US30 on the daily chart

[steveburns0267]

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.

 

[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?

 

[maxinger]

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.View attachment 310949

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.

 

[spooz]

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.View attachment 310949

This would have been things to watch for.

 

[steveburns0267]

This would have been things to watch for.View attachment 310950

Thank you for the illustration!!! I'm a visual learner so this was very helpful.

 

[Chuck Rost]

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.View attachment 310949

32600 was the magic number

 

[easymon1]

I'm trying to primarily trade the daily chart since I still work full time. Please give me any pointers you have.

Do you have any setups?

https://elitetrader.com/et/threads/...t-right-here-baby.335635/page-18#post-5309309