Dow Jonex Index (US30): Top-Down Analysis & Trading Plan
https://www.tradingview.com/x/8ui9xUJV/
Dow Jones Index is testing a peculiar zone of confluence on a daily:
we see a perfect intersection between a horizontal support and 382 retracement
of the last bullish impulse.
Analyzing 4H time frame, I see a falling wedge pattern.
To catch a pullback with a confirmation, I suggest looking for a bullish breakout of the resistance of the wedge. 4H candle close above will confirm a violation.
A bullish continuation will be expected to 33970 / 34040 levels then.
Alternatively, a bearish breakout of the underlined blue zone will push the price lower.
❤️Please, support my work with like, thank you!❤️
Dow Jones Index is testing a peculiar zone of confluence on a daily:
we see a perfect intersection between a horizontal support and 382 retracement
of the last bullish impulse.
Analyzing 4H time frame, I see a falling wedge pattern.
To catch a pullback with a confirmation, I suggest looking for a bullish breakout of the resistance of the wedge. 4H candle close above will confirm a violation.
A bullish continuation will be expected to 33970 / 34040 levels then.
Alternatively, a bearish breakout of the underlined blue zone will push the price lower.
❤️Please, support my work with like, thank you!❤️
✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
관련 발행물
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.