Us30long
US30 longMonthly;
We had a monthly candlestick closure that is very indecisive and we cannot tell if price is headed upwards or downwards
Weekly;
The previous week's candlestick closed above 38,500 which is a major liquidity region
The next major region is 39,100 (which is also the daily region)
There is also a head and shoulders formation which indicates that price is headed upwards
Daily;
From a daily perspective, I expect price to continue going upwards.
However, there is a chance of seeing a retest of 38620, which is a major region of support.
Price may test 38620 before going upwards so as to collect orders.
Since there is no sign of retracement, I just have to sit on my hands and wait.
4 hour;
38,715 is such a massive region where orders are collected.
For now I am sitting on my hands as I wait for price to fully show me what is happening.
US30 Trading Plan - 02/Jun/2024Hello Traders,
Hope you all are doing good!!
I expect US30 to go Up after finishing the correction.
Currently US30 has given a nice impulse showing us that buyers are interested to enter the market for pushing US30 upside.
Plan to Trade:
If market starts to correct from current levels without going further to 39k level, then any correction towards highlighted zone will be a potential BUY.
The first target level to look for reaction will be 39k & if it corrects here then the next target will be around 39.5k level.
If market keeps on pushing towards 39k level before start to correct, then any correction to highlighted zone will be a potential BUY.
In this case the target will be 39.5k level.
Look for your BUY entry setups as per the above expectations.
Your follow and like will be a token of appreciation.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
US30 (Sensitive Consolidation Movement )Dow Jones New Forecast
You should see a few more months of inflation data that appear to be falling (before any prices are lowered)
The price corrected to their support line as we mentioned in the previous chart,
so now still has a consolidation between 39790 and 40005 till breaking, from this support line will try to start a bullish trend toward 40005, and above it will get 40130 and more
otherwise closing 4h candle under 39785 means will drop to get 39580
Pivot line: 39790
Resistance Prices: 40005, 40130, 40420
Support Prices: 39570, 39360, 39070
The movement range will be between support 39790 and Resistance 40130
Previous idea:
US30 (Rally Movement...)Nvidia Reports on the Horizon, Wall Street Gains Pre-Bell; Asian and European Markets Up
Wall Street futures indicated a slight rise pre-bell Monday as traders processed the final stages of the earnings season.
Nvidia ( NASDAQ:NVDA ) is scheduled to announce its earnings after the market closes on Wednesday. This week will also see financial results from Lowe's ( NYSE:LOW ), PDD ( NASDAQ:PDD ), and Intuit ( NASDAQ:INTU ).
On Wednesday afternoon, the US Federal Reserve will publish minutes from its most recent policy meeting.
Wix.com ( NASDAQ:WIX ) shares increased by 7.8% pre-bell following the company’s report of higher Q1 adjusted earnings and revenue.
In futures trading, the S&P 500 increased by 0.1%, the Nasdaq rose by 0.2%, and the Dow Jones remained steady.
Overnight, Asian markets mostly traded higher, while European stocks turned positive by midday.
Technically :
The Dow Jones has reached a new all-time high.
Stability above 40005 suggests the bullish trend will continue towards 40130 and 40420. Conversely, if the price stabilizes below 40005, it is likely to drop to 39790.
Pivot line: 40005
Resistance Prices: 40130, 40420, 40730
Support Prices: 39820, 39540, 39360
The movement range will be between support 39790 and Resistance 40420
US30USD LongThis index has formed a doji candle, which might be an indicator of an indecision in the market. I anticipate that the market might retest the resistance at 40,000 based on the fact that sentiment is bearish on this trade.
Entry point at 38150, TP at 40050 ,and SL at 37200 as my R : R is 1: 2.
Kindly remember to risk 1 - 3 % of your account.
SIGNAL: Go LONG on US30 - 15 May 2024Like, comment and share with your peers!
I would be looking for bullish moves on US30 today provided price remains above 39500.
1 hour price bar(candlestick) has closed above a range that started mid NY session yesterday. The range formed shortly after a 211 pips pump.
Find my confluences below;
✅Price at psychological level?
✅Has there been a recent intraday range?
✅Do you see 30 mins or 1 hr price bar closure outside recent range?
✅Will position be in the direction of 4hr and Daily trend ?
✅Has nearby wicks to the lefthand side been identified and marked as potential problem area/TPx?
With these ticked, i choose my entry and SL accordingly with the intention of giving my trade a second chance if my SL is hit
Position Parameters
Entry 39588 - 39609
Textbook SL - 39543.38 (means flexible - put SL as occasion serves you and give the trade a second chance if SL is hit)
Tp - 39801.65 (see partial TP levels on the screen)
Drop a comment to let me know if you have picked up a thing or two form my analysis
Warning:
1. trading derivative could result to loss of your capital, kindly apply caution and use only the money you can afford to lose.
2. Previous performance is not a guarantee that my signals will profit you. Accept and implement this idea at your own risk.
You are advised to apply proper risk management while trading derivatives...!!!
BR,
Kings
Learn how to trade. See my signature below or visit my profile for more details
US30 will start the bullish move to break 40,000 level**Monthly Chart**
Last month's candle closed bullish and created a new high at 39910.47 (slightly shy from 40000.00 round number - a new historical high). This month opened from the high of the previous high and paused at 40023.09 only to reject it and move lower. This suggests that the long-term trend might be over and we should start looking for the start of a downward trend move.
**Weekly Chart**
Last week candle closed as a bearish manipulated candle as there was a huge sell of around 40,000 level. This has provided a counter-trend trade for a bearish move. However, till now US30 has tried to break below the 38500 level but fails. In addition, given the FOMC announcement today, we will see how US30 will react to it. This might provide another push to the upside to break the 40,000 level once more and create a new high.
**Daily Chart**
The last daily candle closed as a “ Key reversal” as it sweeps the liquidity from the daily MC candles near the demand zone, this provides a strong trajectory that there will be another push to the upside to break 40,000 level. Today FOMC will create this momentum.
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 Bulls still holding strong (buys potentially from 39400.0)US30 remains in a strong bullish stance, and I'm still on the lookout for long opportunities. Last week, we witnessed a retracement in price to fill the previous imbalance, although some imbalances remain. This was adequate for initiating a new rally, as we're currently observing.
Now, I anticipate two possibilities: either price will break past the newly formed high, or it will retrace to address a significant demand level. In the event of a retracement to the demand level, I'll wait for lower timeframe confirmation before preparing long setups, targeting either new highs or significant liquidity points.
Confluences for US30 Buys are as follows:
- Price broke structure to the upside once again.
- Lower and higher time frame remains extremely bullish.
- Clean nearby demand zone on the 18hr or 21hr.
- New high is close by which is a strong level of liquidity tat is lying there.
- After this imminent retracement we can expect a new rally.
P.S. I strongly favor the bullish trend due to several recent breaks of new highs. Additionally, there are several demand zones that have yet to be mitigated. However, given the impulsive nature of price movements, I wouldn't be surprised if we witness further upward momentum, potentially breaking the high once again.
Have a great trading week guys!
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!
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.