Get started

US WALL ST 30

Global DOW, SPY, NAS Support CorrelationThe 24 hour US stock indices have a solid correlation and showing you where buy support is. The top chart is the US30USD. The middle is the SPX500USD. The bottom is the NAS100USD. Since these charts trade 24 hours a day 5 days a week there never is a gap to deal with messing your oscillators. There is a term I like to use called "No Man's Land". It includes all areas of a Moving Average Oscillator that don't connect to some form of support trend line or resistance trend line. Don't trade in those areas. Look for support and resistance and set alerts so you can trade at those key points. We are hunters not killers. Hunters still fail, but hunting at key points allows you to set tight stop loss and move on to the next hunt. If you get stuck in "No Man's Land" then you have to decide to wait and hope support or resistance gets tested and works in your favor. That is not fun to feel and makes you emotional. Things can always reverse due to unexpected fundamentals. If that happens, be patient and start hunting the possible next support trend line or resistance trend line. And slowing down your lookbacks is vital to learning the bigger picture of things. Just because the preset value for RSI is 14 lookback. Doesn't mean you can't use other numbers. Fib numbers open up doors you've never seen. Good luck hunting
OANDA:NAS100USD
by Craig_Claussen
I see Ending DiagonalsIn my previous post on US30, I analyzed and talked about the upcoming Bullish Move which has been going on for the past couple weeks. Although, it seems this bullish move do not consist of Elliot Impulse Waves , instead it consist of Corrective Waves . The Converging Diagonals shown in the chart are showing that the upward Wave W , which started from 25th May has ended today. I am anticipating correction Wave X to be up to 50% - 61.8% of This whole upward Wave W . This downward Price action can go on for even a month. For the time being, markets are almost near closing. Theres Holiday on Monday. I expect next week, there will be an SL hunt for today's high with ABC Flat . If I see it, I wont be missing that opportunity to short. I have pinned my previous analysis I did on US30 HTF below.
OANDA:US30USDShort
by syedhamza2135
YM1! US30USD DOW 2023 June 12 WeekYM1! US30USD DOW 2023 June 12 Week No change to previous analysis, observing reaction to 34605-34275 area. Last Friday's up bar showed significant weakness. Possible scenario: Short if 34605-34275 is rejected again Reason: Higher low toward previous resistance, on reducing volume. The professionals may engineer a false break to suck in traders unaware of the weakness. We shall wait to short on rejection of recent high. Price Reaction Levels: Short on Test and Reject | Long on Test and Accept 35750 34605-34275 32692 31657 Price Volume Analysis: Weekly: Ave vol up bar = NTC Daily: Ultra low vol up bar close off high = significant weakness Like and follow if you find this useful. Have a profitable trading week. *For education purpose only.
CBOT_MINI:YM1!
by paradox677