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D-US30

DOW JONES: 5 month Channel Up bottomed and 1D MA100 hit. BullishDow Jones turned bearish on its 1D technical outlook (RSI = 35.675, MACD = -65.830, ADX = 38.532) after yesterday's sharp drop due to the Fed announcing an outlook shift to 2 rate cuts in 2025 from 4 previously. Technically though that fall presents a unique long term buy opportunity as despite crossing under the 1D MA50, it managed to hit the 1D MA100 for the first time since Aug 8th while touching the bottom of the 5 month Channel Up. Today the price is showing the first signs of rebounding. The 1D RSI rebounding from below 30.000 (oversold) is also a great bullish indicator. The drop that resembles most December's is the first bearish wave of the Channel (July-August). When it recovered, the rebound hit the R1 level at first and that is our target (TP = 45,000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Long
by InvestingScope
Dow Jones Industrial Average (US30)Dow Jones Industrial Average (US30) – Bullish Reversal Opportunity This chart highlights a potential buying opportunity in the Dow Jones Industrial Average (DJIA) after a sharp correction. The recent dip into a key support zone could set the stage for a bullish reversal heading into 2025. Technical Analysis: Key Support Zone: The gray zone around 41,200–41,400 represents a strong demand area. Historically, this level has acted as a base for bullish recoveries. Oversold Conditions: The steep sell-off suggests that the market might be oversold, increasing the likelihood of a reversal. Weekly Pivot: The weekly pivot line serves as a near-term resistance, and a breakout above this level could signal bullish momentum. Bullish Scenario: A bounce from the support zone followed by a break above the weekly pivot would confirm the start of a new leg higher, targeting 44,000 and beyond. Fundamental Analysis: Economic Resilience: Despite recent corrections, the U.S. economy remains robust, with moderate inflation and stable growth supporting equity valuations. Federal Reserve Policy Outlook: Expectations of a pause or potential rate cuts in 2025 could reignite risk appetite, favoring indices like the DJIA. Seasonal Trends: Historically, Q1 tends to favor equities due to renewed optimism and capital inflows at the start of the year. Conclusion: Traders may consider entering long positions in the highlighted support zone, with stop-losses just below it to manage risk. A break above the weekly pivot could provide further confirmation of bullish momentum.
PEPPERSTONE:US30Long
by DreamsForx
US30 Mid Week Consideration 👀👉 The markets could move in any direction today. Over the past three months, since the Bank of Japan rate hike, we’ve been witnessing aggressive liquidity runs and significant, uneven reversals, particularly on Wednesdays. This midweek phenomenon has caught many traders off guard, making it challenging to adapt. It appears to reflect adjustments in the market algorithms targeting liquidity. For this reason, I’m sitting out of the New York session today. It’s worth emphasizing that staying out of the market can be just as valuable as posting or executing a trade idea. If you have time, I encourage you to review past charts and observe this recurring Wednesday or midweek reversal phenomenon. Stay vigilant and know when to step aside. Reducing the frequency of trades is as important as placing them. Focus on quality setups and recognize when the best move is no move at all. While this isn’t financial advice, it’s a practical observation that could prove useful. Trade smart, and let patience guide you.
THINKMARKETS:US30
by fxtraderanthony
3
Marking the end of Bull rallyCouple months ago, I published my US30 Elliott Wave analysis stating the start of upward move which we saw in the past months. Today, I am publishing the Elliott Wave breakdown of the upward move we have seen in past months which was anticipated in previous idea. Coming to the point, it seems the rally is about to end and the correction is about to start. I am anticipating this correction to be somewhat big according to my Weekly wave count shown in previous chart, but lets see how things go.
