D-US30
Wall Street ShortAfter rebounding from the upper trendline, it seems that this index is forming a rising flag, which IMO is a strong indicator for a bearish momentum.
Based on the previous analysis I had done, I anticipate that the price will complete this pattern at 39000.
Entry position at 40100, Sl at 40600 and TP at 39000
US30 More Sells I thinkI think it makes more sense logically for US30 to continue to drop and I do believe it has the means and liquidity to do so.
That being said, I wouldn't attempt to try to trade anything on it as of current because it (like gold) is confusing and chaotic.
I will probably be sitting this one out.
Have a good rest of your day folks!
US30a closer look at what I'm waiting for. Enter only with confirmation. We still hadn't hit the higher time frame's resistance or supply.
US30Just a simple trade, waiting for confirmation, managing money, and then jumping in. Thank me later.
US30 34,500 SWING TRADE BUY PRICE Looking at past price action on the 6, 4 & 3-month chart, I can see the price has pulled back to 78.6% fib levels in July, Aug & September which are the last 2 months in the financial year and 1st month in the new financial year in September then after September during Oct, Nov, Dec price has accelerated bullish with huge engulfing candles (Santa Clause rally) following past price action patterns. Currently with the fundamental condition of the market and interest rate cuts pending for September/October/November Q1 (Q4 of 2024) the following 6 months starting from mid-July 2024 have been bearing as price is oversold in a premium market which isn't giving room for more buyer to enter the market at a fair price before the FED rate cuts and indices and stock start the next bullish run for 4 years in the market cycle, so price need to sell into a discounted market below 37,776 which is above the 4month IMB and 4month bull OB.
From my analysis price would need to pull back and fill the 4-month IMB and draw towards the 34,500 (safe price) area (32,742 is my 78.6 swing trade price) price there is a monthly bullish OB and 3,444 pip of IMB to be filled. I'm not expecting the price to run directly towards this price area but it will eventually get there over time or to 50% of the IMB at 36,400 or 36,250 (QL)
DOW JONES Correction isn't over yet. See where to buy.The Dow Jones Industrial Average Index (DJIA) made initially a direct hit on our July 05 (see 1st chart below) 41000 Target and following the rejection then, is on its way of hitting the 39200 downside Target (July 17, 2nd chart below) as well:
Zooming out to the long-term pattern again after a while, we can still see that the dominant technical structure is a Channel Up that first started on the September 30 2022 inflation crisis bottom.
On the more medium-term, we can isolate a (dashed) Channel Up that started on the April 19 2024 Low. It appears that the current correction is technically its new Bearish Leg. Symmetrically, we should be expecting the new Higher Low to make contact with the 1D MA50 (blue trend-line). That is our first buy entry.
The second is just below the 0.5 Fibonacci Channel level, which can potentially make near contact with the 1D MA200 (orange trend-line), a strong long-term Support. That scenario is drawn based on the October 27 2023 bottom which was after a symmetrical correction (-9.25%) with the March 20 2023 bottom. Similarly, the current Bearish Leg could be symmetrical (-6.84%) with the correction that led to the April 18 2024 Low.
For both buy entries, our new long-term Target will be 42400 (Higher High on the medium-term Channel Up).
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US30 - Bearish Momentum Amid Anticipated GDP Data ReleaseTechnical Analysis: US30
Current Outlook:
The price is in a strong bearish trend, with potential targets at 39575 and 39400, particularly if the GDP data exceeds expectations.
Bullish Scenario:
To establish a bullish trend, the price must stabilize above 40060, aiming for 40270 and 40420. An uptrend movement will be likely if the GDP results are lower than expected by approximately 1.4% to 1.6%.
Bearish Scenario:
As long as the price trades below 40060, the bearish trend will persist. For a more precise bearish outlook, the price should stabilize below 39780, targeting 39575 and 39400.
Key Levels:
- Pivot Line: 39945
- Resistance Levels: 40060, 40250, 40420
- Support Levels: 39780, 39575, 39400
Today's Expected Range:
The price is expected to fluctuate between the support at 39400 and the resistance at 40420.
previous idea:
US30 TO NEW ATH OF $43,050 (UPDATE)Remember our US30 analysis which I posted this time last year? Well let's see how our long term, swing investment is performing 1 year down the line! Market is now up 6,760 PIPS (20.30% ROI) from our POI😍
I would recommend closing out 70% of your profits here & letting the remainder of your positions run risk free! Depending on how the weekly candle closes, we might possibly close out our entire position soon.
US30 ( BREAKOUT CHANNEL ) (4H)US30
HELLO TRADERS
Tendency , the price is under bearish pressure , after breakout channel .
