I see the Dow Jones index going down soon!Considering the political developments in the world as well as the upcoming American elections, and on the other hand, according to the economic data published in the last few weeks, it seems that the Dow Jones index will start to move downwards from this price point! The long-term target is specified in the chart
D-US30
US30 / Key Levels for Bearish Continuation or Bullish BreakoutUS30 Technical Analysis
The price has declined from the previously identified resistance line and is now approaching 42,125. A break below this level is necessary to continue the current trend.
Bearish Scenario: The price must break below 41,960 and stabilize beneath this level to extend the bearish move towards 41,560.
Bullish Scenario: US30 is likely to consolidate between 42,125 and 42,450. A breakout above 42,450 and subsequently 42,590 would strengthen the bullish outlook, targeting 42,770 and 42,910.
Key Levels:
Pivot Point: 42125
Resistance Levels: 42430, 42590, 42770
Support Levels: 41960, 41750, 41560
Trend Outlook:
- Bearish by stability below 42125
- Bullish by stability above 42450
PREVIOUS IDEA:
US30 REVERSAL MIGHT BE LURKINGThe US30 is currently in a corrective phase but approaching key support and liquidity levels. A potential bullish reversal is expected from around 42,530, targeting the buy-side liquidity near 43,330. I'll be watching for reactions around the SSL and FVG for entry opportunities, with a stop below 42,393 for risk management.
GLGT!!
LloydFx
Dow Jones Potential UpsidesHey Traders, in tomorrow's trading session we are monitoring US30 for a buying opportunity around 41900 zone, Dow Jones is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 41900 support and resistance area.
Trade safe, Joe.
Gold 1H Intra-Day Chart 28.10.2024Gold did push up which we did say would be a possible option. Currently at a new ATH of $2,774! Here is what I am looking for next;
Option 1: Gold bullish momentum now slows down & starts dropping towards $2,718.
Option 2: Gold pushes a little higher towards $2,785 next.
DOW JONES Bottom is being formed. Buy for 44000 immediate TargetDow Jones (DJI) eventually made a bullish break-out on our last analysis (October 08, see chart below) and hit our 43200 invalidation Target:
The 3-month Channel Up is still holding and the price is now on the 4H MA200 (orange trend-line) and near the bottom (Higher Lows trend-line) of the pattern. The 4H RSI has completed a bottoming sequence similar to the September 11 Higher Low.
As long as the 1D MA50 (red trend-line) supports (closes 1D candles above), this will be a buy opportunity. Our Target is 44000, which is the 1.236 Fibonacci extension, similar with the previous Higher High.
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US30 Holds Bearish Bias Below Key Resistance LevelsUS30 Technical Analysis
As long as trades under 42450 will support a bearish trend to touch 42125and below that will get 41950 as well
Stability above 42,125 may prompt a move toward 42,300 and 42,450; however, a bullish reversal requires a breakout above 42,590.
Key Levels:
Pivot Point: 42280
Resistance Levels: 42770, 42910, 43050
Support Levels: 42125, 41950, 41750
Trend Outlook:
- Bearish by stability below 42450
- Bullish by stability above 42590
previous idea:
US30 H4 - Long Signal US30 H4
Something like this would make sense for us on Dow Jones, we gapped up massively to start the week and we are still looking to continue higher, once the dust has settled, we can see where we are on US30 and which zones are in play. Hopefully we can gain something buy catching longs from this 42,300 price when it trades higher and retests again as support price.
We saw a big selloff Friday, dumping as much as 600 points in a single 4 hour period, seeing that move correct and sustaining would be a requirement for what we are after. The market gaps were no doubt significant, being in excess of 100 points.
Could US30 drop from here?The price is rising towards the resistance level which is an overlap resistance that lines up with the 23.6% Fibonacci retracement and could drop from this level to our take profit.
Entry: 42,413.14
Why we like it:
There is an overlap resistance level that aligns with the 23.6% Fibonacci retracement.
Stop loss: 42,768.22
Why we like it:
There is a pullback resistance level.
Take profit: 41,939.71
Why we like it:
There is a pullback support level.
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DOW JONES - Short from bearish OB !! Hello traders!
‼️ This is my perspective on DOW JONES.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. My point of interest is imbalance filled + rejection from OB.
Like, comment and subscribe to be in touch with my content!
US30 I Potential long from bottom of the channel & weekly levelWelcome back! Let me know your thoughts in the comments!
