Us30 Us30 is holding a good centeral level which is 41700. That level is highly important our forcast that price will jumb up to resistance at 43327 or closer then a retracement and continue its way to newly ATH . Target in analysis .
Dowlong
Dow to Consolidate and Move Down from HereYM (DOW 30), 4 Hour, Indicators: This is what I need to see turn to get confirmation on our short position up here. The 4 hour is still locked in "embedded" mode on the slow stochastic. My bet is that this is going to come off "embedded" and in the process swing back to the middle of the Bollinger band. . . if that happens, that would take us back to 39921 . . . there is your 300 points. Notice the resistance on the 4 hour from above . . . You also have the top of the BBs on the 4 hour up there. So, it makes sense that it would be a good place to sell off from. Obviously, our stop is back at B/E but, if we wanted too . . .beyond this 4 hour level would also be a good place for a stop. More downside for YM could develop if we bust through the 39900 level if this wedge gives out.
Channel Break To The Upside?US30, Daily failed to close below previous structure & we have a nice change of character on the 4H, I really want to see this channel break out to the upside, we have an unmitigated zone down in the lower demand (Which price could target before this move potentially happens just above the gap that's not completely filled yet)
Will be trading this in both directions on the LTF!
Let me know your thoughts!
* Disclaimer **
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
Waiting for confirmation...US30 - Waiting to see what price does, currently in a PRZ but looking like it's going to break that level and head up to the next supply zone, SPX looking bullish too (Failed to break the previous low), let's see, waiting for confirmations, ideally looking for sells today after the HTF BOS yesterday, if price breaks down and we get failed lows/breaks up rejects from current supply i'll be looking for buys too.
Let me know your thoughts!
* Disclaimer **
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
Bounce or breach the swing low?US30 - Looking for rejection from the demand zone close to the swing low tomorrow before a potential up-move.
If the swing low breaks we could continue down, but I really want to see a strong up-move first if price does continue down on the HTF, to clear that imbalance created at the beginning of this month!
Let me know your thoughts!
* Disclaimer **
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
Potential Crab Forming 🦀US30 - Potential Crab Forming, looking for a bullish push up to the 78.60 to wipe out liquidity before a potential sell off/downtrend continuation.
Let me know your thoughts!
* Disclaimer **
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
Potential Bat Almost Complete 🦇US30 - Bat almost complete, this is a retracement so be careful with your lots, but after the last BOS, the bullish dow and other confluences, I'm looking to swing this up to the Daily S/D which is a .886 pullback on the Daily TF, then i'll be looking for reversals as that area is a very nice looking PRZ.
* Disclaimer **
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
DOW JONES - A Bull Flag Presenting ItselfI have been watching this consolidation after nailing my short target. Having formed a nice triangle we can see that this is actually an flag, which would put the extrapolated move somewhere around $38K. We have nice buyer support with momentum to the upside. NFA, DYOR
Dow Jones DJIA Dow Jones #DJI is bouncing of the 200 DMA after Doji reversal candle.
Exit or reduce short positions!
Disclaimer!
I´m not a financial adviser. For educational purpose only!
You can use the information from the post to make your own trading decisions.
Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
E MINI dow jones LONG price is about to do a pullback on the resistance and the moving averages 209 and 369 period
price should do what is supposed to and then go on it's way.
pullback is probably is gonna be today at the opening of the market when volume is high
Bullish Daily PA & 🦈US30 - I'm expecting a bullish push today based on price action, currently sitting on a .786 retracement on the Daily.
I have multiple entries here both with a nice confluence of events at each sharks D point with plenty of imbalance to fill above.
If the daily low breaks I will start looking for shorts.
Let me know your thoughts!
DJI DOW JONES Bulls Have a lot of JUICE ; 40,000 by MAY 2021What people have not learned about the Bulls? They keep on COMING! Ever seen a cow studded by a man bull? Just watch out for the pointy end! But seriously, everyone doubts the dow. Might as well spell the next short "DOWnt" because Bulls are still in control of the weekly chart.
