US30 Bearish trend continuesPrice still hasn't been able to close above 40.970 and continues to reject.
The lower time frames confirm bearish candle patterns.
Looking to see yesterday's low taken out before the bearish trend continues.
Us30trend
US30 ( UNDER NFP NEWS ) ( 4H )US30
HELLO TRADERS
Tendency the price trade below turning level at 39,426 , indicates is under bearish pressure
TURNING LEVEL : a blue line between resistance and support level around 39,426 , indicates if the price stabilizing below this level reach support level , if the breaking turning level reach a resistance level
RESISTANCE LEVEL : there is a green line around 39,634 , indicates selling have already increase this level , so if the price breaking turning level reach this level
SUPPORT LEVEL : there is a red line below turning level around 39,069 , indicates buying have already increase this level , so if the price stable below turning level reach this level
PRICE MOVEMENT : first the price will trying to rising a turning level around 39,429 , after dropping to the support level around 39,069 , then stable below this level reach 38,764 , if the price breaking turning level reach a resistance level by 39,634 , then stable by open 4h candle above this level reach a 39,850
TARGET LEVEL :
RESISTANCE LEVEL : 39,634 , 39,850
SUPPORT LEVEL : 39,069 , 38,764
US30 EVERYDAY TRADE SETUPHello traders ,
This my idea for Long. US30 The Zone BUY Candle confirm . then I will go to Long.
this is my ideas only. what you are flow your trading statistics you can continue.
If you Like my ideas follow me...
US30 Dow Jones Technical Analysis and Trade IdeaRecently, the US30 has experienced downward pressure. A bearish pattern is evident on the 4-hour chart. At present, it has traded into a key support zone and there’s a strong possibility we see it pullback. The video discusses the Dow Jones prevailing trend, recent price movements, overall market structure, and presents several trading ideas for your consideration.
Please remember, the content provided is solely for educational purposes and should not be taken as investment advice. Trading involves significant risk, highlighting the importance of consistently applying strong risk management strategies. 📈🚀📊
US30/USD Longs from 38600.0My bias remains strongly bullish for US30 this week. We've witnessed another significant break in structure to the upside, accompanied by robust bullish momentum, reinforcing the prevailing trend. I anticipate a retracement back to a demand level to sustain this upward movement.
Upon reaching the daily demand zone, I'm eyeing a refined 10-hour demand zone for a potential bullish reaction. Additionally, I'll be on the lookout for a Wyckoff accumulation pattern within this area
My confluences for US30 Buys are as follows:
- Price broke structure to the upside once again leaving a clean daily demand.
- Overall trend and the current trend remain to be very bullish.
- Candlestick anatomy also shows that bulls remain stronger than bears.
- Can expect a pullback to mitigate the levels of demand.
- Wick left to the upside that needs to get filled and price has been moving impulsively.
P.S. We observed a minor sell-off two weeks ago, followed by a resurgence that breached the previous high. Currently, I'm not actively seeking selling opportunities. However, I wouldn't be surprised if price establishes a supply zone, offering a chance to sell back towards the marked demand zone.
US30 imminent shorts down towards 37700.0Last week, the US30 exhibited significant potential for a more favourable market environment, offering several promising trading opportunities. Following the completion of a Wyckoff distribution on a higher time frame, validated by a CHOCH, I anticipate a selling opportunity as the price retraces into a distinct 16-hour supply zone.
Although the price closed within the zone, it underwent a redistribution phase on a lower time frame, signalling a selling position. Presently, I am awaiting the breach of the upcoming Asian high to access a clean Order Block (OB) for initiating my sell position.
Confluences for US30 Sells are as follows:
- Price has completed a Wyckoff distribution on a higher time frame confirmed with a CHOCH.
- Clean unmitigated 16hr supply zone that caused market shift has been tapped into.
- Wyckoff re-distribution has taken place within the lower time frames.
- Lots of liquidity to the downside in the form of Asian lows, trendlines and equal lows.
- Price has been moving very bearish and it's getting exhausted hence why we got that bearish drop recently.
- For price to keep going up it must go down so we can expect temporary sells maybe down to a better demand.
P.S. While the market remains predominantly bullish, the recent downward movement was anticipated, signaling exhaustion of bullish momentum. This could mark the beginning of a bearish trend, presenting potential opportunities for short-term selling positions.
