DJIA : First Lower High Lower Low after 38740 breakDJIA will halt it's uptrend and make First Lower High Lower Low after 38740 level breaks.
Then 38438, 37919 will be seen.
If level 37550 broken then whole uptrend will be upside down.
watch carefully A profit booking by Trend Investor may close all/max. long positions.
US30 trade ideas
US 30 Trade Idea Setup - Dow has been moving impulsively for the past months
- The important outlook here is that the trend is slowing down and one rebalancing is needed
- You can keep longing as long as Dow doesn't invalidate 38,900 post that you still need a confirmation
- Calling the TOP out here is stupidity
- follow the trend and long whenever you see deep retracements
Dow jones US 30 ready for fall , avoid any buying On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
DJI : Head and Shoulder pattern is buildingFor educational purpose
A head and shoulders pattern has four components:
1. After long bullish trends, the price rises to a peak and subsequently declines to form a trough.
2. The price rises again to form a second high substantially above the initial peak and declines again.
3. The price rises a third time, but only to the first peak level, before declining again.
The neckline, drawn at the two troughs or peaks (inverse)
4. After breakdown the neckline with strong volume is the right sign of trend reversal for time duration in which this H&S pattern is building.
5. Check RSI in 1st Peak makes a high, but in 2nd makes lower high, in 3rd another lower high will confirm the trend is not in position sustain it's momentum.
Minimum target of this pattern is the distance between the neckline point to highest point of the Head (Peak) in a straight line in no. of points. the same point will be deducted from the point where this neckline breaks to downward.
DJI is in process of making Head & Shoulder Pattern in HOURLY timeframe
If DJI Break Down Below 38110 then it may touch below levels
Level 1 37650
Level 2 37150
All above assumptions goes wrong If DJI closes above 38555 then a very fast upside will be witnessed double upside.
DJI is showing Convergence IN RSI so it means very likely it may touch aforesaid levels
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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US 30/ Dow Jones 1D Trade Setup - The US Index is currently trading on its All-Time High
- From a Trade Perspective, I would like to wait and watch out what the FED delivers in the FOMC statement
- The rate-cut bets are now fading away and making it look tough for traders that the FED will cut rates
- Inflation is currently sitting at 3.4%
- Cutting rates fundamentally doesn't look feasible as long as the FED doesn't achieve its target of 2%. We can see a mid-cool-off when FED achieves 2.5% once cut and maybe aggressive hikes post that along with some pause
- From a Trading Perspective, I would like to wait for a liquidity grab and then execute orders depending on the price action
- The inefficiencies currently look a little untapped, once the price taps it, I will start looking for longs
- DOL on this still needs to be tapped before you look for long
- Shorts on a scalp basis are preferable but don't swing short in a bull market
Dow jones falling started we get 800 points on current upmoveOn Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
DOW jones US 30 ready for big upside move On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Dow Jones - Time for Reversal?After rallying steep for about 10 weeks, Dow Jones currently trading at 37,400 levels.
Dow Jones is currently trading within a narrow range of 400 points between 37,300 & 37,700.
37,500-37,700 is now an important resistance zone & Dow Jones must break 37,700 to move further up.
On breaking and closing below 37,200 level, Dow Jones can test 36,200 and 35,500 levels.
Short position can be taken below 37,200 for targets 36,200 and 35,500 with SL 37,550.