US30 Chart H1Here is my view for US30 on H1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
US WALL ST 30
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!
US30 Potential Sell- Impulsive break of structure
- Liquidity swept
- Imbalance
- Fresh Order Block/Supply area.
Let's see what happens...
US30 SHORTOANDA:US30USD
US30 made a retracement at 78.6% at a resistance level with wick rejections and a bearish engulfing candle for a short setup.
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.
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.
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!
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!
US30 - POST NY SESSION ANALYSIS - 05122022US30 - POST NY SESSION ANALYSIS - 05122022
Nice trading day today locking in about 300 points.
Got in at 11AM EST on a 15min exhausted bullish candle with a big wick.
Entered approximately 31800 and rode down to 31500.
Price has since pushed down further to approximately 31200.
Over the next hours of Asian and London session I am looking for price to pullback to approximately this same 31800 - 32000 level.
If it does, I will be looking for exhaustion/reversal patterns forming with confluences of being near previous structure highs, fib PRZ levels, and supply/demand areas.
By the end of this week, price may potentially drop all the way to the weekly support/resistance level of approximately 30900.
Have a good night and see you before NY session tomorrow!
US30 - PRE NY SESSION ANALYSIS - 05122022US30 - PRE NY SESSION ANALYSIS - 05122022
At the time of this post price is currently around 31600 and appears to be running out of gas.
During Asian and London session price has continued to push down.
US - PPI news at 8:30AM EST so we will see what effect this has.
Currently I don't see any entry for my edge, there may be some short-term countertrend buy opportunities but I am not targeting those.
I am going to wait for price to pull back up to previous levels of structure, aligning with support/resistance levels, supply/demand zones, and fib levels while price is exhibiting signs of exhaustion/reversal to get back in on another sell order to continue riding the downward wave.
Have a great trading day and see you after NY session today!
US30 - POST NY SESSION ANALYSIS - 05112022US30 - POST NY SESSION ANALYSIS - 05112022
Now THAT was a trade!
After my last post, price DROPPED after the negative US - PPI news.
I was in around 32450 and right at 8:30AM she dropped to the floor, at one point going as low as 31800.
I secured profits the whole way down starting at 1:3 RRR approximately at 32150.
Hit my TP of 32000
Had a trailing stop running, moved it all the way down to 32050 as price was around 31900.
Price came back and stopped me out shortly after NY market open @ 9:30AM
I was away from my station but in retrospect, price went back up around my previous entry point and exhibited beautiful exhaustion along with a double top around this 32500 level roughly.
Anyone in the market at that time could have gotten a sweet 1:5 - 1:6 RRR trade.
Awesome trading day, completely satisfied with my gains!
Let's see if we have a fresh high probability opportunity tomorrow morning :)
Have a great night!
US30 - PRE NY SESSION ANALYSIS - 05112022US30 - PRE NY SESSION ANALYSIS - 05112022
Price has pushed back up to approximately 32450 level over last few hours.
Although US Core PPI data is due now at 8:30AM EST, I have still entered a few positions around this 32450 level as the last couple of hour candles showed some signs of exhaustion near the 23.6 fib level and a previous structure lower high.
I am targeting 32000, a level which was touched yesterday.
If I'm stopped out at 32555 then I will be monitoring price to see if it exhibits exhaustion at higher structure levels near the 38.2 fib around 32700
See you after NY session today!
Happy Hunting!
Dow Jones Prediction H1Here is my view for US30 on H1. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
US30 - POST NY SESSION ANALYSIS - 05102022US30 - POST NY SESSION ANALYSIS - 05102022
Big drop today as expected but unfortunately I was stopped out and didn't reenter :/
Price is now bouncing around 32100 and I am looking for a pullback with signs of exhaustion/reversal for another bearish entry.
Let's see what Asian and early London sessions bring in.
Have a good night!
US30 - PRE NY SESSION ANALYSIS - 05102022US30 - PRE NY SESSION ANALYSIS - 05102022
Price dropped a bit and pulled back during Asian and early NY session.
It did not pull back to the zone that I was hoping for which would have lined up with a weekly SR level and 38.2 fib but it has pulled back to the 23.6 fib level which aligns with the structure highs formed over the last few hours.
I have entered a short position around 32513 targeting previous structure low of 32080
My stop is approximately at 32620 approximately 100 points above my entry and also above the same structure highs formed over the last few hours at this 23.6 fib level.
I will be trailing my stop by approximately 100 points once the trade passes 150-200 points profit.
No major news today which is great.
Let's see how this plays out :)
US30 - POST NY SESSION ANALYSIS - 05092022Price just kind of bounced around today around the new structure lows formed over the last day or so.
I am looking for price to pull back up a bit to previous structure lower highs in confluence with a supply/demand zone in that same area as well as a weekly support/resistance level and 38.2 fib.
Expect price to move sideways during Asian session tonight and hopefully pullback during early London session, exhibit some exhaustion/reversal signs, and then I will get in with approximately 1:6 RRR which is fantastic.
I will see you before NY session tomorrow!
Goodnight!
US30 - PRE NY SESSION ANALYSIS - 05092022US30 - PRE NY SESSION ANALYSIS - 05092022
The bears have continue their push down starting off this new week, getting down into the 32500 range.
I anticipate that price will continue to drop as there are no major support levels to hold price up for a good ways.
I am looking and waiting for a pullback to previous levels of supply/demand and then exhibit signs of exhaustion and reversal on the lower timeframes up to H1 to consider an sell entry to continue the downward wave.
At the time of this writing I don't see that entry opportunity yet but I will have my eye on it.
Happy Monday!
US30USD YM1! DOW 2022 MAY 08 Week
US30USD YM1! DOW 2022 MAY 08 Week
Last week, previous demand at 32427-32167 returned to support the market, so
we have scenario 3 where market returned to test the recent 2 highs.
Market is now again approaching 32427-32167. Again wait for price reaction
to this level.
Play scenarios mapped out:
1) Scenario 1 extension toward 32167-32427 region for a breakdown
2) Market rotates between 34027 and 32167-32427
Price reaction levels
Short on Test and Reject | Long on Test and Accept
36446 35750 35330
34945 34027
33066 32492 32167
Weekly: Average vol wide spread down bar close of low = strength
Daily: Ave volume down bar closing above mid of bar but off high = minor strenth
H4: Ultra high vol down bar closing off high followed by average volume
up bar closing off high = weakness
Remember to like and follow if you find this useful.
Have a profitable week ahead.
Temporary growth of the stock marketThe temporary growth of the stock market for a few days is about to start
