Dow Jones broken into a BULL MARKET New All Time Highs comingReverse Cup and Handle has formed on Dow Jones...
This was also coinciding with the broken downtrend that took place early this month...
We are looking super bullish with great upside to come.
All Time Highs seem to be on the cards, and this could help other markets to flourish...
7>21>200
RSI>50
Target 37,242
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.
Sell US30: Swing TradeThe market is testing resistance at 35000. I am looking for reversal signs to enter SHORT positions. Entry is just below resistance, from my experience trading FX:US30 [/symbol occasionally, it reverses just before the Support/Resistance lines.
Entry: 34980
TP: 33450
SL: 35160
Risk to Reward: 8.5
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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
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Take care and trade well
-Vik
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📌 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.
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US30 bearish retracementThe US30 bearish move is only a retracement that will not affect our bullish TP. If unable to hold, we recommend that you take profit and re-enter when it reaches the support of our rising wedge
BUY US30/WS30: Swing Trading AnalysisEntering a Buy Limit order for US30:
Entry: 34020
SL: 33470
TP: 35940
The market is testing support at 34000, added 20 pips to accommodate for spreads and broker rates. Will enter a buy in this zone as soon as I see reversal signals in order to reinstate
LONG positions. The SL is below the zone. The entry also matches with Fib level of 61.8 which is a good area to buy especially on US30.
US30/WS30 Sell: 2700 pip target Day TradingSince the beginning of the week US30 was ranging between 35050 and 34920 where I've successfully bought and sold between these regions.
Re-entering a sell at 35050 and will take profit along the way.
Entry: 35050
SL: 35140
TP: 35010 - 34920 and will hold one position open with SL at entry.