D-US30
POST NFP +$4200.00 | Tradingview's "The Leap Competition"Made what I needed to make for the day already and more. Trying to continue to trade is literally adding insult to injury at this point - I am chilling.
Also I am competing in the Tradingview Contest but I will be honest I don't see myself winning that lol. Those traders are crazy good or at least really good at making quick money.
My style is much more of a slow burn. Oh well, See you guys next week :)
DowJones Polar Bear!!According to the linked previous analysis, price touched specified range and the shadow was as expected (a little more than expected) and then the Bearish trend started.
I see #dowjones as a wild polar BEAR.
Bearish trend will continue with swings and corrections.
will be updated...
DOW JONES Any pull-back is a short-term buy opportunity.The Dow Jones Industrial Average Index (DJIA) is completing an Inverse Head and Shoulders (IH&S) pattern following the recovery of its 4H MA50 (blue trend-line). Since the dominant medium-term pattern since the April 19 Low is a Channel Up, any pull-back this short-term IH&S offers, is a technical buy opportunity.
The previous Channel Up Higher Low of May 30 offered one final Higher Low pull-back below the 4H MA50 before the new Bullish Leg started towards the Channel's top (Higher Highs trend-line). Check how their 1D RSI fractals are similar among the two sequences.
As a result, once today's Fed euphoria recedes, we expect one last buy opportunity to emerge with a short-term Target of 42000 (top of blue Channel Up), if note higher on the Diverging Channel Up.
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Expect an upward correction for the Dow JonesIt seems that we have an upward correction ahead for the Dow Jones index. This rise can occur from the current areas or a little lower and from the overlapping range of the previously broken ceiling in the daily time frame and EMA20 of the same time frame. The purpose of this rise of the Dow Jones index can be the purple box in the first step. And in the final step up to about 41,000
US30 Outlook ICT ConceptsDow Jones Industrial Average (US30) Analysis
💰 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.
💡 Previous Analysis Review:
The price has swept the previous month high (PMH) and the buy-side liquidity (BSL) above it, placing it in a deep premium.
📍 Current Market Overview:
The current price is around 40,920.69. The price has swept the previous week low (PWL) and tapped into the 4-hour Fair Value Gap (FVG).
🔍 Identifying Key Levels:
• PMH: Previous Month High
• PWL: Previous Week Low
• PWH: Previous Week High
• PML: Previous Month Low
• BSL: Buy-Side Liquidity
• SSL: Sell-Side Liquidity
• EQH: Equal Highs
• EQL: Equal Lows
• FVG: Fair Value Gap, highlighting areas of imbalance
📊 Key Considerations:
• Current Price Position: The price is trading around 40,920.69, after sweeping the PMH and BSL, and now in a deep premium.
• PWL and 4H FVG Interaction: The price has swept the PWL and tapped into the 4H FVG, also aligning with the Optimal Trade Entry (OTE) levels.
• OTE Levels: The current price is within the OTE levels, suggesting a potential lower movement.
📈 Bearish Scenario:
Given the current price action and key considerations, a bearish scenario is possible if the following conditions are met:
Target SSL and FVG Below: The price can be expected to go lower from here, targeting the SSL and the FVG below it, or even the PWL, which is close to the equilibrium (50%) of the range.
📉 Bullish Scenario:
A bullish scenario should be considered if the following conditions are met:
Clearing Sell-Side Liquidity: For any bullish scenario and long positions, we need the sell side of the chart to be cleared from liquidity. Once the liquidity is cleared, we can then decide on potential long positions.
📊 Chart Analysis Summary:
Bearish Expectation: The expectation is for the price to potentially move lower, targeting the SSL and the FVG below it, or even the PWL, which is close to the equilibrium (50%) of the range.
Bullish Expectation: For a bullish scenario, we need the sell side of the chart to be cleared from liquidity. After the liquidity is cleared, we can consider long positions.
🙏 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!
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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.
Dow Jones Index (US30): Intraday Bullish Signal?!
Update for the yesterday's setup on US30.
Earlier, we spotted a confirmed breakout of a key daily resistance.
After that, the market retested the broken structure and started to
consolidate within a narrow range on a 4H time frame.
The resistance of the range was broken this morning.
It is a strong intraday bullish signal.
Growth may continue to 21250
❤️Please, support my work with like, thank you!❤️
Falling towards 50% Fibonacci support?The Dow Jones (US30) is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance.
Pivot: 40,248.98
1st Support: 39,842.02
1st Resistance: 40,849.49
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How to Scalp US30In and out is the name of the game as a scalper. The better you understand this the more effective your scalping will be.
Some people say that scalping pays the market - this has some truth to it but I want to explain why. It is because of traders who don't correctly know what a scalp is supposed to be.
A scalp is meant for you to just take something off the top; Thus "scalp".
What this means is, it isn't much you are asking for 9/10 times and this is why scalping generally pays the market. It is because most scalpers lose due to not knowing that they shouldn't really be in those trades for long.
We need to operate like speedsters from these TV shows like the flash. Handle your business in lightning speed.
This is how I think you could more effectively scalp.
Have a good day folks - I'm done for the day
US30 H4 | Bearish Drop Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 40,847.13, which is an overlap resistance close to 61.8% Fibo retracement.
Our take profit will be at 40,150.54, an overlap support level.
The stop loss will be placed at 41,362.20, which is a swing-high resistance level.
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US30 Is Approaching The Main TrendHey Traders, in today's trading session we are monitoring US30 for a buying opportunity around 39800 zone, US30 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 39800 support and resistance area.
Trade safe, Joe.
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!
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)