US 30 (DOW) / US DollarUS 30 (DOW) / US DollarUS 30 (DOW) / US Dollar

US 30 (DOW) / US Dollar

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US 30 (DOW) / US Dollar forum


tomorrow will be a waterfall day yall



US30 I think we're in a good spot to short right now.

US30 Last Call for This Session:
As the bulls rally from the S&R Zone to do a breakout from the high of the Inside Day at 44,877, it will either be a true breakout with more bullish candles to follow OR a fake breakout with a bearish candle to show up next to head down.

The bulls are in Overbought territory, so a retrace is coming. If this bullish candle forming rejects the Swing High of 44,921 with its upper wick, then down it goes for a bearish pullback towards the S&R Zone (that begins at 44,754).

Also, the Bullish Trendline (in green dotted line) is still close to the price action. Through consolidation and a move to the right of the trendline, the bears can take the market down.
Snapshot

US30 A new and tall S&R Zone just formed from consolidation on the Hourly. Will it block the bears from dropping down below it? We'll see.

The bulls can either rise up from the S&R Zone and head for another one above them (that starts at 44,871) OR the bears can drop below this Zone and break the Bullish Trendline (in green dotted line) for a greater move down (to 44,572 through mean reversion).

A very BIG move is still coming!

*My Prediction: Price action will consolidate around the S&R Zone to go to the right of the Bullish Trendline, then drop down.
Snapshot

DJI Resistance Rejection at ~45,000 USD
Breakdown from the rising channel
Projected Drop toward ~42,931 USD
Snapshot

DJI Simple and objective setup follows the chart!
Snapshot

US30 Heads Up!
On the Hourly, a Double Inside Day pattern showed up. That means a very BIG move is coming, either during this session or in the After Hours. When you look at the Average True Range between the last three candles, it can potentially be a major move to the upside or downside.

In the new hour, there may be a bullish candle that does an upper wick fill of this bullish candle, then drop down.

An Inside Day pattern also formed, which is a market pause with no true direction. Breakout from this can either be from the pattern's high of 44,877 or low of 44,670 (shown as two orange lines), so watch for that.

Also, the Bullish Trendline (in green dotted line) is still very close for the bears to break, then drop down.
Snapshot

US30 On the Hourly, it looks like we'll either get a market pause after the two, BIG moves (predicted earlier with the two, Double Inside Day patterns that were back-to-back) OR the bears can eventually show up to cross the Bullish Trendline (in green dotted line) to go its right and drop down more.
Snapshot