Dj30
DJ30 Dowjones US30Cash LONG H1Market Structure: Downtrend Market
Area of Value: Support
Entry: Bullish candle on support
Exit if Right: 2 tranches, possible trend following
Exit if Wrong: Right below previous swing low
RRR: 1:3
Trying to catch quick rally, as there is a huge support that hasn't been broken before.
A simple strategy for low timeframesHello, good morning, I want to introduce a simple strategy to those who trade in low frame time.
For example, I'm on the Dow Jones chart for 5 minutes at a time frame
Take a closer look at this backtest
You must first find support and resistance levels
In the next neighbourhood, be patient until the price hits that level
Now wait for the first candle to form relatively independently of that surface
By independent candlestick, I mean to see a candlestick that starts to form without contact with the surface and closes in such a way that it does not come into contact with that surface again.
A candle that has no contact with the desired surface either at the beginning or at the endpoint.
We can now expect the price to move with the size of the independent candlestick length.
simply
To better understand, watch the image or ask a question after watching it.
I should mention that i always consider one unit of profit and one and a half units of loss
US30 NDSThere is no buyers moving in after fake rally against the market direction and I personally confused about the reaction of price to H+ levels but I think this H+ will fail finally and price goes to the end of symmetrical leg 3
Happy trading <3
Dowjones : Daily : we are in a downtrend (at least for now)Despite the bullish nature of us30, the downtrend is confirmed. It's probably temporary, but for now we'd better not risking on getting long and just focusing on short positions.
The drawn figure is just a scenario which has more than 50% probability and nothing more. In shorter timeframes I am looking for a suitable short entry situation. And if each one of Lower Highs are violated, this is no longer valid.
DJ30 long quick profit Here on the DJ30 it has crated consolidation and a double bottom I predict it will go up to the next resistance line.
Dow jones analysisThe analysis is based on weekly and daily time frames, the market surged after the strong comments from FED chairman Powel at the meeting of 17th March, the increased interest rate but Powel made people sure that the economy is strong enough and far from any recession.
But some big investors think their were some dark clouds on this meeting, hence this is the last chance for bears to take market back down to the monthly lows.
But if price got rejected from here we can even see a new high, but i've bearish bais until now because of the major geopolitical tensions which could be considered as fact.
Buy the Rumour, Sell the fact!
This is market commentary not a trade advice.
Good luck to all of the learners out there. Cheers!
DJ30 - Confirmed SHORT Signal on Hash Ribbons 2 Day The DJ30 (Dow Jones Industrial Average) Now has a Confirmed "SHORT" Signal on Hash Ribbons 2 Day Chart.
As shown in the chart, the last time this happened was in February 2020 when the markets crashed spectacularly. In previous charts I have spoken about the 1929 prop to the great recession and place the bars pattern as an overlay on my chart analysis. You can search for these on my profile. I have heavy on SHORTS right now.
US30 1h Price Action | Neutral | Long/Short breakout | TESTINGHello traders,
I'm forward testing some ideas for US30 on the 1h chart and live market conditions.
IDEA:
- breakout either long or short
- Stop Loss below previous line
- About 2.4 Risk/Reward
- TP adjusted according to support/resistance on higher timeframes (4h and Daily)
IMPORTANT:
By no means take this as something to copy, it's a forward test and it might turn out to be unprofitable.
That said it should be fun to watch how the trades unfold :)
Us30 After we scalp 400$ up , the use30 continued the downtrend, its targeting 33550
I think we have to give a good buy action at 33550 and go long to 37000 as minimum
DOW a decent correction comingWeekly RSI shows divergence. Market going to correction seasonality so everything lines up.
GOOD LUCK!