HAVE A GREAT TRADING WEEK AHEAD GUYS!
US30 Longs from 38380.0 back upMy bullish bias for US30 remains intact this week. Last week's analysis (Scenario A) unfolded precisely as anticipated. With another upward break in structure, I continue to anticipate US30 to sustain its bullish trajectory. Currently, having cleared liquidity at the recent high, a pullback to another demand area is foreseeable.
My focus shifts to the 12-hour demand zone near 38380.0, where an engulfing candle triggered the latest break in structure. This zone, lining up with the 0.78 Fibonacci range, offers a chance for a Wyckoff accumulation to formulate so we can ultimately buy back up.
Confluences for US30 buys are as follows.
- Price broke structure to the upside once again leaving a clean 12hr demand.
- POI also sits within the 0.78 fib range as well.
- Trendline liquidity is left on top of the zone, so once it gets swept we can then hopefully see a nice reaction off our zone.
- Overall trend and the current trend still remain to be very bullish.
- Candlestick anatomy also shows that bulls remain stronger than bears.
- Liquidity left at the new high in the form of a wick.
P.S. While buys are currently preferable, we mustn't solely fixate on one bias. It's essential to remain open to alternatives that could unfold. For instance, if bullish pressure weakens, price might sharply decline, signalling a shift in momentum to the downside.
I hope you guys found this post insightful, have a great trading week everyone!
US30 longs from 38000.0 back upGiven the strong bullish sentiment in US30 this week, the plan is to continue trading in line with the current trend. With recent price action breaking structure to the upside, it has formed a clear 9-hour demand zone. I'll be patiently waiting for a Wyckoff accumulation within this zone.
Once this accumulation pattern confirms on the lower time frames, I'll be keen on taking long positions, especially considering it aligns with a psychological level at 38000.0. Additionally, this zone has demonstrated an impulsive move, leading to a Break of structure (BOS). I anticipate this move to propel US30 to establish new highs.
Confluences for US30 Sells are as follows:
- Price has been overall bullish short term and long term so this is a pro trend idea.
- The 9-hour demand zone has caused a break of structure to the upside.
- There's some liquidity left to the upside that can be taken. Looking at the candle stick anatomy bulls are still looking more dominant.
- I anticipate a Wyckoff accumulation to occur during the ongoing pullback
- Sentiment analysis also sees US30 to be very bullish which is another confluence.
P.S. Given my strong bullish sentiment and the diminishing strength of bears, I wouldn't be astonished if price reverses. This market has been remarkably bullish for quite some time, so a reversal might occur to fill in imbalances or sweep liquidity left below.
US30 Longs from 37600.0 or 37300.0 back upUS30 recently broke out of its ranging zone, achieving new all-time highs and confirming an extremely bullish trend. This further strengthens the prevailing idea, prompting us to adapt and seek opportunities for buying to continue the upward trend.
We've identified two demand zones—one on the two-hour timeframe, close to the current price, and another (10hr) below, which is considered more ideal. The latter broke structure on a higher timeframe, swept liquidity, and is within the 0.78 fib range. I'll be patiently waiting for either of these two zones to explore potential buying opportunities.
Confluences for US30 Buys are as follows:
- Price needs to dip to a significant demand level for an upward rally to persist.
- The market trend is long-term bullish, aligning with this idea.
- New demand zones have been left on the (10hr & 2hr) which caused a BOS on the HTF.
- Price has taken ATHs confirming the bullish trend.
- Price has broken significant structure to the upside also reinforcing this idea.
- Imbalances below that need to get filled as well so a potential pullback does make sense.
P.S. Despite the prevailing bullish trend, it's crucial not to have tunnel vision and overlook the possibility of a bearish bias. With price absorbing all liquidity to the upside, there's a chance for a melt-off, potentially breaking through my demand zones and reaching the equal lows below them.
US30/USD Longs from 36600.0 back upUS30 doesn't currently capture my interest due to significant ranging and the build up of liquidity, awaiting a breakout. Once the breakout occurs, whether to the upside or downside, opportunities can be seized. Given the overall bullish sentiment, the demand zone for potential buys holds more appeal. I'll await a downside breakout, fill the imbalance, and then address my 4hr demand zone.
