DOWJONES US30 Multitimeframe analysisUS100 and 500 are almost completely the same with this analysis
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Dowjones
DowJones (US30) Bearish patterns and signsIn this 1-hour chart of DowJones (US30), we observe a significant bearish pattern forming after the price action. The market hunted the highs of both the Asia and Euro sessions during the NY session, which typically signals a liquidity grab. This maneuver often leads to a swift reversal, as is evident by the price dropping back down after touching the resistance zone.
The index has broken down from a rising wedge pattern, a bearish reversal signal. This suggests that after the false breakout to the upside, the DowJones is poised for a considerable decline. Traders should anticipate further bearish momentum, potentially leading the index down to lower levels. The break below the wedge confirms that the upward momentum has weakened, and sellers are likely to dominate, pushing the price down further.
Keep an eye on support levels for any potential slowdowns, but the overall trend appears to be bearish for the immediate future.
NASDAQ INDEX (US100): Potential Scenarios Ahead of FOMC
NASDAQ Index is currently consolidating within a horizontal range.
Most likely, the market participants are waiting for the FOMC tomorrow.
Depending on the reaction of the market to the boundaries of the range,
I see 2 potential scenarios.
Bullish Scenario
If the market breaks and closes above 19115 the resistance of the range,
with a high probability, a bullish rally will continue.
Bearish Scenario
If the Index breaks and closes below 18880 the support of the range,
it may initiate a correctional movement.
I think that US100 may keep being weak before the news release.
Let's see what direction the market will choose tomorrow.
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DJ30 FORECASTBased on the OANDA:US30USD chart, the price at 38790.0 is above the pivot point of 38753, indicating a bullish sentiment. If the price stays above this pivot, it could move towards Bullish levels at 38906 and 39022. Conversely, if it drops below the pivot point, it could target Bearish levels at 38637 and 38484. The current bias is bullish, but close monitoring around the pivot point is essential to confirm the market direction.
Key Levels:
Bullish Lines: 38818, 38906, 39022, 39165
Pivot Line: 38753
Bearish Line: 38637, 38484, 38279
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. 🛡️🌟
XAU/USD : Possible of Growth ? Let's See ! By analyzing the #gold chart in the 2-hour time frame, we can see that the price has finally dropped below the $2,300 level and reached the demand zone at $2,288. As you can see, the initial reaction to this level has been positive. Only if the price stabilizes above the $2,277 to $2,288 range can we expect further short-term growth in gold. With the significant drop in gold, a large FVG (Fair Value Gap) and LV (Liquidity Void) have been created, which I expect will be filled in the medium term. The expected return of this analysis is a minimum of 40 to 100 pips, and in the best-case scenario, up to 700 pips.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
US30 (Sensitive movements)Technical Analysis
The price movement will be influenced by the Non-Farm Payroll (NFP) and Unemployment rates. Based on current expectations, the price is likely to exhibit a downtrend, though the market may experience random fluctuations.
There is a possibility for a retest up to 38,790, followed by an upward push towards 39,050.
Bearish Scenario: If the price breaks below the support level at 38790, it could decline to 38580. Sustained trading below this level may lead to a further drop to 38400.
Bullish Scenario: Stability above 38,790 indicates a potential bullish trend, targeting 39,050.
Pivot Line: 38790
Resistance Levels: 39050, 39350, 39700
Support Levels: 38580, 38400, 38290
Today's expected movement range is between the support level at 38400 and the resistance level at 39350
Summary:
Downtrend Expected: Market influenced by NFP and Unemployment rates.
Potential Retest: Price may rise to 38,790.
Upward Movement : Post-retest, the price could push up to 39,050.
previous idea:
Trade Like A Sniper - Episode 20 - DJI - (6th June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions.
A couple of things to note:
- I cannot see news events.
- I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range.
- I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks
In this session I will be analyzing the Dow Jones Industrial Average Index (DJI), starting from the 6-Month chart.
APPLE (AAPL)Apple's innovation shown in iPhone 14 is not likely enough to entice consumers to stretch their budgets in the current macroeconomic environment
40% of Warren Buffett portfolio still belongs to Apple?! for most people and traders I think its a slow asset class and like Tim Apple! sorry Cook ,Warren like to play safe too
Apple price showed a good reaction to 135 support and now heading to 149, for Scalpers breaking 150 resistance can be a good long opportunity and for investors AAPL still can back to 125$ levels so
there is no reason to fomo
Dow Jones - All time high and 20% rally?Hello Traders and Investors, today I will take a look at the Dow Jones .
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Explanation of my video analysis:
For more than a decade, the Dow Jones has been trading in a rising channel formation. We had the first retest of support and resistance back in 2011 and ever since this was a massively profitable channel pattern. With the recent breakout above the $35.000 resistance level, the Dow Jones clearly looks like the next target is once again the upper resistance of the channel.
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Keep your long term vision,
Philip (BasicTrading)
DowJones US30 / DJ30 Bullish Money heist planMy Dear Robbers / Traders,
This is our master plan to Heist US30 Dow Jones Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. Our target is Green Zone that is High risk Dangerous level MA act as a Dynamic Resistance & Order Block, So the Market is overbought / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
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How to pick trades in different market conditionsIn the video I look at two different markets and the resultant setups which yielded the prime trades. The two markets had to be approached in different ways, especially early in the session.
