D-US30
Dow Jones: Mixed Economic Data and Dollar DynamicsThe recent release of Initial Jobless Claims by the US Department of Labor has unveiled a slightly higher figure than anticipated. This unexpected uptick is seen as a consequence of the rise in Initial Jobless Claims for the week ending March 2nd, coupled with lower-than-expected Unit Labour Costs from the fourth quarter.
As market observers eagerly await the arrival of crucial labor market data on Friday, including the Unemployment Rate, Average Hourly Earnings, and NonFarm Payrolls for February, the trajectory of the US Dollar Index (DXY) hangs in the balance. These forthcoming data points are poised to dictate short-term movements in the DXY.
Moreover, the possibility of additional labor market data releases on Friday raises concerns of imminent rate cuts, which could exert further downward pressure on the Greenback.
On the technical front, the price has reached a critical Resistance level around 38,900, coinciding with the 61.8% Fibonacci retracement level. In response to this confluence, a selling position has been initiated, with the first take-profit target set at 38,500.
As investors navigate through the complexities of mixed economic signals and anticipate the impact of impending data releases, market sentiment towards the US Dollar remains uncertain. The outcome of Friday's labor market data will likely steer the direction of the Greenback in the immediate future, influencing trading strategies and investment decisions across global markets.
We might see new ATH in DJIA (US30) soon 41k levelsNow I changed my view on all global Indices, any dip looking forward to buy the dip. My stop losses is in place and tight stop losses for now until it breaks last month high. I think we are in major wave 5 and we are in 3(5) in minor cycle considering Elliot wave theory.
this is just my study and I might change my view depending on price action.
EURAUD - Buy The Breakout! ✅EURAUD is currently within a channel. It's appearing as a 535 zigzag and we're anticipating a breakout soon.
Safe entry will be break of the red trendline. Risk entry will be bounce off channel or a lower timeframe trendline breakout.
We'll be targeting the fib levels but it could fall short or go past the fib so we'll be taking a cautionary approach to our targets.
Trade idea:
- Entry on red trendline break (safe entry)
- Risk entry on bounce off channel or lower timeframe trendline break
- Target: 1.67 (600pips), 1.685 (750pips)
Be sure to taper positions as we move higher.
Goodluck and as always, trade safe!
See our previous setup below:
US30 15MIN: Technical AnalysisThe US30 has undergone two retests of the 38937.69 level before experiencing a rejection towards the Fibonacci level of 38791.60. Currently, my analysis suggests a potential retest of the 38937.69 high, forming what could be interpreted as a triple top pattern. Subsequently, I anticipate bearish market entry, leading to a break below the 38791.60 Fibonacci level and a subsequent decline to the 38601.69 daily low value. Following this, a bullish effort may ensue to retest the Fibonacci level before gaining momentum for a descent to the profit target level of 38371.99.
US30 Trade IdeaUS530: Riding the Ascending Channel to New Heights
The US30 index has been tracing an ascending channel on the 4-hour chart, a bullish pattern that suggests a continuation of the current uptrend. This pattern is characterized by two parallel upward-sloping trend lines that have been containing the price action.
Key Observations:
Bullish Sentiment: The ascending channel indicates a strong bullish sentiment as it is formed by a series of higher highs and higher lows.
Support and Resistance: The lower trend line serves as support, while the upper trend line acts as resistance.
Trading Strategy: Traders might consider buying at the lower trend line or on a breakout above the upper trend line.
Trade Execution:
Entry Point: A pullback towards the lower trend line could be a potential entry point, offering a favorable risk-reward ratio.
Stop Loss: A stop loss can be placed just below the lower trend line to protect against a potential breakdown.
Take Profit: The height of the channel can be used to project potential take profit levels, either from the point of entry or from the upper trend line if trading a breakout.
Risk Consideration:
Ensure to monitor for any signs of a breakdown below the lower trend line, which could invalidate the pattern.
Adjust positions according to the evolving market conditions and maintain a disciplined approach to risk management.
Trade ideas are speculative and should be considered within the context of your overall market analysis and trading strategy.
This trade idea is based on the ascending channel pattern, which is a common bullish signal in technical analysis. It’s important to combine this with other indicators and market analysis for a well-rounded trading decision. Happy trading!
Bitcoin - BTCUSD 1hr Just so we are clear... I do not trade crypto... but I can not help myself when I see a perfect setup. It's simple trading once again. we are in a bullish market so we are looking for buy opportunities.
