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Dow30analysis

Dow 30 Tanks! Short Trade Hits First Target – More Downside?The Dow 30 (DJIA) has shown significant bearish momentum, with the short trade reaching Take Profit 1 (TP1) at 42855.11. Key Levels Entry: 42975.00 – The short position was entered as the price broke below this level, indicating bearish sentiment. Stop-Loss (SL): 43072.00 – Placed above recent resistance to protect against a potential price reversal. Take Profit 1 (TP1): 42855.11 – The first target has already been reached, confirming the downward move. Take Profit 2 (TP2): 42661.11 – The next target as the bearish trend continues. Take Profit 3 (TP3): 42467.11 – A further target if selling pressure persists. Take Profit 4 (TP4): 42347.22 – The ultimate profit target signaling a continued decline. Trend Analysis The price has dropped below the Risological Dotted trendline, confirming the strength of the bearish trend. With TP1 already hit, further downside potential is in play, with the price likely to test TP2 and beyond. The short trade on the Dow 30 has successfully hit its first profit target, with further targets likely if the current bearish trend holds. The strong downward move suggests that TP2 and TP3 could be reached in the near term.
BLACKBULL:US30Short
by ProfitsNinja
US30/DOW30 - Preparing stageTeam, we are preparing to short US30 once the price set up confirm at 41035-50. However if the price continue to pass the above price 41150 then we need to review again. Please do not enter yet. We would prefer to trade during US marketing opening. if it go according to our plan, Short will be place around 41035-50, with stop loss at 41232.40 TARGET 1 - 40898.40 TARGET 2 - 40603.10 TARGET 3 - 40297.70 We will update once we are in the market, please check our update comment below the chart. Thank you
PEPPERSTONE:US30Short
by ActiveTraderRoom
1
US30 Dow Jones Technical Analysis and Trade IdeaThe US30 Dow Jones index is currently exhibiting a range-bound behavior on the four-hour time frame. Essentially, it has been oscillating within a specific price range. Now, the interesting part is that this range-bound condition opens up potential trading opportunities in either direction. The movement of the US30 is closely tied to the strength of the US dollar (represented by the DXY index). Here’s how it breaks down: If the US dollar gains further strength, we might witness a bearish move in the Dow Jones. Conversely, if the US dollar retraces significantly (especially considering its current overextended bullish state), strength could flow back into the US30. Our primary focus right now is on a breakout from this range. Keep an eye on two critical levels: High of the Range: A decisive break above the upper boundary of the range could signal a bullish move. Low of the Range: Conversely, a breakdown below the lower boundary might trigger a bearish move. Remember, this analysis serves informational purposes only. As a trader, always make independent decisions based on your risk management strategy. Happy trading! 🚀📈 And, of course, keep in mind that this content does not constitute financial advice. 🛡️🌟
FOREXCOM:US30
by tradingwithanthony
YM1! US30USD DOW 2023 Mar 20 YM1! US30USD DOW 2023 Mar 20 During the week, the formation of A-A1 rotation offered rotational play opportunity. Demand has built up, with weekly bar showing loss of selling momentum. But it takes time for the vessel to turn, so wait for support to manifest before going long Possible scenarios: 1) Rotational play between 31750 - 32600 (approx 850pts range) 2) Continuation long = long on retracement, to test 33590 3) Short if 31747 was broken through and becomes resistance Volume Analysis: Weekly: Higher vol, narrower spread down bar close off low = reduced downward momentum Daily: Ave vol down bar close toward off (non-trend changing) Price reaction levels Short on Test and Reject | Long on Test and Accept 34689 32789 31747 31097 30513 Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677
YM1! US30USD DOW 2023 Mar 13 YM1! US30USD DOW 2023 Mar 13 Short on reject of 32789 offered very good returns for those who were able to trade during the US afternoon hours. Ease of movement to the downside observed. Possible scenarios: 1) Short on test and reject of 32789, possible target 31100 Volume Analysis: Weekly: Ave vol down bar close toward low (non-trend changing) Daily: Low vol E=R down bar (non-trend changing) Price reaction levels Short on Test and Reject | Long on Test and Accept 34689 32789 30513 28635 Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677
DOW30- Will CPI data trigger a break and a push above 35k?After the double bottom under 29k and a break above descending trend line resistance, Dji has started to consolidate (as if it was waiting for Nas100 and SP500 to catch up, and now are all aligned:) ). Technically, the picture is bullish and crystal clear, with a price waiting for a trigger to break above the triangle's resistance. CPI could provide this trigger and, in such an instance, bulls could push Dow above 35k. P.S: I don't think we are out of the woods and this optimism will last, but I've learned to now argue with the market
TVC:DJILong
by Mihai_Iacob
15
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 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:US30USDShort
by OANDA
Buying DOW at 4H candle closes.DOW30 - Intraday - We look to Buy at 32811 (stop at 32561) The medium term bias remains bearish. The 261.8% Fibonacci extension is located at 28943 from 34939 to 32649. Bespoke support is located at 28933. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Our profit targets will be 33558 and 34093 Resistance: 33558 / 34093 / 35000 Support: 32810 / 32709 / 28943 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
WLong
by Saxo
US30 (High Probability SELL Setup SOON)!! Here we can see clearly the next move for US30 today, we've got a clear Bearish Symmetrical Triangle, which shows us a clear SELL Setup SOON, We're using M15 TF for a clearer view of our analysis, hence we can't predict the duration of the setup execution, We've got our EP (blue line) & our TP (golden line), Keep a close eye on US30 today, especially with the release of U.S. NFP at 1:30 (GMT+00:00) London Time Zone, HAPPY PIP HUNTING TRADERS. FXKIllA.
