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US WALL ST 30

US30 seems to be bottomed out After bad CPI numbers US30 managed to get to 28600 which is previous low. Scenario 1. US30 is currently forming a kind of double bottom or "W" pattern, it will be confirmed as it breaks the neckline which is around 30312-30473. Breaking that zone would confirm that's its double bottom. Target of this pattern is usually the size from bottom to the neckline. which is at 32410. Scenario 2. As you can see only 4hour candle chart, US30 is also forming up descending broadening wedge i.e. bullish chart pattern (said to be a reversal pattern) breaking out of this and would make our new target on top of the descending broadening wedge. If you look carefully at fibs 0.382 (30790) seems to be like the important area which US30 must break and create support above it in order to move higher Entry: breakout of neckline TP1 : 0.618 fib (32129) TP2 : 32564 TP3 : 34296 S.L : 2% Remember I will be only taking trade as it breaks and creates support above the neckline Trade safe.
CAPITALCOM:US30Long
by itwasblue
1
US30USD YM1! DOW 2022 OCT 17US30USD YM1! DOW 2022 OCT 17 Support at 28886 long was fruitful. Market is in rotation of 1800pts. Next target should be toward bottom of rotation range 28635. Possible scenarios: 1) Rotation play = trades to be taken at boundary of range. 2) Signs of breakout = look for higher lows / market loitering near -> breakout of zone, --> test and accept of breakout = long 3) Signs of breakdown = look for lower highs / market loitering near bottom of range --> breakdown of range --> Short on test and reject of breakdown Price reaction levels Short on Test and Reject | Long on Test and Accept 32789 31793 31385 30513 28732 29639 29315 27741 26876 26212 Weekly: High vol up bar close off high toward middle = undecisive Daily: Ave vol down bar close off at low = minor supply H4: Very high vol down bar close at low = demand present Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677
S&P and DJIA bearish flag to come?Stock market has still stayed in a bearish market structure. Observing multiple bull rallies throughout since February/March 2022. And bull rallies will continue so long as market sentiment continues to expect a more negative month/quarter than it actually is, although still in a decline versus previous month/quarter. We can tell bearish market sentiment from the recent economic data releases where: Forecast < Actual < Previous Forecast is lower than the actuals, and actuals being lower than previous We are in a decline, but expectations were that of a faster decline which is not happening. The economy remains resilient, and this will mean the FED needs to do more to hamper down on inflation. Expecting more aggressive rate hikes, where on the announcements, stock market is expected to make a move lower.
OANDA:SPX500USDShort
by geneAnalytics