US30
Dowjones Is Approaching The Daily TrendHey Traders, in today's trading session we are monitoring US30 for a buying opportunity around 38400 zone, US30 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 38400 support and resistance area.
Trade safe, Joe.
Dow Jones Index (US30): One More Bearish Setup
I also see a bearish trend following setup on Dow Jones.
After yesterday's selloff, the market started a correctional movement.
On an hourly time frame, the market found a resistance around 39100 level
and formed a double top on that.
I think that the Index may drop at least to 38655 level.
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US30: Day 3 short traders in the marketHi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you!
“Trade setups, not movements”
1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion)
Monday DAY 1 Opening Range
Tuesday DAY 2 Initial Balance ✅
Wednesday DAY 3 (reset DAY 1) Mid Point Week
Thursday DAY 2
Friday DAY 3 Closing Range
2. SIGNAL DAY
First Red Day
First Green Day
3 Days Long Breakout
3 Days Short Breakout
Inside Day
3. WEEKLY TEMPLATE
Pump&Dump
Dump&Pump ✅
Frontside
Backside
4. THESIS:
Long: primary, potential signal of reversal, day 3 short traders in the market, closed yesterday out of balance (out of previous daily level). I would be interested in a long position if the market will hold the consolidation till indexes opening at 9:30am NY time.
Short: secondary, when a market is out of balance can stays out of balance, it can still blowing down in the direction of the main trend. Why Im not interested at the moment? because I let the 3 session setup to drive my main thesis, and at the moment the setup is long.
Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement.
Gianni
US30 / Global Stocks Decline as Investor Sentiment SoursStocks Drop as Early Relief Fades
Global stocks retreated on Tuesday, surrendering earlier gains as the uncertainty from the previous day's aggressive selloff weighed on investor sentiment. This occurred despite central bank officials making reassuring statements to calm the markets.
Current Outlook:
The price is trading in a critical zone, indicating potential breakout movements between 38,770 and 39,130. A decisive move in either direction is required to establish a clear trend, with a greater likelihood of a downward movement.
Bullish Scenario:
- Stability above 39,130 could signal a bullish trend, targeting 39,360 and 39,510.
Bearish Scenario:
- A bearish trend would be confirmed by stability below 38,770, with a 4-hour candle close below this level, aiming for targets of 38,380 and 37,800.
Key Levels:
- Pivot Line: 38,770
- Resistance Levels: 39,130, 39,350, 39,550
- Support Levels: 38,450, 38,100, 37,790
Today's Expected Range:
The price is anticipated to fluctuate between the support at 38,450 and the resistance at 39,130.
US30 Will Move Higher! Buy!
Please, check our technical outlook for US30.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 39,292.10.
The above observations make me that the market will inevitably achieve 40,213.21 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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US30 longHello traders, I believe that US30 is due for some buy orders to be filled. Here's why;
On the weekly timeframe, price broke below a major liquidity region at 40,000 and has not retested the region. Price might collect orders at 39,215 before it retests 40,000
On the daily timeframe, there is an M formation. There are a lot of orders that have been filled at 39,320. Price may collect orders from that region before going to retest 39,875.
It is a Monday morning, hence I am waiting for the market to get a sense of where it is headed to before I do anything.
Potential bullish rise?Dow Jones (US30) is reacting off the pivot which has been identified as pullback support and could rise to the 1st resistance which acts as an overlap resistance.
Pivot: 39,444.43
1st Support: 38,973.24
1st Resistance: 40,213.21
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
DOW JONES INDEX (US30): Oversold Market & Pullback
I think that Dow Jones may pullback on Monday.
The Index became heavily oversold after the release
of US unemployment data on Friday.
The price formed a double bottom pattern on an hourly time frame
and violated its neckline.
I suppose that the price may bounce to 39800
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POST NFP +$4200.00 | Tradingview's "The Leap Competition"Made what I needed to make for the day already and more. Trying to continue to trade is literally adding insult to injury at this point - I am chilling.
Also I am competing in the Tradingview Contest but I will be honest I don't see myself winning that lol. Those traders are crazy good or at least really good at making quick money.
My style is much more of a slow burn. Oh well, See you guys next week :)
DowJones Polar Bear!!According to the linked previous analysis, price touched specified range and the shadow was as expected (a little more than expected) and then the Bearish trend started.
I see #dowjones as a wild polar BEAR.
Bearish trend will continue with swings and corrections.
will be updated...