In case price breaks higher, establishing new highs, I'll look for a fresh demand level for buying opportunities. Alternatively, if the price breaks down and undergoes a character change, it may create a supply zone for potential short-term sells.
Confluneces for US30/USD Buys are as follows:
- Price is ranging a building liquidity due for a breakout and to eventually react off a zone.
- A demand zone below triggered a break of structure to the upside.
- The market trend is longterm bullish, aligning with this idea.
- Imbalance above the demand signals favourable reaction at my POI.
- lots of liquidity above, including trend lines and untouched Asian highs.
- Price needs to dip to a significant demand level for an upward rally to persist.
P.S. I'm currently holding off on immediate trades, waiting for price to initiate a breakout. The market appears to be in a consolidation phase, and I'll only consider entering trades once price establishes a clear direction to sweep liquidity.
Have a great trading week ahead everyone!
US30USD Longs from 36700.0 back upwards.he current situation for US30 lacks interest as price has already cleared a significant portion of the supply, resulting in a bearish move to eliminate remaining trendline liquidity. Currently, I am patiently waiting for a new break of structure to occur and the formation of a fresh supply zone. This will provide an opportunity to initiate sell positions targeting my Demand zone POI at 36700.
Alternatively, if a break of structure doesn't materialize, I'll look for price to descend, fill the imbalance, and accumulate around my 4hr demand zone. From this point, I anticipate a new upward rally, allowing for potential buy entries in line with the bullish trend.
Confluences for US30 Buys are as follows:
- Bullish pressure weakens, evident in a CHOCH and confirmed by a BOS
- A demand zone below triggered a break of structure to the upside.
- The market trend is bullish, aligning with this idea.
- Imbalance above the demand signals favourable reaction at my POI.
- Abundant liquidity above, including trend lines and untouched Asian highs.
- Price needs to dip to a significant demand level for an upward rally to persist.
P.S.If price doesn't reach that low, I'll patiently await another upside break, leaving behind a demand zone for potential buys. Currently, my primary point of interest is at 36700.0, so observing price action at this moment is preferable.
Hope everyone has a profitable first month!
US30/USD Shorts from 37780.0 down towards 37500.0This week, my outlook for US30 leans towards a bearish correction downward. Given the recent strong bullish rally, the diminishing bullish pressure indicates a potential retracement to sweep liquidity and address imbalances below. Subsequently, we'll be on the lookout for buying opportunities around the 37500.0 psychological level.
The ongoing distribution and the change in price character on the hourly timeframe signal readiness for a downward move. Upon reaching our designated (6hr) Point of Interest (POI), I'll await further confirmation through a redistribution on the lower timeframe within the zone before considering a sell setup.
Confluences for US30 Sells are as follows:
- Lots of liquidity to the downside in the form of trend line liquidity and equal lows.
- Price has changed character on the hourly and price has left a clean 6hr Supply Zone.
- Candlestick anatomy showing that bullish pressure is getting exhausted.
- Major imbalances left below as well on the higher time frame that need to be filled.
- Price has been moving very bullish recently and is due for a correction.
- If price wants to continue in a bullish direction I expect for price to tap into the 4hr demand.
P.S. While my current stance is bearish in the short term, my overall outlook for the market remains bullish. This bearish perspective is a temporary one, allowing us to align with the prevailing trend eventually. It's crucial to note that my bearish scenario may be invalidated, considering the presence of equal highs nearby.
HAPPY NEW YEARS TO ALL OF YOU AND HOPE THIS YEAR BRING EVERYONE PROFITABILITY AND CONSISTENCY. LETS CATCH THESE PIPS!
US30/USD Imminent Shorts down towards 36600.0My bias for this weeks forecast is for US30 to see a temporary bearish move to the downside. As price has now slowed down, it shows that bullish pressure has now become exhausted. To add, we can see there was a clean 4hr supply which has triggered this initial bearish move.
Having observed the expected retracement and correction back up to 37500.0, I now anticipate a price decline in my POI. This expectation is based on the objective to fill in imbalances below and sweep liquidity, including the previously established equal lows. Given the current holiday season, I also anticipate price movements to be slow and choppy.
Confluences for US30 sells are as follows:
- Tapped into a 4hr supply zone that has caused CHOCH to the down side.
