DJIBuy position due to reaching a certain range and correction up to 50% Longby Unbreakable9800Published 0
Dow tests major support area - can it bounce?After last week’s breakout above 40K, the Dow went on to rise a further 1380 points before dropping sharply in the last two days of the week. As a result, the Dow is now back near the breakout area, now testing it from above. Can we see a bounce here? Given last week’s bullish breakout, the path of least resistance on the Dow remains to the upside, even if we see a little further downside follow-through from here. Now that it has broken above key resistance and a psychological hurdle of 40,000, this area is going to be the most important support on any further dips. The first line of defence for the bulls was at 40260, which being tested at the time of writing. By Fawad Razaqzada, market analyst at FOREX.comLongby FOREXcomPublished 1
Weekly Forex Outlook Sun.July.21.2024 - Fri.July.26.2024Like and Comments would be appreciated :D Not Financial Advice, Just my outlook/opinion06:59by unkn0wntrad3rPublished 112
DJ30 Breakdown continuation tradeDJ30 breakdown continuation trade, out of balance to the downside, countertrending weekly and monthly breakout situation... unfortunately i had my take profit right a pdLow, which it did not reach by an inch... and it came all the way back to take me out... mybe still the entry process might be of interest03:04by TC888Published 3
The Dow Might Show A Bullish RallyeWe expect an interim bull rally in the coming trading days. Please note that the medium-term trend is bearish. However, the overriding upward trend remains intact.Longby OchlokratUpdated 1
We Buy Stocks In Bull MarketsThe Dow Jones Industrial Average just had its highest weekly closing price in history. Meanwhile, this week we also saw the highest reading of NYSE stocks above their 200 day moving average during this entire bull market. Do you know how many times we saw a new 52-week high for the Dow in 2021 along with these breadth readings also hitting new cycle highs? Zero. It didn’t even happen once. That’s because back in 2021, market breadth was deteriorating, not expanding. See the difference? These are the biggest and most important companies in this country. But what about the companies down the cap-scale? Small-cap Indexes have not been participating during this bull market, although plenty of small-cap stocks and sectors have. But now the indexes are joining the party as well. We just saw new bull market highs for the Small-cap Russell2000 Index. And when you break down what’s happening within that index, we just saw new 30-month highs for both Small-cap Value AND Small-cap Growth. There are so many opportunities right now in the market, but how do you know which are the best ones? Funny, you’re in luck. We’ve been working on something BIG behind the scenes. And we’re not just looking for base hits. We are ONLY looking for huge winners. This is a bull market. So we’re not messing around. If it can’t be at least a double, then I’m not interested. We’re going for multi-baggers.Longby USDSZLPublished 1
us30 intradayObjective: To capitalize on short-term price movements within a single trading day. Tools Needed: Trading platform with charting capabilities, moving average indicators.Longby tshepotshangase38Published 0
The Dow Jones index ended the correction processBy examining the trend in the daily time frame, the Dow Jones index, having an important support interval in the range of 40,348-40,078, can increase to the previous ceiling resistance in the range of 41,360.Longby arongroupsPublished 3
US30 trade ideaStill a continuation of last weeks movement. After breaking below the support on friday a retest followed and we anticipating for a further continuation to the downside, target being the next zoneShortby SaacTradesPublished 3
Bearish Trend Expected Below Key Resistance at 40420Technical Analysis: US30 The price has reached the resistance level of 40420, as mentioned in the previous analysis, and has since dropped, consolidating between 40060 and 40420. Current Outlook: The US30 is expected to decline as long as it trades below 40420, targeting 40060. A break below 40060 would suggest a continuation of the bearish trend. Bullish Scenario: For a bullish trend to be confirmed, the price needs to stabilize above 40420, with confirmation coming from a 4-hour candle closing above this level. Bearish Scenario: As long as the price trades below the resistance line at 40420, it is likely to test 40060. A break below 40060 would indicate a downtrend towards 39790. Key Levels: - Pivot Line: 40420 - Resistance Levels: 40640, 40580, 41050 - Support Levels: 40080, 39880, 39600 Today's Expected Range: The price is anticipated to fluctuate between the support at 40060 and the resistance at 40650. Previous Idea: Shortby SroshMayiPublished 4
