Us30idea
US30 2024/04/23Bullish range , possible entries to scalp, anticipating price to move in premium on HTF
US30 2024/04/1515min Bearish range, still looking to short within range of POI's, fundamentals is key tho. POI's for LONG/SHORT marked out
US30 USD meltdown (Shorts from 38400.0)My bias for US30 has turned bearish due to the recent Wyckoff distribution that unfolded on the higher time frame, validated by a change of character and a break of structure. This confirmation prompts me to seek selling opportunities to support the downward trend.
I will be targeting sells around the 20-hour supply zone, which recently triggered a Break of Structure (BOS) to the downside. Once we experience a pullback, I will seek a redistribution pattern on lower time frames to initiate sells in line with the prevailing trend.
Confluences for US30 sells are as follows:
- Price played a Wyckoff distribution on the higher time frame and had a CHOCH.
- Continuous breaks of structure have occurred to the downside with strong momentum
- Few clean supply zones have been left including the recent 20hr supply.
- ATH's has been taken, and enough liq has been grabbed to start pushing price down.
- still lots of liquidity and imbalances below that needs to be mitigated.
P.S. Alternatively, I will wait for the daily demand. If price continues to decline, I can capitalize on a retracement back up to the supply zone, making buys a potential option this week. Wishing you all a successful trading week!
US30 2024/04/1115min bearish range, waiting op premium for possible shorts
also looking to go for buys possibly from A-low during London Sesh
US30 2024/04/10Still within 15 min Bearish range
POI's Marked out for CPI, wil be looking for MSS on said POI's, also trendline liq forming above price anticipating it to be run at some point
US30 trade idea 2024/04/0815min bearish range
looking for possible sell from supply
also looking to to see if 15min high holds as we are in discount of the daily range could possible see price go higher
YM (US30, Dow Jones Industrial Aveage) Puts in a Double TopYM (US30) 4 Hour, Fibs: Traded the first bear fib after the double top and saw it trade past its objective yesterday. The Dow has been one of the weaker indices of late, after outperforming most of the year. It didn't even make it up to the 50% line, selling off at the 38.2% line in the initial down move. Then, yesterday, on the rebound, it traded it's halfway back short. ####TRADE ALERT####
YM (DOW 30)
Call: Short
Entry Type: Market 39320
SL: 39500
TP1 / TP2: 38636
################### Normal Size Position - Much Better Entry at A Series Fib with a Much Larger Reward:Risk 900 points of reward:200Points of Risk
US30 Dow Jones Technical Analysis and Trade IdeaIn this video, we delve into a prospective trading opportunity within the US30 Dow Jones index. Our analysis entails evaluating the prevailing trend, scrutinizing price movements, assessing market dynamics, and identifying a potential entry point under favorable conditions, as elaborated in the video. Incorporating robust risk management principles into your trading strategy is crucial. It's imperative to emphasize that this content is presented solely for educational purposes and should not be construed as financial advice.
US30 Trade Idea 2024/04/05Sell POI's based op Current bearish range
NFT today expecting some sort of liq build up to be sweeped
US30 POI's 2024/04/04 Possible intraday movement
PLEASE SEE POI'
POSSIBLE long and short zones marked out
US30 Technical Analysis: Counter-Trend Short OpportunityThe US30's bullish momentum has encountered a key resistance level. This presents a potential counter-trend shorting opportunity. Here's the trade idea:
Entry: Sell short at the current resistance level.
Stop-Loss: Place a stop-loss order above the recent high.
Target: Aim for the previous support/imbalance zone established at a prior low.
Rationale: The US30's extended rally into resistance increases the likelihood of a pullback. This setup offers a favorable risk-reward ratio for a short-term counter-trend trade.
Important Note: Market conditions can change rapidly. Manage risk diligently and adapt your strategy as needed.
Looking for US30 to rise back upWaiting for a internal liquidity sweep of today's low for a possible buying opportunity up to march 21st high. There is liquidity on lower time frames more visible (30min,15min & 5min). I'm personally using 1Hr and 5 min combination for this entry. When there is confirmation on the 5 min chart I'll enter around 39345- 39336 area located in the discount. That huge dump was distribution, we've consolidated in a range monday through tuesday, then made a lower low and got a market structure shift to the upside showing reversal signs. Good luck!
US30 remains bullish ( 39200.0 or 38800.0 longs?)This week, I'm bullish on US30. I'm waiting for a pullback followed by a re-accumulation within the demand zone. Once I receive confirmation on the lower time frame, specifically in the 21-hour or 18-hour demand zone, I'll consider taking long positions along the trend.
With the recent breach of all-time highs and significant bearish momentum, there's a possibility of price dipping further to capture liquidity and address imbalances before initiating a new upward rally.
Confluences for US30 Buys are as follows:
- Price broke structure to the upside once again.
- Lower and higher time frame remains extremely bullish.
- Two clean demand zones that have caused BOS to the upside.
- Imbalances left above that need to get filled before price comes in to zone
- After this imminent retracement we can expect a new rally.
P.S. If the price declines and breaches my Points of Interest (POIs), I won't be surprised. Since price has absorbed all liquidity to the upside, a decrease in bullish pressure is possible. With major news behind us, the trading week ahead appears promising!
Have a great trading week guys and lets catch those pips!