FX:US30Short
by FX-PIPHUNTER
4
Selling US30 at current resistance.DOW30 - 24h expiry - We look to Sell at 29575 (stop at 29986) The primary trend remains bearish. We are assessed to be in a corrective mode higher. Prices expected to stall near trend line resistance. Preferred trade is to sell into rallies. Our profit targets will be 28614 and 28400 Resistance: 29660 / 32700 / 36800 Support: 28600 / 26000 / 24000 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:US30USDShort
by OANDA
US30USD YM1! DOW 2022 JULY 18 Week US30USD YM1! DOW 2022 JULY 18 Week Last week, rotation strategy worked well again. Point to note for Dow, unlike NASDAQ and SNP, we didn't see bullish volume returning. So we will still adopt the rotation strategy. Also with minor strength on Weekly tf, we can also look for long oppportunity on retracement. Possible scenarios: 2) Market rotation = trade at boundary of range 3) Behavior change scenario 4) Trend continuation - channel boundary trades Price reaction levels Short on Test and Reject | Long on Test and Accept 32563 31867 30406 29639 26212 Weekly: Ave vol down bar close toward high = minor strength Daily: Ave vol u bar close at high = minor strength H4: Very high vol narrow spread up bar close off high followed by ave vol tiny spread up bar = weakness Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677
Is Breakdown ahead? DOW 30 "DJI"This Analysis of DJ:DJI is not a trade recommendation, this study is purely for education purpose only, Do your own Study and Research before getting into any trades. On analyzing the daily chart of DJ:DJI it is observed that whenever a Head & Shoulder pattern was formed, index gone through a breakdown most of the time. This time also the pattern it forming is somewhat like a Head & Shoulder Pattern. So what will happen next will be much interesting to observe. Is a breakdown ahead? or not ? Will history be repeated ? or not ? Lets wait and watch...
DJ:DJI
by Abhi_The_Chart_Reader
US30USD YM1! DOW 2022 APR 25 Week US30USD YM1! DOW 2022 APR 25 Week Scenario1 Rotational play between 34220-35330 yielded good result. On Friday we saw Scenario 2 with breakdown of 34220 short. Market should be attempting 33433 next, and then the 32427-32167 region. Should market reach 32427-32167, wait for price reaction. Play scenarios mapped out: 1) Test of 34220 breakdown, and continue toward 32167-32427 region 3) 32167-32427: If level is broken and later market returns to this area, and is supported, next may be an attempt for an upward move 3) 33433 is supported and market attempt higher levels. Price reaction levels Short on Test and Reject | Long on Test and Accept 36446 35750 35330 34945 34367 34220 33427 32492 32167 Weekly: Average volume wider spread down bar close off low = weakness with some demand Daily: High volume down bar closing off low = weakness with some demand H4: UHV bearish absorption + high vol down bar closing at low = weakness Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677
US30 Price action Breakdown 3/10/22I think US30 can continue bullish until it reaches the 4H TF trendline where there could be a huge rejection and the continuation of the bearish trend. With the increase in prices due to inflation and recent sanctions, the economy could take a hit and lead to a huge sell off in the markets. We will see what price decides to do during the NY open tomorrow. 1.Price is forming higher lows 2. A break below 33040, can continue bearish until the bottom of the range at 32900 3. A break and close above 33275 can continue bullish until the high at 33420
U
by dreadhead4_life