bull runLooking at taking buying opportunities at the current price as the market is saturated with sells from last week it is a counter trade and looking at LTF's High swings as my target areas.by cpointfxPublished 1
US30 market analysis forecastanalysis forecast for dow jones, hence the coming week I see weakness on dollar indexLongby LordemersonUpdated 1111
Correction It is expected that the correction process will end in the current support range and we will see the beginning of the upward trend. If the price crosses the level of 78.6%, the downward trend will continue Shortby STPFOREXPublished 0
PART 5: 67years back in time..This is the last episode. We may return to this analysis to modify it as time goes on. Check back for a new episode. Talking about how we will be trading this market and where our Stop loss should be placed. Thank youLong14:49by awuahbaffourPublished 1
PART 4 67years back in timeWe have previously established the close relationship between the 1899-1929 period and the 1997-2028 market cycle. Various arithmetic sequences and planetary cycles that influenced the price movement during the 1899-1929 cycle are true to happen in the current cycle. As we saw in this video, the price movements already recorded obeyed the same laws as of the 1899-1929 period and would continue to do same.. Check back for PART 5 as we look at the small timeframe and possible ways we can trade the market.Education15:21by awuahbaffourPublished 0
Dow Jones is approaching an important supportHey Traders, in today's trading session we are monitoring US30 for a buying opportunity around 39600 zone, US30 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 39600 support and resistance area. Trade safe, Joe.Longby JoeChampionPublished 1112
US30 DOW JONES INDEX│ US30 │ 22 - 26 JULY 2024 - Daily timeframe Illustrated by the red & grey dot are the weak & strong highs and lows respectively. The daily timeframe is currently experiencing a pullback and will only be confirmed bearish at the break of 39176.0 Although we are in discount price has not tapped into of the PD Arrays I look for • Bullish bias - Four-hour timeframe Testament to the daily timeframe correction we can see that the four timeframe has switch bearish and our closest swing high is 41424.6. No swing low has formed yet on this timeframe and price could go even lower from this point. We will have to wait for price action to determine that for us. • Bearish bias - 15-minute timeframe Price is in a range; we have created both swing lows & highs but have no seen a violation of either of the two. This is all just fractal evidence of what is happening on the long and medium term timeframes. • Consolidation Once we have a clear directional bias on the 15-minute timeframe we can drop lower into our entry timeframe, which is the 5-minute timeframe, and look for any entry model that aligns with the bias established on the short-term timeframe ©Austin Palmer for FONOS Fx, 2024. Longby Austin_PalmerPublished 1
US 30 - Ranges overview Here is what I will be looking for upcoming week on US 30. As you can see we've broken out of the HTF range (red line) and we are currently trading back towards the sellside. IF we break back within the range and hold expect some downside pa towards 39500. This will confirm a deviation of the highs of the range. IF we hold the current sellside...expect us to retrace towards the buyside liquidity and to continue towards new ATH. No need to impose your WILL on the MARKET. LET IT COME TO YOU AND TRADE WHAT THE MARKET SHOWS YOU PLAN....PATIENCE....EXECUTE Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.by Patrick2707Published 0
PART 3: 67years back in timeContinuation of our DJI series. Check back for PART 4Education11:21by awuahbaffourPublished 110
The US30 bearish out look. High probability sell set up inbound on us30. If support can not hold. Shortby samstoobadPublished 3
PART 2: 67years back in timeContinuation of the cyclic Movement of the DJI market. Make sure you watch the previous post and check back for PART 3Education10:11by awuahbaffourPublished 330