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US WALL ST 30

US30 l DAILY l OUTLOOKLooking back at May 16th & May 22nd (LINKED IN DESCRIPTION) TA that was sent on US30 the following was stated and played out for both. MAY 16th TA “We saw on Friday a nice bullish flag pattern play out. We broke our downtrend trend-line and retested the our bull flag twice clarifying added support to that area. What we see / need to see now. 1. US30 is still not out of our bearish zone. US30 is still under 200 EMA on our 4 hr chart. 2. US30 retest our downtrend trendline and formed a nice price action support pattern (circled). 3. US30 has entered back into major zone 32050 - 32450. 4. Need to see a higher low formed or a BOS of 32450 which has been a major rejection zone.” MAY 22nd TA DAILY OUTLOOK / TAKEAWAYS: 1. US30 is still overall bearish . Retesting major levels 31250 & 30750 for the first time MARCH 2021. 2. Last time these levels were touched we reached ALL TIME HIGHS. 3. US30 is still breaking in and out of descending channel . 4. US30 bounced off of major zone 30750 and is now retesting major zone 31250. 5. NEED TO SEE A FULLY ENGULFING CANDLE TAKE OVER AND ENTER BACK INTO DESCENDING CHANNEL . 6. ENGULFING candle needs to clear BOS and retest BOS to see continued upwards bullish movement. MAY 25th TA DAILY TAKEAWAYS: 1. US30 saw multiple retests of BOS / support and resistance level 31550. 2. Fake of candle breaking through BOS (circled) rejection wick. 3. We have broken out of descending channel once again. 4. Need to see a minor retest of descending channel then a break into major zone 32100 - 32450. 5. Next major BOS is positioned at 32650.
OANDA:US30USD
by CORNINO
US30 - POST NY SESSION ANALYSIS - 05242022US30 - POST NY SESSION ANALYSIS - 05242022 An erratic day today. Price slightly pushed up after my last post. Stopped me out at approximately 31767. I then got back in to another sell order around 31725 around NY open. Shortly thereafter price dropped about 300 points, I was trailing my stops so I locked in 200 points at approximately 31500 before price came back up and stopped me out. Since then in late NY session price has now pushed up to around the 31950 level. I have entered a sell position around this level, 31950 - 31990 My stop is above this recent structure that has formed, 100 points out at 32050. If price pushes up to my SL level then that will indicate that price is pushing up past these structure highs to form new highs and higher lows. If the bears come back into play here I anticipate price will drop down to atleast the 31400 level tested earlier today if not further down to 31000. I will be trailing my stops as always and see where this goes. I'll see you all pre NY session tomorrow! Have a great night!
OANDA:US30USDShort
by ryanweier
US30 - PRE NY SESSION ANALYSIS - 05242022US30 - PRE NY SESSION ANALYSIS - 05242022 After a nice push up yesterday, price is hanging out around the 31600 - 31700 level. It looks like price may be forming a higher lower, turning previous resistance into support. However, the overall bias is still definitely bearish and I've entered a sell position around 31660 as the previous H1 candle appeared to be exhausted while attempting to form this new higher low. If I'm stopped out at 31760 then I will be looking to see if price pushes up to the previous level of structure around 31900 in confluence with the 61.8 fib level and supply zone in this same area. If this occurs then I will be looking to get in once I see signs of exhaustion/reversal with a 100 point stop around 32000. Hopefully it moves in my direction and I'll begin trailing my stop at around +125 points if it gets to that point. I'll do my best to post again post market today however I'm still dealing with my Abuela in the hospital so I may have to push until pre-market tomorrow. Have a great trading day! Let's get this bag :)
OANDA:US30USDShort
by ryanweier
2
US30 - PRE NY SESSION ANALYSIS - 05232022US30 - PRE NY SESSION ANALYSIS - 05232022 Price has pushed back up to the zone/previous level of structure in the 31400 - 31600 area. It appears that it is retesting this previous structure before it continues with the overall bearish sentiment evident on the higher TFs. I am looking for price to fully pull back into this zone, my sweet spot I am targeting is 31500 - 31650 with a 100 point stop which will put my SL outside recent structure highs. However, I will only enter in this area if I see signs of exhaustion/reversal forming on the M5, M15, M30, and/or H1 TFs. Let's see what happens but this can potentially be an easy 1:3 minimum RRR trade. Have a great trading day and see you after NY session today!
