Us30signal
Dow Jones Index (US30): Confirmed Bullish Signal?!
Dow Jones retested a recently broken horizontal resistance.
After a test of structure, the market bounced and violated the upper boundary
of a bullish flag pattern.
The violation may trigger a trend following movement.
Goals: 38050 / 38100
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US30 IndexPair : US30 Index
Description :
Impulse Correction " ABC " Impulse Completed. Rejecting from the Strong Resistance Level. Completed " 1234 " Impulsive Waves in Short Time Frame. Rising Wedge as an Corrective Pattern in Long Time Frame , Wait for the Proper Rejection / Breakout
Market Dynamics: Large Players Enter as Price Reaches Highs
The price has been on a significant bullish rally, breaking historical highs. This suggests that the price has encountered strong buying interest, indicating the presence of buy-side liquidity. From a technical perspective, this suggests that a retracement may be imminent.
As further confirmation, on the daily chart, we can see that the price reached the liquidity of its previous high and swiftly reversed, creating a breaker pattern. If the price continues to decline, it is likely to experience a shallow retracement to prevent buyers from recovering all their losses.
Additionally, in the highlighted area, we can clearly observe a decrease in buying activity and an increase in aggressive short positions. This could be an indication of the involvement of institutional or large traders, and it's something to keep a close eye on.
Furthermore, the catalysts scheduled for tomorrow add more weight to the possibility of a correction. In my experience, this type of price action often occurs before significant market-moving events. A significant correction is highly probable.
For setting stop-loss (SL) levels, I've shared both aggressive and conservative ideas. I've also provided take-profit (TP) levels based on Fibonacci retracement levels at -272 and -618, with the last one indicated by the white line on the chart.
Please note that trading involves risks, and it's essential to use proper risk management techniques and consider your own trading strategy and risk tolerance when making trading decisions. This analysis is for informational purposes only and should not be considered as financial advice.
US30 DOW JONES Technical Analysis And Trade Idea The US30 has exhibited a strong upward movement, recently reaching a significant resistance level on both the daily and weekly charts. This video provides a detailed analysis of this trend, meticulously examining price movements and identifying possible trading opportunities by thoroughly assessing multiple timeframes, ranging from weekly to as short as 15 minutes. Anticipate an in-depth review covering price variations, market trends, trend evaluations, and crucial technical analysis components. It's crucial to emphasize that the insights shared here are purely educational and should not be interpreted as financial advice.
US30 and NAS100 Possible buy zone!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.
US30USD LongThe index has been having a strong bull run for the past few weeks, and I am anticipating that the run will continue.
According to the client sentiment analysis, it seems most traders are selling this index - 78%, and I am predicting that the price might move in their favor.
My entry point is 35400, TP at 35700, and SL at 35250.
My target R: R is 1:2
Note - Only risk 1% of your trading account.
US30 4H: Uptrend US30
New forecast
The index price recently surrendered to the control of the sideways tendency, although it was affected by the strength of the barrier at 35107. We note that it recently presented a weak sideways fluctuation , and we note that the upward trend In Control because the price trade above 34768
Therefore , we have to wait until breach the resistance line and stabilized above it 35107 and then will help the price to reach 35257 and 35400 levels .taking into account that stabilized under 34768 level will put the price under sell pressure .
The expect range trading for today it will be between the resistance line 35107 and support line 34768 until stabilized .
Additionally Today ,New York sessions will affect on the Indices .
support line : 34768 , 34635
resistance line : 35048 , 35107
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US30 DJI on 20-11-2023 : BEARISH BIASEDUS30 Index can go Bullish if,
H1/H4 closing happens above 35000, it can move bullish upto 35150 level.
or it can go Bearish if,
H1/H4 closing happens below 34880, it can move bearish upto 34730 level
#️⃣ Trend expectations from 8:00AM to 12:30PM USA Time EST.
#️⃣ Trade with 1-2% risk only.
US30 - Short SignalThe 35,000 handle has become a focal point, laden with significant psychological implications. Anticipating potential rejections in this territory, though the extent of their impact remains uncertain. Nevertheless, the exploration of this scenario is deemed valuable, given the considerable corrective movements stemming from last week's market fluctuations and the imminent Consumer Price Index (CPI) release later this week.
