US30USD Bearish Pattern FormationI think that the bullish run is over and we have witnessed the formation of a rising flag, which IMO, looks like more of a bearish setup to me. (ID Timeframe).
I do anticipate that the bearish run look inevitable and let us dig deeper into the shorter timeframes to get the best position for an entry.
Wallstreet30
US30USD LongThis index has formed a doji candle, which might be an indicator of an indecision in the market. I anticipate that the market might retest the resistance at 40,000 based on the fact that sentiment is bearish on this trade.
Entry point at 38150, TP at 40050 ,and SL at 37200 as my R : R is 1: 2.
Kindly remember to risk 1 - 3 % of your account.
Buying DOW at 4H candle closes.DOW30 - Intraday - We look to Buy at 32811 (stop at 32561)
The medium term bias remains bearish.
The 261.8% Fibonacci extension is located at 28943 from 34939 to 32649.
Bespoke support is located at 28933.
Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Our profit targets will be 33558 and 34093
Resistance: 33558 / 34093 / 35000
Support: 32810 / 32709 / 28943
Disclaimer – Saxo Bank Group.
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US30 20/10/2022US30 currently ranging in between 30793 as its resistance & 30266 as its support while also retesting a HTF downtrendline. Now a breakout of the ranging Phase might determine whether US30 will continue moving down in respect to the downtrendline or make a breakout of the trendline to continue pushing up.
So if the price makes a break & close below the Support zone of the ranging phase, atleast on 1HR TF, then we can start to look for trades on the short side in short TF like 15 to 30 MIN TF in hopes of price continue to push down in respect to the downtrendline to retest the next support level at 29620.
However if price respects the support of the ranging phase & closes above the resistance, then it would be a breakout of the downtrendline & we can look for trades on the long side expecting price to continue pushing up all the way to retest the next HTF key zone at 31660.
Dow Jones (28 March - 01 April 2022)Dow Jones valid S/D zones for the week ahead.
H4 SZ >> Red
H4 DZ >> Blue
H1 DZ >> Dark Green
m15 DZ >> Light Green
US30 LONG IDEAI have numerous confirmations to long DJ next week. We are in an uptrend and are aiming to clear previous highs, I'll be looking for a retracement of broken structure and will place a buy stop to take advantage of the potential movement upwards.
US30 ANALYSISGot a Fibonacci setup with price in consolidation and sitting on the trendline. If price breaks above I will wait for a retest before entering. A break down could be a fake out as there is a high chance it will hit the respective Fibonacci levels before heading up. News later might influence the direction of the market today so will remain neutral until I have the right confluences before entering. Good luck to everyone trading today and have a great weekend ✌🏼
we more exactly recalculate=100% dow will crash in coming days after bad NFP news and big unemployment 6.1% seller pressure ,affect of negative news will be big
100% dow will see 34000 (100% put buylimit with sl=100)
90% dow will touch 33100 (100% put buylimit with sl=200)
keep monitor AC accelator occilator (if your platform dont have it ,search it in google or use stoch 7.4.4) on 240-30min chart is very very important, when AC 4hour is red,looking for sell
technical big trends + fibo 161% show 33100 ,save this number in your mind,you will see it soon (golden place for buy and hold 20-30 day)
advice = dont pick buy above 34000 , if you have buy close it now ,looking for sell ,bet you dow little can go up BIG CURRECTION comming in next days will clean all green candel in 30-60 min
Down Jones---Bears appear (?)The Down Jones Index show price reversion, starting with the Elliot Waves count we can see wave development respecting Fibonacci Levels as much as Fibo retracement like Fibo extension confirming a possible new moviment reversion. Furthermore there are more patterns that indicate us, complementing our methodology.
Potential scenarios:
*Wave C
*The price make a new high in the subminutte Wave 5 going to the 200-261.8 fibonacci extension zone for later make the wave C
*Price going to 200-261.8 zones and breaking the triple module clavicle confirming the down of the price
*Fake Wave 4 finished and new Impulsive Wave
*WXYZ...
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