US30 trade ideas
Dow...As said in the attached study its all the way down from 34977 (Monthly bearish level..
We are ultimately heading to sub 33000 levels
Levels marked...
Enjoy
DOW JONES FUTURES CHART ANALYSISThis is just a brief idea of what could happen in the week. If any positive news from the FED, the markets could take a nice bullish reversal.
Don't carry any short positions just yet. Because shorting from here has very less risk-reward ratio. The harmonics work better when the RSI also concurs. The bullish ABCD pattern when the RSI indicating undervaluation.
Happy trading :)
This is just for educational purposes.
DJI Chart
22nd Sept is an important date for trend change.
If it break that level then massive selling.
If it sustain, we can see upward move.
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Do Your Own Research on Company fundamentals to get a good idea and its future potential.
Dowjones going towards 36078The resent pattern formation of Dowjones looks to be making a Flag formation and a rising flag.
I am of belief that this will make 3-3-3-3-3 zig zag movements in this flag.
3 days ago, if Dowjones have not closed above the bottom trendline, then i would have thought of this as a diverging broadening pattern.
But closing above the bottom trendline comfortably is the confirmation that this is a FLAG pattern and that DJIA can move upto 36078 before gain falling to meet to lower trendline.
Traders, should wait for a dip of 300-500 points and then go for long to meet 36078.
trading view on dowjones for today(TRADE ON YOUR OWN RISK)see above view is completly my personal view so do your own study and then trade if had any loses then its on your own, not my fault.
LOOKS LIKE FED IS GOING TO GIVE SOME KIND OF GOOD NEWS WITH TAPPERING.IT MAY KEEP INTREST RATE SAME OR IT MAY TELL FIX DATE TO TAPPERING.
SO DOW LOOKS BULLISH FROM HERE IF IT BREAKS THE HIGH GO LONG.
IF HAD LOSE DONT BALME ME
US30 (1M)The price has a chance to recover and can rise further.
trading
Look at the key support and resistance levels.