*NFP week! We all saw it, Negative USD News!
BULLISH CONFIRMATIONS:
1. massive head and shoulders
2. Hammer above bearish trend high
3. Hammer above Daily Resistance
4. Higher highs above the previous shoulder
*Do not overthink it. We are in a bullish market with clean higher highs.
*Pay attention to Daily and Weekly Close
US30 finally breaking down? (sells from 39000.0)My bias for US30 this week is bullish, anticipating a further upward movement before encountering a 2-hour supply zone around 39000.0. Afterward, I expect a slowdown and distribution within this area before a potential downward move.
Upon receiving confirmation on lower time frames, selling could target the new trendline liquidity above the 23-hour demand zone. If this scenario doesn't unfold initially, I'll wait for a break in structure to the downside to buy back up, as the overall trend remains bullish.
My confluences for US30 Sells are as follows:
- Price changed character to the downside on the higher time frame
- Lots of liquidity to the downside i.e. trend line liquidity and equal lows.
- We've experienced lots of bullish pressure and now bulls are getting exhausted.
- Nice supply zone left on the 2 hourly that caused the move to the downside.
- In order for price to keep going up it must retrace for healthy price action to continue.
P.S. Given the shift in price action to the downside on higher time frames, it appears that a bearish trend is beginning as bullish momentum wanes. Nonetheless, it's crucial to stay flexible and responsive to price movements, adapting to whichever direction it ultimately takes.
US30 sellI had been waiting days for this move and during the week US30 had created equal highs and built liquidity where I was waiting for price to eventually tap into the main supply zone also taking out early sellers.
Upon seeing that volume was coming back into the market at around 2.30pm Uk time I set a sell limit @38950.00 with sl@39000.00 (risking 50pts). Zooming into the 1min once price entered into zone and broke structure to the downside this gave me added confluence.
TP1: 38800.00 TP2: 38650.00 TP3:38450.00 TP4: 38300.00
* Where has the market moved since I entered my trade? PROFITS
* If I looked at the market now, would I take the same trade? yes
* How do I feel about my trade? optimistic
* What do I like about this trade ? precise entry, patience stalking the move
* What do I dis-like about this trade now? nothing just that it may go into next week
* On a scale of 1 to 10, where would I rate this Trade now? 8/10
* If I were not in a trade now, would I take the opposite trade ? no
DOWJONES - Buy Zone!Hi there!
I'm a buyer on the DOW JONES:
-RMID (Range Manipulation Initiation Distribution)
-We have liquidity uptake.
-We're in an interesting zone.
-We have the optimal Fibonacci.
-We have accumulation before/on the zone.
-We're in the trend.
Let's not forget that we also have good profit results from companies, and we have Nvidia's report coming up, which looks very promising!
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Questions? Leave a comment!
DOW JONES: Mega sell signal formed.Dow Jones has hit the top of the 18 month Channel Up and is already being rejected, turning neutral on the 1D technical outlook (RSI = 51.769, MACD = 112.170, ADX = 21.784). This is a rejection that can evolve into a full bearish reversal as the 1W RSI broke under its MA trendline. This is important because every time this break out happened (dashed vertical lines), the index had technical corrections.
Inside the Channel Up those initially hit the 0.382 Fibonacci level. Consequently, we can target at least the S1 level (TP = 37,030) but it is equally likely to reach even below the 0.382 Fib and contact the 1W MA50.
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HDB NYSE | ELLIOTT WAVE COUNTS...Hey guys
Please have a look at the chart of HDB (HDFC BANK), it seems to be in the 2nd wave of its primary degree.
your inputs are highly appreciated.
pls follow and like share.
This chart is not a buy sell recommendation pls ask your advisor before any investment decision.
Regards
US30 MID TERM VIEW | 1hWe had a medium inducement which could lead to short term buys. These are the two scenarios what in my opinion should happen.
DBR = Drop Base Rally Demand Zone
LQP = Liquidity Pool
Arrows = inducement points
HTF = Higher Time Frame
DOWJONES - Buy Zone!Hi there!
I'm a buyer on the DOW JONES:
-RMID (Range Manipulation Initiation Distribution)
-We have liquidity uptake.
-We're in an interesting zone.
-We have the optimal Fibonacci.
-We have accumulation before/on the zone.
-We're in the trend.