- Wyckoff distribution has been formed and validated via a CHOCH on the 15min.
- Imbalance left below as well as liquidity to target such as the relative equal lows.
- No reversal magnets above my POI which makes my setup more favourable for sells.
- In order for price to keep going up it must come down to tap into some sort of demand level.
- Rejection candle within our zone on the higher time frame reinforces that bullish pressure has now become exhausted.
P.S. Even though my confluences are very strong for sells at the moment, we can't disregard a possible rally which breaks this 4hr supply zone. We have to remember that price overall is still bullish so we have to be cautious when trying to enter a counter trend trade like this.
If you found this post insightful, be sure to drop a like and comment below your thoughts!!!
US30USD Longs from 36600.0 back upThis week's analysis for US30 is distinctly bullish, given its aggressive surge past the all-time highs (ATHs). I believe there's further upside potential, providing traders with opportunities to explore nearby long positions for potential gains. In the provided image, I've identified three potential demand zones where I'll be looking for an accumulation.
Among the identified zones, the first is the 4-hour demand zone, situated closest to the current price. To maximise the potential for a positive bullish response, I am particularly inclined towards the areas surrounding the 11-hour or 8-hour demand zones at the bottom, deeming them as the most optimal zones.
Confluences for US30 Buys are as follows :
- Overall market trend on higher time frame as well as lower time Frame remains very bullish.
- There are no additional supply zones above that the price can respond to, only demand zones where we can anticipate another upward rally.
- So much liquidity to the downside that price has left including imbalances, asian lows, and trend lines.
- Three clear demand zones have been established in close proximity to the current price, and it is highly probable that the price will exhibit a reaction from these zones.
- Candle sticks on HTF are still very bullish carrying a lot of strong momentum which indicates buying pressure is still not yet exhausted.
P.S. Despite the robust bullish performance of US30, marked by its attainment of all-time highs (ATHs), it wouldn't be unexpected for the price to initiate a bearish trend. This expectation is rooted in the substantial liquidity and imbalances that remain below. However, considering the absence of a significant CHOCH to the downside, I maintain a strong bullish stance on the market at present.
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/USD Shorts from 36600.0 back down.Last week's price action exhibited significant ranging, mainly influenced by the proximity to all-time highs (ATHs). My current perspective is that US30 is actively generating liquidity, setting the stage for a bearish reaction once the daily supply is mitigated. This particular supply level holds substantial importance as it is the last on the chart, existing on a higher time frame and having broken structure to the downside. I anticipate a scenario where the price sweeps the top of the consolidation, touches my Point of Interest (POI), and subsequently descends towards the lower bounds of the consolidation and potentially even lower.
Given the post-Non-Farm Payrolls (NFP) situation, I foresee a breakout from this range, initiating a trend and providing opportunities for traders like us to capitalize on. My strategy involves patiently waiting for a Wyckoff distribution to take shape in this zone, allowing us to secure a precise entry point for our bearish positions.
Confluences for US30 Sells are as follows:
- Price is near daily supply which has caused a BOS to the downside on the higher timeframe.
- There lots of liquidity lying below in the form of EQLs, Asia Lows, and trendline liquidity.
- The bottom part of the consolidation also holds lots of liquidity so we can target as T.P levels
- Wyckoff distribution is pending and still hasn't been formed yet on lower time frame.
- NFP event has also passed so now we could possibly see the real moves play out.
- Price has been very bullish recently and now bullish pressure is getting exhausted.
- This consolidation is a great sign that price might be looking to reverse soon.
P.S. I acknowledge the possibility of the price breaking the bottom first and interacting with a demand zone, triggering a bullish rally that could eventually exhaust the supply. It highlights the importance of adaptability. I'm closely monitoring multiple potential scenarios and adjusting my approach based on the direction the price may take. This approach enables us to identify more frequent opportunities in the market.
US30 Longs from 35100.0 up towards 35600.0My bias for US30 is bullish, hence why we are looking forward to the nearest buy opportunity which will be the 14hr demand below. This zone has caused a BOS to the upside meaning once a correction back down is complete, it will hopefully mitigate our POI where we will be able to enter buy positions. But we must wait for our lower time frame confirmations like Wyckoff.
