US30 - Bullish Momentum is under Control...Technical Analysis
The price was about to record a new ATH around 45200 before any dropping. It now shows a bullish volume, with potential targets at 45200 and 44,520.
Bullish Scenario:
As long as the price trades above 44930 and 44750, the bullish trend will continue toward 45200 and 45500
Bearish Scenario:
The price must stabilize under 44750, confirmed by a 4-hour candle close, to target 44400.
Key Levels:
Pivot Point: 44930
Resistance Levels: 45200, 45500, 45600
Support Levels: 44750, 44400, 44270
Trend Outlook:
Uptrend while above 44750 and 44920
US30
**US30 Index 2023-2026 Outlook** The US30 Index (Dow Jones Industrial Average) is poised for significant moves in the 2023-2025 cycle, with strong probabilities of reaching a new all-time high between **48,000-49,000**. This surge is driven by favorable macroeconomic conditions, corporate earnings strength, and renewed investor confidence. The rally could push the index to unprecedented levels by early to mid-2025, solidifying its dominance as a barometer of the U.S. stock market.
However, by mid-2025, the index is expected to enter a **prolonged downtrend**. This correction would likely target a critical support level near the **37,125 mark**, which was the previous all-time high in January 2022. Importantly, the index is forecasted to **retest but not breach** this level, finding support between **37,500-38,000**. A successful defense of this zone would signal resilience in the market, hinting at investor willingness to re-engage at these levels.
Such a scenario would set the stage for a **renewed bull cycle** starting from late 2025 and extending through the end of 2026. This period could be characterized by steady gains, driven by a combination of macroeconomic stabilization and improving market sentiment. Investors may interpret the refusal to break below 37,500 as a **clear sign of a long-term bottom**, prompting accumulation and positioning for the next upward leg.
This cycle suggests a strategic opportunity for both short-term and long-term investors to capitalize on market movements.
DOW JONES High Channel Up symmetry points to 46000.Dow Jones (DJI) easily hit our 45000 Target as suggested on our November 20 idea (see chart below), and immediately turned sideways, consolidating basically for the past 6 days:
This is not the first time that we've come across this consolidation within the 4-month Channel Up as the exact same sequence was last seen during September 20 - October 08. As with today's price action, the consolidation also took place above the 1.0 Fibonacci level and once completed, it gave one final push to the 1.5 Fibonacci extension before correcting back to the 1D MA50 (blue trend-line).
As a result, we now set a new Target for the end of the year at 46000.
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US30 Will Go Higher! Long!
Take a look at our analysis for US30.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 44,904.9.
The above observations make me that the market will inevitably achieve 45,324.9 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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DOW JONES targeting 165000 in the next 8 years.Dow Jones / US30 is following very distinct and easily recognizable patterns over the years and decades and this chart gives you the complete picture since the 1930s and the Great Depression.
We are currently well underway inside the Bull Cycle, which is the market's 3rd major these past 100 years.
With the support of the 1M MA50, this Bull Cycle (via a Channel Up pattern) is expected to continues rising until the point it breaks aggressively over the pattern towards the last years of the Bubble in 2029-2033.
From bottom to top, the previous two Bull Cycles rose by an incredible +2500%.
This means that long term and patient investors can still buy now and enjot another 8 years of immense growth and returns, targeting 165000.
Note that the RSI underneath the chart is on the 12M timeframe but achieves displaying the situatio more accurately than any. Clear Bear Cycle bottoms and breakouts over the MA when the Channel Up Bull Cycle started among all Cycles.
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US30 - 15 min ( Best buy and sell scalping after Break Out ) ⚡️US30 / FXCM
Best Break Our / Key level's 15m Tf
🚨Bullish After Break Out key level + High Volume / 44960 Area
🚨Bullish After Break Out key level + High Volume / 45050 Area
🚨Bearish After Break Out key level + High Volume / 44700 Area
⚡️ We Only Sent Most Accurate Opportunity and Analysis Not by Number ..
🔖 Announcement Coming After Successful Break
GOLD FURTHER SELL OFF?! (UPDATE)Price action has been playing PERFECTLY & following the arrows I drew out on the first analysis! Price has been ranging as I expected & currently in the process of creating a 'flat correction' according to my EW Theory strategy.
However, I will be careful as it is a new month so I wouldn't be surprised if price shoots up so the monthly candle can grab liquidity & create a wick. Keeping an eye out for this option.
Bullish bounce?US30 is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance.
Pivot: 44,513.84
1st Support: 44,077.45
1st Resistance: 45,165.67
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 New High before any correction.Dow Jones / US30 is on a long term bullish pattern on a Rising Support that extends all the way from the August bottom.
The U.S. elections initiated the most recent rally that has now transitioned into a consolidation Channel Up.
Similar such patterns in the past gave one final High as long as the 4hour MA50 supported.
Buy and target 45365 (+2.50% rise)
Previous chart:
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us30 - 15 min ( Best Buy and Sell Area After Break Out ) ⚡️US30 / FXCM
Best Break Our / Key level's 15m Tf
🚨Bullish After Break Out key level + High Volume / 44930 Area
Break Out done
🚨Bearish After Break Out key level + High Volume / 44800 Area
Break Out done
⚡️ We Only Sent Most Accurate Opportunity and Analysis Not by Number ..
🔖 Announcement Coming After Successful Break
US30 to continue rise?Hi Guys, Its been a long time since ive posted. I hope everyone is killing it.
I have been away mastering US30, as you know I used to trade GJ and Gold mostly. So I am back. Watch this space for some fire analysis.