Let's not forget that we also have good profit results from companies, and we have Nvidia's report coming up, which looks very promising!
🚀 If you liked it and want more, don't hesitate to subscribe and boost the post!
Questions? Leave a comment!
DOW JONES Short-term correction has began.Dow Jones (DJI) has had yesterday the strongest red 1D candle since February 13 and 2nd strongest since the October 27 2023 bottom. Just as recently as last week (February 26, see chart below) we called for a 'very clear bearish signal' as not only was the price near the top (Higher Highs trend-line) of the 1.5 year Channel Up but also the 1W MACD was on a Declining Histogram similar to the August 2023, December 2022 and August 2022 tops:
To get a better idea of the shorter term implications of that signal, we view Dow today from the 1D time-frame, where the 1D RSI has been on a Bearish Divergence (Lower Highs against the index' Higher Highs) December 19 2023. Again within the structure of the Channel Up, the same RSI pattern was formed during the August 01 2023 and December 2022 Higher Highs. Both declined by virtually the same percentage (-9.25%).
Such a decline would push the price as low as 35650, which is where the 1D MA200 (orange trend-line) currently is. Instead we would like, as mentioned, to keep a shorter term perspective here and time a 3-4 week target. Once the 1D MA50 (blue trend-line) breaks, it will be the most optimal sell confirmation, with a conservative short-term Target being Support 2 at 37120.
Notice that this would be near the 0.5 Fibonacci retracement level of the Channel and if it takes place in early April, it will be as close to the 1D MA200 as possible. In any case, the 1D RSI touching the 30.00 oversold barrier, is technically always a solid level to start buying again for the long-term. Note also how the current top is virtually the same rally % (+21.00%) as December 13 2022. This shows that we shouldn't neglect the symmetry of waves within this long-term Channel Up.
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US30 H4 | Potential bullish breakoutUS30 is rising to the buy entry level. It could potentially breakout of the buy entry and rise to the take profit.
Buy entry will be at 38767.90, the overlap resistance that aligns with the 38.2% Fibo retracement.
Our take profit will be at 39168.70, the swing-high resistance.
The stop loss will be placed at 38445.95 the swing-low support.
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US30 BEARS ARE GAINING STRENGTH|SHORT
Hello,Friends!
We are going short on the US30 with the target of 33869 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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DOWJONES - Buy Zone!Hi there!
I'm a buyer on the DOW JONES:
-RMID (Range Manipulation Initiation Distribution)
-We have liquidity uptake.
-We're in an interesting zone.
-We have the optimal Fibonacci.
-We have accumulation before/on the zone.
-We're in the trend.
Let's not forget that we also have good profit results from companies, and we have Nvidia's report coming up, which looks very promising!
🚀 If you liked it and want more, don't hesitate to subscribe and boost the post!
Questions? Leave a comment!
UPDATE: US 30 trend trading haven to 40,000This is a bit out of my expertise.
THe price broke above the pattern and reached the first target.
Since then it's bneen a trenders market. Simply buying, holding and raising stop losses above in case the trend changes.
They have their systems and strategies, and I'm just waiting for a Breakout pattern to form.
However, the price is above both 20MA and 200MA which makes the bias continued to be bullish.
The next target I can imagine is none other than a psychological level at 40,000.
Then we could see consolidation and range boundedness for a while.
The Dow Jones index fell
By examining the trend in the four-hour time frame, the Dow Jones index has an important support range in the range of 38,799-38,645, and it seems that if it is maintained, the rate can increase up to the resistance of the middle level of the upward channel at the limit of 39,509.
US30 Short Sell Trade!Hellllooo! I just analyse the US30 chart and I am looking a good sell here if you trust on my analysis so comeon let's book this opportunity together!!!
DOWJONES - Buy Zone!Hi there!
I'm a buyer on the DOW JONES:
-RMID (Range Manipulation Initiation Distribution)
-We have liquidity uptake.
-We're in an interesting zone.
-We have the optimal Fibonacci.
-We have accumulation before/on the zone.
-We're in the trend.
Let's not forget that we also have good profit results from companies, and we have Nvidia's report coming up, which looks very promising!
🚀 If you liked it and want more, don't hesitate to subscribe and boost the post!
Questions? Leave a comment!
US30 Will Move Higher! Buy!
Here is our detailed technical review for US30.
Time Frame: 5h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 39045.90.
Considering the today's price action, probabilities will be high to see a movement to 39207.36.
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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