Weekend Outing Funds US30 to make a drop going into the weekend. a 1 to 4 risk to reward trade. see chart for entry and exist. trade RESPONSIBLY Shortby wizzywise1Updated 11
Trade summary DJ30 reversal continuation tradeNice reversal situation on DJ30 in a very bullish chart showing weakness yesterday with a fakeout high on the daily and a FRD close out of balance... today the continuation trade 3rd hour NYShort03:19by TC888Published 2
US 30 MAINTAINS A BULLISH STRUCTURE Price trades at 40400. I suggest a bullish trend to develop so soon from the current A buy opportunity can be obtained around that price level Longby CartelaPublished 2
DJI 40590 to 41300 target hit what next ?? The DOW JONES reached the upper target of 41300 with a print of 41390 and into it spiral 927.7 to the tick. we are now in minor wave 4 of 5 of 5 at best the worst is we upthrust out of the 4th wave triangle I talked about . DO NOT BE LONG DIA from here out .or until the structure forms a abc and pulls back to .382 of wave 3 of 5 by wavetimerPublished 2
WATCH DOW JONES NEXT POTENTIAL MIVE TODAY!!!! 🚨 US 30 HIGH PROBABILITY SELL SETUP🚨 * Here We Can See Clearly The Next Potential Move For US 30 Today. * Keep Your Eyes Close On Your Trading Positions. * Happy PIP Hunting Traders. * FXKILA *UShortby FX-PIPHUNTERUpdated 15
#dow jones there are several common patterns and indicators that can help predict the end of an ascending trend 2024 The end of happiness for Market bullsShortby ibrahimtarekibrahim588Published 5
Ichimoku Watch: Dow’s Correction a Dip Buying Opportunity?Ichimoku Support Calling Dip Buyers Following the Dow Jones Industrial Average (Dow) refreshing all-time highs on Thursday at 41,414, the day ended as a bearish outside reversal. While the bearish outside reversal could trigger an extended retracement slide, all of the Ichimoku Indicator’s signals are bullish. For example, price action is trading firmly beneath the Lagging Span (green at 40,589), and the Conversion Line (blue at 40,277) crossed above the Base Line (red at 39,848) at the end of June. On top of this, the Leading Span A (light green at 40,062) crossed above the Leading Span B (light orange at 39,717) in mid-June to form an Ichimoku Cloud. What is key on this daily chart is that the Base Line and the Conversion Line at 39,848-40,277 represent a possible support zone that brings together a horizontal support line at 39,993 and a trendline support (from the low of 32,312). Price Direction? With the trend firmly to the upside and the support area between 39,848 and 40,277 commanding attention, this remains a buyers’ market. If tested, the question is whether dip buyers will make a show from the aforementioned support zone and attempt to challenge highs. Longby FPMarketsPublished 0
US30 - Bearish Outlook After Reaching Key ResistanceDow Jones Analysis: Bearish Outlook After Reaching Key Resistance Based on the provided daily chart of the US30 (Dow Jones), the price has reached a significant resistance zone around the 41,306 level. This area, marked as the Yearly Resistance Zone, is critical and could trigger a bearish reversal. Key Observations: 1. Resistance Zone: The price is currently facing a strong resistance at the 41,306 level, which is likely to induce selling pressure. 2. Support Zone: Below the current price, significant support zones are around 40,005 and 38,700, aligning with the Demand Zone. 3. Trend Lines: An ascending trend line indicates a longer-term upward trend, but the current resistance might lead to a short-term correction. Bearish Scenario: - Immediate Decline: If the price fails to break and sustain above the Yearly Resistance Zone, a pullback is expected. - **Target Levels:** The initial target for the pullback is the support line around 40,005. A further decline could push the price towards the Demand Zone at 38,700. - **Confirmation:** Bearish momentum will be confirmed if the price closes below the support at 40,005. Key Levels: - Resistance Levels: 41,306 (Yearly Resistance Zone) - Support Levels: 40,005 (Support Line), 38,700 (Demand Zone) **Today's Expected Range:** The price is anticipated to fluctuate between the support at 40,005 and the resistance at 41,306, with a bearish inclination. Preferred Bearish Direction: 1. Reversal Confirmation: Watch for the price to struggle and fail to break above 41,306 convincingly. 