The Great Depression in an historical perspective.Just a screen to show how in-consequential the great depression looks as per todays market, and how much the markets have grown from then.
US30 trade ideas
Us30Price has been rsnging inside a bullish pattern...now price came from support using bullsh reversal patterns it pushed back up and now continues forming more and more bullish continuation patterns..so I'm riding it till price highest high
US30 - Markets Getting Ready for Corrections
Market as a whole is in All Time High (ATH) zones and due for a correction soon. This can be evident from Warren Buffet selling majority of their stakes in companies and holding over $300bn in cash. Dollar is also in a very strong Bullish momentum which overweighs other pairs and commodities.
From technical analysis point of view, Impulsive Wave 5 is nearing completion and we can expect a possible reversal to below level once MA200 is also in touching distance. Please note this a medium term approach and can change depending on macro factors.
For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management.
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Disclaimer: This content is for educational purposes only and should not be considered financial advice.
DOW JONES 4H Golden Cross extending the rally.Dow Jones (DJI) gave us an excellent pre-election buy signal (October 29, see chart below) as it bottomed on the 0.5 Fibonacci retracement level and just below the 1D MA50 (red trend-line), in similar fashion as the September 11 Low, which then rallied to the 1.236 Fib extension:
As you can see, we hit our 44000 Target, which was again the 1.236 Fib ext, but a new bullish possibility emerges. The 4H RSI is about to turn bearish (below 45.00) after being overbought (above 70.00) for 7 days. Last time this happened was on August 22, the fractals are virtually identical. During that time, the price made a Higher Low and continued to peak after a +8.30% rise in total.
After another 0.5 Fib correction, the next Bullish Leg if the 3-month Channel Up was also +8.30%, indicating that there is high symmetry between the Legs of this pattern. Notice also the presence of a 4H Golden Cross both on the current as well as on the August Leg.
As a result, since we still have some distance before completing a +8.30% Bullish Leg increase, we go long again as long as the 4H MA50 (blue trend-line) holds, targeting 45000.
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Bullish us30 Initial setup before market open is a w pattern formed looking to retest the neckline and the parallel trendline and give a good close above the long moving average to buy
DOW JONES Short term signal for fast profit.Dow Jones pulled back from Monday's high but the price action started to reverse today.
As long as the MA50 (4h) holds, we expect a quick rebound (at least) like the ones after the October 16th and September 18th pull backs.
Those rebounds gave rallies of +1.57% and 1.79% respectively.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 44450 (+1.57%).
Tips:
1. The RSI (4h) is also showing a temporary bottom similar to October 16th and September 18th.
Please like, follow and comment!!
Notes:
Past trading plan:
Bearish drop off 50% Fibonacci resistance?DJ30 has reacted off the resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could drop from this level to our take profit.
Entry: 44,214.96
Why we like it:
There is a pullback resistance level that aligns with the 50% Fibonacci retracement.
Stop loss: 44,550.95
Why we like it:
There is a pullback resistance level.
Take profit: 43,642.87
Why we like it:
There is a pullback support level that aligns with the 161.8% Fibonacci extension.
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Short trade
2nd trade:
Sellside trade
Tue 12th
NY Session PM
Entry 44037.2
Profit level 43845.7 (0.43%)
Stop level 44065.3 (0.06%)
RR 6.81
Weekly Forex Outlook Sun.Nov.10.2024 - Fri.Nov.15.2024Like and Comments would be appreciated :D Not Financial Advice, Just my outlook/opinion
PREPARE TO FILL YOUR BANK WITH US30 BEAST!!!🚨Dow30 High Probability SELL Setup SOON 🚨
* Here We Can See Clearly The Next Potential Moves For US30 In Coming Hours/Days.
* Here We Can See Clearly Dow Jones Is Forming Head & Shoulder Reversal Pattern.
* Keep A Close Eye On Your Trading Positions.
* Happy PIP Hunting Traders.
* FXKILLA *
US30 SET UPDow Jones (US30) is Falling towards a Pullback support and could potentially bounce off this level to climb higher.
NEW IDEA FOR DOW By examining the trend in the four-hour time frame, the Dow Jones Index has an important support range in the range of 43,582-43,662, and provided that no four-hour candlestick closes below the aforementioned support range are maintained and recorded, the price may increase to a high resistance level in the range of 45056.
US30 is showing upward signsus30 has taken correction and tested previous resistance and knowing showing bullish signs, good chance for buying at current levels with a stop loss just below the previous support
DOW/US30 - WHAT SHOULD WE DO?Team, last night we successfully short the DOW/US30 - hit both target more than 300 points
Another 3 hours, we are shorting DOW/US30 again at 44186-44232 ranges
with STOP Loss at 44432
Target 1 at 44132-18 - Once the first target hit, bring STOP LOSS to BE
Target 2 at 44096-86
Target 3 at 440.32-54
Bearish drop?US30 is breaking out of the pivot and could potentially drop to the 1st support which is slightly below the 38.2% Fibonacci retracement.
Pivot: 43,901.47
1st Support: 43,331.19
1st Resistance: 44,528.35
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1-hr US 30: Buyers Are in Control
The US30 index is currently displaying significant bullish momentum, highlighted by the formation of a Golden Cross, where the 20-day moving average (MA) has crossed above the 60-day MA. This technical pattern is widely regarded as a strong upward signal, often indicating the potential for continued price gains. However, after reaching new highs earlier this week, the index is now experiencing a correction phase, with the price pulling back to test the immediate support level at the 23% Fibonacci retracement. This zone may serve as a key short-term support, yet profit-taking by traders could exert additional selling pressure, potentially driving the index further down. A deeper correction might see prices testing the 38% Fibonacci retracement at 43,430 or even extending to the 50% retracement level near 43,100. From a risk management standpoint, these lower levels offer more attractive and safer entry points for long positions, as they align with stronger technical support and provide a better risk-reward profile for traders looking to capitalize on the broader bullish trend.
Upcoming Prediction for Dow Jones Somewhat new but slowly getting the grasp of things I think.
8H, 1D, 1W have upcoming resistance in forecast already starting to show signs of resistance. But looking like a movement to grab liquidity.
Gimme advice if you see something , open minded to hear
BLACKBULL:US30
US30 SELL NOWUS30 have been on uptrend while leaving a gap down the sell side liquidity which will get filled am looking forward to see price take out the fvg zone at 43,820 for an aggressive or massive drop down to fill the gap and sweep liquidity below
MY GOAL TARGET IS 41,886
Bearish scalp us30Price is now below the long moving average also broke of of both bullish trendlines a re test of the long trendline we can try a sell to the previous day's low
US30 Hits New High, Eyes Further UpsideHello,
BLACKBULL:US30 has reached a new high and may now test the 1W pivot point and support structure. However, further upside movement is still anticipated!
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
Short trade
1Hr Tf overview
1min TF Observation (RSI)
Sellside trade
Mon 10th Nov 24
Pair US30USD
NY Session PM
Noon (NY time)
Entry 44071.0
Profit level 43914.9 (0.35%)
Stop level 44099.7 (0.07%)
RR 5.44
Reason for entry: monitoring 1min TF
for entry with RSI indicator
for directional bias.
