Amid fear of Inflation and rate hikes Dow has actually performed very well ignoring last to last hawkish commentary of FED.
Well we focus on price only and my algorithm has churned out some important levels for the month of Dec 2022.
I have marked those levels on the chart for ur perusal..
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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.
Us30 dow jones buy @ 32603
Stop loss 32063
Trade based on pure price action and breakout of last resistance in hours 4 candle
And level 33080 is broken so we are opening a buy trade
Please support me if you like my idea and like my idea please urs support motivate me
Dow Jones rallied nicely in last 3-4 trading sessions..
Dow Jones waiting for direction as per Fed rate hike news...
In any adverse news identified support levels.
32168 is a very good supp. below that we can see more red on Dow.
30 took buyside liquidity. in the weekly range we can see a bearish order block price has ran back into. also we are in a premium ( over sold ) markets. this gives me confluence to sell for the week thank you.