US30 D1 - Short SignalUS30 D1
The US30 could undergo another substantial selloff, and we've begun to decisively resist the 34,150 price level, as previously anticipated.
Our response may not have been as swift as I'd prefer, but it's worth noting that we closed yesterday's D1 candle in the red, indicating a renewed bearish sentiment today. We remain optimistic about the possibility of seizing short trading opportunities in alignment with the ongoing trends on both the US30 and NAS100 indices.
D-US30
US30 4H :Trying to start the correction US30
New forecast
The index price failed to resume the upward attack due to its encounter with additional resistance near 34150. We notice the beginning of its formation of a downward corrective creep, thus settling currently below the level of 34050. We expect the downward corrective attempts to continue making profits for the current period, and we expect it to sneak towards 33832. By breaking this obstacle, trading may extend towards 33600, which may form In turn, additional support against bearish trades.
Therefore the negative correction it will be remain valid as long as price trade under 34150 ,As for the price’s success in penetrating the resistance 34150 and holding above it, this will open the door to resuming the upward attack. We expect the price to target directly the level of 34292, arriving towards the next main target represented by the level of 34432.
The expect range trading for today it will be between the resistance line 34150 and support line 33832 .
Additionally Today ,New York sessions will affect on the Indices .
support line : 33832 , 33600
resistance line : 34050 , 34150
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US30 H4 | Bullish bounce off 23.6% fibo?Price could fall to our buy entry at 33759, which is a pullback support level, aligning witht he 23.6% fibo retracement level. Our stop loss is at 33340.2, which is beyong the 38.2% fibo retracement and 78.6% fibo projection. Take profit is at 34162.8, which is a multi-swing high resistance level.
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DOW JONES Technical pull back ahead of Golden Cross (4h).Dow Jones is on course to form a Golden Cross on the (4h) time frame within 2 days.
Despite being bullish medium term, this pattern has caused a minor short term pull back all the prior 3 times it emerged in 2023.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 33750 (-1.20% decline, same with all previous cases).
Tips:
1. The RSI (4h) got overbought on Friday, as it had done all of the previous 3 fractals we are looking at that preceded the Golden Cross (4h). An additional sell signal.
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Notes:
Past trading plan:
Bearish continuation of spooz and nasdaqIm going to watch the price action when it hits my entry point on daily chart based on monthly PD arrays. I am anticipating the current weekly candle to close bearish initiating the sell move on Wednesday and Thursday most probably. Markets could go higher and definitely could take the resent daily swing high. But if it does that today or tomorrow on Tuesday then Wednesday will be a good time to look for the perfect selling opportunity around 10-11 AM or 02-03 PM ET. Look for price to break structure on at least H1 and H4 chart, once its done, wait for retracement and get into it. Only trade for study purpose on demo.
US30 4H : above 34150 will rise up again US30
New forecast
The price perfectly fulfills my last idea and price reached to our first target .
The index price rose over the past week and confirmed its surrender to the control of the bullish tendency by surpassing the support centered at 33770 and holding above it, achieving new positive gains by reaching about 34148,waiting for positive impulse to stable above 34150 and then our positive will be 34292 and extend to 34432. so the main condition to be uptrend is stability above 34150.
Therefore the uptrend scenario will be remain valid and affective supported by moving average 50 ,Taking into account that stabilized under 34052 level this may force it to form a temporary bearish corrective bounce to target the 33832 level and then will rise up.
The expect range trading for today it will be between the resistance line 34292 and support line 34052 .
Additionally Today ,New York sessions will affect on the Indices .
support line : 34052 , 33832
resistance line : 34150 , 14292
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
US30 D1 - Short SignalUS30 D1
The downtrend remains evident. We find ourselves perched at a critical supply level, which has historically served as both a support and resistance area.
Notably, last week's move covered an impressive 1,700-point range. As highlighted in our recent IG video, we are keenly interested in exploring short positions, not only for potential corrective maneuvers but also in anticipation of a sustained continuation of the prevailing trend.
Analysis: US30/USD Head and Shoulders Continuation TradeAnalysis: US30/USD Head and Shoulders Continuation Trade
Based on the head and shoulders continuation pattern in US30/USD and the expectation of reaching all-time highs soon, i have identified a trade opportunity. With a buy entry at 34370.4, a stop loss at 32448.9, and a take profit at 38524.0, i have defined your risk and reward targets. Here is an analysis of the trade setup you provided:
Index: US30/USD (Dow Jones Industrial Average)
Entry Price: 34370.4
Stop Loss (SL): 32448.9
Take Profit (TP): 38524.0
Head and Shoulders Continuation Pattern:
i have identified a head and shoulders continuation pattern, which suggests that the previous uptrend in US30/USD may continue. This pattern typically indicates a temporary pause or consolidation in the upward movement before the trend resumes.
