US30 long=44146 sl=44020 tp=44880
DDDow Jones Industrial Average Index
44,099.5USDR
−223.5−0.50%
As of today at 06:09 GMT
USD
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Dow Jones Industrial Average Index forum
US30 long=44146 sl=44020 tp=44880
US30 Switching to the 4-Hour, it is in Bearish (directional) Market Bias. The path of least resistance is to go down.
At the Sunday Market Open, a Falling Windown (also called a Gap Down) formed. To fill this properly, a candle would need to close at 44,280 or higher in price. A Gap Down has strong forces of Resistance to keep the market moving below if it not closed.
Also, a S&R Zone formed above the Gap Down, adding another layer of potential resistance for the bulls.
Let's see how this plays out if the bulls will attempt to close the Gap and rise above the S&R Zone OR take the easier route for the bears to breach the Swing Low of 44,400 and go through the S&R Zone below that.
At the Sunday Market Open, a Falling Windown (also called a Gap Down) formed. To fill this properly, a candle would need to close at 44,280 or higher in price. A Gap Down has strong forces of Resistance to keep the market moving below if it not closed.
Also, a S&R Zone formed above the Gap Down, adding another layer of potential resistance for the bulls.
Let's see how this plays out if the bulls will attempt to close the Gap and rise above the S&R Zone OR take the easier route for the bears to breach the Swing Low of 44,400 and go through the S&R Zone below that.
US30 On the Daily that is in Bullish (directional) Market bias, a Gap Down formed with the bears attempting a breakout at the low of the Inside Day at 44,126.
With a true breakout from the Inside Day, the bears can drop more to form the 4th and last leg of the giant M-shaped pattern that is typically a long bearish trend.
Through Mean Reversion, the move downward can be towards 43,807 (and potentially further), then back up again because the Daily is still in Bullish Market Bias.
With a true breakout from the Inside Day, the bears can drop more to form the 4th and last leg of the giant M-shaped pattern that is typically a long bearish trend.
Through Mean Reversion, the move downward can be towards 43,807 (and potentially further), then back up again because the Daily is still in Bullish Market Bias.
DJI I'm thinking more bearish for the week but news could turn the table around real quick what do you guys think ?
US30 Here comes the TACO man againn with tarrifssss
US30 Dow never ceases to underperform the other indices
US30 looks now its come the brother of lord, mrs baba, that is preaching that we the same are posting here
US30 lol minds and small minded egos that post here everyday. It is just........sad yet funny to stop by and see once a week. The same people posting the same things. it's just sad.
US30 preach lord, what are you doing here, did your wife left you, you areon the charts bro 24h, go enjoy your life
US30F learn to hold your trades can’t be taking a new trade every day…