US30

US30 technical analysis on 30/03/2020

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US30 technical analysis on 30/03/2020

Trend directions:

Product: US30/Dow Jones Index

Time frames:

H4: Up

D1: Down

W1: Down

MN1: Down


US30 Notes for W1 TF
TA methods: EW
The chart in details:
  1. end of 5th wave at supercyle degree at 29595.xx points, historical highs for Dow;
  2. sharp down move for a correction to the lower price zone by 1820x.xx points;
  3. currently in rebounding to 38.2% fibs level at 22456.xx points;
  4. has been rejected at 38.2% price handle.

US30 Notes for D1 TF
TA methods: EW
The chart in details:
  1. still in downward trend for D1 TF, resistance at 22456.6x points;
  2. if closed at D TF below 20370.xx points, then further down moves are confirmed.

US30 Notes for H4 TF
TA methods: EW
The chart in details:
  1. same at D1 TF, take it as referring points.

 

US30 Notes for M20 TF
TA methods: EW
The chart in details:
  1. touching upper M20 resistance trend line, heading southward, then short.
  2. Broken the H4 support trend line, move stop loss to BE.

 

 

Trade well!

 

Tradingscenes team

Thông tin thành viên
Forex, stocks, commodities Trader & Markets Analyst. Makkaba Co., Ltd. ST&C

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