DJI trade ideas
Will Dow Jones turn bullish?On daily down first broke the downward trend line, then tested it & formed equal lows there. Whereas on hourly it is showing signs of a shift in market structure, it has already given a BOS & has formed its first HH & HL pattern. If it gives a 2nd BOS & forms another HH & HL then it will become buy on dips for the near term.
US30 SHORT TRADEsupply zone for us 30
trend :uptrend
supply: 1 hr supply
trade idea :short
(trend is against short trade falls in to aggressive setup)
US30 Buyers be ready we are gonna see very big upmove soonUS30 Buyers be ready we are gonna see very big upmove soon
DJIA - Still Bullish on Quarterly Chart - For Positional Players
1) TVC:DJI is taking support of 20 EMA on a 3M timeframe. Still Dec 2022 has 10 more trading sessions and I would eagerly wait to see where the monthly candle closes
2) RSI sort of made a double bottom and has started rising approaching the SMA. If it crosses the trend lines marked, expect a sharp bounce or sort of a breakout in Dow Jones.
3) Also please ignore the trend lines on the chart itself or WTF TL as those are my markings on small timeframes :-)
Let's see how the story develops. Best wishes!
Disclaimer -
- The opinions expressed here are my own. This is for my own records as well as what I see on charts.
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TIA!
Dow Jones -Daily analayis - US 30 CMP 33300$ Short for Target Dow Jones -Daily analayis - US 30 CMP 33300$
Short for Target 32550- 31920- 31100- 30370- 29200+28700++
SL 35000