Dow Jones,
The market is definitely moving on the sentiment right now, without a proper fundamental backing. The fear of trade war.
I am expecting we might see some rebound near 24250.
In summary, we might be late to short as we have potential rebound on the card.
Press "like" and Follow for accurate and free trade signals.
s0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
The market is definitely moving on the sentiment right now, without a proper fundamental backing. The fear of trade war.
I am expecting we might see some rebound near 24250.
In summary, we might be late to short as we have potential rebound on the card.
Press "like" and Follow for accurate and free trade signals.
s0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Note
24200 and 24250 area get hold as we expected.The upside may be a slow grind as the market is totally spooked by the recent sell down.
Note
24250 is holding for now. To Be BUllish again, it is better for a bullish weekly bar in the next week for show up.
Trade active
We have decent Bullish Pin bar at the trendline area.It still go slight lower for a swing thou.
DO not long with tight SL. it is a sure way to get wiped even if you are in the correct direction eventually.
Note
Dow Jones IndexWe have a strong NFP data, and the fear of trade war seems to have worn off.
The index has finally shown its true intention and "it will use 24260 as a good base" to launch bullish moment.
I am expecting it will go to test 24,800 level soon.
Trade closed: target reached
Dow Jones Stock IndexA Nice +300 pips run as per our previous analysis.
Now we had a strong Bullish Candle is it is likely to inch up further.
I want you to be cautious now as we are entering into decent resistants regions of 24,850 level.
Get ready to take the money off the table if needed.
I will update again.
Press "Like" and "Follow".
Sonic
Trade closed: target reached
Dow JonesWe have a nice +1000 point massive profit TP1 hit.
We will take much of our profit now.
This is where it shall go.
It may go up higher to the next level/region of 25800.
Note
Updated View On Dow Jones (31 July 2018) * Long-term bullishness is still intact.
* Currently, it is at hard resistant. It may swing back down for a while.
Verdict: Wait at the better support levels such as 24850 (or) 24760, to long.
Telegram: t.me/sonictraders
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Telegram: t.me/sonictraders
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.