US30 on the daily chart

Discussion in 'Forex' started by steveburns0267, Apr 4, 2023.

  1. Is there a point in this demand zone where I would've been able to tell that the price was going to spike upwards? I'm trying to primarily trade the daily chart since I still work full time. Please give me any pointers you have. Screenshot_20230403-214752_TradingView.jpg
     
  2. SunTrader

    SunTrader

    3 bars back - close above prior swing high.

    More riskier but more potential profit 1 bar further back was highest close in 15 bars.

    Assume your chart is for CFD, because my Dow cash spot nor futures charts looks like that?
     
    Last edited: Apr 4, 2023
    nbbo likes this.
  3. maxinger

    maxinger


    As usual, there are 3 possibilities :

    - it can go up
    - it can go down
    - it can go sideways

    Only a powerful crystal ball can narrow down the answer.

    Note that US30, DAX, CAC40 .... all started to go up at the end Mar 2023.
     
    Last edited: Apr 4, 2023
  4. spooz

    spooz

    This would have been things to watch for. Chart.png
     
  5. Thank you for the illustration!!! I'm a visual learner so this was very helpful.
     
    spooz likes this.
  6. 32600 was the magic number
     
  7. easymon1

    easymon1