TURNING LEVEL : the price of turning level around 40,300 , so if the price breaking this level reach a first resistance level , as long as price trading below this level reach a first support level .
RESISTANCE LEVEL (1) : this level around 40,674, for reach this resistance the price it will be breaking turning level .
RESISTANCE LEVEL (2) : around 41,019 , for reach this level it will be breaking by open 4h candle above resistance level (1)
SUPPORT LEVEL (1) : this level around 39,861 , for reach this support level the price need stabilizing below a turning level .
SUPPORT LEVEL (2) : support level at 39,469, for reach this level the price will be breaking by open 1h or 4h candle below support level (1) .
CORRECTIVE : the price may be corrective turning level at 40,300 , before drooping .
TARGET LEVEL :
RESISTANCE LEVEL :0.63 , 0.67 .
SUPPORT LEVEL : 0.57 ,0.54 .
US500 / S&P 500 Money Heist Plan in Bearish sideMy Dear Robbers / Traders,
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Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
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DOW JONES - Long active !! Hello traders!
‼️ This is my perspective on US30.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long position. I expect bullish price action from here as price filled the imbalance and rejected from bullish order block.
Like, comment and subscribe to be in touch with my content!
Potential bullish bounce?DJ30 is falling towards the support level which is a pullback support that aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 40,092.67
Why we like it:
There is a pullback support level which lines up with the 61.8% Fibonacci retracement.
Stop loss: 39,647.36
Why we like it:
There is an overlap support level which lines up with the 78.6% Fibonacci retracement.
Take profit: 40,912.44
Why we like it:
There is a pullback resistance level which aligns with the 50% Fibonacci retracement.
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US30 trade ideaStill a continuation of last weeks movement. After breaking below the support on friday a retest followed and we anticipating for a further continuation to the downside, target being the next zone
Bearish Trend Expected Below Key Resistance at 40420Technical Analysis: US30
The price has reached the resistance level of 40420, as mentioned in the previous analysis, and has since dropped, consolidating between 40060 and 40420.
Current Outlook:
The US30 is expected to decline as long as it trades below 40420, targeting 40060. A break below 40060 would suggest a continuation of the bearish trend.
Bullish Scenario:
For a bullish trend to be confirmed, the price needs to stabilize above 40420, with confirmation coming from a 4-hour candle closing above this level.
Bearish Scenario:
As long as the price trades below the resistance line at 40420, it is likely to test 40060. A break below 40060 would indicate a downtrend towards 39790.
Key Levels:
- Pivot Line: 40420
- Resistance Levels: 40640, 40580, 41050
- Support Levels: 40080, 39880, 39600
Today's Expected Range:
The price is anticipated to fluctuate between the support at 40060 and the resistance at 40650.
Previous Idea:
Dow Jones is approaching an important supportHey Traders, in today's trading session we are monitoring US30 for a buying opportunity around 39600 zone, US30 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 39600 support and resistance area.
Trade safe, Joe.
US30 trade ideaUS30 has been on an uptrend but structure has been broken. there was a brake below on the mid term support and a retest to confirm the brake and now a continuation of a downward movement is anticipated
US30The Dow Jones Industrial Average Index (US30) on a 1-day timeframe.
Key Elements in the Chart:
1. Entry Zone (40,070 - 39,880):
The recommended entry range for a long position is between 40,070 and 39,880.
2. Target Levels:
Target 1: 40,636.77
Target 2: 41,295.33
Target 3: 42,750.00
3. Stop Loss:
The stop loss level is set at 39,825.
4. Support and Resistance:
Support Zone: Marked in green below the entry range.
Resistance Levels:
First Resistance: 40,636.77
Second Resistance: 41,295.33
Final Cycle Target: 42,750.00
5. Current Price:
The current price at the time of the chart is 40,604.42, which is below the first resistance level but above the entry zone.
Analysis:
1. Entry Strategy:
The recommended entry zone for a long position is between 40,070 and 39,880. Entering within this range allows you to capitalize on a potential upward movement towards the target levels.
2. Target Levels:
The first target level of 40,636.77 is relatively close to the current price, suggesting a short-term target.
The second target of 41,295.33 and the final cycle target of 42,750.00 indicate higher resistance levels and potential profit points for medium to long-term trades.
3. Stop Loss:
A stop loss at 39,825 ensures a predefined risk, protecting the trader from significant downside moves if the market goes against the position.
4. Support and Resistance Analysis:
The support zone indicates a strong buying interest, which can serve as a cushion against falling prices.
