US30 / Consolidation Continues Between Key LevelsTechnical 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: 40220
- Resistance Levels: 40420, 40620, 40940
- Support Levels: 40080, 39880, 39600
Today's Expected Range:
The price is anticipated to fluctuate between the support at 40060 and the resistance at 40420.
Note:
Today's earnings reports, particularly from NYSE:UNH , NYSE:BAC , and NYSE:MS , are expected to impact the indices market.
previous idea:
D-US30
DOW JONES INDEX (US30): Bullish Trend Continues
US30 index updated the ATH this week.
The market managed to violate a resistance level
based on the last higher high and close above that.
The Index has a nice potential to go higher.
Next resistance - 40800
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Dow Jones Sustains Growth: Short-Term Bullish Strategies in PlayDuring the Wednesday session in London, the Dow Jones continued its upward trajectory. After experiencing a pullback at the $39,000 mark, the price resumed its ascent, forming a bullish candle. Our analysis suggests that the price is likely to continue rising until it reaches the Supply area, where we anticipate a potential correction.
In the meantime, we are focusing on short-term positions on lower timeframes to capitalize on this bullish continuation. These positions are aimed at taking advantage of the ongoing upward momentum as the price approaches the Supply area. By carefully monitoring the market and adjusting our strategies accordingly, we aim to maximize our gains from this bullish trend before any potential reversal occurs.
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US30 longHello traders, I believe that there is potential upside for the pair and here is why:
Monthly, Weekly and Daily
Price broke all time highs last week, and therefore, for now it seems that there is infinite potential to the upside for the pair.
4 hour
Price has formed a bullish pattern (higher high). Using the fib tool, the -27.2 target has not been achieved yet which is at 40,500.
If I am to enter the pair, then I expect a retest of 40,050 so that the pair collects orders before we move to the upside
The Dow Jones is approaching the selling rangeBy examining the trend in the four-hour time frame, the Dow Jones index is approaching the resistance range of 40445-40261.
Currently, it seems that the index can decrease in price up to the support of the bottom of the channel in the range of 39605, provided that the mentioned resistance range is maintained.
US30 / Navigating All-Time Highs and Potential ConsolidationTechnical Analysis: US30
The US30 has reached its all-time high and continues to gain, potentially targeting 40420. The momentum from earnings reports is expected to push the US30 to stabilize above 40420, aiming for 40940.
Current Outlook:
The price is likely to consolidate between 40420 and 40060 until a breakout occurs, with the initial target being 40420.
Bullish Scenario:
If the price touches 40420, it should stabilize above this level and close a 4-hour candle above it to maintain the bullish trend, targeting 40940.
Bearish Scenario:
If the price fails to stabilize above 40420, it may trade between 40420 and 40060. A drop from 40420 to 40060 is possible.
Key Levels:
- Pivot Line: 40220
- Resistance Levels: 40420, 40620, 40940
- Support Levels: 40080, 39880, 39600
Today's Expected Range:
The price is anticipated to fluctuate between the support at 40060 and the resistance at 40420.
US30 H4 - Sell SignalUS30 H4
We are slowly but surely inching closer to this major area of resistance and psychological price level of 40,000. Alerts have been set and we are waiting patiently, I wouldn't be surprised if we see this zone trigger today. We saw US100 selloff aggressively yesterday, we are hoping for something of similar nature here on US30.
A strong area of H4 resistance, supply and psychological price as previously mentioned.
US30 Outlook ICT Concepts💰 Welcome to Your Channel!
Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on US30 , dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains.
📰 Headlines
CPI News: The actual Consumer Price Index (CPI) numbers came in lower than expected, leading to a weakened U.S. Dollar index. This news has had a significant impact on market sentiment, driving price movements.
🔍 Identifying Key Levels
The chart highlights crucial levels and zones influencing the current market behavior:
• PMH: Previous Month High, a resistance level where liquidity might accumulate.
• PWH: Previous Week High, another resistance level indicative of potential liquidity.
• FVG: Fair Value Gap, marking areas of market imbalance.
• Daily FVG: Daily Fair Value Gap, acting as a significant support zone.
• PWL & PML: Previous Week Low and Previous Month Low, key levels for potential liquidity captures.
• BSL: Buy-side Liquidity, indicating where traders have placed their buy orders.
• SSL: Sell-side Liquidity, indicating where traders have placed their sell orders.
📊 Key Considerations
• PWH and PMH Taken: The market has recently taken out the liquidity resting above the previous week high and previous month high.
• BSL: The current price action is approaching areas where buy-side liquidity is likely to be taken out.
• Daily FVG: This zone is a significant support area where the market might gather liquidity before a potential reversal.
📉 Current Price Action
The market has recently taken out the PWH and PMH, capturing the liquidity above these levels. This suggests a potential for further upward movement, especially with the weakened U.S. Dollar due to lower-than-expected CPI numbers. Additionally, the price action has taken out some low resistance liquidity on its way up, driven by the news.
