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Ws30

Dow Jones Leading the indices? Next target sky highExtended W Formation has formed on Dow Jones. WHile other indices and stock exchanges are falling or moving sideways, this one is racing up without any shackles. There's always been a price breakout above the downtrend since Aug 2023. All in all, it's looking very bullish and is showing upside to come. Target R35,689 What's interesting is the DOw Jones, SP500 and Nasdaq are normally the leading indices. So could this be a prediction that other indices (including ours) are ready to rally to new HIGHS of the year? If so, we need to prepare for this possibillity with hedging carefully.
CAPITALCOM:US30Long
by Timonrosso
US30 (Dow Jones) Can Fall Important Patterns And LevelsTraders, US30 (Dow) has been following our bearish plan for sometime. It can continue to fall further down if this and important level is broken. This will lead it to form an M FCP (Fibonacci Confluence Pattern) . As always to stay unbiased and to assess the max risk, we have a bullish scenario as well. If the Dow Jones (US30) starts to move up then it can form a W FCP Pattern too. In that case WS30 can go to all time high too. Trade what you see and keep the risk management tight. Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade set ups and the updates of this analysis ✅ Don't hesitate to share your ideas, comments, opinions and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
UShort
by vikinsa
6