Dow JonesMost of the indexes worldwide behave in similar manner most of the time.
Price is trending in an upward channel and now it is at support.
34520 - 34600 is a crucial zone in deciding the direction.
If price took support, then we can expect it to move towards 34680, 34760 and 34820.
If price gains bearish strength, then it will fall towards 34460 and 34360.
Price will pick the direction and the trader will follow it. What type of trader are you?
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US30 trade ideas
Daily close Stop loss 31633 with a target of 38402BULLS !! Are we ready to climb the wall of worries. Daily close Stop loss 31633 with a target of 38402.
2023/08/25 US30 2H Chart!I hope everything is clear from my picture.
Risk to reward look nice
Type: Day trade
Risk 1%
The analysis is provided for educational purposes only and does not constitute financial advice.
Please be aware of the potential risk of loss before making your own trading decision.
DJI AnalysisDJI technically downtrend
Analysis 1
DJI doesn't break the DAY and 1HR Trend line.
seems sell retracement.
once cross down and sustain 33500 means the fall down to 33350.... 33350 to 33200 is demand zone...if the demand zone invalided means the price fall down to 33000...
(a) sell stop risk entry 33600 safe entry 33450
targets 33350/33250/33150/33050
buy stop 33800.
Analysis 2
DJI breaks the trend line and sustain means.
Rally continues up to 34300.
there will be a 2 Supply zones.
1st Supply zone 33950 to 34050
2nd Supply zone 34160 to 34250
(b) buy stop risk entry 33820... Safe entry also same but after retracement from the trend line
targets 33950/34050/34150/34250/34320/34500
Stop loss 33650.