US30 START OF A BEARISH MELTDOWN?Short positions on US30 appear compelling this week. We've observed significant bearish momentum lately, leading to a shift in character towards the downside, hinting at a potential trend reversal. Despite not having breached major structural levels yet, two robust supply zones remain, from which we can expect a bearish response.
The slowdown in price movement suggests distribution on higher time frames and hints at an impending reversal. Moreover, there's considerable liquidity to the downside, attracting price action, potentially resulting in a sweep of those equal lows.
Confluences for US30 Sells are as follows:
- Price has changed character on the 4-hourly time frame to the downside.
- Lots if liquidity to the downside in the form of equal lows.
- Two good supply zones in which we can expect a major bearish reaction to take place.
- Price has been heavily bullish and its due for a retracement.
- On the higher time frame price has slowed down momentum, good sign for a reversal.
P.S. However, on the higher time frames, the price remains notably bullish, with equal highs recently established at the latest swing high. These highs represent significant liquidity points, and it wouldn't be surprising if the price retraces to take them out.
FOMC news this Wednesday, trade safe and have a great week!
US30 Pair : US30 Dow Jones
Description :
Completed " 12345 " Impulsive Waves
RSI - Divergence
Break of Structure
Bullish Channel as an Corrective Pattern in Short Time Frame
Impulse Correction
We might see new ATH in DJIA (US30) soon 41k levelsNow I changed my view on all global Indices, any dip looking forward to buy the dip. My stop losses is in place and tight stop losses for now until it breaks last month high. I think we are in major wave 5 and we are in 3(5) in minor cycle considering Elliot wave theory.
this is just my study and I might change my view depending on price action.
US30 Trade IdeaUS530: Riding the Ascending Channel to New Heights
The US30 index has been tracing an ascending channel on the 4-hour chart, a bullish pattern that suggests a continuation of the current uptrend. This pattern is characterized by two parallel upward-sloping trend lines that have been containing the price action.
Key Observations:
Bullish Sentiment: The ascending channel indicates a strong bullish sentiment as it is formed by a series of higher highs and higher lows.
Support and Resistance: The lower trend line serves as support, while the upper trend line acts as resistance.
Trading Strategy: Traders might consider buying at the lower trend line or on a breakout above the upper trend line.
Trade Execution:
Entry Point: A pullback towards the lower trend line could be a potential entry point, offering a favorable risk-reward ratio.
Stop Loss: A stop loss can be placed just below the lower trend line to protect against a potential breakdown.
Take Profit: The height of the channel can be used to project potential take profit levels, either from the point of entry or from the upper trend line if trading a breakout.
Risk Consideration:
Ensure to monitor for any signs of a breakdown below the lower trend line, which could invalidate the pattern.
Adjust positions according to the evolving market conditions and maintain a disciplined approach to risk management.
Trade ideas are speculative and should be considered within the context of your overall market analysis and trading strategy.
This trade idea is based on the ascending channel pattern, which is a common bullish signal in technical analysis. It’s important to combine this with other indicators and market analysis for a well-rounded trading decision. Happy trading!
US30 finally breaking down? (sells from 39000.0)My bias for US30 this week is bullish, anticipating a further upward movement before encountering a 2-hour supply zone around 39000.0. Afterward, I expect a slowdown and distribution within this area before a potential downward move.
Upon receiving confirmation on lower time frames, selling could target the new trendline liquidity above the 23-hour demand zone. If this scenario doesn't unfold initially, I'll wait for a break in structure to the downside to buy back up, as the overall trend remains bullish.
My confluences for US30 Sells are as follows:
- Price changed character to the downside on the higher time frame
- Lots of liquidity to the downside i.e. trend line liquidity and equal lows.
- We've experienced lots of bullish pressure and now bulls are getting exhausted.
- Nice supply zone left on the 2 hourly that caused the move to the downside.
- In order for price to keep going up it must retrace for healthy price action to continue.
P.S. Given the shift in price action to the downside on higher time frames, it appears that a bearish trend is beginning as bullish momentum wanes. Nonetheless, it's crucial to stay flexible and responsive to price movements, adapting to whichever direction it ultimately takes.
US30 STILL VERY BULLISH (buys from 38500.0 back up)US30 continues to appear bullish to me, and I anticipate a temporary retracement to eventually mitigate the daily demand zone I've identified. Within this zone, there's also an Asian low that I expect to be taken out through a spring from a Wyckoff accumulation.
Once this occurs, price would have reached the refined 10-hour demand zone, where I plan to enter buy positions, potentially leading to a new bullish rally and the creation of new highs. However, I'll be keeping an eye on NFP Friday to see its impact on the Dow Jones, which promises to be interesting!
Confluences for US30 sells are as follows:
- Price has formed a daily demand zone that could cause another bullish rally for us30.
- Trend line liquidity forming just before the demand which I see as a trap for early buyers.
- Liquidity to the upside still left and overall market trend is very bullish.
- Price has broken structure the upside on the higher time frame confirming trend.
P.S. Should price opt to breach the entire daily demand zone during NFP week to eliminate the liquidity beneath it, I anticipate a temporary bearish sentiment, given that it would have violated significant downside structure.
HAVE A GREAT TRADING WEEK AND BE CAUTIOUS OF NFP FRIDAY!