OANDA:US30USDShort
by ryanweier
US30 Weekly Outlook - Where are we headed?! - 05232022US30 Weekly Outlook - Where are we headed?! - 05232022 Last week was absolutely crazy for US30! There was a HUGE drop on Thursday 05192022 with a lot of volatility throughout the week. The sentiment on US30 is still definitely Bearish in my opinion. On the monthly we are seeing a huge bearish candle with 9 days left. We're also pushing down to the 38.2 fib level on the monthly timeframe beginning from the bottom of the Covid drop in March 2020 and the subsequent bull run. On the weekly we are seeing this reinforced by higher highs and higher lows forming while price is breaking thru previous levels of support. Most recently this past Friday 05202022 price broke past a Weekly level of support/resistance at 30958. It then pushed back up late Friday session however it is very likely that this level will get retested again in the near future. On the daily, H4, and H1 timeframes we are seeing further confirmation of this with actually very clean structure forming lower highs and lower lows on these TFs. I have adjusted my fib down to this new low of approximately 30650 which was hit on Friday. I anticipate price will push back up the previous structure highs formed in confluence with a 38.2 fib level and H4 supply/demand zone in this same area. If this occurs and price exhibits signs of exhaustion/reversal then I will be looking to get into another sell position, targeting recent lows. 100 point stop above structure, 1:2 RRR minimum, begin trailing stop at +150 points leaving a 100 point buffer. I'll see you tomorrow morning pre NY session. Enjoy the rest of your Sunday!
OANDA:US30USDShort
by ryanweier
2
US30 l DAILY l OUTLOOKLooking back at May 16th (LINKED IN DESCRIPTION) TA that was sent on US30 the following was stated and played out. “We saw on Friday a nice bullish flag pattern play out. We broke our downtrend trend-line and retested the our bull flag twice clarifying added support to that area. What we see / need to see now. 1. US30 is still not out of our bearish zone. US30 is still under 200 EMA on our 4 hr chart. 2. US30 retest our downtrend trendline and formed a nice price action support pattern (circled). 3. US30 has entered back into major zone 32050 - 32450. 4. Need to see a higher low formed or a BOS of 32450 which has been a major rejection zone.” DAILY OUTLOOK / TAKEAWAYS: 1. US30 is still overall bearish. Retesting major levels 31250 & 30750 for the first time MARCH 2021. 2. Last time these levels were touched we reached ALL TIME HIGHS. 3. US30 is still breaking in and out of descending channel. 4. US30 bounced off of major zone 30750 and is now retesting major zone 31250. 5. NEED TO SEE A FULLY ENGULFING CANDLE TAKE OVER AND ENTER BACK INTO DESCENDING CHANNEL. 6. ENGULFING candle needs to clear BOS and retest BOS to see continued upwards bullish movement.
OANDA:US30USD
by CORNINO
US30USD YM1! DOW 2022 MAY 23 Week US30USD YM1! DOW 2022 MAY 23 Week Last week scenario2 test and reject short was good. Play scenarios mapped out: 1) Test and reject 32167 or supply line of channel for short 2) If market reaches 29523, wait for price reaction as it was previous resistance turned support Price reaction levels Short on Test and Reject | Long on Test and Accept 36446 35750 35330 34945 34027 33066 32554 32492 32167 Weekly: Ave vol down bar close off low = minor strength Daily: Ave vol up bar closing off high = minor strength H4: High vol up bar closing at high = strength Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677
US30 - Full Elliott Wave Breakdown ✅Here we have the 2D chart for US30. We have the impulse starting Mid March in 2020, which recently ended in January 2022. The Elliott Wave breakdown is as follows: Wave 1 - is made up of 5 subwaves (impulse) Wave 2 - Is a corrective wave made up of 3 waves (correction) Wave 3 - is another impulse wave made up of 5 subwaves (impulse) Wave 4 - is a corrective wave made up of 3 waves (correction) Wave 5 - Can be either an impulse or a correction - But its made up of 5 waves We can see that the impulsive wave has completed all of these phases and now we are in the corrective wave, which is an ABC corrective wave. We are now on the final C wave, which is broken down into 5 subwaves. We could be seeing subwave 4 forming and about to see the final 5th subwave down. We are looking to buy US30 once there's another drop. Once the drop happens, we can assume the corrective period is over and we can ready ourselves ready to buy US30. What do you guys think of this Elliott Wave Breakdown? Have we missed anything? If so, we'd love to hear! Goodluck and as always guys, trade safe!
