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Bearish US30 Butterfly Pattern Understanding the Pullback of US30 Butterfly Pattern In the world of trading, understanding different chart patterns is crucial for making informed decisions. One such pattern is the butterfly pattern, which is currently evident in the US30 market. Traders have observed a pullback in the US30 butterfly pattern from level 1.276 to a lower level. This pullback indicates a potential shift in market momentum, prompting traders to re-evaluate their positions and consider new trading strategies. The possible target of the seller butterfly is at the level 1 Fibonacci, which serves as a key support and resistance level. Traders should closely monitor the price action around this level to gauge the strength of the selling/buying pressure and assess the potential for downward/upward trend.
CAPITALCOM:US30Short
by SEYED98
1
US30 / Dow Jones Buys!!!Analysis Confirmation 1. Fibonacci Levels: I’ve marked the 0.618, 0.786, and 1.618 Fibonacci levels, which align well with potential reversal and target areas. The 0.618 level at approximately 42,327 acts as support, while the 0.786 level around 42,479 provides additional confirmation near the breakout point. 2. Descending Triangle Breakout: Your chart shows a descending triangle with the resistance trendline below the 42,500 area, indicating a potential breakout if the price can close above it. This pattern suggests bearish exhaustion, so a breakout above the trendline could initiate a bullish move. 3. Target Levels: You’ve set the 1.618 and 2.618 Fibonacci extension levels as potential targets, at approximately 42,884 and 43,374 respectively. These strong resistance zones give realistic take-profit levels if the breakout occurs. 4. Moving Averages and Support: The price is supported by the 200-period moving average (black line) and is currently testing the 50-period moving average (blue line). A break and hold above the 50-period moving average could signify bullish strength. Trade Description Entry: - Enter a buy position on a confirmed breakout above the 0.786 Fibonacci retracement level around 42,479. Look for a strong close above this level to confirm momentum. Stop Loss: - Set a stop loss below the 0.618 Fibonacci retracement level, around 42,340, to manage risk in case of a pullback or false breakout. Take Profit: - First target: 1.618 Fibonacci extension level around 42,884, which could serve as the initial resistance. - Second target: 2.618 Fibonacci extension level around 43,374, if bullish momentum continues. Risk Management: - Keep your risk per trade low, ideally around 1-2% of your account balance, especially if this is part of your account growth strategy.
BLACKBULL:US30Long
by Sthesh_Don_Billiato
Teach Yourself Trading Dow Jones Buying In 3 StepsTrading the dow jones TVC:DJI right now wont Look attractive to you. This is because mainstream media is bashing it. According to Reuters, ”Nasdaq hits record high as Alphabet earnings beat estimates“ , October 29, 2024 Sadly the price of the Dow Jones market has gone down. Also according to this article above, utilities are not doing so well. Now you may be thinking, “Why should i buy Dow jones after market crash?” This is because if you look at the indicator on the chart You will see a divergence below the oversold zone. This crossover shows you that the price is cheap and its the best time to buy Dow jones index. If you want to buy another stock, within the Dow jones then thats fine.But if you want to buy the dow jones while its cheap then read the following: ” Tip#1:Sick And Tired Of Market Crashes? Learn How To Trade Dow Jones” Tip#1:Sick And Tired Of Market Crashes? Learn How To Trade Dow Jones Learning how to trade the Dow jones may come off as scary.But this is not something to fear. Its all about understanding the right market cycles and indicators to use. Last week i was trying to understand the power of bulls and bears.Also, i was trying to understand how to dip buy. You may be thinking, “Is it even possible to dip buy?” Yes its very possible and this is what the Dow jones is showing you. What you are seeing is another way to buy the Dow Jones by Dip buying. I did not make up the term dip buying. I got this term from Tim Sykes. In other words, its called the cup and handle pattern. But by the time you see the handle the pattern is complete. If you want to buy another index to make money then that's okay.Otherwise to learn more read this: ” Tip#2:The #1 Quickest Way To Trade Apple “ Tip#2:The #1 Quickest Way To Trade Apple Listen this Dow Jones divergence is very much connected to the fact that apple has an earnings report coming. Trading an earnings report is another strategy. I got this idea from Tim Sykes trading challenge student Jamil, from his book, you can get called ”Penny Stock Guide” Trading the earnings.Is not just about buying earnings reports But its also about looking at the market psycology of the overall market. Now you may be thinking, “How is apple stock connected to Dow Jones Index?” Its good if you think like this because appl is tha largest stock on this index.Also the positive earnings report will boost the over rall index, or atleast give the Index a surpport price action.Now if you feel that you should buy another stock in the Dow Jone Index then thats okay.But buying apple stock will alos helpo you understand the key to market cycles. When you look at the Dow Jones index am using a strategy to determine wether the price is in an uptrend or not.In order to learn more about this strategy read more here: Tip#3:Need More Trading Ideas? Buy Dow Jones Market Crash Tip#3:Need More Trading Ideas? Buy Dow Jones Market Crash Before i continue to share this education with you i have a confession.I wanted to recommend buying apple stock and honestly buying Apple stock NASDAQ:AAPL will be a buy. But i also want you to see the big picture.You see i want you to learn. Because when you master this then it will protect you against the bad actors we have in the financial markets They are too many bad actors in th financial markets. You may be thinking, “Why is learning about the Dow Jones Important?” Because once you learn about the big picture then you will be better prepared to pick the right trading opportunities. The strategy which is called the rocket booster strategy has 3 Steps: • The price has to be above the 50 MA • The price has to be above the 200 MA • The price has to gap up in a trend If you have another strategy to learn or develop then you can do that.If you want t understand the “Cap and handle pattern” This strategy will guide you. Rocket boost this content, to learn more read : "The 3 Easy Ways To Buy Apple Stock" below Disclaimer: Trading is risky please learn risk management and profit taking strategies because you will lose money whether you like it or not.
TVC:DJILong
by lubosi