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
Expected to be in wave 4 formation within wave 3 and expecting a decline in DJI in wave 4 before any further high to complete wave 5 within wave 3.
it is taking pull back nicely and expecting price will move up in coming session
Dow Jones Average Tomorrow views- Expected to be in wave 3 formation and expecting a small decline before DJI resumes to rally further high to complete wave 3. Overall expect DJI to trade higher.
You got to short it after we got some solid rejection on 15 min timeframe from the top most supply zone. SL above the zone. 1st tager- 34722.12 and 2nd target- 34612.54
Though overall is still bearish but we will experience a bullish momentum in price this week for the hunt for sellers before price continues below.
Dow did react from POI Dow currently is looking super bullish Wait for a retracement before entering longs.
us30 is approaching a major resistance zone. we can either plan a short trade with bearish price action at resistance or we can a long trade after the break of resistance level targeting next resistance
For the last 12 months, the index has been moving in a parallel channel. This time came to the lower levels. Today gave a bounce back from the desired level. If momentum continues, the first target should be 33600. Setup fails if breaches the lower levels of the parallel channel. It is only for learning and sharing purposes, not a bit of trading advice in any...
Overall Bearish PA on US30. Retesting Daily AOI and previous structure for a continuation of the move downwards. Continuation of previous anticipated entry on US30.
Potential US30 Short if $ shows bearishness near the 32590 area. A deeper retest can also be possible, entry could possibly shift upwards. HTF confluences are good, bearish movement and break of structure on the 15/30M could indicate a possible entry.
it is taking a support at previous rejection and expecting a nice rally from current price
According to weekly candle, dow jones reach below 35011, first it will reach 33944 and it sustain below further it will reach 32877 in coming day's