FX:US30
by WicktatorFX
4
US30 - PRE NY SESSION ANALYSIS - 05172022US30 - PRE NY SESSION ANALYSIS - 05172022 Price has been pushing back up so far this week. Overall from the macro perspective I believe we still are in a bearish market. However, price is breaking above previous structure highs on the lower TFs. With this in mind, I have my eye out to see what price does over the next hours/days. If price continues to push up and forms a floor of support where structure was previously resistance then I may be targeting short term buy opportunities to ride this push up which appears to be a pullback on the higher TFs. I will have my eye closely on this push up to also see if it begins to run out of gas near levels of supply/resistance and exhibit signs of exhaustion/reversal. If so, then I will be looking to get back into a sell order to continue with the overall larger bearish trend. Some significant US sales data news today @ 8:30am and Daddy J. Powell is speaking @ 2pm, other than that smooth sailing the rest of this week with US news. Happy trading and see you after NY session today!
OANDA:US30USDShort
by ryanweier
Key levels - US30/Dow JonesThese are some of the levels that I'll be looking at for next week. Initially I would like a drop down to 31750/31500 where I will look for lower time frame accumulation and then look for a long up to 32400 area. Once price reaches 32400 area and clears the liquidity I would like to see some sort of distribution pattern form so I can then look for shorts. We also have a high volume level at 32400 so it will be interesting to see how price reacts there. We are still bearish on the higher time frames and so I need to make sure I get proper confirmation before I enter a long. Trade safely and risk only what you can afford. This is not financial advice and nor am I a financial advisor. Any losses or profits made can not and should not be held liable to me.
OANDA:US30USD
by Turtlesoup_Maestro
US30USD YM1! DOW 2022 MAY 16 WeekUS30USD YM1! DOW 2022 MAY 16 Week Last week scenario1 breakdown finally happened.Friday market tested breakdown area 32167 Play scenarios mapped out: 1) Test and reject 32167 for short opportunity 2) Test and reject 32554 for short opporutnity Price reaction levels Short on Test and Reject | Long on Test and Accept 36446 35750 35330 34945 34027 33066 32554 32492 32167 Weekly: Ave vol down bar close above middle = minor strength Daily: Low vol down bar closing off high = weakness H4: Low vol up bar close off high = weakness Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677
US30 - POST NY SESSION ANALYSIS - 05132022US30 - POST NY SESSION ANALYSIS - 05132022 Price bounced around today, didn't go in the direction of my target. I got stopped out around 32050. A couple hours later I re-entered when price started to show exhaustion around the 32050 level which I was previously stopped out at. This was showing some confluence with the MA 66 as a static resistance on the H1 timeframe, along with exhaustion showing on the lower timeframe; M15, M5. I set my stop clear out of structure at 32150. Initially price went in my direction about 100 points. Then it pushed straight back up to my SL at 32150. Did not re-enter and price has just bounced around from about 32200 to 31900. The weekly candle is closing exhausted bearish, this upcoming week might be a pullback, possibly looking for short term buys. I have entered 1 small re-entry order at 32159 which I'm going to leave thru the weekend with my usual 100 point stop at 32260. Let's see if I get stopped out right at market open or what happens. Time to enjoy my weekend; relax, a little backtesting/wsa video watching/reading, and prepare for a new week :) Have a great weekend!
OANDA:US30USDShort
by ryanweier
US30 - PRE NY SESSION ANALYSIS - 05132022US30 - PRE NY SESSION ANALYSIS - 05132022 As anticipated, price pushed back up during Asian and London session and is now hanging out around the 32000 level. I have entered a sell position @ approximately 31960 with a 100 point stop which is clearly above previous recent structure lower highs. There is also confluence in this area with the MA 66 acting as a static resistance, the 23.6 fib level, and a random support/resistance level which is also behaving as resistance at this time. I am anticipating for price to drop to retest this week's previous low of approximately 31200 which is my TP. I'll be moving my stops into profit as it starts heading in my direction. If I get stopped out I'll probably call it quits for the week unless I see price pullback to the 38.2 fib level and show signs of exhaustion/reversal to consider a re-entry. No major US news today which is good. Good luck today and see you after NY session this afternoon!
OANDA:US30USDShort
by ryanweier
1