DOW LONGDow at bottom of channel and downward trend line also coincides with 61.8 retracement from low and 88.6 from recent low....Im long from here stop just below the box as the lower box is always a possibility
US30 trade ideas
Bearish drop?Dow Jones (US30) is rising towards the pivot which is a pullback resistance and could drop to the pullback support.
Pivot: 44,592.03
1st Support: 44,083.28
1st Resistance: 45,084.89
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US30- Falling to Fill Gap and Rising SoonUS 30 is currently at a major support line at 44388. Price is likely to stay along this support line until tomorrow morning during high trade times between 9am and 11am. Price will likely continue falling or another day, however because we are at a major support line price may bounce off of the current support line faking a sell just to create a bullish trend. Look for a trend reversal between now and Wednesday.
US30 / Dropped and Still Continue Within Bearish Trend Technical Analysis
Dow Jones Already dropped and stabilized below 44755 which means still has a bearish volume to get 44410, it's possible to do a retest till 44750 and then start within a bearish trend.
To be bullish trend should break 44760 by closing the 4h candle above it, to get 44920
Key Levels:
Pivot Point: 44680
Resistance Levels: 44750, 44920, 45090
Support Levels: 44410, 44270, 43900
previous idea:
Dow Jones Wave Analysis 9 December 2024
- Dow Jones reversed from resistance area
- Likely to fall to support level 44300.00
Dow Jones index previously reversed down from the resistance area between the resistance level 45000.00 (which has been reversing the index from the end of November), resistance trendline of the daily up channel from August and the upper daily Bollinger Band.
The downward reversal from this resistance zone started the active minor correction iv of the higher impulse wave 5 from last month.
Given the overbought daily Stochastic, Dow Jones index can be expected to fall toward the next support level 44300.00 (former resistance which stopped wave i at the start of November).
Dow Jones reaching 44k zone again, bearish movements after NFPDuring last month the index reached 7% increase in price but now is waiting for the CPI data on Wednesday and FED decision in the following days. The price is now neutral around the 44k zone but the bullish tendency is strong as for now.
Main resistance is the 44k zone, upward movements can enhance the actual tendency.
Main Support is 43k and 41k zones. Any movements below the 41k could endanger the actual tendency on the chart.
There is also a bearish divergence between movements in price and movements in RSI. This signals losing of price momentum and probably can warn about corrections in price.
Following this, we have to wait for the new fiscal policies of United States.
Dow Jones Potential UpsidesHey Traders, in today's trading session we are monitoring US30 for a buying opportunity around 44350 zone, US30 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 44350 support and resistance area.
Trade safe, Joe.
DJI Is Bearish! Sell!
Please, check our technical outlook for DJI.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 44,642.75.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 43,791.11 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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US30 LONG IDEA I’m looking at this long trade on US30 back to the upside to take that external liquidity
Risk wisely if you’re joining me, what do you think?
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US30 Bullish Swing Setup Using Market Breadth EMA AlignmentKey Observations
✅ Support at Key Levels:
The price has approached the lower Bollinger Band (~44,579), a zone that historically attracts buyers. This area often signals oversold conditions and potential for a reversal.
✅ Market Breadth Confirmation:
Our proprietary Market Breadth EMA Alignment tool shows a stable bullish breadth value of 10 stocks, with bearish breadth limited to 5 stocks, suggesting that bullish momentum may resume soon.
✅ Candlestick Support Formation:
Recent candlesticks near the lower Bollinger Band indicate rejection of further downside, forming a potential support base for a short-term reversal.
Swing Trade Setup
Entry Plan:
Aggressive Entry: Enter near the lower Bollinger Band (~44,579) with tight risk management.
Conservative Entry: Enter long on a confirmed close above the mid-Bollinger Band (~44,634) for additional confirmation.
Profit Targets:
Target 1 (T1): Mid-Bollinger Band (~44,634).
Target 2 (T2): Upper Bollinger Band (~45,034).
Indicator Insight
This analysis uses the Market Breadth EMA Alignment tool to quantify bullish and bearish momentum across US30 components. By observing the alignment of bullish versus bearish stocks, traders gain additional insight into market sentiment.
Risk Disclaimer:
⚠️ This publication is for informational purposes only and does not constitute financial advice. Past performance is not indicative of future results. Always trade responsibly and use appropriate risk management techniques.
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This idea incorporates an invite-only script. If you’d like to learn more about the script’s functionality or request access, please message me directly.
1-hr US30: Slowed Upward Momentum Might Attract SellersFor the past couple of weeks the 45 000 level in the US30 has acted as resistance and since last week we registered a 400 point drop in the index. It is only normal to see a pullback after a massive bull rally, as many of the early buyers are selling to take profit. The strong bearish momentum, which currently dominates Dow Jones, is also confirmed by the Death Cross - a classic sell signal. A potential issue for short sellers however, is the rather low value of the RSI. This, added to the 400 point recent drop, might attract short term traders, who will want to "buy the dip". We would prefer to enter a sell, only after the value increases slightly, so we can achieve a better risk to reward. Looking at the current price action, the critical 50% Fibonacci retracement level seems like a possible resistance area, from where the US30 might continue to correct south. This zone corresponds to 44 800, or 200 points above the current market value.
DJIDJI - Dow Jones
Order Block
Break of Structure
Bullish Channel as an Corrective Pattern in Short Time Frame
Completed " 12345 " Impulsive Waves
Change of Characteristics
US30 H4The S&P 500 and the Nasdaq Composite closed at all-time highs Friday as official data showed the economy added more jobs than projected in November.
