Below are my FOMC levels I have mapped out. Prices move SOLELY from FOMC releases.
This is a concept I first discovered last year and since then, have still been perfecting it.
I want to see the July FOMC hold as a short term support level before rallying into the September FOMC as resistance for the pullback dump.
Ultimately, I am looking for January 2024 FOMC to hold as the next major long term bottom before breaking out into the 48,000-50,000s
Below I will post screenshots of how FOMC levels are used as I am not good explaining. Take the time to study these charts and see for yourself that Dow Jones makes it's price action based on the releases of FOMC.
Protected Levels:
Levels that do not get touched and are defended.
Resistance Levels:
Support Levels:
And of course, the biggest support level used with the April dump right into May 2023 FOMC
Mean Reversion Levels:
These levels even work intra day. Take a look below to see how well these are respected.
This is a concept I first discovered last year and since then, have still been perfecting it.
I want to see the July FOMC hold as a short term support level before rallying into the September FOMC as resistance for the pullback dump.
Ultimately, I am looking for January 2024 FOMC to hold as the next major long term bottom before breaking out into the 48,000-50,000s
Below I will post screenshots of how FOMC levels are used as I am not good explaining. Take the time to study these charts and see for yourself that Dow Jones makes it's price action based on the releases of FOMC.
Protected Levels:
Levels that do not get touched and are defended.
Resistance Levels:
Support Levels:
And of course, the biggest support level used with the April dump right into May 2023 FOMC
Mean Reversion Levels:
These levels even work intra day. Take a look below to see how well these are respected.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.