US30
US30 Reaches Target, Eyes Key Support and Resistance LevelsTechnical Analysis: US30
The price has reached our target of 39360 after stabilizing above the previous support line at 39045.
Current Outlook:
The price may attempt a retest toward 39045 but should stabilize below 39400 and 39360.
Bullish Scenario:
For a bullish trend, the price needs to break above 39410, aiming for targets of 39575 and 39780.
Bearish Scenario:
Stability below 39360 will support a bearish trend toward 39230, and further decline to 39045.
Key Levels:
- Pivot Line: 39360 - 39410
- Resistance Levels: 39575, 39780, 40050
- Support Levels: 39230, 39045, 38790
Today's Expected Range:
The price is expected to move between the support at 39045 and the resistance at 39575.
previous idea:
DOWJONESDow Jones analysis
2 hour and daily time frame
Dow Jones is near the 2-hour supply zone. After entering the zone, seeing the confirmation in the 15-minute time frame, we can enter sell positions with a stop just above the zone. If this area is lost, we will wait until it enters the daily supply area. If the ceiling of the daily supply area is touched, downward reversals give us the position of buying trades. to enter the daily latitude zone.
If the 2-hour supply area is maintained, the first target of the midline trading range and the second target can be the 2-hour demand area, which is formed above the daily demand area.
US30 Technical Analysis and Trade Idea - Where To Next👉 Taking a close look at the US30 Dow Jones on the daily timeframe, we can see it’s in a bullish trend. It has reached a key resistance level, and while I’m interested in going long, I won't do so at the current level. Just below the current trading level, there’s a bullish imbalance on the 4-hour timeframe. I prefer waiting for a retracement to the 50-61.8% Fibonacci level for an ideal entry. In the video, we discuss the trend, market structure, price action, and other important aspects of technical analysis. Please note, the video is for educational purposes only and not financial advice. 📊✅
US30 LongWe are in a clear uptrend. The weekly chart clearly shows that we had no clear direction for two weeks and now we have a strong bullish weekly candle. What's very important is that we closed above the resistance that has been tested multiple times in the past. So for me, it's a clear signal that we will continue to rise.
US30 Will Go Higher! Long!
Here is our detailed technical review for US30.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 38,672.5.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 39,721.8 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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Dow Jones is approaching an important support levelHey Traders, in today's trading session we are monitoring US30 for a buying opportunity around 38,600 zone, Dow Jones is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 38,600 support and resistance area.
Trade safe, Joe.
US30 Bullish Momentum Continues with Key Support at 38,790 Technical Analysis: US30
The US30 index retested the 38,790 level and then surged approximately 150 points, continuing its upward momentum toward the 39,050 level.
Bullish Scenario:
As long as the price trades above 38,790, it will likely push up to 39,050.
Bearish Scenario:
If the price breaks below the support levels at 38,790 and 38,760, it could decline to 38,580. Sustained trading below this level may result in a further drop to 38,400.
Key Levels:
- Pivot Line: 38,790
- Resistance Levels: 39,050, 39,350, 39,700
- Support Levels: 38,580, 38,400, 38,290
Today's Expected Range:
The price is expected to move between the support level at 38,760 and the resistance level at 39,050.
In summary, maintaining a position above 38,790 supports a bullish outlook with higher resistance targets, while trading below this level indicates potential bearish movement towards lower support zones.
Previous idea:
US30: Day 3 long traders in the market, previous HOW reachedHi 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 ✅ no daily cycle
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, two weeks of dump and pump scenario has been completed yesterday at the end of the session. The market broke higher and started today dumping down for 3 level. I want to see how the price is going to behave after 9:30am NYO and news release. If the 3 session dump and pump will hold, I will be more than happy to take a long continuation.
Short: secondary, I don't see this market coming all the way back down, however, if after 9:45am a pump and dump 3 session is identified, I could be happy to scalp a short trade.