The technology-heavy Nasdaq rose 0.8% to 19,859.8, while the S&P 500 gained 0.3% to 6,090.3. The Dow Jones Industrial Average fell 0.3% to 44,642.5. Consumer discretionary led the gainers among sectors, while energy saw the biggest drop.
For the week, the Nasdaq jumped 3.3%, while the S&P 500 increased 1%. The Dow dropped 0.6%
In economic news, total nonfarm payrolls in the US climbed by 227,000 last month, the Bureau of Labor Statistics reported. The consensus was for a 220,000 increase, according to a survey compiled by Bloomberg. The unemployment rate rose to 4.2% from October's 4.1%, which was the market view for last month.
US30 Bearish Reversal Signals Looming?The Dow Jones Industrial Average (US30) may be setting up for a potential pullback, as technical indicators signal weakening momentum.
Key Observations:
- The price has approached the upper Bollinger Band resistance (marked by circles in the chart).
Historically, such instances often coincide with price corrections or consolidation phases.
- Recent candles indicate hesitation, with bearish pressure emerging near critical resistance levels.
Indicator Confirmation:
- The Market Breadth EMA20 has dropped below 20, reflecting reduced market participation and signaling potential waning bullish momentum.
- The Dow's failure to sustain above the upper Bollinger Band, coupled with rejection candles, strengthens the case for a reversal.
Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risks effectively.
DJIA H4 | Approaching overlap supportDJIA (US30) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 44,527.74 which is an overlap support that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 43,710.00 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level.
Take profit is at 45,542.92 which is a level that aligns with the 161.8% Fibonacci extension level.
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Dow Jones for buyIf you're trading today, consider the current consolidation pattern and news impact. Higher times are still in pullback so bit caution here ⚠
Dow Jones for buyThe Dow Jones Industrial Average (DJIA) is showing mixed performance today, reflecting recent market sentiment. As of now, there’s cautious optimism among investors due to favorable economic data. However, some components are lagging, particularly in sectors like healthcare and technology, while financial stocks show modest gains.
US30 Faces Downside; Key Supports in FocusHello,
BLACKBULL:US30 appears poised for potential downside as both the 1W and 1D pivot points have acted as resistance. The extent to which supports will be tested remains uncertain. Key levels to watch include strong 1M support at 43,095.7095 and 1W support at 44,344.641.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
US30 at a support line- Most Likely to continue bearishUS 30 is bearish from reaching an all time high. Currently sitting on a support line at 44613 look for price to react at this level giving an opportunity for a buy or a sell. Keep in mind the US30 loves to fake so be sure to pay attention to a retest once price breaks the support line. Our bias is price will continue in the trend downward until it reaches 44360
Reducing riskiness works in favor of stock indicesIn the recent four-hour chart of the Dow Jones Industrial Average (DJIA), the price is moving in a clear ascending channel. This movement shows that the market continues its upward trend.
Currently, the price of the Dow Jones is above the support level of $44,534. This support level is very important to continue the upward movement. If the price manages to maintain this level and continue to move above it, we can expect the price to increase and reach higher resistance levels.
As long as the price remains above the $44,534 support, the next resistance target will be $45,949. Technically, this resistance level is a key target for the continuation of the upward trend, and if the price reaches it and does not cross it, it can start a new wave of buying and increasing the price.
Also, considering the strength of the upward trend and the position of the price inside the channel, this resistance target is considered as a sign of market strength, and its achievement can be an important milestone in the next movement of the market.
The 45,000 level is acting as a roadblockGood day to all,
Recent market movements in the DOW and SPY have demonstrated a sharp upward trend without any significant pullbacks. This deviation from typical market behavior suggests the possibility of artificial manipulation rather than organic growth.
One major contributing factor appears to be the Federal Reserve's aggressive rate-cutting policies. By lowering interest rates, the Fed has incentivized borrowing and increased liquidity in the market, creating upward pressure on asset prices. While this move may have been aimed at stimulating economic activity, it has also introduced distortions, pushing equities higher at an unsustainable pace.
This type of rally, driven more by monetary policy than by strong economic fundamentals or corporate performance, increases the risk of a sudden correction. A lack of major pullbacks could indicate overextended positions in the market, as investors chase the momentum fueled by easy money conditions.
In light of this, my strategy is to remain cautious and focus on identifying potential reversal points. With the DOW and SPY showing signs of being overbought, I'll monitor key technical indicators and macroeconomic data for signals of a potential correction or trend reversal.
The Fed’s policy shift highlights the importance of aligning my trades with broader economic factors. This environment underlines the need for discipline in risk management, as artificially driven rallies can be unpredictable and volatile.
PEPPERSTONE:US30 NYSE:DOW
Dow Jones (DJI) Linear Macro Outlook Linear target: 44k
Impulse target: 48k
The stock market cycles are lengthening. Continued downside till EOM followed by a final melt-up rally that will bring the end of grand wave 5.
ETA H2 '22 - H1 '23.
DOW JONES (1h) Death Cross turning into a buy signal soon.Dow Jones is trading inside a Channel Up that is long term supported by the MA50 (1d).
On Monday we will see a Death Cross (1h), which inside the Channel Up has been usually formed halfway through a Channel Down/bearish leg that forms the new Low.
Trading Plan:
1. Buy by next Wendesday the latest.
Targets:
1. 46000 (under a +8.31% rise from the last Low, which is where the October 18th High was priced).
Tips:
1. The RSI (4h) tends to form a bottom when it hits 30.00 (oversold limit). Be ready to buy if it hits that level earlier than next Wednesday.
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Notes:
Past trading plan:
