US30 trade ideas
DJI, Bullish reversal signalsOn Oct1, $DJI made a bullish candle on good volume right on the lower median line(support line) of pitchfork. Also a number of indicators are showing bullish divergence. All this points to a bullish reversal.
**I will be posting ideas for my own journal-ing and learning sake and to hopefully spark up educational discussions. Please do not construe them as recommendations as I am just an amateur here to learn :)
Dow...As said in the attached study its all the way down from 34977 (Monthly bearish level..
We are ultimately heading to sub 33000 levels
Levels marked...
Enjoy
DOW JONES FUTURES CHART ANALYSISThis is just a brief idea of what could happen in the week. If any positive news from the FED, the markets could take a nice bullish reversal.
Don't carry any short positions just yet. Because shorting from here has very less risk-reward ratio. The harmonics work better when the RSI also concurs. The bullish ABCD pattern when the RSI indicating undervaluation.
Happy trading :)
This is just for educational purposes.