US30 4H : OUTLOOK US30
New forecast
The index price traded sideways yesterday with a strong negative rebound after touching the additional stable resistance at 34185.
Therefore we still prefer the uptrend due to the support level at the 34000 , and the upward will be remain because the moving average 50 still support the price to rise up , so to confirm the bullish trend should stable above 34185 and then will support the price to reach 34292 and extend to 34432 ,taking into account that stabilized under 34000 level will postponed the bullish trend.
The expect range trading for today it will be between the resistance line 3400 and support line 34185 until stabilized .
Additionally Today ,New York sessions will affect on the Indices .
support line : 34000, 33832
resistance line : 34185 , 34292
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US30 D1 - Short SignalUS30 D1
The US30 could undergo another substantial selloff, and we've begun to decisively resist the 34,150 price level, as previously anticipated.
Our response may not have been as swift as I'd prefer, but it's worth noting that we closed yesterday's D1 candle in the red, indicating a renewed bearish sentiment today. We remain optimistic about the possibility of seizing short trading opportunities in alignment with the ongoing trends on both the US30 and NAS100 indices.
US30 4H :Trying to start the correction US30
New forecast
The index price failed to resume the upward attack due to its encounter with additional resistance near 34150. We notice the beginning of its formation of a downward corrective creep, thus settling currently below the level of 34050. We expect the downward corrective attempts to continue making profits for the current period, and we expect it to sneak towards 33832. By breaking this obstacle, trading may extend towards 33600, which may form In turn, additional support against bearish trades.
Therefore the negative correction it will be remain valid as long as price trade under 34150 ,As for the price’s success in penetrating the resistance 34150 and holding above it, this will open the door to resuming the upward attack. We expect the price to target directly the level of 34292, arriving towards the next main target represented by the level of 34432.
The expect range trading for today it will be between the resistance line 34150 and support line 33832 .
Additionally Today ,New York sessions will affect on the Indices .
support line : 33832 , 33600
resistance line : 34050 , 34150
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US30 4H : above 34150 will rise up again US30
New forecast
The price perfectly fulfills my last idea and price reached to our first target .
The index price rose over the past week and confirmed its surrender to the control of the bullish tendency by surpassing the support centered at 33770 and holding above it, achieving new positive gains by reaching about 34148,waiting for positive impulse to stable above 34150 and then our positive will be 34292 and extend to 34432. so the main condition to be uptrend is stability above 34150.
Therefore the uptrend scenario will be remain valid and affective supported by moving average 50 ,Taking into account that stabilized under 34052 level this may force it to form a temporary bearish corrective bounce to target the 33832 level and then will rise up.
The expect range trading for today it will be between the resistance line 34292 and support line 34052 .
Additionally Today ,New York sessions will affect on the Indices .
support line : 34052 , 33832
resistance line : 34150 , 14292
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US30 4H : Support further rise US30
New forecast
The index price rose in yesterday’s trading by recently surpassing the stable resistance at 32250, achieving significant gains by attracting towards 33450 with More bullish corrective attempts are likely.
Therefore the bullish trend scenario will be remain valid and effective supported by moving average 50 that is continue to support the price to rise up, but the price currently needs new positive momentum to enable it to overcome the stable obstacle at 33450 to make it easier for the price to achieve the proposed target that it started by targeting the 33600 level, and by breaking it, it will reach 33770.taking into account that is possible to do a retest to 33250 and the rise up.
The expect range trading for today it will be between the resistance line 33600 and support line 32250.
Additionally Today ,New York sessions will affect on the Indices .
support line : 33250 , 33155
resistance line : 33450 , 33600
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US30 4H : Under 32891 will drop US30
New forecast
The price perfectly fulfills my last idea and price reached to our negative target +250 pip.
The price of index rose up and reached to near the resistance zone and the rebounded from it at 33155 ,so as long as price trade under that zone the price will be continue at the bearish trend, To invite us to wait for the price to accumulate negative momentum to breach and stabilized under 32981 to reach our targets began 32700 and extend to 32615
Therefore the downtrend scenario will be remain valid supported by moving average 50 that is continue to push the price to decline for reminder our target will be activate when price can stable under 32891 , taking into account that breach and stabilized above 33155 will postponed the bearish trend and will push the price to build the positive momentum .