Entry Point (34370.4):
i have chosen to enter the trade at 34370.4. The entry point should be determined based on my analysis of key support and resistance levels, trend lines, or other technical indicators that confirm the continuation of the upward trend following the head and shoulders pattern.
Stop Loss (32448.9):
The stop loss is set at 32448.9, placed below a significant support level or the pattern's neckline. It serves as a risk management tool to limit potential losses if the price moves against your trade.
Take Profit (38524.0):
my take profit level is set at 38524.0. This level represents my target for closing the trade and taking profits. It should be determined based on resistance levels, Fibonacci extensions, or other technical indicators that suggest potential areas where the price might encounter selling pressure or reach all-time highs.
Please note that while historical patterns and trends can provide insights, market conditions can change rapidly, and it's important to monitor price action and adjust your trade management accordingly. Consider fundamental factors, economic data, and news events that may impact the US30/USD index.
Ensure you conduct your own comprehensive analysis and use risk management strategies to protect your trading capital. Following a well-defined trading plan and remaining disciplined are essential for successful trading in the financial markets
US30 short term Shorts towards 33000.0As I am still bullish on US30 this idea is a temporary move that I see playing out due to the past couple days being very bullish. As im expecting a pull back/retracement of some sort, I will be looking to take the sells at the 22hr supply zone. I will wait and see for price to show me its hands then go from there. As price hasnt slowed down yet im still waiting for price to distribute soon so we can take sells back down towards 33000.0
Scenario (A) - Is just for price to enter an area of supply which is at the 22hr supply zone. Then we will need our lower time frame confirmation to tell us that price is ready to drop like a choch and a wyckoff distribution. There is a 3hr supply below however, I feel like it will get violated hence why I will be waiting for the 22hr as that zone has also swept liquidity above.
Scenario (B) - Is for Price to sweep this major high and retrace back down towards our designated target around 33000.0. This is were im expecting price to slow down and accumilate orders for us to start entering our buy positions. Then from there we will ride with the trend up to maybe new higher highs.
Confluences for US30 shorts are as follows:
- Dollar has shifted trend to the downside so im expecting this market to be bullish.
- Price has had a lot of impulsive moves to the upside that it needs to come back and retrace back to.
- Price is approaching level of strong supply that will potentially cause price to come back down to a cheaper price so we can enter our buys.
- There are lots of imbalances below as well on HTF and if price wants to continue going back up it needs to retrace and pick up liquidity to beign a new rally.
P.S. I am expecting US30 to make new ATH's so if we get into buys we could possibly hold all the way to premium price levels. This is also backed by DXY as if thats now going down I will be expecting this market to rally up even more. In addition to this, sentiment analysis also expects US30 and NASDAQ to be very bullish which adds to our confluence for FUTURE buys!
US30 After the FED, 36,000 incoming!Regarding yesterday's trading day:
Checked progress for the American index, which closed up by 0.66%. The start of the day was quite promising for the index, marking an initial price at 33,988.8 points, staying above the peaks from November 2nd and continuing to rise during the session.
Currently, the short-term outlook for the Dow Jones indicates a strong ascent with a target set at 34,438.8. In case of a temporary correction, the immediate target is seen at 33,306.4. However, expectations are for the curve to rise further to reach the peak at 35,571.1.
Resistance 2:
34,438.8
Resistance 1:
34,061.3
Support 1:
32,551.5
Support 2:
0.7642
DOW JONES Above the 1day MA50 after almost 2 months!Dow Jones / US30 crossed on Friday over the 1day MA50 for the first time since September 15.
It hit Resistance A (34150) which was the October 17th High and completed so far 5 green days in a row almost at the top of the Bearish Megaphone.
The long term pattern is a Channel Up, so there is still considerable upside left.
The 1day RSI also crossed over its Falling Resistance much like the March 29th fractal, which after a short consolidation on Resistance A, it hit Fibonacci 0.786.
Buy if the price crosses over the Bearish Megaphone and target 34950 (0.786 Fibonacci).
Previous chart:
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