US30 SHORT BIAS (UPDATED)!Hello beautiful people!
US30 video was deleted by the platform due to an error on my side, however the good news is i have analysed US30 to DATE!
Enjoy! :)
DOW
DOW before the Great Depression is a blue-print for todayOn the left you see Dow Jones after the Dotcom and Mortgage crises until today and on the right Dow from the late 1800s leading to the 1930-32 Great Depression, both on the 1M time frame. Do you notice any similarities?
The blue line is the 1M MA50 and the green line the 1M MA100. The Megaphone pattern that started the long term rallies on both is evident. Not as a forecast but for keeping some perspective, we added Bitcoin's price action (orange line).
One last 5-6 year mega rally may be in order before a greater market correction.
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DOW JONES: Holding above the 1D MA50.Dow Jones closed Friday clearly above the 1D MA50 (blue), switching its 1D technicals back to neutral/ bullish (RSI = 54.657, MACD = 2.080, ADX = 14.593). Following the Golden Cross on December 14h, the index is well supporting both on the former Lower Highs Resistance of the Bear Market as well as a Higher Lows line that started on the June 17th Low.
The latter fits the support of a potential Inverted Head and Shoulders pattern that Dow may be trading in. As long as the 1D MA200 (orange) holds, the index targets the 35,400 - 35,800 Resistance Zone. If the 1D MA200 breaks, it targets the 30,200 - 29,700 Support Zone.
It is important to mention that the 1D MACD is on a Bullish Cross, historically a bullish medium-term signal.
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FEDEX #fdx - Fedex #fdx is in a clear sell/short range now. if the market is able to continue the momentum we could see #fdx reach 205/210 level but needs alot of liquidity to break resistance. the stock clearly respects the trend lines on the chart based on its history.
likely downside levels 120 short term, 106 and lastly below 100.
its best to wait and let it play out itself for the next 2 weeks to get clarity and possibly short for a good 50% return.
DOW JONES On familiar 1W MA50 Support, ready for a +50% rally.The Dow Jones Industrial Average (DJI) has been holding the 1W MA50 (blue trend-line) as Support, closing all weekly candles above it since November 07 2022. This on its own is a major bullish pattern, but if we look on a much long-term, decade long perspective, we can see an even higher significance it historically has on the price action.
As you see on this 1W time-frame, ever since Dow's recovery from the 2008/09 Housing Crisis and the first touch of the 1W MA200 (orange trend-line) on August 2011, every time it bounces and recovers the 1W MA50, holding it as Support (blue circles), the index has grown from that bottom to the next top a minimum of +50% (with 55% of January 2018 being the maximum).
At the same time, the 1W RSI breaks above a Lower Highs trend-line. This time the RSI broke and even held and bounced off that Lower Highs trend-line (green arrow).
This chart shows that Dow Jones is no stranger to this pattern and technically, as long as the 1W MA50 holds, we should be treating it as a major bullish signal. A potential new +50% 2-3 year rally puts the target at 49000.
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Selling DOW's early optimism.DOW30 - Intraday - We look to Sell at 33803 (stop at 33953)
A Fibonacci confluence area is located at 33803.
There is scope for mild buying at the open but gains should be limited.
Although the anticipated move lower is corrective, it does offer ample risk/reward today.
Further downside is expected and we prefer to set shorts in early trade.
Bespoke support is located at 33310.
Our profit targets will be 33310 and 32760
Resistance: 33803 / 33987 / 34410
Support: 33310 / 32758 / 32441
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DJI Potential For Bullish ContinuationLooking at the H4 chart, my overall bias for DJI is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a buy entry at 33418.59, where the 23.6% Fibonacci line is. Stop loss will be at 32581.97, where the recent low is. Take profit will be at 34595.51, where the recent swing high is.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Dow 4hour say = fibo 61% is dow 1st target ,it can go to 38000STRONGLY ADVICE DONT PICK SELL ABOVE EMA200 DAILY 32700
dow frist want touch fibo61%=34200 but in next 6 month it can go to fibo 161% near 38000 so 90% looking for buy but very low size
good luck
DOW JONES: Testing the 4H MA200 for the 1st time in 3 weeksDow Jones broke today the 33,460 - 33,500 Resistance Zone that was intact since December 22nd. At the moment it is attempting a test of the 4H MA200, the first since December 15th. Trading within a Channel Up and with 4H technicals bullish (RSI = 62.540, MACD = 15.660, ADX = 24.447) while the 1D MACD is about to make a Bullish Cross, we expect a strong bullish trend if the price breaks and closes above the 4H MA200, with 34,900 (December 13th Resistance) the Target. Preferably we would like to see a break above the Channel Up as well.
A break below the Channel Up will be a short-term sell opportunity with the 1D MA200 as the target, while further break below it, will target the 31,710 Support (November 3rd).
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Looking to sell US30 back down to key areas notedYes we are Back.
It's been a while, here is our trade idea on the US30 this afternoon
Lets see what the volatility this afternoon has in store for us.
If we clear the range we see no reason why the DOW cant have another leg down similar in size to the one preceding this shrinking chop box.
DJI Potential For Bearish ContinuationLooking at the H4 chart, my overall bias for DJI is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 33462.65, where the 38.2% Fibonacci line is to clear out the liquidity hotspot. Stop loss will be at 34243.87, where the 78.6% Fibonacci line is. I am looking to take profit at 32485.23, where the previous lows and liquidity lies.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
DOW JONES Critical session tomorrowThe Dow Jones Industrial Average (DJI) remains within the medium-term Triangle pattern that is trading since December 16 and broke today above both the 1D MA50 (blue trend-line) and 4H MA100 (green trend-line). The two have formed a Bearish Cross and the last two times this pattern emerged was on September 12 and May 04, both Lower High rejections that led to new market Lows.
