The index has been traveling in a rising channel formation for the last year. This time it reaches the top edge of the channel. If doesn't sustain the above, a downward journey is possible. We just see our risk-reward. Keeping a stop-loss of around 36400 on a closing basis for two days. or according to one's risk management. target seems 35700 or more. The setup...
US30 is overall in a uptrend . It is currently sideways on 1hr tf . We can plan a long trade after the break of current one hour range targeting 36540.
The Dow Jones Industrial Average(DJIA) is a price-weighted average of 30 blue-chip prominent companies listed on stock exchanges in the United States and these stocks are generally the leaders in their industry.
For 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...
Two sharks at swap FL (RTM) with trendline resistance confluence. lets see how it react
DJI Intraday Prediction Levels for 29 Nov 2023 The chart indicates 15 min time frame. These Levels act as Support or Resistance according to price. They are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone or below the Support zone. Major Resistances- 35495,35555,35610,35640,35703,35780,35860,…. Major...
TVC:DJI at improtant support level 32806-33033 After getting resistance from Yearly camarilla H3 ( 3rd resistance reversal level of Camarilla Equation ) represented by YH3 on chart ,now TVC:DJI is trading at Yearly Central pivot Range (32806-33034) If get a weekly close below 32806 can see further downside toward 31450 (next swing low) and YL3 30867 ,...
Since bottom to bottom duration of bull markets from 1942 is almost same , this can be a case of expansion of 3rd cycle wave of 5th Supercycle.
Us30 is bullish right now and is approaching ATH. we can plan a long trade above the current resistance level after a daily candle close above resistance targeting next level.
below this horizontal line we can see some sell off ..
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...
As per the price pattern the trend is looking very strong and very soon we can expect a good bull trend again above 750+ levels. DJ on the way to new highs soon. Have a great trading year ahead.
Description: Embark on a lucrative journey with our latest Forex trade opportunity, a compelling Buy Trade on the US30 index, meticulously crafted through comprehensive technical analysis. The US30, often referred to as the Dow Jones Industrial Average, represents a basket of 30 major US companies, making it a prime target for astute traders seeking substantial...
AS we can see price is making Higher High (HH) & Lower Low (LL) AND came and tested the trend line multiple times and ones the Price sustain below the trend line then it will be a good rising wedge pattern also from last two days brent oil has been risen up so is that perfect timing to short dow jones #PRICEACTION
Expected to have completed wave 5 formation and the entire impulsive rally from the low of 32332 on oct 28 is complete and expecting a 3 swing correction against this rally. So expecting a decline.
Expected to have complete wave 3 formation and expecting a decline in wave 4 before any further highs to complete wave 5.
We can either plan a long trade at the third touch of trend with bullish confirmations or plan a short trade after the break of trend and then retest of trendline with bearish confirmations.
Overall structure for US30 is Bullish, according to strategy. Entry:- 34927-34906 SL:- 34900 TP1:- 34990 Final Target:- 35100