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.
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.
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.
As I had been saying All Along............ The Dow Jones and the SnP are Rallying with a Vengence into the Year End. Given are the only 2 AREAS of SUPPLY for the Dow and above which We RALLY HARD
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.
![US30: US30 Short [Daily Swing]](https://s3.tradingview.com/c/CtzvJVfl_mid.png "US30 Short [Daily Swing]")