🔄 Bearish Scenario
Although the current sentiment is bullish, it's essential to consider the bearish scenario under certain conditions:
• Reversal from Key Levels: If the price fails to hold above the PWH and PMH levels, we could see a reversal targeting the FVG and Daily FVG zones.
• Targeting PWL & PML: If the bearish sentiment gains strength, the market could target the previous week low and previous month low to capture additional liquidity before a potential reversal.
📈 Bullish Scenario Considerations
The overall bias appears bullish due to several factors:
• CPI News Impact: The lower-than-expected CPI numbers have weakened the U.S. Dollar, contributing to a bullish sentiment.
• Low Resistance Liquidity Taken: The market has already taken out some low resistance sell-side liquidity, clearing the path for further upward movement.
• Targeting BSL: The market is likely to continue higher, aiming to take out the buy-side liquidity.
📊 Chart Analysis Summary
The market has shown a strong bullish sentiment by taking out the PWH and PMH, driven by the CPI news and weakened U.S. Dollar. The price is likely to target further buy-side liquidity, with potential for higher movement. However, traders should be cautious of potential reversals from key resistance levels and consider the possibility of a bearish scenario if these levels do not hold. Understanding these key levels and the current market behavior helps in making informed trading decisions.
🙏 Thank you for joining us!
Exploring US30 today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning!
⚠️ Disclaimer
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
US30 - Dow Buy OpportunityThe Dow Jones (US30) has reached a critical support zone, aligning with an support trend line. This confluence of support provides a strong foundation for a potential upward move. If the price holds above this zone, we can expect a rise towards the resistance. Traders should watch for bullish signals and consider long positions with appropriate risk management strategies.
DOW JONES Looking to break above the 3-month Triangle.The Dow Jones Industrial Average (DJIA) has been consolidating within an Ascending Triangle since the April 01 High and recently is being supported by the 4H MA50 (blue trend-line) since June 17.
As long as it continues to hold, there are higher probabilities to finally break above the Triangle's top (Resistance 1). If it does, the pattern will transition into a Channel Up that will aim for a new Higher High.
The first Bullish Leg extended to as high as +7.52%. The 1.382 Fibonacci extension is technically the break-out target on these occasions, so our Target is in the middle of those levels at 41000.
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US30 ( UNDER NFP NEWS ) ( 4H )US30
HELLO TRADERS
Tendency the price trade below turning level at 39,426 , indicates is under bearish pressure
TURNING LEVEL : a blue line between resistance and support level around 39,426 , indicates if the price stabilizing below this level reach support level , if the breaking turning level reach a resistance level
RESISTANCE LEVEL : there is a green line around 39,634 , indicates selling have already increase this level , so if the price breaking turning level reach this level
SUPPORT LEVEL : there is a red line below turning level around 39,069 , indicates buying have already increase this level , so if the price stable below turning level reach this level
PRICE MOVEMENT : first the price will trying to rising a turning level around 39,429 , after dropping to the support level around 39,069 , then stable below this level reach 38,764 , if the price breaking turning level reach a resistance level by 39,634 , then stable by open 4h candle above this level reach a 39,850
TARGET LEVEL :
RESISTANCE LEVEL : 39,634 , 39,850
SUPPORT LEVEL : 39,069 , 38,764
DOW JONES - Long active !!Hello traders!
‼️ This is my perspective on US30.
Technical analysis: Here we are still in a bullish market structure from 4H timeframe perspective, so I look for a long position. I expect bullish price action as price rejected from bullish order block.
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US30 Will Go Higher From Support! Long!
Please, check our technical outlook for US30.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 39,368.82.
The above observations make me that the market will inevitably achieve 39,786.68 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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US30 H4 | Rising into overlap resistanceUS30 is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 39,570.20 which is an overlap resistance that aligns close to the 78.6% Fibonacci retracement level.
Stop loss is at 39,800.00 which is a level that sits above a pullback resistance.
Take profit is at 39,098.66 which is an overlap support.
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DOW JONES All patterns pointing to a bullish break-out.We have seen today's pattern on one of our previous analyses (June 14, see chart below) but on the 1W time-frame:
Today we make some slight modifications as we view it on the short-term 1D time-frame. Dow Jones (DJI) continues to replicate the sequence of February 14 2023 - May 30 2023 and following the latest 1D MA50/100 Bullish Cross, is ready to break above the (bold dashed) Ascending Triangle.
As you can see there is so far high symmetry between the two patterns. The 2023 one made a Higher High following the Triangle break-out on the 1.382 Fibonacci extension from the bottom. It had two identical Bullish Legs since that Low.
As a result, we are targeting at least 41000 on the medium-term, which is tightly located within the 1.382 Fib and a symmetrical +7.50% Bullish Leg.
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NASDAQ INDEX (US100): Bullish Rally Continues
I see one more bullish pattern on US100 index.
This time it is the ascending triangle formation.
The price successfully violated its neckline and closed above that.
It is a strong bullish trend-following pattern.
With a high probability, growth will continue.
Next resistance - 20500
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US30 Will Go Higher! Long!
Please, check our technical outlook for US30.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 39,122.84.
The above observations make me that the market will inevitably achieve 39,327.63 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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