My Silver Bullet Strategy analysis for US30Id be happy to teach this one to you guys.
Im working on a strategy specifically designed for Forex Markets.
There is a system i am creating called my version of a Silver Bullet Strategy that allows you mark out the phases of forex markets and as a result you can better plan your entries instead of having to sit there and wait for price action to play out the way youd like to.
This method is based on time and volatility of the market, and using just a session indicator with proper settings can help you get the information you need.
I cut the video early because i cant wait for the market to play out but ive already marked up the chart.
Ill post an image below of the completed days run of US30 so we can see how my mark ups coincide with the price action analysis.
D-US30
NIKE - A No Brainer! Following on from our last analysis of Nike, we are down a further 20%! As explained in the last analysis, Nike is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment, with revenue in excess of US$46 billion in its fiscal year 2022. The chance of it going bust is incredibly low. Any dips should be considered a buying opportunity.
We are fast approaching the pandemic lows, which is our initial area of interest. Anything below the pandemic levels will provide us an even bigger opportunity to buy!
For confirmation that we've reversed, we can wait for the break of the red trendline. Alternatively, we can slowly build our positions as we move lower.
The move up is inevitable. It's just a question of when!
Goodluck and as always, trade safe!
US30 ( UNDER BULLISH PRESSURE ) US30
HELLO TRADERS
Tendency the price will trying to closer a resistance trendline , indicates a price is under bullish pressure .
TURNING LEVEL : a gold rectangular between resistance and support level , a round 38,930, which indicates two cases , the first cases until the price breaking this level reach a support level , the second case the price trade above this level , the price reach resistance level .
RESISTANCE LEVEL : a green rectangular , an area above the turning level around 39,429 , indicates selling have already increase at this level .
SUPPORT LEVEL : a red rectangular , an area below turning level around 38,430 , indicates buying have already increase at this level .
PRICE MOVEMENT : the price is under bullish pressure until trade above turning level at 38,930 , it will attempt to reach resistance level at 39,429 , then trade above this level reach next target at 39,807 , if the breaking turning level reach to support level 38,430 , then stable below this level reach next target 38,029 .
TARGET LEVEL :
RESISTANCE LEVEL : 39,429, 39,807
SUPPORT LEVEL : 38,430 , 38,029
Potential bullish rise?Dow Jones (US30) has just bounces off the pivot which has been identified as an overlap support and could rise to the 1st resistance.
Pivot: 39,006.6
1st Support: 38,641.5
1st Resistance: 39,556.5
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.
DOW JONES is on an expansion phase until late 2025.Dow Jones (DJI) closed the 2nd straight green month (1M candle), something that isn't discussed a lot amidst the pessimistic views lately across the market. Technically, since the bounce on the 1M MA50 (blue trend-line), the index entered a new Expansion Leg inside the Channel Up that started after the 2008 Housing Crisis.
Each Bullish Leg has been so far more aggressive than the previous but even if Dow repeats the 'weakest' one, we will still look for a +75.32% rise since the September 2022 bottom. This translates into a long-term Target of 50000, which can extend as long as late 2025.
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DJO, Dow Jones in a Triangle - Bullish Continuation expectedHey Guys,
Yearly Chart is very Bullish - Broke above ATH and retesting it with this Q2 Candle.
However the Monthly Chart Doji indicates a Balanced Market ahead into the start of Q3.
A break above the highs would indicate a bullish progression - the Triangle could provide fuel for quite a large move - either up or down. Likely to be a move to the upside - given the higher TF Analysis.
37.800 and 42.000 are the Key Levels for the coming Quarter.
Will we see another Quarter of Gains? Or a little pause Pre-Election with some Profittaking under way as well as a ABC Correction towards 35.500?
Thanks for reading…
Us30 Incoming Buy setup!!Why i think US30 will have another leg up!!
Look at the time horizon of the bigger picture we see clearly structure is being maintained to upside,on the Daily Timeframe!!
As we break down to a lower timeframe, which gives us the direction of our potential move, we clearly see nice rejection on the 38.2 fib level also in confluence with the breakout which act as support now
So if you combine the daily trend trajectory plus the H4 timeframe fib level, breakout retest. give us a nice risk to reward to upside
H1 timeframe we see a nice buying momentum coming in!!
Follow me for more simple breakdown!!
US30 - 15m Buy scalpThe Dow Jones Industrial Average (US30) is currently on an upward trajectory, showing strong bullish momentum on the 15-minute chart. As it continues to rise, it is approaching a key resistance zone that has previously served as a turning point. Traders should watch this level closely, as the price may test and react to this resistance, potentially leading to a breakout or a consolidation phase. This anticipated rise towards the resistance zone signals a pivotal moment for US30's short-term direction, providing opportunities for strategic entries and exits based on price action around this area.
GBPUSD - Watch SELL ZONEExpecting continuous weakness as price has broke its ascending trendline. Price is now retracing back to Fibonacci levels where our sell zone is marked.
SHORT Setup:
- Watch for a rejection at sell zone for entry
- Stoploss: Above the high after entry
- Targets: 1.2539 - 1.24200
Good Luck and trade Safe!
Bullish bounce off 50% Fibonacci support?Dow Jones (US30) is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance.
Pivot: 39,006.68
1st Support: 38,641.57
1st Resistance: 39,556.53
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.
US30 ( RETEST AFTER LONG ) ( 4H )US30
HELLO TRADERS
in the last chart as mentioned , the price is under bearish pressure dropping + 490 pip
today , the price of EIGHTCAP:US30 retest to the turning level , may be swing 38,784 before long .