The expect range trading for today it will be between the resistance line 33251 and support line 32700.
Additionally Today ,New York sessions will affect on the Indices .
support line : 32891 , 32700
resistance line : 33155 , 33251
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 : it will breach the resistance or notUS30
New forecast
Yesterday, the index price rose up in the upward corrective path, recover for some losses by testing the additional stable barrier near 33155 - 33251 and settling below it till now .
Therefore, we will wait for the price to reach that level and then we will decide the next direction, so if price can stabilized above resistance zone at 33251 the upward trend will be activate and will build the bullish waves to reach 33450, on the other hand if price failure to stabilized above the resistance zone then will forced the price to drop again and targeting the negative targets 32891 and 32700.
The expect range trading for today it will be between the resistance line 33251 and support line 32891.
Additionally Today ,New York sessions and earnings of companies will affect on the Indices .
support line : 32891 , 32700
resistance line : 33155 , 33251
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 tests additional barrierYesterday, the index price activated the upward corrective path, compensating for some losses by testing the additional stable barrier near 33090 and settling below it, as is clear in the attached figure.
Therefore, we will continue to wait for the price to succeed in gaining additional negative momentum to facilitate the task of activating the negative attack again. We expect it to soon attack the 32328 level and then attempt to reach the 50% Fibonacci retracement level centered at 31851.
The expected general trend for today: bearish with the stability of the barrier
Pivot Price: 33040
Resistance Price: 334131 & 34005 & 34534
support price: 32328 & 318951 & 31348
US30 4H : under 32891 will be more bearish US30
New forecast
The price perfectly fulfills my last idea
and price reached to our first target +200 pip .
Yesterday, the index price returned to form new negative waves. We notice that it is currently fluctuating near the stable support at 32891, trying to find an opportunity to achieve a breakout and stabilized under it , opening the door to resuming the main bearish attack suggested previously.
Currently, the price may be forced to continue offering weak sideways trades so that we can wait for it to accumulate additional negative momentum to facilitate the task of achieving the breakout, and then begin targeting the stable negative stations at 32700, reaching towards 32615. also it is possible to do a retest and then will drop so we have to wait until breach the 32891 and then sell it .
The expect range trading for today it will be between the resistance line 33155 and support line 32700 .
Additionally Today ,New York sessions and earnings of companies will affect on the Indices .
support line :32891 , 32700
resistance line : 33155 ,33251
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
US30 SELLHi, According to Dow Jones analysis, there is a very good selling opportunity. The indicator appears to be in a very negative state with the pitchfork tool broken. The support at 34200 was broken. We also notice the break of the 200 moving average. All these factors confirm that the market is for sale only. Good luck everyone
US30 4H :Earnings will affect on the market US30
New forecast
With its last negative attack, the index price touched about 32891, which constituted an obstacle to the negative attempts and forced it to form a temporary corrective rebound to currently settle above 32891.
We point out that the continued presentation of the main indicators of negative momentum will confirm the attempt to activate the price for a negative attack again, thus maintaining its stability below the stable barrier at 33251. Let us wait for it to achieve breaking the 32891 level, to open the door to reaching the additional negative stations represented by the 32700 and 32615 levels, respectively. Other wise stability above 33250 will postponed the bearish attempts.
The expect range trading for today it will be between the resistance line 33250 and support line 32700 .
Additionally Today ,New York sessions and earnings of companies will affect on the Indices .
support line : 32891 , 32700
resistance line : 33155 , 33251
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 +155 pip and still running .
The index price repeatedly presented negative closings below the 33155 level, forming an additional barrier against the bearish attempts. We noticed that it incurred additional losses when it touched the 32981 level.
Therefore the downward scenario will be remain vailed and effective during coming sessions supported by moving average 50 , This calls us to suggest that the price will soon attack the stable obstacle at 32891, and we should point out that achieving a break of this level and holding steady below it will force it to target new negative stations that may start from 32700 and reach towards 32615.
The expect range trading for today it will be between the resistance line 33155 and support line 32700 .
Additionally ,Today New York sessions will affect on the Indices .
support line : 32891 , 32700
resistance line : 33155 , 33251
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️