2. Short Positions: Consider initiating short positions if the price shows signs of reversal below 41,306. 3. Targets: Aim for initial targets at 40,005, with potential for further declines to 38,700. 4. Stop-Loss: Place stop-loss orders above the 41,306 resistance zone to manage risk. Conclusion: The Dow Jones is likely to experience a bearish reversal from the current resistance zone. Monitoring price action around 41,306 will be crucial. If the price fails to break above this level, a move towards the support at 40,005 and potentially down to 38,700 is expected. This bearish outlook will be invalidated if the price breaks and sustains above the 41,306 resistance level.Shortby SroshMayiPublished 1110
US30 trade ideaUS30 has been on an uptrend but structure has been broken. there was a brake below on the mid term support and a retest to confirm the brake and now a continuation of a downward movement is anticipatedShortby SaacTradesPublished 4
US30The Dow Jones Industrial Average Index (US30) on a 1-day timeframe. Key Elements in the Chart: 1. Entry Zone (40,070 - 39,880): The recommended entry range for a long position is between 40,070 and 39,880. 2. Target Levels: Target 1: 40,636.77 Target 2: 41,295.33 Target 3: 42,750.00 3. Stop Loss: The stop loss level is set at 39,825. 4. Support and Resistance: Support Zone: Marked in green below the entry range. Resistance Levels: First Resistance: 40,636.77 Second Resistance: 41,295.33 Final Cycle Target: 42,750.00 5. Current Price: The current price at the time of the chart is 40,604.42, which is below the first resistance level but above the entry zone. Analysis: 1. Entry Strategy: The recommended entry zone for a long position is between 40,070 and 39,880. Entering within this range allows you to capitalize on a potential upward movement towards the target levels. 2. Target Levels: The first target level of 40,636.77 is relatively close to the current price, suggesting a short-term target. The second target of 41,295.33 and the final cycle target of 42,750.00 indicate higher resistance levels and potential profit points for medium to long-term trades. 3. Stop Loss: A stop loss at 39,825 ensures a predefined risk, protecting the trader from significant downside moves if the market goes against the position. 4. Support and Resistance Analysis: The support zone indicates a strong buying interest, which can serve as a cushion against falling prices. Breaking above the resistance levels will be crucial for the continuation of the upward trend. Trading Plan: 1. Enter Long Position: Within the entry zone (40,070 - 39,880). 2. Set Stop Loss: At 39,825 to manage risk. 3. Monitor Resistance Levels: Watch for price action around 40,636.77 and 41,295.33. 4. Take Profit: Partial profit at the first target (40,636.77). Further profit at the second target (41,295.33). Final profit around the final cycle target (42,750.00). Longby Tdawly_OfficialPublished 2
US30 Sell **US30 Sell Signal Identified:** RSI shows divergence, indicating a potential drop. Sell if it retraces to 40,891 or 41,208, managing risk, with a target of 39,393.08.Shortby MUHAMMADWALEEDKHANPublished 0
What do DJI, SPX and NDX have in common?Well the obvious answer is that they are Major USA indices and they also share some of the big players as stocks which make up their composite Indices. My answer the Question... The beauty of Trading View is the ability to combine all sorts of aspects of trading information together, whether it be writing new scripts, combining indicators or in my case combing major indices together in Logarithmic view to get a new way of future price discovery (for SPX & NDX) by looking backwards or left at price structure on the next highest valued Indice. As we know A.T.M all 3 Indices are at A.T.H's so at some point in the near future there will be a move higher into new price territory. The question then is where is the price target? Where is the next resistance level when there is no price structure to the left on that Indice? What I noticed historically about these Indices is that past price structure (major highs and lows) from the higher valued Indice (Mostly DJI) is horizontally plotted forward into the future onto the lesser valued Indice. Like looking left historically at an instrument with a lot of data for