DOW JONES Any pull-back is a short-term buy opportunity.The Dow Jones Industrial Average Index (DJIA) is completing an Inverse Head and Shoulders (IH&S) pattern following the recovery of its 4H MA50 (blue trend-line). Since the dominant medium-term pattern since the April 19 Low is a Channel Up, any pull-back this short-term IH&S offers, is a technical buy opportunity.
The previous Channel Up Higher Low of May 30 offered one final Higher Low pull-back below the 4H MA50 before the new Bullish Leg started towards the Channel's top (Higher Highs trend-line). Check how their 1D RSI fractals are similar among the two sequences.
As a result, once today's Fed euphoria recedes, we expect one last buy opportunity to emerge with a short-term Target of 42000 (top of blue Channel Up), if note higher on the Diverging Channel Up.
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Expect an upward correction for the Dow JonesIt seems that we have an upward correction ahead for the Dow Jones index. This rise can occur from the current areas or a little lower and from the overlapping range of the previously broken ceiling in the daily time frame and EMA20 of the same time frame. The purpose of this rise of the Dow Jones index can be the purple box in the first step. And in the final step up to about 41,000
US30 ( UNDER BEARISH PRESSURE ) (4H)US30
HELLO TRADERS
Tendency , the price is under bearish pressure , until trading below 40,884 .
TURNING LEVEL (1) : the price of this level at 40,884 , so if the price breaking this level reach a resistance level (1) .
TURNING LEVEL (2) : the price of this level at 40,665 , so if the price breaking this level reach a support level (1) .
RESISTANCE LEVEL (1) : this level around 41,351 , for reach this resistance level the price need breaking a turning level (1) .
RESISTANCE LEVEL (2) : around 41,755 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1) .
SUPPORT LEVEL (1) : this level around 40,315 , for reach this support level the price need breaking a turning level (2) .
SUPPORT LEVEL (2) : support level at 39,954, for reach this level will be breaking by open 4h candle below support level (1) .
CORRECTIVE LEVEL : currently price 19,044 , have two scenario , first corrective turning level (1), before dropping to touch a turning level (2) , then breaking this level reach a support level (1), second corrective turning level (2) , to reach a turning level (1) , then breaking this level reach a resistance level (1).
MY GOAL : support level (1) at 40,315
TARGET LEVEL :
RESISTANCE LEVEL : 41,351 , 41,755 .
SUPPORT LEVEL : 40,315 , 39,954.
US30 Outlook ICT ConceptsDow Jones Industrial Average (US30) Analysis
💰 Welcome to Your Channel!
Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on US30, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains.
💡 Previous Analysis Review:
The price has swept the previous month high (PMH) and the buy-side liquidity (BSL) above it, placing it in a deep premium.
📍 Current Market Overview:
The current price is around 40,920.69. The price has swept the previous week low (PWL) and tapped into the 4-hour Fair Value Gap (FVG).
🔍 Identifying Key Levels:
• PMH: Previous Month High
• PWL: Previous Week Low
• PWH: Previous Week High
• PML: Previous Month Low
• BSL: Buy-Side Liquidity
• SSL: Sell-Side Liquidity
• EQH: Equal Highs
• EQL: Equal Lows
• FVG: Fair Value Gap, highlighting areas of imbalance
📊 Key Considerations:
• Current Price Position: The price is trading around 40,920.69, after sweeping the PMH and BSL, and now in a deep premium.
• PWL and 4H FVG Interaction: The price has swept the PWL and tapped into the 4H FVG, also aligning with the Optimal Trade Entry (OTE) levels.
• OTE Levels: The current price is within the OTE levels, suggesting a potential lower movement.
📈 Bearish Scenario:
Given the current price action and key considerations, a bearish scenario is possible if the following conditions are met:
Target SSL and FVG Below: The price can be expected to go lower from here, targeting the SSL and the FVG below it, or even the PWL, which is close to the equilibrium (50%) of the range.
📉 Bullish Scenario:
A bullish scenario should be considered if the following conditions are met:
Clearing Sell-Side Liquidity: For any bullish scenario and long positions, we need the sell side of the chart to be cleared from liquidity. Once the liquidity is cleared, we can then decide on potential long positions.
📊 Chart Analysis Summary:
Bearish Expectation: The expectation is for the price to potentially move lower, targeting the SSL and the FVG below it, or even the PWL, which is close to the equilibrium (50%) of the range.
Bullish Expectation: For a bullish scenario, we need the sell side of the chart to be cleared from liquidity. After the liquidity is cleared, we can consider long positions.
🙏 Thank you for joining us!
Exploring US30 today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning!
⚠️ Disclaimer
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.