Dow Jones Index Cash CFD (USD) forum
US30 False Breakout:Look at the Hourly chart showing that after the long bearish drop for the breakout to the low of the Inside Day pattern at 37,996, the bulls are retracing back with a Morning Star to retest the pattern's low. That means that we had a false breakout from the Inside Day.
The bulls can rise more to retrace towards the high of the Inside Day (at 38,265) and further towards 38,400, which is low of the Inside Day pattern on the Daily. Along the way, the bullish thrust can potentially cross the Bearish Trendline (in red dotted line) to flip the market bias from bearish to bullish for change in direction.
US30 Little bounce from support zone (37800) & if it closes above 38000 then likely to hit 38400
DJI 37800 was expected, today's low 37830 now bracing for upside fingers crossed 🤞US30 Switching to the Daily, this BIG move was also predicted on April 11th when the very tall Double Inside Day showed up. As the candles consolidated within an Inside Day pattern, the bears rejected the pattern's high at 40,909 for a breakout and headed for 38,400, the pattern's low.
If we get a false breakout from the Inside Day pattern, the bulls will retrace back towards the pattern's low (at 38,400) and go up again. But if it's a true breakout, then more moves the downside and towards the Pivot Low of 36,480 to breach.
US30 The EXPLOSIVE Drop was predicted earlier from the two, back-to-back Double Inside Day patterns earlier. A retrace is coming.Two New Developments:
A Popgun pattern showed up before the BIG drop, which means that we'll see two more swings: one to the upside, then to the downside after this bear run is over. Popgun patterns create See-Saw consolidation moves.
Also, the Bearish Trendline (in red dotted line) was adjusted to be closer to price action. A retrace the the upside and some consolidation to the right of the trendline can flip the market bias from Bearish to Bullish for the more profitable moves to be bullish ones. This may play out during the After Hours.
US100 Bearish Scenario
The US100 index is displaying bearish characteristics, potentially driving price action towards the previous swing low liquidity level at $16,640.
The market may fill the Fair Value Gap (FVG) prior to further downside movement, targeting the liquidity level at $16,640.
Market Monitoring
We will continue to observe the US100's price dynamics and adjust our analysis accordingly.
US500 US30 
USDX
US30 37500, next stop....DJI 38600, if it manages to stay above this a good recovery is on it ways... possibly