support and resistance levels. Obviously with DJI being the highest dollar value Indice and it also moving higher past its all time high at some point into unknown price territory, we will have to rely on its own price structure for support levels or Fibonacci levels for clues about were price will find resistance levels in the future. On SPX and NDX though we have a different story. As these 2 Indices move higher into unknown price territory with no price structure of their own to the left looking back, we can use the past price structure of the higher dollar valued Indice (DJI) market highs and lows to assess future levels of resistance or to find future price targets. With SPX we will be able to use NDX and also DJI to find future higher price targets and resistance. With NDX we will be able to use DJI to find future higher price targets and resistance. Some examples, If you pull up these 3 indices on a line chart yourself you will find that with NDX and SPX the support levels for the Dotcom and GFC crash's were DJI's historical price structure levels from 1961-1981. $731-$965. If you look at SPX the present high and previous equal high on 01/2022 you will find it is mirrored in price structure on NDX 2015-2016 period and that the 2000 Dotcom peak is acting as a support level $4380 for present SPX price structure. NDX 01/2022 If you go way back in time to the 1930's Great depression market crash you will find the Aug 1929 SPX high $32.50 was in fact a resistance level which became support level for DJI back in 1898 and 1903 respectively. The major past Cycle Highs on the higher valued Indice prior to recession tend to be the resistance levels for for future highs on the lower valued Indices. Or resistance levels that were broken and became support on DJI became resistance dollar value levels for SPX and NDX. It is obvious that vertically this 3 indices would show similar reactions to market shocks but I'm not quite sure why horizontally there are so many matching price support and resistance levels. This is a Monthly Chart over a 130 year period so the levels are harder to see and not precisely dollar accurate but if you use a weekly or daily chart you will see the levels line up very well. So, obviously in my head I'm wondering what the heck is happening here exactly? Some of these older levels have played out over 50-60 years into the future on DJI to the SPX and NDX, more recently the time frame is reducing to around 10-20 years. Fibonacci levels also work on this chart going from lowest value Indice at a recession low to next business cycle high on highest value Indice. Maybe W.D Gann could explain this accurately for me....Like is there some sort of Fractal playing out here or do the Wall street crew already use this method or is it the madness of the crowd echoing forward through time unwittingly expressing human emotion into charts of financial greed and fear? Who knows? I'd like to hear Traders ideas about this phenomena. by NeilshUpdated 3
US30 out of balance situation explained with TPOExplanation of the parabolic move of US30 over the last weeks resulting in a pullback move yesterday end of NY sessionShort04:21by TC888Published 2
Correction The downward trend is expected to continue. According to the behavior of the index in the current resistance range, possible scenarios have been identified. If the 78.6% level is broken, there will be a possibility of an upward trend Shortby STPFOREXPublished 0
Top-Down Analysis on US30 (Dow Jones Industrial Average)Weekly Time Frame Analysis 1. Market Structure: • The Dow Jones Industrial Average (US30) is in an overall uptrend, making higher highs and higher lows. • The recent price action shows a strong bullish momentum with the price approaching a significant resistance area. 2. Key Levels: • Resistance: 41,500 (recent highs), 42,000 (psychological level) • Support: 39,000 (previous swing low), 37,500 (strong support) 3. Indicators: • RSI: Around 70, indicating overbought conditions which may suggest a potential pullback. • Moving Averages: The price is trading above the 50-week and 200-week moving averages, confirming the uptrend. Daily Time Frame Analysis 1. Market Structure: • The daily chart confirms the uptrend with a recent breakout above 40,000. • The price has encountered resistance around 41,250 and is currently retracing. 