us 30 breakdown high possibilityplease put sl above black line for the target of blue line will explain below.
US30 trade ideas
US100on H1, US100 gives us a bullish continuation that indicates that bearish are no longer in control so we have to look for the buyers after the breakout.
US30on H1,US30 gives us a bearish continuation that indicates that bullish are no longer in control so we have to look for the seller after the breakout.
Island Reversal candlestick pattern Dow has created Island reversal Candle stick pattern on its daily charts. This pattern suggest that the down trend will continue and bulls are trapped. As mentioned in the previous tutorials, 34100 is extremely crucial level for Dow . Closing below this may form a head and shoulder trend reversal pattern which will be much more worse than this pattern.
Closing above 35250 will make this pattern void.
Bullish on Dow Jones, may turn out good for intradayIt may turn out to be good long trade from here, for intraday
Dow @ critical levels.FOR EDUCATIONAL PURPOSE ONLY!
This is a daily chart of Dow . It has taken a support exactly at its daily support trendline (blue). From last several months, Dow has been trading in a range on weekly charts which can be seen in pink lines. On weekly charts Dow has made a flag and pole pattern and either it takes support at this level or may give break down. If it gives break down then it will be a bad signal for entire markets around the world. Break down on a weekly chart means begining of a down trend in Dow and eventually markets around the world would break down. 33682 is a very import support for Dow and if it starts to trade below that, keep a very strick SL of your portfolio on Daily charts .
dow jones has entered bear setupAfter a proper retracement dow is now ready for the down leg. RR is 1:2
Dowjones US30 - Important Levels....Dow jones index is well under pressure.
Will find resistance near 35256.
Bullish bias only and only if closes above 35757.
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DOW Chart snap short viewDJ chart snap shot
Support need to be found at 61.8% as shown in the chart and at horizontal line.
RSI approaching oversold on daily.
If crash get vertical to break retracement 61.8% and horizontal line then expect down retracement as shown.
Hope to find support at horizontal line
#dowjonesindustrial For a New high Dow closing above level 35683 and if sustain we can say that it can move further for target of 42240 while following below levels and considering it Support and Resistance.
Level 1 35683
Level 2 37960
Level 3 40448
Final Level 42240
Support Level
Level 1 35084
Level 2 33562