US30 Dow Jones Technical Analysis and Trade IdeaWe are presently analysing the US30, which has recently reached a critical resistance level. In the video, we conduct a comprehensive analysis of the Dow Jones, delving into various aspects including the prevailing trend, support and resistance levels, market structure, and price action dynamics. As the video nears its conclusion, we carefully assess a prospective trading opportunity.
It is important to emphasise that our video provides a thorough explanation of all aspects discussed, and it should be noted that the content is provided for educational purposes only. This should not be interpreted as financial advice.
Us30idea
US30 4H : After retested now try to drop US30
New Forecast
The price perfectly fulfills my last idea and price reached our target +230 pip.
In yesterday's trading, the index price touched the level of 32890 and then rebounded in a corrective manner towards 33155, trying to catch its breath before resuming the main bearish attack again. We will now rely on the stability of the additional barrier stable at 33250 and to emphasize the importance of the price accumulating additional negative momentum to facilitate the task of activating the downward path to target. Soon to the level of 32890, and by breaking this obstacle, losses may extend towards 32700 in medium-term trading.
We reiterate that the price's attempt to exceed the additional barrier mentioned previously and hold above it will confirm its readiness to resume the upward corrective attempts. We expect it to be attracted towards 33452 and then begin activating the main bearish path.
The expect range trading for today it will be between the resistance line 33251 and support line 32890 until stabilized .
Additionally ,Today New York sessions will affect on the Indices .
support line : 32890 , 32700
resistance line : 33251 , 33452
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
US30 4H : Still under sell pressure US30
New forecast
The price perfectly fulfills my last idea and price reached to our target .
Yesterday, the index price formed some negative waves, touching the 33250 level, trying to break free from the stability of the 33600 level, increasing the chances of resuming the previously suggested negative attack.
We note that the repeated negative stability below the 33600 level also constitutes an essential factor to confirm that trades are being held within the downward path, so we remain waiting for the price to interact with the negativity of the main indicators to begin targeting the additional negative stations currently positioned near 33250 and 32890, respectively.
Additionally ,Today New York sessions will affect on the Indices .
support line : 33250 , 32890
resistance line : 33600 , 33774
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
NAS100 and US30 Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
NAS100 and US30 Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
US30 4H (try to rise up)US30
Analyze
currently, consolidation above 34583 will support them to rise up again and will continue the positive attacks to the suggested targets 34817 and possibly 35051
as for renewing bearish attempts, consolidation under 34583 will open the way to lose more and more points to reach 34428 and 34165
the expected trading range for today is between the support line 33444 and resistance line 35674
Support line: 34428, 34165, 33951
Resistance line: 34817, 35051, 35377
timeframe: 4H
US30 Dow Jones Technical Analysis and Trade IdeaIt's evident that the US30 index has been confined within a tight trading range from the latter part of the Asian session leading up to the London Open. In the preceding week, we observed a notable price surge toward a critical resistance level, but that advance was met with resistance, and now the index appears to be consolidating sideways.
I'm actively scouting for a prospective trading opportunity for the upcoming week, and examining the chart to pinpoint the likelihood of an early-week stop run. If such an occurrence materialises, it could serve as an advantageous intraday trading opportunity. Please be aware that all comprehensive explanations are provided in the accompanying video, and it is crucial to note that this analysis should not be construed as financial advice.
DOW JONES (US30) - Long from 34000 ✅Hello traders!
‼️ This is my perspective on US30.
Technical analysis: Here we are in a bullish market structure from daily perspective, so I am looking for long. I want price to go a little bit lower to fill the imbalance and then to reject from bullish order block + psychological price level 34000.
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US30 SHORT Term Trading IdeaHello Traders
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DJ30 CLEAR BULLISH SIGNAL Hello traders so after doing a brief analysis of dj30 i found that we might be seeing a bullish move soon here is why :
last week : i predicted that the price will go down to the 34200 support level and that is what happened as predicted a bearish move where the price reached the 34200 support.
but the 34200 support level is actually a neckline of a inverted h&s on the daily and weekly tfs that the price has been forming for a while.
the price not only broke this neckline but also camedown to retest it giving us a clear bullish signal.
also the daily candle of friday closed as a hammer on top of the support level indicating futher chances that a bullish move is incomming .
thank you for reading this is nothing but my humble opinion and not financial advice , trade safe.
US30 POSSIBLE BEARISH MOVEhi traders so after doing a quick analysis on us30 it appears that it might be going down.
the price currently is at a pretty important / tricky zone
we have a trendline and a support level that we can call a neckline for the ugly head and shoulders pattern the price formed earlier .
we have a daily candle that closed as an inversed hammer rejecting the trendline .
and we also have the rsi who indicates a bearish divergence.
if the price rejects trendline and breakout the support we might see a big bearish move for us30.
this is not financial advice just my humble opinion trade safe !
US30 ShortThe analysis aims to highlight the potential downside risks and factors that could contribute to a decline in the market during this period.
Market Overvaluation:
One of the primary concerns supporting the bearish stance is the perceived overvaluation of the Dow Jones Industrial Average. Throughout the past few quarters, the market has witnessed an extended rally, leading to inflated asset prices. This has created a situation where the market might be due for a correction or even a more significant reversal.
Economic Uncertainty:
The global economic landscape may contribute to downward pressure on the Dow Jones Industrial Average during the specified range. Factors such as geopolitical tensions, trade disputes, and geopolitical events could create uncertainty in the markets, prompting investors to adopt a risk-off approach and exit long positions.
Inflationary Pressures:
Persistently rising inflation can exert negative pressure on the stock market. A surge in inflation can lead to concerns about potential interest rate hikes by central banks, which might dampen investor sentiment and drive market participants towards safer assets.
Technical Indicators:
Analyzing technical indicators can further support the bearish outlook. For example, if we observe declining volume alongside declining prices, it may signal a lack of conviction from buyers and potential weakness in the market.
Sector-Specific Weakness:
Within the Dow Jones Industrial Average, certain sectors might exhibit weakness, leading to a drag on the overall index. Disruptions in supply chains, weakening consumer spending, or regulatory challenges can weigh on specific sectors, influencing the overall market sentiment.
Profit-Taking and Rotation:
Given the prolonged bull market, investors may decide to lock in profits from their existing positions, causing sell-offs and leading to a potential rotation of funds into other assets. This rotation could result in reduced demand for equities, including those within the Dow Jones Industrial Average.
Conclusion:
Based on the bearish analysis, a short signal for the Dow Jones Industrial Average within the specified range of 35,420 to 35,455 could be justified. However, it's crucial to remember that financial markets are inherently unpredictable, and trading decisions should be made with careful consideration of risk management strategies. Traders and investors should always conduct thorough research and be vigilant about any potential changes in market conditions.