Breaking above the resistance levels will be crucial for the continuation of the upward trend.
Trading Plan:
1. Enter Long Position: Within the entry zone (40,070 - 39,880).
2. Set Stop Loss: At 39,825 to manage risk.
3. Monitor Resistance Levels: Watch for price action around 40,636.77 and 41,295.33.
4. Take Profit:
Partial profit at the first target (40,636.77).
Further profit at the second target (41,295.33).
Final profit around the final cycle target (42,750.00).
Quick US 30 Scalp on Correction & Gold MELTRed day for the Markets.
Took chance of some corrections.
Dow Jones: Bearish DXY And Potential UpsidesHey Traders, in today's trading session we are monitoring US30 for a buying opportunity around 40800 zone, US30 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 40800 support area.
We would also like to consider the current bearish bias on DXY, due to the negative correlation US30 can benefit from that.
Trade safe, Joe.
US30 / Historical Resistance Reached and New All-Time HighTechnical Analysis: Historical Resistance Reached and New All-Time High
As mentioned in the previous analysis, the price has reached the historical resistance level of 41,030, stabilized above it, and recorded a new all-time high of 41,390, continuing its run towards 42,100.
Current Outlook:
The price is expected to correct to 41,030. Stability below this level would indicate a bearish trend. However, as long as the price remains above 41,030, the bullish trend will likely continue towards 42,100, especially with the strong impact of earnings on the market.
Bullish Scenario:
Stability above 41,030 suggests a continuation of the bullish trend towards 41,400 and 41,830. There is also the possibility of a retest of the 41,030 level.
Bearish Scenario:
The bearish trend will be activated if the price stabilizes below 41,030 and closes a 4-hour candle under this level. This would confirm a bearish move towards 40,420 and 40,005.
Key Levels:
- Pivot Line: 41,030
- Resistance Levels: 41,390, 41,500, 41,830
- Support Levels: 40,750, 40,450, 40,080
Today's Expected Range:
The price is anticipated to fluctuate between the support at 40,080 and the resistance at 41,830.
Previous Daily chart:
previous weekly chart :
US30USD Looong!This index has tested and broken above the resistance zone at 39950. If the trend retests this zone, and there are bullish engulfing candles at the zone, then the momentum will continue.
My buying entry point is at 40200, with SL at 39700 and TP at 41700, with a R:R target of 1 : 3
US30 /Critical Levels & Volume Signal Potential Bullish Breakout Technical Weekly Analysis: US30 (Dow Jones Industrial Average)
A Short Outlook on the Previous Movement:
The US30 has experienced a strong bullish trend, characterized by an ascending trend line that began around early 2023. The price saw significant gains until it reached a resistance level near 40,970.0, where it faced some consolidation and pullbacks. Recently, the price has been trading within a defined range, testing both support and resistance zones.
Current Outlook:
The current price of US30 is around 39,218.5, positioned near a critical pivot zone. The market is showing mixed signals, with potential for both bullish and bearish movements depending on the price action around key levels.
Bullish Scenario:
Key Trigger: A break and sustained move above 40,005.0.
Targets: The immediate target would be the yearly resistance zone at 43,040.0.
Confirmation: The breakout above 39,575, along with strong buying volume, would confirm the bullish continuation towards 40,005 and potentially higher.
Bearish Scenario:
Key Trigger: A failure to break above the pivot zone and a decline below the demand zone at 38,700.0.
Targets: The price could drop towards the strong support zone at 36,460.0, and further down to 34,430.0 if bearish momentum continues.
Confirmation: Sustained selling pressure and a close below 38,700 would confirm the bearish outlook.
Key Levels:
Pivot Line: 39,218.5
Resistance Levels: 40,005.0, 40,970.0, 43,040.0 (Yearly Resistance Zone)
Support Levels: 38,700.0 (Demand Zone), 36,460.0 (Strong Support Zone & Breakout), 34,430.0
Expecting Weekly Range Movement:
- The anticipated weekly range is between the support at 38,700.0 and the resistance at 40,970.0. A breakout in either direction would define the next significant move.
Preferred Direction:
- Given the strong historical bullish trend and the proximity to the pivot zone, the preferred direction leans towards bullish if the price can break and sustain above 40,005.0. However, caution is advised as the market could still face significant resistance.
Summary:
The US30 is currently at a critical juncture. A breakout above 40,005.0 would confirm a bullish continuation towards the yearly resistance zone at 43,040.0, while a failure to break this level and a decline below 38,700.0 would signal a bearish move towards 36,460.0 and potentially 34,430.0. Traders should closely monitor the price action around these key levels to determine the next major trend.
