US30USD YM1! DOW 2022 JULY 18 Week
US30USD YM1! DOW 2022 JULY 18 Week
Last week, rotation strategy worked well again. Point to note for Dow, unlike
NASDAQ and SNP, we didn't see bullish volume returning.
So we will still adopt the rotation strategy.
Also with minor strength on Weekly tf, we can also look for long oppportunity
on retracement.
Possible scenarios:
2) Market rotation = trade at boundary of range
3) Behavior change scenario
4) Trend continuation - channel boundary trades
Price reaction levels
Short on Test and Reject | Long on Test and Accept
32563 31867
30406 29639 26212
Weekly: Ave vol down bar close toward high = minor strength
Daily: Ave vol u bar close at high = minor strength
H4: Very high vol narrow spread up bar close off high
followed by ave vol tiny spread up bar = weakness
Remember to like and follow if you find this useful.
Have a profitable week ahead.
US WALL ST 30
US30Like we predicated this is not our father's house. So your SL should have protected you and kept you at least 1% up. We keep watching and waiting
US30USD YM1! DOW 2022 JULY 11 Week
US30USD YM1! DOW 2022 JULY 11 Week
Last week, rotation support long was good. 3 TF analysis is displaying weakness.
We should be expecting lower prices temporarily.
I'm keeping the existing scenario plan from last week.
Possible scenarios:
1) Channel resistance / rotational resistance = short
2) Market rotation = trade at boundary of range
3) Behavior change senario
4) Trend continuation - channel boundary trades
Price reaction levels
Short on Test and Reject | Long on Test and Accept
32563 31867
30406 29639 26212
Weekly: Low volume up bar close off high = minor weakness
Daily: Ave vol up bar close toward low = weakness
H4: Very high vol up bar close off high toward middle + level close in background
= weakness
Remember to like and follow if you find this useful.
Have a profitable week ahead.
One little deal right now This is one of the small trades I have now taken without reversal, hope you like it. Thanks
US30 l DAILY l OUTLOOKUS30 saw a major bearish downtrend from June 9nd / June 17th.
1. Major zones / previous all time highs
- 29600 touched on June 17th
- 30100 touched multiple times bouncing
between 29600-30100
- 30650 acting as major support / resistance
2. Currently support and demand zones 30430 - 30900. Sitting between major zone 30650.
3. Saw rejection off MA200 which would a change from bearish to bullish.
4. BOS at 31500
US30USD YM1! DOW 2022 JULY 04 Week
US30USD YM1! DOW 2022 JULY 04 Week
Scenario1 short last week was good.
Market did not reach bottom of channel, temporary return of strength
Possible scenarios:
1) Channel resistance = short
2) Market rotation = trade at boundary of range
3) Behavior change senario
4) Trend continuation - channel boundary trades
Price reaction levels
Short on Test and Reject | Long on Test and Accept
32563 31867
30406 29639 26212
Weekly: Ave volume down bar close in middle = indecisive
Daily: Ave vol up bar close at high = minor strength
H4: Ave vol up bar close off high = weakness
Remember to like and follow if you find this useful.
Have a profitable week ahead.
US30 Buys setup going into new monthUS30 setup going into London and NY opening, I see move up after a consolidation area that we have but although we have to keep in mind about all the scenario.
Please mind that it's end of month we may not see any major move until start of the new monthly candle
This is only for educational purposes, risky management is key trade safe and looking forward to slaughtering.
Do not miss this beautiful sell opportunity on US30!US30 (Dow Jones) Sell from the broken trendline.
The index violated the rising trendline and now we see it trading below it and also trading below the horizontal key level that was respected several times in the past. I expect the market to fall from this levels to 30473.
Please like and comment.
US30 30 min breaks June 27Follow the 30 minute breaks of support and resistance , this is a scalping strategy created by Edwin Gonzalez. I have no bias on the market as I create the chart I trade what I see and react to it. Simple explanation of the strategy is to look at the 30 minute chart look at the direction where the candle closes above or below the line , take the trade on that direction. I cant stress this enough , this is a scalping strategy as soon as I see blue I put my SL in profits. Rinse and Repeat.
*** I update my charts every night and in the morning to confirm the S And R ***
-The strategy is for the 30 minute chart.
-Edwin usually sends over the charts already marked up.
-The Support and resistance lines are based off of the 1D, 4H, and 1H charts.
-This is a market structure strategy so you'll want to make your trade decisions based on how the market is trending and using the S/R lines provided.
Comment Below if you have any questions or input about the strategy. OANDA:US30USD OANDA:US30USD
US30USD YM1! DOW 2022 JUNE 27 Week
US30USD YM1! DOW 2022 JUNE 27 Week
Scenario2 channel & 29639 support provided long opportunity last week.
Daily TF cautioned of possible trap for long. If Weekly TF reveral pattern is to exert
influence, would prefer then a long on retracement when price finds support at
lower levels.
Possible scenarios:
1) Channel resistance + test of previous breakdown area - will short if resisted
2) test of 30683 / 30100 and if supported = long.
Price reaction levels
Short on Test and Reject | Long on Test and Accept
32563 31299 30999
30157 29639 26212
Weekly: Ave vol up bar close at high = minor strength (and reversal pattern)
Daily: Low vol up bar close at high = Caution, may be trap for long
H4: Ave vol up bar close off high = weakness
Remember to like and follow if you find this useful.
Have a profitable week ahead.
US30 30 min breaks June 24Follow the 30 minute breaks of support and resistance , this is a scalping strategy created by Edwin Gonzalez. I have no bias on the market as I create the chart I trade what I see and react to it. Simple explanation of the strategy is to look at the 30 minute chart look at the direction where the candle closes above or below the line , take the trade on that direction. I cant stress this enough , this is a scalping strategy as soon as I see blue I put my SL in profits. Rinse and Repeat.
*** I update my charts every night and in the morning to confirm the S And R ***
-The strategy is for the 30 minute chart.
-Edwin usually sends over the charts already marked up.
-The Support and resistance lines are based off of the 1D, 4H, and 1H charts.
-This is a market structure strategy so you'll want to make your trade decisions based on how the market is trending and using the S/R lines provided.
Comment Below if you have any questions or input about the strategy. OANDA:US30USD
US30| Bears exhausted to push price lower. Expect reversal!Hello traders,
Let's examine the technical aspect of US30. In the beginning of June, we saw US30 dropping hard and eventually broke below the May 2022 low. Instead of bears keeping the momentum to the downside, the market corrected for about two weeks. Looking at the correction there are some details I spotted that may signal bears exhaustion. The market printed a lower low, another lower low and after that bears couldn't be able to push price lower, instead the market created a lower high which of course tells that bears lack sufficient strength to keep up with the momentum. This correction is a typical inverse head and shoulders pattern. I expect the market to rally to the upside with goal of 33000.
Please support this idea with likes. If you have any suggestion or question feel free to share this in the comment section below.