2. Key Levels: • Resistance: 41,250 (recent high), 41,500 (next target) • Support: 40,000 (immediate support), 39,000 (daily support aligning with weekly support) 3. Indicators: • RSI: Around 65, showing bullish momentum but nearing overbought territory. • Moving Averages: The price is well above the 50-day and 200-day moving averages, indicating strong bullish sentiment. 4-Hour Time Frame Analysis 1. Market Structure: • The 4-hour chart shows a clear bullish structure with minor corrections. • Recent price action indicates a pullback after a strong rally, testing the 40,500 support area. 2. Key Levels: • Resistance: 41,000 (short-term resistance), 41,250 (key resistance) • Support: 40,500 (immediate support), 40,000 (strong support) 3. Indicators: • RSI: Around 50, suggesting neutral conditions with potential for either continuation or further pullback. • Fair Value Gaps (FVG): Small gap observed around 40,700 - 40,900, potentially attracting buy orders. 1-Hour Time Frame Analysis 1. Market Structure: • The 1-hour chart indicates a bullish trend with a current retracement phase. • The price is testing the 40,500 support after failing to break above 41,250. 2. Key Levels: • Resistance: 41,000 (immediate resistance), 41,250 (short-term target) • Support: 40,500 (current support), 40,200 (further support) 3. Indicators: • RSI: Around 40, indicating a potential buying opportunity as it approaches oversold conditions. • Moving Averages: Price is testing the 50-hour moving average, which could act as dynamic support. Summary: • Long-Term Trend: Bullish • Short-Term Trend: Bullish with a current pullback • Key Levels to Watch: • Resistance: 41,250, 41,500 • Support: 40,500, 40,000 Trading Plan: • Long Positions: Consider buying at the current support levels around 40,500 with a target of 41,250, and a stop loss below 40,000. • Short Positions: Look for shorting opportunities if the price fails to break above 41,250, targeting 40,000 with a stop loss above 41,500. This analysis provides a comprehensive view of the US30 across multiple time frames, identifying key levels and potential trading opportunities.Longby KironKavanaghPublished 1
US30 -H1 After the corrective wave, we may witness a new upward wave targeting levels between 40004.4 - 40558.8, which represent potential targets for the upward movement.Longby GOAT_TRADING_ACADEMYUpdated 7
DJI - Dow JomesPair : DJI - Dow Jones Description : Completed " 12345 " Impulsive Waves Break of Structure RSI - Divergence Bullish Channel as an Corrective Pattern in Short Time Frame Resistance Levelby ForexDetectivePublished 7
39300 incoming Short from 41400 Tp 39300..Bulls game over today.. Good luck and safe trade Shortby habib078641Published 6
US 30 short - swing trade (update) As you can see we broke below the current range lows and we are aggressively heading towards the sellside liquidity resting around 41000 Let's see IF the market wants to hunt it and go lower...shaking off and taking off all the bulls trapped at the highs. As always no need to impose your will on the market... JUST FOLLOW THE MARKET AND ITS RANGES. 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.Shortby Patrick2707Published 0
DJ30 Breakout continuation tradeClassic breakout continuation trade after an out of balance closing market with entry end of 2nd hour NY Session04:21by TC888Published 2
US 30 short - swing trade Here is a look into the what I am looking for on US 30. Taken two swing shorts....one pre NY open which did not fully go to the tp and another one after the NY open. As you can see we are playing the sellside nicely (red line). Entered both trade on the LTF invalidation and FVG (red box). IF we hold the current sellside (red line) expect us to retrace towards new ATH. IF we fail to hold the current lows expect some aggressive pa towards 41000 No need to rush...PLAN...PATIENCE AND 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. Shortby Patrick2707Published 1
US30 buy on new HHUS30 making new HH. BUy with SL below previous HL with risk reward 1:1 Longby AtifDhedhiPublished 1
Short Term SellWe should expect a drop on us30 since we have hit our higher high, we have an upper trendline we have set as our take profit. We have a reversal on H4 we can take this opportunity and see how daily close.Shortby OwenTPublished 4