Us30short
US30 - weeklyFor the Dow jones industrial average November had been a great month where we saw a rally from 32600 level, now finally the price has reached near the zone of 36600 to 37000 which is a resistance for the price, also the price is extended without any corrections, so we can expect a fall from this zone. This is not a financial advice, do your own research before placing any trades.
US30 - 1H PROJECTIONDISCLAIMER: The Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex implies dangers, and you can lose all your venture ; consequently, you exclusively must take a chance.
US30 1H SELLDISCLAIMER: The Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex implies dangers, and you can lose all your venture ; consequently, you exclusively must take a chance.
Elliotical Approach to US30 Short.Hello traders!
1. We see a 5-wave descent of US30 market. This is the beginning of the downtrend that has been expected since our first analysis on 9th January . Ideas attached.
2. The invalidation level is very far. If someone hasn't taken the initial trade on 16th January, best wait for a trade with a better risk reward. Those already in this trade since 16th Jaunuary could risk some for a larger profit. Extensive risk management advised as the protective stop will be very far.
3. At present, there are two variations in count that seem possible. The ABC correction that we see can be wave A of Wave (i) or Wave (ii) itself. More unfolding of the markets required.
4. We have an important resistance zone at 33400-33500 .
5. There is a 38.2 percent retracement level.
6. Even though the market is bearish, we can expect a longer, more complex correction because the market has shown a quick fall of over 1300 points. But, at the same time, not a very deep correction as the bulls have already pushed the market enough for a long time now.
7. Use of Elliotically correct protective stops is advised.
Do use proper risk management.
Happy Trading!
Profits,
Market's Mechanic.
Elliotical Approach to US30 Short.Hello Traders!
1. The US30 market is on the verge of completing its 2nd wave of Wave C of the complex correction as originally published in a prior idea (link attached).
2. We see an ending diagonal forming in the 1hr tf at the moment.
3. Also, wave 4 often divides an impulse into harmonic ratios. There can be that possibility with the division of 61.8% and 38.2% (total 100%). We take this possibility into picture because we also have the retracement level of 78.6% of wave 1 at almost the same level.
4. What is an invalidation level ? It is the level at which are analysis will have been wronged. So, in this case, if US30 market goes above 34950, our analysis will be wronged and we will have to look for a new picture. That's how accurate Elliot Wave Theory is!
5. Clearer targets will be available when we have a clear impulse down.
Do use proper risk management.
Happy Trading!
Profits,
Market's Mechanic.
My Elliotical Approach to US30 Short.On the daily TF, I see a complex correction in the form of WXY. According to guidelines, the expected target of a C wave is 161.8% of A wave of an expanded flat. The same expanded flat is expected in the Y wave. That sets the target of C wave at 25500 which also happens to be 61.8% of the prior bull wave. We do still have to wait for confirmation of the wave 2 of C wave. Happy trading!
US30 Trading Plan - 16/Nov/2022Hello Traders,
Hope you all are doing good!!
I expect US30 to go DOWN after finishing this correction.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
US30 Trading Plan - 03/Jul/2022Hello Traders,
Hope you all are doing good!!
I expect US30 to go DOWN after finishing this correction.
Look for your SELL setups.
*This BUY is risky and I am biased only for short term upside, if you dont know how to manage your trade, dont take the risk now and wait for it to break the last low for HPB .
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
US30 ShortsAfter this heights, It's losing the momentum and more institutions shorts and news affecting it. Expecting lows by end of the week.