I look through the price action on the DOW and then the Nasdaq. The DOW proved to be more clear cut and a trend style approach while the Nasdaq was very choppy and warranted a range or reversion style approach to the trades.
Still, both were tradable and produced some good scalps although the action had to be recognised early.
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DOW JONES The bleeding may not be over. How low will it go?On our last Dow Jones (DJI) analysis (May 24, see chart below), we called for the high probability of a bearish break-out below the Channel Down, following the 1D MACD Bearish Cross (similar to April 02):
As you can see, Dow delivered, so our 38350 Target got hit, with minimum losses on the buy position at the bottom of the Channel Up. Yesterday's rejection on the 1D MA50 (blue trend-line) though, is far from ideal and opens the way for more downside.
The chart shows DJI's long-term pattern, which has been a Channel Up since the October 03 2022 market bottom. The periodic corrections through Bearish Legs have both declined by -9.25%, a striking resemblance indeed. Yesterday's 1D MA50 rejection basically resembles those of the past Bearish Legs on March 06 2023 and October 17 2023.
Ahead of the 1D MA50/ 100 Bearish Cross, which could be completed by tomorrow, there is high probability for a deeper Low, at least as Low as Support 1 (37250). This would be ideal as it would also make contact with the 1D MA200 (orange trend-line) for the first time in 7 months (since November 03 2023)!
After that though, we will turn into long-term buyers again, even though that wouldn't complete the -9.25% decline of the previous Bearish Legs, but in terms of R/R would be acceptable enough to aim for 40000 before the Channel Up goes for a Higher High.
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US30 (Consolidation zone) Technical Analysis
The price increased by approximately 1.95%, perfectly reaching our previously mentioned targets.
Today’s Outlook: The price is expected to consolidate between 38,580 and 38,790 until a breakout occurs.
Bearish Scenario: If the price breaks below the support level at 38,580, it could decline to 38,400. Sustained trading below this level may lead to a further drop to 38,050.
Bullish Scenario: Stability above 38,790 indicates a potential bullish trend, targeting 39,050.
Pivot Line: 38580
Resistance Levels: 38790, 39050, 39350
Support Levels: 38410, 38020, 37820
Today's expected movement range is between the support level at 38400 and the resistance level at 39050
previous idea:
US30 H4 | Bearish drop?Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 39,353, which is a pullback resistance close to 61.8% Fivo retracement.
Our take profit will be at 38,617 a supoprt support level.
The stop loss will be placed at 39,898, an overlap resistance level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
US30 Trading Plan - 02/Jun/2024Hello Traders,
Hope you all are doing good!!
I expect US30 to go Up after finishing the correction.
Currently US30 has given a nice impulse showing us that buyers are interested to enter the market for pushing US30 upside.
Plan to Trade:
If market starts to correct from current levels without going further to 39k level, then any correction towards highlighted zone will be a potential BUY.
The first target level to look for reaction will be 39k & if it corrects here then the next target will be around 39.5k level.
If market keeps on pushing towards 39k level before start to correct, then any correction to highlighted zone will be a potential BUY.
In this case the target will be 39.5k level.
Look for your BUY entry setups as per the above expectations.
Your follow and like will be a token of appreciation.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
US30 (Looks like bullish confirmation)Technical Analysis
The price dropped and reached our weekly target of 38,050, as mentioned at the beginning of the week.
Now, the price will likely attempt a retest up to 38,190 and 38,400 before potentially dropping again. The bearish trend will be activated by stability below 38,050, targeting 37,820.
A bullish scenario will be triggered if the price breaks above 38,790, aiming for 39,050.
Pivot Line: 38,675
Resistance Levels: 38,790, 39,050, 39,350
Support Levels: 38,410, 38,020, 37,820
Today's expected movement range is between the support level at 37,820 and the resistance level at 38,400.
previous idea:
NEW IDEA FOR DOWJONES The increase in the Dow Jones index due to the increase in profits from the income of companies
By examining the trend in the four-hour time frame, the Dow Jones index, having an important support interval in the range of 38,322-38,088, can increase to the previous ceiling resistance in the range of 40,079, in the meantime, the 61.8% Fibo resistance will be seen at 39,289.
DOW JONES (US30) LONGS NOT BAD IDEADuring the uncertainty and risk off environment, low GDP data didn't come unnoticed and big boys accumulated some equities after the huge Salesforce panic.
Today, with NASDAQ loosing almost 2% and 0.7% for SP500, DJ was accumulated, so I think we might see nice and strong reversal for the end of the week and month close.
Play safe and good luck!
US30 H4 | Bearish reversalBased on the H4 chart analysis, we can see that the price is rising toward our sell entry at 39,355, which is a pullback resistance.
Our take profit will be at 38,761, an overlap support level.
The stop loss will be placed at 39.839, an overlap resistance level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
My bottom/date scenario prepared for the Dow Jones."My expectation for the 2026 bottom region of the Dow Jones, which I have been anticipating since last year, and the momentum it will gain afterward is as follows. My chart covers the next 10 years and beyond. I have made my purchases under the current circumstances, and if my anticipated bottom scenario materializes in late 2025 and early 2026, I will make my second purchase.
Note: My charts reflect my own ideas."