Take Profit May 2021
40,000
Dow Jones: C’mon speed up! 👀👀👀As things stand right now, the Dow Jones is still indecisive in the sense that the bulls on this market were not strong enough to push for new all-time highs. Most importantly, the Dow needs to cross the resistance at 35000 points in order to show us that the following movement towards 36401 points is in full effect. Once this mark is reached, we face another correction before moving towards 37281 points.
Stay positive!
BIG TECH EARNINGS - BULLISH NOVEMBERI believe we will have a very bullish November after big tech reports earnings.
I think Trump has a decent chance of winning which will cause stocks to rise.
To be honest, the selling off caught me off guard. I believe we are now in oversold territory.
I see a double bottom here.
COVID: I don't think the U.S will close because that will just be absolutely disastrous and I believe even the Democrats don't want that.
Long: AMZN, TSLA, BABA, SQ
Trend is your friend. Long DJITechnology grows at an exponential rate. If you don't understand then you'll be a bear.
Trend is your friend. V Shape Recovery in-tact.
Things to watch out for:
1) Breaks above pink lines means market has gone into exuberance like it did 2nd week of June.
2) Breaks below pink line means market is oversold and will have a large move upward.
Should be some kind of sell-off like the 2nd week of June.
Buy good stocks on dip.
Trump Said It... The BIG "V" (DJI)🤔 Will the stock market drop or fly high... Let's take a look!
What is the big V pattern and what does it represent? I want you to focus on the structural support that we have drawn out connecting the 3 green arrows bottoms. This is a very key level of support that we want to take very seriously! We are all aware of the massive market selloff that we had in early 2020. We found a major level of support around 18.5k and then rebounded to run up towards 27.5k. The big v can also be considered a cup pattern which is a bullish pattern to show that the bulls are in control as we continue to print higher lows. But, let's keep in mind that patterns can change and do not always go according to the textbook of what It represents.
Next let's look where our most valuable piece of historical structural data was developed at. I have circled it in red. You can see that this was an area during the selloff where we had some relevant form or an impulse to try and push the market back up. We want to correlate that piece of information with where price sits at now. As of now we have attempted to breach above that structural top where Resistance was at that ended up crashing the market back down. Their is a saying where old support and old resistance can do the opposite and act as the opposite later down the road. Support and Resistance is a very critical thing to understand when trading any market!
This is a 3 hour chart as I am taking a more aggressive approach to play a short here at 26,990. We are getting early signs of a Crossover from red candles developing to Crossover the green line below. We want to see it travel towards 26,919 as that is the level of the historical top to see if it acts as new major support to push the market higher. If I wanted to long the dow jones I would look to play the breakout of 27,451. I will be applying a stoploss here of 1.72% on this short. Risk management is also a very important concept to understand when trading the market, probably the most important!
If we break 26,919 next we will want to look to travel towards the cups green arrow major support level to see how that holds. Look for a textbook Crossover strategy play there or hold if the candles stay red and push through it.
The next level on the way down would be the 2 green levels I've drawn out in the range of 25,000-24,600 to see if that old Resistance acts as new support.
As of now let's not get carried away and not hink too far ahead. Let's play the current range and walk with it.
I hope that I've helped you learn something today! 😁
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We wish you the best and will stay updated on this one!
🥇MLT | MAJOR LEAGUE TRADER
Medium term uptrend on Dow JonesdowjonesThe index is on a symmetrical Channel Up on 4H (RSI = 55.713, MACD = 53.000). Given the overbought levels on both 5H & 1D (STOCH, STOCHRSI, Williams), I expect a pull back to 24,582 before reaching 24,996.70 again and 25,226.56 towards the end of the month. With a Higher High on 1D (Highs/Lows = 152.8571), I believe the long term downtrend came to an end. However, if 24,541.60 (EMA20/50) breaks, then the index will look for support at 24,035.92 (SMA200).