The 1D RSI pattern however shows that we may already be on a market Low and if we close a 2nd straight green 1D candle (tomorrow), it invalidates all prior bearish bias. In that case, we will target again the 34300 Resistance (August 16 High) and the 34910 Resistance (December 13 High).
The index turns bearish if it breaks below the 1D MA200 (orange trend-line), which made a perfect bounce on December 20. In that case we will target 31725 (Support 1) on the short and 30100 (Support 2) on the long-term.
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DOW Jones about to pop!Retraced back to mean and is consolidating, waiting for breakout above consolidation range for entry. Could form a second peak and form a H&S especially if recession hits through 2023.
Buy the break above 12,950.
TP1: 13,000
TP2: 13,090
TP3: 13,160
If price breaks below 12,799, short.
TP1: 12,750
TP2: 12,700
TP3: 12,650
DJI Potential For Bearish ContinuationLooking at the H4 chart, my overall bias for DJI is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a sell entry at 33418.59, where the 38.2% Fibonacci line is to form a triple top retail formation. Stop loss will be at 34243.87, where the 78.6% Fibonacci line is. I am looking to take profit at 32485.23, where the previous lows and liquidity lies.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
YM1! US30USD DOW 2023 JAN 01
YM1! US30USD DOW 2023 JAN 01
Welcome us to 2023. Wishing you much trading success
for the new year and great health!
Possible scenarios:
1) Short on rejection at 34607 / 32789
2) Long if supported at 30513 / 28635
Weekly: Low vol down bar close at middle = indecisive
Daily: Low vol down bar close toward high = No Supply
H4: High vol up bar closed at high = demand
Price reaction levels
Short on Test and Reject | Long on Test and Accept
35750 35330 34605-34283
33455 32789 30513
28635
Remember to like and follow if you find this useful.
Have a profitable week ahead.
DJI still bearishIn our view, DJI remains bearish .
What we can see on a chart is a potential deviation in a well-defined downtrend .
RSI looks weak and remains in a downtrend.
As we're bearish on other major idicies such as SPX:
We expect that DJI will continue going down.
Long-term targets and potential path for DJI are shown on the chart.
Good luck
DOW JONES Will it invalidate the 2022 bearish fractal?The Dow Jones Industrial Average (DJI) has been stuck within a Triangle pattern (dashed lines) since it hit and bounced on the 1D MA200 (orange trend-line) on December 20 but has a clear rejection on the 4H MA100 (green trend-line), which is the short-term Resistance. At the same time we can also see that the 1D MA300 (yellow trend-line) has also resumed its old role as a Resistance, having kept the index below it form April 22 to November 10 earlier this year.
The 1D MA50 (blue trend-line) is now the pivot but technically in 2022 when it broke as Support, Dow kickstarted major sell-offs. Both on April 22 and August 28, the major sell-off were confirmed and Dow extended the selling to a new market (Lower) Low.
This is however the first time since December 20 2021, so basically a whole year, that the 1D MA200 is acting as a Support. At the same time, the RSI on the 1D time-frame is more similar to the May 20 and September 27 lows.
As a result we have technical proof to believe that as long as the 1D MA200 holds, Dow Jones has more probabilities to attempt a test on the 34300 former Resistance (August 16 High) and then move for the 34910 December 13 High. Closing above the 4H MA100 will confirm this move.
A closing below the 1D MA200 however has more chanced of testing the 31725 (Support 1) and 30100 (Support 2) levels successively.
Notice how proportional the Bottom-to-Top and Top-to-Bottom sequences have been since the February 24 Low. If the symmetry continues to hold and of course assuming Dow breaks below the 1D MA200, the next low should be around early February 2023.
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DISNEY #DIS Buy Entry#disney looks good at $75, 3 trend line crossing each other to show support along with 100EMA . should see a big bounce from $75
DJI Potential For Bearish ContinuationLooking at the H4 chart, my overall bias for DJI is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a sell entry at 33498.93, where the 38.2% Fibonacci line is to form a triple top retail formation . Stop loss will be at 34243.87, where the 78.6% Fibonacci line is. I am looking to take profit at 32485.23, where the previous lows and liquidity lies.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Classic bull flag setupEverything is in the chart.. classic bull flag setup on $ulta. Financials are great, EPS is solid, basically recession-proof at the moment.
CALLS idea - wait til retest of 410-420 and grab $500 calls 2 months out.
PUTS idea - wait til top of channel is hit then grab 430 puts 1 month out.
This is not financial advice, just for fun!
Sells still on, Dow 30!US WALL ST 30
Some down time for the Dow, Sells for now, see related idea for info on sell trades.
Heed your DD!
BITCOIN has always started a rally when Dow did this.This is the Dow Jones Industrial Average Index (DJI) against Bitcoin (BTCUSD) illustrated by the black trend-line. Every since September and the touch of its 1M MA50 (blue trend-line), Dow has been rallying, having recovered more than 50% of the 2022 losses.
With regards to Bitcoin, perhaps the most important development is that Dow is rebounding after its 2M RSI bounced off the Support that is holding for more than 10 years (since 2011). This level has always started BTC's strong rally within Dow's Secular Macro Bull Cycle (SMBC). At the same time the LMACD made a Bullish Cross shortly after. Right now the indicator is close to making the first Bullish Cross since October 2020.
Is this time different?
Feel free to let me know in the comments section below!
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** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. **
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You may also TELL ME 🙋♀️🙋♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁
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