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 Outlook ICT Concepts 💰 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.
🚀 Market Movement Overview
This week, we observed a robust upward movement in the market, pushing the price action towards the previous week's high ( PWH ). This bullish momentum allowed us to successfully sweep the liquidity resting above the PWH . Additionally, we tapped into the daily Fair Value Gap ( FVG ).
📈 Key Levels
In terms of trading strategy, the Optimal Trade Entry ( OTE ) levels are positioned in the middle of the FVG. Notably, we managed to reach the 0.62 Fibonacci retracement level, which is often a key zone for potential reversals or continuations in the market.
📊 Liquidity Zones and Market Structure
Given this, we can anticipate the price to potentially climb even higher as it seeks more liquidity within the FVG .
Looking below the current price action, we identify the previous week's low ( PWL ) as a significant level. There is also additional liquidity created by the imbalance in the FVG , followed by an Order Block ( OB ).
🔍 Future Projections and Analysis
For any potential upward movement, it is crucial to obtain confirmation from lower time frame analysis. This will help us aim for the previous month's high ( PMH ), which stands as an important liquidity level.
💡 Conclusion and Trading Decisions
By carefully monitoring these key levels and seeking confirmation on lower time frames, we can better navigate the market's movements and make informed trading decisions.
🙏 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.
DOW JONES Ascending Triangle on its Bullish Leg.The Dow Jones Industrial Average Index (DJI) broke above the 4H MA200 (orange trend-line) again for the first time in a week, while holding the 4H MA50 (blue trend-line) as Support. The dominant pattern is an Ascending Triangle and the price action appears to be repeating the previous Leg.
As you can see, following the bottom formation and accumulation (green Arc) on the Higher Lows trend-line, which followed the Bearish Leg in the form of a Channel Down, the previous Bullish Leg (dotted Channel Up) posted a strong rally, the 2nd phase of the structure, towards the Ascending Triangle's top at 40080 (Resistance 1) when it broke above the 4H MA200.
As a result, we are bullish as long as the Asc. Triangle holds, targeting 40000 (just under Resistance 1, bottom of the red Zone). If however the price breaks below the Asc. Triangle (Higher Lows), we will take the loss on the buy and open a sell instead, targeting 37250 (Support 1).
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XAUUSD TECHNICAL ANALYSISBoth Monday and Tuesday the market witnessed a ranging market between 2309 and 2332 area. today 19th June 2024 the us market is having a holiday so the market may lave low liquidity and may be high volatility.
resistance zone: 2332- 2336 area.
support zone : 2312-2306 area
pivot 2322 as it is an area of high volume trades and also the 100 day moving average passes through this area.
bullish targets:
2332
2336
2342
2348
2355
bearish targets:
2322
2318
2312
2306
2296
FOR MORE ANALYSIS MARKET RELATED NEWS UPDATES BOOST SHARE AND FOLLOW US
US30: Inside day, first red dayHi 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 ✅ day 3 cycle
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: secondary, the inside day can also be a signal for a major move trend trade, considering as well that the market is still inside the previous high low of the week. To take in consideration this trade, the market should come into the breakout level of the inside day and consolidate for 30/45 min on that level, looking for a dump and pump scenario.
Short: primary, the first red signal, typically is a short signal, the price looks at the moment pumping up 3 levels, if the current HOD will be locked in until 9:30am, I will surely be looking for a sell high opportunity.
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 Sell Setup Incoming!Based on the daily structure, there is a strong rejection and respect of the Fibonacci levels. The volume also supports this view, showing a clear accumulation of liquidity. I confidently anticipate a liquidity injection during the New York session!
Must was Heavy new on Dollar ( 30 yr bond auction rate)
Use proper risk management!!
US30 shortsHello Traders;
I believe that US30 is due for a very huge bearish move
Here's why
Monthly;
Price broke all time highs and never retested the previous region.
May's candlestick closure is very weak and left a long wick to the upside. The probability of the wick being filled is very low.
