DOW JONEX (US30) could FALL!Nice retst of previous trendline and resistance-zone could cause a drop here!
WATCH OUT - Powell is about to speak today, so everything can happen! ;-)
Usd30usd
#US30USD | What Is The Comming Scenario For 2021?#US30USD | What Is The Comming Scenario For 2021?
Looking at #US30USD 30295 could be a perfect area for a drop since the price right now is making a triangle formation.
With a potential drop in the coming week and the start of the year. Looking to technicals and fundamentals in general where the scenario is not very clear and market hate uncertainty.
Until we have a clear position in the global market make any kind of decision for #INDEX into a #Swing_Analysis is hard.
Looking close to #Price_Action and also #Fundamentals comming.
Good Luck,
Anderson
US30 PRICE POINT THEORYSo I'm away on holiday at the moment and am experimenting on a few ideas that have been running through my head these past few months
so we are going to see one here with U30
the initial drop was inside a range for 3-4 phases before it drop and I went in to calculate the amount of points that it did
and guess what it was about 1530 in price terms
and after that drop we had a pull(small one I might add ) then price dropped again and to my surprise the close of the last low was exactly 1530 as well
coincidence maybe ,,but hindsight we need a relief to cover the drop that happened these past few days
I have allocated the pricings for the targets on both pushes upwards in the next few days
lets see how this plays out .
US30 Scenario!!If the price holds the important support around 26,400 we will see new highs in mid-term
$US30 BUY !$US30
Buy Opportunity forming !
Using Advanced technical & Intuitive method.
For educational purpose only*
USD30USD 1D 120% Fibonacci Retracement We seen the market make a retracement last week to our 120% fib level. What does this mean? Nothing really because we didn't take any short positions. All this mean is that we retraced to 120% which is above our daily resistance zone (25882).
If we take a look at our weekly chart our weekly midrange support (25000) has held firm causing the price to shoot back up to monthly resistance (26000). Looking at this last week bullish price move engulfed 3 weeks of bearish price action.
As far as right now on neutral on this pair. Price right on retested our monthly resistance (26000) which can at this point hold firm and on our daily timeframe price dives down below daily resistance (25882). If this were to happen then we are back into the H4 and daily trend.
If daily resistance (25882) break we are expecting price to reach 27000 possible 28000.