** US30 Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
US30 Analysis in Elliott Waves - Anticipated Correction ScenarioUS30 Analysis in Elliott Waves - Anticipated Correction Scenario :
Fibonacci extensions. This level often signals a potential reversal point, suggesting that a significant correction may be approaching in the short term.
We anticipate a possible correction towards Fibonacci levels, around 23% to 38% of the third wave. The end of this third wave has also formed an ending diagonal, reinforcing the likelihood of a pause or reversal in the trend.
Awaited Confirmation Signals
To confirm the potential for a correction, several technical signals are in place:
Divergences on MACD and RSI: A bearish divergence is present on these indicators, indicating a weakening of bullish momentum and increasing the likelihood of a trend reversal.
Break of the Trend Line: Although the market is still in an uptrend, the break of this trend line would provide final confirmation of the end of the third wave and the start of a deeper correction. Monitoring this break is crucial before entering short positions.
Price Action: On the weekly chart, a Bearish Engulfing pattern has already been observed, further supporting potential sell signals.
Price Targets
First Target (TP1): 38,418, a key support zone expected to serve as the initial correction target.
Second Target (TP2): After a minor bullish correction, we could aim for the 33,735 area as the final target of this downward phase.
After this anticipated correction, we’ll reassess the market to look for new buying opportunities if the bullish trend resumes.
Potential bullish rise?US30 is reacting off the pivot and could reverse to the pullback resistance level which aligns with the 50% Fibonacci retracement.
Pivot: 42,387.94
1st Support: 42,084.97
1st Resistance: 42,759.06
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DOW JONES: testing the 4H MA200 and is expected to rebound.Dow Jones is on a neutral 1D technical outlook (RSI = 48.958, MACD = 306.300, ADX = 31.951) as the Channel Up pulled back to almost test the 4H MA200 for the first time since the September 11th Low. This is basically the top of the support zone of the Channel Up and based on the 1D RSI, a strong buy candidate. We turn bullish, aiming at the 1.5 Fibonacci extension (TP = 43,900).
See how our prior idea has worked out:
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US30 Breakout Setup – Targeting 43700 and 44000 US30 is showing strong bullish momentum with price holding above an ascending trendline,
I am currently seeing consolidation near a key resistance level if price breaks above 43346 it could signal a good buying opportunity,
I am targeting two main levels for take profit:
First target: 43700 (minor resistance).
Second target: 44000 (psychological level).
My Stop Loss is set just below 43000 to protect the trade, right under the 0.618 Fibonacci retracement and trendline support,
Trade Setup:
Buy Entry: Above 43346 on a confirmed breakout.
Stop Loss: Below 43,000 (protected by the Fib 0.618 level and trendline).
Take Profit 1: 43700
Take Profit 2: 44000
This setup has a strong risk reward profile and follows the ongoing bullish trend in US30, Watch for a strong breakout before entering the trade!
Best of luck!
Will the market uncertainties impair the Dow?Macro theme:
- The US30 has pulled back from record highs after a long rally, driven by rising Treasury yields and worries over high valuations.
- Investors are watching earnings from companies like Boeing (BA) and Coca-Cola (KO), which could affect market sentiment.
- With mixed economic signals and geopolitical uncertainties, short-term volatility is expected. Investors are balancing hopes for Fed rate cuts against concerns about economic growth and corporate earnings.
Technical theme:
- From the 4-hour chart, US30 broke its ascending trendline and retested EMA78 and the support level at 42720.
- If US30 breaks below 42720, the index may change the structure sideways and reach nearby support around 42390.
- On the contrary, if US30 remains above 42720, the index may consolidate within 42720-43300 until an apparent breakout occurs.
Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
DOW JONES ahead of an huge rally based on the 2017 fractal.More than a year ago (September 13 2023, see chart below), we posted a long-term fractal comparison for Dow Jones (DJI) between the 2022 - 2025 and 2015 - 2018 periods:
As you can see the 1W MA50/100 Bullish Cross eventually placed the index on a huge rally (even though it had to go lower for a month) that hit Target 1 at 42000. The 1W RSI and MACD sequences in 2024 however evolved in such a how that we have to re-adjust the patterns in order to fit the 2017 price action.
The charts now display very symmetric fractals and it appears that we are now on a short-term consolidation (circle) after a +50% rise from the September 2022 bottom. In November 2017, that was the final consolidation before the most aggressive rally of the Bull Cycle that made Dow top and then pull back to test its 1W MA50 (blue trend-line).
As a result, we move our final target even higher at 49300, which represents a +71% rise from the 2022 bottom, similar to the rise that priced the January 2018 High.
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