EIGHTCAP:US30Short
by syedhamza2135
1
DOW JONES 13-year pattern that never failed eyes $48000.Dow Jones (DJI) gave us the best bullish break-out signal exactly 1 year ago (December 13 2023, see chart below), as our buy entry at 36577 hit our 42900 long-term Target last October: At that time we made a clear point why that rally 'shouldn't surprise you' and it is because of this pattern's consistency for so many years. This 1W time-frame chart shows the cyclical behavior of the index, which peaks (Sine Wave top), then pulls back and starts forming a Rising Wedge (Sine Wave bottom) and when it breaks above the Rising Wedge, is where it flashed the bullish break-out signal we got a year ago. As you can see it then starts a gradual rise on the BB20 and completes the Cycle again (Sine Wave top) after roughly a +47% rally. The title mentions that this pattern 'never failed', practically it only broke during the COVID flash crash, which was a non-technical event than occurs once every 100 years. As you can see even the 1W MACD sequences between the cyclical patterns are identical. As a result, our Target towards the Sine Wave peak is 48000. If this is achieved in Q2 2025, based on Dow's current Channel Up (dashed), then we expect the index to remain on those high levels but turn more neutral sideways towards the end of 2025 and then eventual start of the new Bear Phase. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DJILong
by TradingShot
US Index (US30) – Daily Time Frame AnalysisUS Index (US30) – Daily Time Frame Analysis Overview: Today, let’s analyze the US Index (US30) on the daily time frame. Over the past several days, spanning more than a week, the trend has been distinctly bearish. Key Observation: The price is now nearing a significant key level in the range of 43,200–43,300. This area could act as a strong support zone, offering a potential opportunity for a long trade. Trade Idea: Entry Zone: 43,200–43,300 Monitor this range closely. Look for bullish confirmation signals, such as wick rejections, bullish engulfing candles, or other reversal patterns before entering a trade. Potential Target: If the setup aligns, the trade could aim for the previous week’s high. Keep in mind this move could take up to a week to materialize, but the potential gain from this trade could be significant. Important Reminders: Wait for Confirmation: Ensure a clear rejection or reaction at the key level before executing the trade. Focus on Risk Management: Safeguarding your capital is crucial. Avoid impulsive or revenge trading. Be Patient: Allow the trade to develop at its own pace; rushing can lead to mistakes. Trading is Reactive, Not Predictive: Respond to price action as it unfolds rather than trying to forecast the future.
ICMARKETS:US30Long
by KainT21
US30 Will Go Lower! Sell! Here is our detailed technical review for US30. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 43,616.98. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 43,408.72 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
EIGHTCAP:US30Short
by SignalProvider
1
XAUUSD - Daily | BREAKOUT IncomingSimple Trading - Ascending Triangle Gold is overall bullish so if the pattern breaks, it should break to the upside. Of course, if gold can not maintain bullish momentum, it may result in a further decline in the price. This pattern may not break out until the end of Dec. maybe into Jan. with this in mind we are still about to take price action trades on the smaller time frames. Levels to look out for: BULLISH: 2673 - 4hr FVG low 2683 - 4hr FVG High 2700 - supply and demand BEARISH: 2624 - 1hr Head and Shoulder Target 2610 - Daily FVG High 2590 - Daily FVG Midpoint 2575 - Daily FVG Low 2560 - Daily Double Bottom
CAPITALCOM:GOLD
by nikdobii
US30 Short Idea based on monthly-minute breakdownAfter thorough breakdown i see US30 diverging in the weekly & hourly TF, after that I measured the daily-weekly moving average and concluded that it has finished the average pip movement before usual daily retracements. So after deciding it will be bearish I’m looking for a bullish retracement in the 1min-15 min TF to the 45100 area where I’ll be looking to place my SELLS. TP targets have been set from TP1-TP6 (Make sure to set to break even after TP1 hits if deciding to swing trade). Bulls usually control December so I did mark up the possible bullish scenarios from the 1st 4 TPs. Let’s see if US30 can FEED US !!
THINKMARKETS:US30Short
by jcatchinpips
US30 Bearish To Bullish Play for the WeekAfter following US30 on the way down through a beautiful 1hr-4hr TL we might finally be getting to our final target 43,550. Will look for a slight move to the upside touching the sell limit which will then propel back down for another bearish move, after reaching 43,550 I expect sideways movement consolidating for a couple days/weeks hopefully giving us a clear view for a bullish set up in the process. I expect a Major move back up potentially creating new highs into 2025. 43,550 is the end of the daily average move and it will meet with a weekly trendline as it hits the weekly support zone. Let’s see if the streak on US30 continues.. May the markets be w us..! P.s only way I would switch my bearish outlook is if we break through 44,150 following a break through 44,300 into full bullish territory
THINKMARKETS:US30
by jcatchinpips
Bullish momentum to extend?Dow Jones (US30) is falling towards the pivot which acts as an overlap support and could bounce to the 1st resistance. Pivot: 43,318.65 1st Support: 42,643.34 1st Resistance: 44,526.39 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:US30Long
by ICmarkets