Weekly;
There is a 3 pin pattern that never closed below the pattern.
If price ever breaks 38,000 then the next target is 37,500.
Two weeks ago price formed a doji candlestick formation which shows me there are not enough orders to go to the upside.
The previous week's candlestick has its body showing downside momentum
I believe that this week price went up to collect orders before we see inevitable downside movement
Daily;
Price is at a major selling region at 38,875 and rejected it with a 3 pin pattern.
The next notable daily region to the downside is 38,550
4 hour;
Price has broken below 38,830 which is a 4 hour region and has retested the region.
The next notable region is 38,750.
Waiting for a sell setup
US30 - Entry Zone Update!Following on from our previous analysis where we shared the higher timeframe analysis, we are now seeing a correction which we can capitalise on.
We are watching for price to move into our sell zone where we'll look for signs of reversals on lower timeframe. We are not anticipating price to create a new high so we can use 40.1k as invalidation levels for this scenario.
SHORT Trade Idea:
- watch for price to move into sell zone
- Once there, look for signs of reversal on lower timeframe. We'll be looking for an entry trendline
- Once entered, have stop loss above the correction
- Target the buy zone 37k
Our longer term setup will be the buy setup once we enter buy zone.
Goodluck and as always, trade safe!
US30 - Watch Buy Zone!US30 is creating a really interesting pattern.
We could be in an impulse/diagonal - Both of which follow similar rules. Wave 2 was a clear flat correction = 335, which broke out upwards of 23%!
We are seeing a similar correction to wave 2 now. Typically wave 4 retraces atleast to the 38.2 fibonacci level. This is where we'll have our buy zone.
We want to see 5 wave move down for subwave C (of wave 4). If all goes according to plan, we can draw an entry trendline using points 2 and 4 of subwave C to catch the 5th move higher.
Should be an easy trade!
Will update this setup if this gets enough engagement.
Goodluck and as always, trade safe!
Dow Jones US30 - Lets attack ATH again!Hi Again,
Today I am sharing opportunity for long positions just before much anticipated FOMC meeting tonight.
Call it a risky trade, but if longing US30 now is risky, what the hell are currencies, gold and especially, NASDAQ and SPX doing ??
The plan is to attack 39700 area and break ATH. Who said 40000 Dow Jones is the limit?
Stop loss up to you. Safe stop loss is in 38400 area and lower due to nature of this structure they built.
Long now and lets talk tomorrow :)
Good luck and play safe!
US30 H2 - Short SignalUS30 H2
We are still looking to place short orders from as close to 39100 as possible. This is a key area of supply, resistance and psychological price. And area which has played out nicely, multiple times, during recent trade.
Similarly, we are looking for shorts on US100 from as close to 20000 price as possible. Updates to follow.
US30 Bullish Trend with Key Support at 38,790Technical Analysis: US30
The price trend for US30 is currently bullish, targeting 39,050 as long as it remains above 38,790. There is also the possibility of a price correction down to 38,790.
Bullish Scenario:
As long as the price trades above 38,790, it will likely push up to 39,050.
Bearish Scenario:
If the price breaks below the support level at 38,790, it could decline to 38,580. Sustained trading below this level may result in a further drop to 38,400.
Key Levels:
- Pivot Line: 38,790
- Resistance Levels: 39050, 39350, 39700
- Support Levels: 38580, 38400, 38290
Today's Expected Range:
The price is expected to move between the support level at 38,790 and the resistance level at 39,050.
In summary, maintaining a position above 38,790 supports a bullish outlook with higher resistance targets, while trading below this level indicates potential bearish movement towards lower support zones.
US30 POSSIBLE LONG TRADE Just something to think about and consider. Even though reaching back to the 3500 seems like a farfetched idea, technical analysis is suggesting otherwise. I can already see market structure shifts on the 1hr TF (CHoCH)... Waiting to see how far to the upwards market can move.