DJI trade ideas
Downward trend According to the behavior of the index in the current support range, possible scenarios have been identified.
The downtrend is expected to continue and continue up to the specified Fibonacci levels
US30 Bearish 4HTF(4H Div, Dow BOS)US30 showing bearish momentum supported by 4H Divergence and DOW Break of Structure (BOS). Based on the seasonality chart of last 30 years, US30 performs bearish in the month of September.
Entry is taken as Sell Stop slightly below the previous HL.
SL is placed above previous HH
TP is taken based on 1:1 and 1:2 R:R.
Note: Break Even if TP1 hits.
What do you think, will it work?
US30 shortsHere is why:
- I believe that US30 is due for a very strong uptrend in the near future. However, orders are not enough to take the pair to all time highs.
- Hence, we saw the rush of downward momentum.
- There is a bearish setup on the 4 hour timeframe and the targets are 40,583
- I am currently looking to sell the pair, but I have to wait for more confluence.
- The best possible scenario, is if price tests 40,950 before I look to sell the pair to 40,580
- Another scenario I would sell the pair is if it forms a setup at 40,790 during the new york session.
- For now, I sit on my hands as I wait for the pair to give me more confluence to sell.
+664% ! The Power of Ai Trading Net Profit: $132,926.43 USD, which is an impressive 664.63% return.
Total Closed Trades: 133 trades have been completed.
Percent Profitable: 66.17% of the trades were profitable.
Profit Factor: 6.76, indicating that for every dollar risked, the strategy earned $6.76.
Max Drawdown: $10,366.73 USD, or 24.76%. This represents the maximum observed loss from a peak during the strategy's performance.
Average Trade: $999.45 USD profit per trade, which corresponds to a 1.67% gain on average per trade.
Average Number of Bars in Trades: 43 bars, which implies that each trade lasted, on average, 43 periods (in this case, 43 * 8 hours).
The performance graph shows a steady upward trend, indicating consistent gains over time.
Dow Jones Record Prices are coming...Dow Jones Breaks to New Closing Record as Tech Pullback Drags Nasdaq into Loss
As long as trades above 41345 means will continue the bullish trend toward 41550 and 41800.
Closing 4h candle under 41345 means there will be a bearish trend toward 41180 and 41030
Key Levels:
Pivot Line: 41365
Resistance Levels: 41550, 41720, 41880
Support Levels: 41180, 41030, 40800
Expected Trading Range Today: The price will likely fluctuate between support at 41180 and resistance at 41550.
Trend: Bullish trend as long as trades above 41345.
DJI Collapse Imminent | Caution All AssetsThis is how we hold the finance sector accountable.
Caution in all assets.
The world economy is grinding to a stand-still.
This selloff will be deep and obviously very painful.
There are a ton of hype stories and narratives out there - I have covered and poked fun at many of the ridiculous narratives in previous posts.
We knew this day would come.
US30 channelUS30 has been trading in this channel for months.
expect either a break and retest to the upside
OR
respects the upper trendline and falls in price!
looking for a daily scalplooking for movement to the upside, a quick scalp before the opening of USA session. and a short from the resistance 1 hour after the opening of new york session. looking for a 1 to 3 risk to reward trade. trade responsibly, never risk more thank 0.5 % on any given trade idea.
Drop on the US30I see some bottoms to be filled in. But market been moving uncertain. Bullish market with very weak tops,giving me the idea that the market will bearish a bit to fill some gap and then continue with the bull run.
Drop on the US30I see some bottoms to be filled in. But market been moving uncertain. Bullish market with very weak tops,giving me the idea that the market will bearish a bit to fill some gap and then continue with the bull run.
US30 / Correction to 41345 then bullish trend...Dow Jones Still trades in the bullish zone
As long as it trades above 41345 it will continue the bullish trend toward 41550 and 41800, especially after their retest on Friday.
Closing 4h candle under 41345 means there will be a bearish trend toward 41180 and 41030
Key Levels:
Pivot Line: 41550
Resistance Levels: 41720, 41880, 42020
Support Levels: 41345, 41180, 41030
Expected Trading Range Today: The price will likely fluctuate between support at 41180 and resistance at 41880.
Trend: Bearish correction till 41345
Dow Jones Industrial Average Near Major ResistanceThe Dow Jones Industrial Average (DJI) is nearing major Fibonacci resistance. When measuring large percentage gains, its more appropriate to compare growth rates.
Within Elliott – Motive waves there’s usually a Fibonacci relationship between the first and fifth waves.
Primary wave had a growth rate of 74% multiplied by the Fibonacci ratio of .618 equals 45.73%. Adding 45.73% growth to the Primary wave bottom of 28,660.94 targets 41,767.58 for the peak of Primary wave .
This target could be achieved on 09/03/24 or 09/04/24.
Last top for the year @ Sep 09?Starting from the bottom in October 2023, the price advance is expected to top somewhere this month. The nature of the correction that will follow is expected to form a bottom with the low on 5th August. Series of Bottoms expected to form like it counterparts in 1956.
DOW JONES continues to rise?According to the resistance in the range of 41611 After breaking this range, expect to climb up to the range of 41876 and in case of strength, the range of 42085 Otherwise, after the failure of the support in the range of 41110, we can expect a drop to the range of 40796 and 40548.
US30 1WI believe the Dow Jones might experience a correction from this level, which is also the upper boundary of the ascending channel.
Look for an entry point in the lower time frames.
US30 View!!The S&P/ASX 200 index
XJO
was down nearly 0.4% at 8,062.90 points, as of 0055 GMT, with all but two sectors in the red. The benchmark ended 0.6% higher on Friday.
The country's second-quarter GDP report, due this week, could set the stage for the Reserve Bank of Australia's interest rate trajectory when officials meet later this month.
Economic data from the United States signalled the Federal Reserve will likely cut interest rates by a smaller quantum of 25 basis points, instead of 50 bps.
UPDATE: Stock market crash DJI 2024 will start soon after this!UPDATE: Stock market crash DJI 2024 will start soon after this abc traject!
Probably in September/October!
UPDATE-Stock market crash DJI 2024 are in the starting blocks!UPDATE-Stock market crash DJI 2024 are in the starting blocks for the first part of the great descent!
Change the trend According to the specified resistance ranges, it is expected that the current upward trend will end and we will see the beginning of the correction process.
If the index stabilizes above the green resistance range, the continuation of the upward trend will be likely
SHORT US30/DOW as per chartWe are shorting US30 AT 41551,
stop loss at 41615
Target 1 at 41415.70
target 2 at 41022.30
Once the price below 41500. trail stop loss towrad your short position.
