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.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.