There's a long wick that hasn't got filled in which I see as liquidity hence why I haven't got any near by supply zones however, we can catch buys up to that (7hr supply) so we can eventually sell back down. Nevertheless, price could go lower as price has been very impulsive and it has left quite a few imbalances below. So we could see a mitigation of a cheaper zone like the 10hr.
Confluences for US30 Buys are as follows
- Overall Market trend (short term and long term) is both bullish, matching my bias.
- For price to keep going higher it must create a pull back in order to create a new leg.
- Price has CHOCH and caused several BOS to the upside confirming the trend.
- Liquidity has been swept already so there's enough momentum for price to push upwards.
- Price left a 14hr demand at a psychological level of 1990 that caused an impulsive move up.
- Pending Wyckoff accumulation to play out as price is not near my POI as of now.
P.S. I don't personally see a current near by supply to take sells from so I would rather wait for price to "show me its hands" and take it from there. In addition to this, Price is between a lot of liquidity right now and we might just see a consolidation but, we have to always remain adaptive hence why we have spoken about both scenarios that could play out.
US30/USD Shorts down towards 34400.0 (possibly lower)From my US30 analysis we are currently approaching a key level of supply, even though we are very bullish the market requires a pull back in order to mitigate the inefficiencies left below, Hence why I am temporarily bearish this week. I see price reacting from the daily supply and dropping towards 34400.0 or even lower to more discounted zones in order for price to continue in its bullish trend upwards.
As of current price I would be waiting for a distribution to play out on the lower time frame and a clean CHOCH because we will be counter trend trading back down. As of my designated target, there is lots of imbalances as well as liquidity in the form of asian lows.
Confluences for US30 Shorts are as follows:
- Price about to tap into a daily supply zone that has caused a BOS to the downside.
- Current price has swept lots of liquidity (EQHs) and has taken out swing highs just below.
- Price is premium so it's ideal to sell from this daily supply zone that we are approaching.
- Lots of liquidity to the downside as well as imbalances that needs to get taken.
- Price has been moving bullish and requires a pull back if price wants to continue in uptrend.
- Price is slowly distributing before the mitigation of zone but pending a clean CHOCH.
P.S. we are at the top of this internal structure that has caused a huge break of structure to the downside in which price is more probable to react from. As we have entered a premium POI I would be looking at imminent sells soon as possible once my confluences are met.
US30/USD Shorts to 32600.0 US30 has recently broken structure to the downside on the higher time frame indicating it wants to continue in its bearish trend however, I believe it will not hold for too long as the over all market is bullish. In terms of current price action I'm expecting for price to continue going down a bit towards the 32600.0 mark.
Scenario (A) is Selling from the current price as it has tapped in a 22hr supply zone that has caused a BOS to the downside. Now price has retraced back into it, wyckoff distribution has played out for us to take sells from the supply we are in. Once we get to the target we can wait for price to show us its hands to decide if we can buy back up to another supply or not.
Scenario (B) would be waiting for price to push higher and take out our current supply zone and eventually tap into the 4hr above where better premium prices are. Not only did it cause a change of character but it also has imbalances below it which is a good sign of that zone being respected. Then we will wait for our lower time frame confirmation in the form of a re distribution and an another CHOCH to sell down towards our designated target of 32600.0
My confluences for US30 shorts are as follows:
- The market has broken structure to the downside on the higher timeframe.
- Price has tapped into a good supply zone (22hr) that has also caused a BOS.
- Wyckoff distribution has taken place and has changed character leaving a good price to sell from.
- There's loads of liquidity to the downside we can target in the form of equal lows, trendline and imbalances.
- The dollar is currently bullish and has been very strong recently so I am expecting this pair to drop more to the downside.
P.S. this is just a short term idea for US30's current market conditions however we have to be cautious when trading this week as there is FOMC on Wednesday and NFP on Friday so trade safe and have a wonderful week ahead!
Medium Term Key Levels for US30 (PMLs)These are my medium term key PMLs for US30. It is in a range at the moment.
Dow Jones (US 30) daily analysis Dow Jones (US 30) daily analysis on a daily chart. The price is currently at an area of confluence. if the resistance level hold we will see the price moving down but if the price break the level , we will be good for a strong buy. Wait for the price action.
US30 top-down analysisHello 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.