I have been in buys on US30 for almost the past 2 weeks. After a double bottom from the previous bearish market reversal from the week before.
It looks like we have completed 2 full levels of rise, and made a new high. This high was retested, so I think that we could see more rise on this pair for the rest of the week. While not disregarding the fact that we could have a pullback before the rise.
However I am in a buy with tight risk.
US30 - Long Term Outlook Signals CorrectionWallstreet Index is nearing it's upper level and there's at least 20% correction due in coming months. As far as the below support holds in correction, we should see strong Bullish move to higher levels.
For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management.
If you found this analysis helpful, please consider boosting and following for more updates.
Disclaimer: This content is for educational purposes only and should not be considered financial advice.
DOW JONES: A few days of consolidation can push it to 46,100Dow Jones is almost overbought on its 1D technical outlook (RSI = 68.114, MACD = 449.010, ADX = 35.064) and is printing a sequence much like post September 20th. That was a consolidation Channel that paved the way to the next bullish wave on the 1.5 Fib extension. This is a 4 month Channel Up supported by the 1D MA50. As long as it does, aim for the 1.5 Fib (TP = 46,100).
See how our prior idea has worked out:
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Falling towards overlap support?US30 is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 44,535.84
1st Support: 44,176.94
1st Resistance: 45,039.30
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.
GOLD FURTHER SELL OFF?! (UPDATE)Gold has pushed up & playing within a range. It's moving perfectly within a range to create either a flat or complex correction pattern, either in a 3 or 5 Sub-Wave form.
Remember, Wave 2 & Wave 4 are always corrective moves so they move slow. Time to exercise patience🤞🏼
US30 - ATH Reached, Key Levels for Bullish and Bearish MovesTechnical Analysis
The price recorded a new ATH at 44,930, as anticipated. Now, it appears to be starting a bearish trend, though it is possible to touch 45,020 before the trend turns bearish.
Bullish Scenario:
The price should stabilize above 44,930, confirmed by a 4-hour candle close above this level, in order to target 45,200.
Bearish Scenario:
As long as the price trades below 45,020, it will remain bearish, with potential targets at 44,530 and 44,410, especially if the price stabilizes below 44,790.
Key Levels:
Pivot Point: 44920
Resistance Levels: 45020, 45200, 45320
Support Levels: 44740, 44530, 44410
DOW JONES is respecting our major August buy call beautifully.Dow Jones (DJI) is about to hit the 45000 Target on our last buy call (November 20, see chart below) and complete a +8.30% Bullish Leg rise within the Channel Up that started on the August 05 Low:
We are very pleased also to see the index making enormous progress after our big August buy (Aug 07 idea, see below) which was exactly on the last major Low of Dow:
As you can see, we successfully formulated that trade based on the extremely symmetric price action of 2016 - 2017. We've explained the notion on the previous idea, but we will refresh your memory if you read this analysis for the first time.
Dow was already trading within a Rising Wedge pattern in 2016, which towards its end broke upwards and first completed a +19.50% rally. The second Leg of the Bull rally was completed on a +30.70% rise from the pull-back Low and then the markets entered the multi-month volatile period of the U.S. - China trade wars. Key Lows of the Bull Rally were made in October 2016, April 2017 and the last in August 2017. It is important to note that after the August 2017 Low, the index had the most aggressive part of the rally, attached to the top band of the Bollinger Bands range, which is what we've called before "riding the BB wave".
Back to more recently and the Rising Wedge that started in 2022, it broke upwards in identical fashion as 2017 (first Leg +23.40%, Lows in October 2023, April 2024 and the most recent August 2024, which as you saw was our last major buy). Even the 1W RSI sequences between the two fractals are similar. What's left now is for Dow to complete a +30.70% rise from the August 2024 Low, in order to conclude the pattern from 2017.
Our long-term Target since August remains thus intact at 49000. Keep in mind that this is the essence of long-term investing/ trading and this is the strategy with the highest winning rate. Note also that if it takes the same time to conclude as the 2017 Leg did from the August 2017 Low (green Rectangle, 168 days), then the peak should be formed end of January/ early February 2025.
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DOW/US30 - HOW FAR DOES IT REACH THE CEILINGTeam, we have not been providing any trade signal since last week,
however, we did some scalping trade during the week,
but now we are looking the chart, and it is time to consider
We are shorting the DOW at 44860-44935, STOP LOSS at 45035
Target 1 at 44796-44806
target 2 at 44636-65
target 3 at 44336-52
Once the target 1 hits, take some partial and bring stop loss to BE.
Dow Jones Index (US30): Bullish Trend Continues
Dow Jones Index updated the all-time high yesterday.
The resistance area based on a previous high turns into support now.
We can expect a bullish trend continuation at least to 45000 - the next psychological resistance.
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US30 H4 | Bullish ContinuationBased on the H4 chart analysis, we can see that the price is falling to our buy entry at 44,519.67, which is an overlap support.
Our take profit will be at 45,532.41, aligning with the 161.8% Fibo extension
The stop loss will be placed at 43,382.83, which is a pullback support level.
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GOLD FURTHER SELL OFF?! (UPDATE)Remember what I said on my last Gold update? We could see a short squeeze happen on Gold to trap new buyers & liquidate early sellers. I said if Gold passes the $2,700 mark then it could go up to $2,720 - $2,735 before dropping. Price touched $2,720 last night & melted right back down with accuracy🎯
Overall, our bearish bias remains intact despite the short squeeze!