US30 longHere is why;
Weekly;
Price went below 40,000 and never retested the region.
Hence, a retest is due.
Daily;
There is a bullish formation of a higher high that has been formed in the last 3 days.
The target for the daily timeframe is 39,750.
4 Hour;
This is the time zone I am looking for my entry level.
For now, I believe that the best place to enter longs are at 39,350, however, I am waiting for price to show me better confluences before I enter the market
Us30analysis
US30 ( BREAKOUT ASCENDING CHANNEL ) (1D)US30
HELLO TRADERS
Tendency, the price is under down ward pressure, until trade below 40,025 .
Upward zone : In order to see an increase, the price needs to break the turning level at 40,025 , to reach resistance levels (1) at 41,219 , then as it stabilizes on the turning level we may see new resistance zones around 42.549 and 43,658 .
Downward zone: Provided until the prices trade below the turning level, it indicates a reach of the support level (1) at 39,071, then breaking this level with a 1d or 4h open candle below is likely to reach the support level (2) at 38,099 .
Corrective level :Price may make a correction before dropping .
TARGET LEVEL :
RESISTANCE LEVEL : 41,219 , 42,549 , 43,658 .
SUPPORT LEVEL : 39,071 , 38,099 .
US30 shortsHere is why;
Daily
Price broke below the region of 39100. There have been two retests. This is as of Tuesday and Wednesday
Wednesday's candlestick engulfed Tuesday's candlestick to the downside. The next noticeable zone 38,500 but I expect price to go even lower.
4 hour
Price has formed a massive 3 pin pattern formation which has broken below 38,865 (this is a minor region where orders were collected). I expect a retest of this region before price continues going lower.
US30 Neutral today but expecting price to head upwards longtermI believe that there is no clear cut setup for US30 at the moment. A daily closure would give the best signal for what it is going to happen.
However, I believe that price will go upwards long term.
Here is why;
- Price broke below 40,000 which is a massive weekly region with a lot of bearish momentum.
- Price has not retested 40,000 and I believe we will see a retest in the near future.
- Price went as low as 38,500 where we can see that is the region where most of the bullish orders were filled. 39,000 is also a notable region where orders were filled.
- As of this morning, price is trapped between 39,100 and 38,500. Until I get a full daily closure above 39,100 then I will know whether to buy or sit on my hands.
My thesis as of now is that there is no clear bias to jump on today and that it is best for me to sit on my hands as I wait for price to make a comprehensive decision. I will update if there are any changes during the day.
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
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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.
How to Scalp US30In and out is the name of the game as a scalper. The better you understand this the more effective your scalping will be.
Some people say that scalping pays the market - this has some truth to it but I want to explain why. It is because of traders who don't correctly know what a scalp is supposed to be.
A scalp is meant for you to just take something off the top; Thus "scalp".
What this means is, it isn't much you are asking for 9/10 times and this is why scalping generally pays the market. It is because most scalpers lose due to not knowing that they shouldn't really be in those trades for long.
We need to operate like speedsters from these TV shows like the flash. Handle your business in lightning speed.
This is how I think you could more effectively scalp.
Have a good day folks - I'm done for the day
US30USD Pattern FormationThis index has been forming a bullish pennant for the past few days. It has retested the resistance zone, which has now converted to a support zone.
I do anticipate that this index will continue with its bullish and a follow up analysis using a shorter time frame will be done so that we can have a clear entry point.
Wall Street ShortAfter rebounding from the upper trendline, it seems that this index is forming a rising flag, which IMO is a strong indicator for a bearish momentum.
Based on the previous analysis I had done, I anticipate that the price will complete this pattern at 39000.
Entry position at 40100, Sl at 40600 and TP at 39000
US30 More Sells I thinkI think it makes more sense logically for US30 to continue to drop and I do believe it has the means and liquidity to do so.
That being said, I wouldn't attempt to try to trade anything on it as of current because it (like gold) is confusing and chaotic.
I will probably be sitting this one out.
Have a good rest of your day folks!
US30 ( BREAKOUT CHANNEL ) (4H)US30
HELLO TRADERS
Tendency , the price is under bearish pressure , after breakout channel .
TURNING LEVEL : the price of turning level around 40,300 , so if the price breaking this level reach a first resistance level , as long as price trading below this level reach a first support level .
RESISTANCE LEVEL (1) : this level around 40,674, for reach this resistance the price it will be breaking turning level .
RESISTANCE LEVEL (2) : around 41,019 , for reach this level it will be breaking by open 4h candle above resistance level (1)
SUPPORT LEVEL (1) : this level around 39,861 , for reach this support level the price need stabilizing below a turning level .
SUPPORT LEVEL (2) : support level at 39,469, for reach this level the price will be breaking by open 1h or 4h candle below support level (1) .
CORRECTIVE : the price may be corrective turning level at 40,300 , before drooping .
TARGET LEVEL :
RESISTANCE LEVEL :0.63 , 0.67 .
SUPPORT LEVEL : 0.57 ,0.54 .
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US30USD Bearish Pattern FormationI think that the bullish run is over and we have witnessed the formation of a rising flag, which IMO, looks like more of a bearish setup to me. (ID Timeframe).
I do anticipate that the bearish run look inevitable and let us dig deeper into the shorter timeframes to get the best position for an entry.
DOW JONES - Long active !! Hello traders!
‼️ This is my perspective on US30.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long position. I expect bullish price action from here as price filled the imbalance and rejected from bullish order block.
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US30 ( TRYING TO CREATE A NEW HISTORICAL PEAKS ) ( 1D )US30
HELLO TRADERS
TENDENCY : the price stabilizing above turning level , indicates is under bullish pressure
TURNING LEVEL : between 39,855 and 39,106 level , this range of level strong , if the price stabilizing this range create a new resistance level , breaking 39,106 it will trying to reach a support level
PRICE MOVEMENT : the price in previously can be created a strong range between 39,855 and 39,106 called turning level , in the last weekly price stabilizing 39,106 , after rising to 40,275,
currently price 40,026 , in my think need a corrective before reach a new historical peaks , if the price breaking turning level active bearish zone .
PRICE ACTION : two conditions
LONG CONDITION : have two cases to rising for reach a resistance level , first case the price corrective 39,855 before rising to resistance level at 40,987 , second case price breaking 39,855 by open 4h candle below this level reach 39,106 after rising .
SHORT CONDITION : if the price breaking 39,106 by open 1D candle below this level reach a support level at 38,027 , then stabilizing this level reach a 37,258 .
TARGET LEVEL :
RESISTANCE LEVEL :40,987 , 41,776
SUPPORT LEVEL 38,027 , 37,258
US30 Equities Close Higher as Markets Analyze Producer PricesUS benchmark equity indexes rose Friday as markets evaluated the latest producer prices data, while a survey showed easing consumer inflation expectations.
The Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite gained 0.6% each to finish at 40,000.9, 5,615.4 and 18,398.4, respectively. Among sectors, consumer discretionary, materials and technology led the gainers, while communication services was the sole decliner.
For the week, the Dow jumped 1.6%, while the S&P 500 rose 0.9%. The Nasdaq added 0.2%