Tendency the price is a bullish pressure at 38,948
TURNING LEVEL : the price in turning level 38,948 , until price trade below this level active bearish zone , but if price breaking this level active bullish zone
RESISTANCE LEVEL: price until trade above turning level 38,948 , the price will rise to 39,397 39,765 ,stable this level by open 4h candle reach to 40,040
SUPPORT LEVEL : the price breaking turning level at 38,948 , it will reach the support level of 38,501 then stable this level reach to 38,134
CORRECTIVE LEVEL : price will 38,948 , correct itself before falling
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Volatility Expected Between Key Support and Resistance LevelTechnical Analysis: US30
The price has reversed from the resistance line at 39575 and has now reached a strong support line. Consequently, significant volatility is expected as the price oscillates between 39045 and 39410, a notably wide range.
Current Outlook:
The price is likely to touch 39045 before potentially pushing up again. Both scenarios should be carefully considered:
Bullish Scenario:
Stability above 39230 suggests a move towards 39410. However, if the price reaches the support line at 39045, it must stabilize above this level to maintain a bullish trend.
Bearish Scenario:
A bearish trend would be confirmed if the price breaks below 39045, targeting 38790, and potentially dropping further from there.
Key Levels:
- **Pivot Line:** 39230
- **Resistance Levels:** 39400, 39575, 39780
- **Support Levels:** 39045, 38790, 38600
### Today's Expected Range:
The price is anticipated to fluctuate between the support at 38790 and the resistance at 39410.
In summary, maintaining stability above the pivot line at 39230 is crucial for a bullish outlook, with targets at 39410. Conversely, a break below 39045 would signal a bearish trend with a downside target at 38790.
Dow Jones Index (US30): Your Trading Plan For Today
Dow Jones Index is testing, a recently broken
key daily resistance.
With a high probability, the broken structure turned into support.
Our confirmation to buy will be a bullish breakout
of a neckline of an ascending triangle formation on 1H time frame.
Hourly candle close above 39185 will confirm the violation.
A bullish continuation will be expected at least to 39325.
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US30 ( DOWNWARD ) ( 4H )US30
HELLO TRADERS
YESTERDAY , AS MENTIONED us30 is under bullish rise +470 pip , aimed full targets , today the price is under bearish , trade us30 price below turning level reach to support level
Tendency the price is a bearish pressure at 39,564
TURNING LEVEL : the price in turning level 39,564 , until price trade below this level active bearish zone , but if price breaking this level active bullish zone
RESISTANCE LEVEL: price breaking by open 4h candle above turning level, the price will rise to 39,765 and 40,040
SUPPORT LEVEL : the price trade below turning level at 39,564 , it will reach the support level of 39,204 then stable this level reach to 38,933
CORRECTIVE LEVEL : price will 39,564 , correct itself before falling
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US30 Poised for Bullish Surge: Key Levels and Scenarios to WatchTechnical Analysis: US30
After stabilizing above the pivotal zone at 39,410, the price has shifted towards a bullish trend. It appears poised for a retest of the 39,410 level, after which it is expected to resume its upward movement, provided it maintains stability above this pivot.
Current Outlook:
The price will likely attempt a retest of around 39,400. Should it stabilize above this price, the bullish trend is expected to continue.
Bullish Scenario:
Sustained stability above 39,410 will bolster the bullish trend, potentially driving the price towards 39,575, and further to 39,780.
Bearish Scenario:
A bearish trend would be confirmed if the price breaks below 39,410 and 39,350, with targets at 39,230 and 39,045.
Key Levels:
- Pivot Line: 39,410
- Resistance Levels: 39,575, 39,780, 40,050
- Support Levels: 39,230, 39,045, 38,790
Today's Expected Range:
The price is anticipated to fluctuate between the support at 39,360 and the resistance at 39,790.
US30 Reaches Target, Eyes Key Support and Resistance LevelsTechnical Analysis: US30
The price has reached our target of 39360 after stabilizing above the previous support line at 39045.
Current Outlook:
The price may attempt a retest toward 39045 but should stabilize below 39400 and 39360.
Bullish Scenario:
For a bullish trend, the price needs to break above 39410, aiming for targets of 39575 and 39780.
Bearish Scenario:
Stability below 39360 will support a bearish trend toward 39230, and further decline to 39045.
Key Levels:
- Pivot Line: 39360 - 39410
- Resistance Levels: 39575, 39780, 40050
- Support Levels: 39230, 39045, 38790
Today's Expected Range:
The price is expected to move between the support at 39045 and the resistance at 39575.
previous idea:
DOWJONESDow Jones analysis
2 hour and daily time frame
Dow Jones is near the 2-hour supply zone. After entering the zone, seeing the confirmation in the 15-minute time frame, we can enter sell positions with a stop just above the zone. If this area is lost, we will wait until it enters the daily supply area. If the ceiling of the daily supply area is touched, downward reversals give us the position of buying trades. to enter the daily latitude zone.
If the 2-hour supply area is maintained, the first target of the midline trading range and the second target can be the 2-hour demand area, which is formed above the daily demand area.
US30 Technical Analysis and Trade Idea - Where To Next👉 Taking a close look at the US30 Dow Jones on the daily timeframe, we can see it’s in a bullish trend. It has reached a key resistance level, and while I’m interested in going long, I won't do so at the current level. Just below the current trading level, there’s a bullish imbalance on the 4-hour timeframe. I prefer waiting for a retracement to the 50-61.8% Fibonacci level for an ideal entry. In the video, we discuss the trend, market structure, price action, and other important aspects of technical analysis. Please note, the video is for educational purposes only and not financial advice. 📊✅