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Us30idea

Friday: US30 - Week 20I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action. ----------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- SMASH that follow button! 👍 💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you! RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
OANDA:US30USDLong
by INotFancy
2
Scenarios: US30 - Week 18Bigger Picture, framing the context: The structure is in an extended trend to the upside, and it looks exhausted. There's divergence on almost all timeframes on the MACD and volume indicator. A big correction to the downside is looming and can happen in the near future. Therefore I'll only look for short-term buy setups. Intra-day Pattern(s): We are making a complex flat structure, it's still unclear what kind of flat it is. But, nevertheless, it looks like a side-ways correction for 1 more up. Conclusion: Price is bullish, and I'm gonna look for short-term buy-setups --> short-term because of the indicators suggesting that buyers are tiring out, which the Bigger Picture analysis indicated. I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action. ----------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- SMASH that follow button! 👍 💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you! RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
OANDA:US30USDLong
by INotFancy
Looking for a nice long trade on US30Looking for the bullish momentum to continue once we can get some more orders flowing in the market. We need more suckers to push the market to a more attractive discount level and then we can buy it back and then sell it back to them at a MUCH higher price. HEHE #us30 #ikoncinvst #us30long “Buy when everyone else is selling and hold until everyone else is buying. That’s not just a catchy slogan. It’s the very essence of successful investing.” -J. Paul Getty
ULong
by ikonicinvst
4
Dow Jones for a much needed correction As you guys may be aware of, the stock market has a whole has been breaking all-time highs and setting records nearly every other day it seems. Besides the fact that the market is way overstretched and in need of a correction, there are many other technical factors that indicate that there will be heavy downwards movement. US30 has just closed with a daily bearish candle with substantial size in comparison to the last twelve candles that were either bullish or dojis. Through constant observation of the index, I've realized that a sharp downwards move usually follows after a large bearish daily candle closes near all time highs. Thanks to mass Euphoria and the bubble like state the market has been in, US30 has been able to trade above 31300 for the past 6 days. There has been a lot of indication of massive bearish pressure around these highs with these massive downwards wicks within these zones. The market seems to have topped around 31711 as it has pulled back more than 250 points after touching that price area. US30 has just broken out of a huge rising wedge on the four hour timeframe and is showing a huge bearish divergence on both the four hour and daily timeframe. As indicated by my projection tool, there are many gaps that need to be filled as well. There is also a lot of fundamental factors that may incite fear in these markets. Continuing rising Covid-19 cases/deaths with slow vaccine rollouts, unemployment rates, and more possible power outages may create mass panic, especially after investors may start to see the market beginning to retreat from these highs. This may be the beginning of a much needed 6%-7% correction to return to more logical levels. Ultimately I believe the this index will drop about 2000 points all the way to around 29426 before continuing upwards again. I am already in a few sell positions and I'll be setting my first targets around 30806 and second targets around 30122.
UShort
by StealPipsSal
3