WALLSTREETCFD trade ideas
DJI- Correction to 40k zone?Since mid-September, the Dow Jones Industrial Average ( TVC:DJI ) has resumed its upward trend, reaching new all-time highs.
This recent rally reflects investor optimism and strong market momentum.
However, despite this bullish movement, the rise appears to be contained within a rising wedge pattern, which can often indicate a potential reversal or the weakening of an uptrend.
For traders and investors, a key confirmation of this potential correction would be a decisive drop below the 42,500-42,700 support zone. If the Dow30 breaks below this critical level, it could trigger a larger sell-off, possibly pushing the index down toward the 40,000 level—a significant psychological and technical support zone.
While it’s still too early to confirm whether this correction will take place, it’s important to keep an eye on the price action around the 42,500-42,700 range.
If the index fails to hold this zone, it could mark the end of the recent uptrend and the start of a broader market pullback.
In summary, while the Dow30 has been reaching new heights, caution is warranted due to the rising wedge pattern and key support levels.
If these signals confirm a correction, we may see the index retracing toward 40,000 in the near future.
Another Buy Opportunity on the Dow / US30This is a simple but effective approach for me that I have been using to trade US30 for some time now.
This is a top down analysis from weekly all the way to 15M.
Everything is bullish so I will never be selling this pair. That's why I am looking for a dip or pullback of this pair going to my buy zones.
I have 3 possible buy zones because we will never know where price will reverse.
So I am setting my alerts on these zones for me to be ready once it triggers.
I will update this idea again once price visited the zone for a possible 5M TF entry to get a better risk reward and targeting the All-time high or even higher if we get a very strong momentum since we have a red news later on New York session therefore we will have possible more volume coming in for this market.
US30: Seize the Opportunity - Buy Signal Active!US30: Seize this buying opportunity on the US30, as market conditions indicate a potential upward trend. The US30 is currently in a reversal phase, making it an ideal time to enter the market. Pay close attention to technical signals and indicators, as the US30 could soon experience a strong rise. Don't miss this buying opportunity on the US30 to maximize your gains.
DOW JONES 1hour Channel Up on its bottom. Buy.Dow Jones / US30 is trading inside a Channel Up and the price hit its bottom today.
By doing so it almost tested the 1hour MA200, which is holding since October 9th.
Also it completed a decline identical in % terms with the first one of the pattern.
This is a strong buy opportunity. Buy and target 43,450 (top of the Channel Up).
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US30 Idea ContinuationFrom last weeks sell idea, it seemed to respecty the consolidation area. With reaspect to the charting will be including wicks to ensure a larger more accurate supply/demand zone.
Overall bullish with making more highs but expecting a mild consolidation
#US30 Time to Lock in ProfitsBased on the current Elliott wave count, it appears that the price is at or nearing the top of wave 5 on the daily timeframe. As a result, we might anticipate a price downturn, if not a full reversal.
At this point, it would be prudent to lock in profits and prepare for a potential downward movement.
Additional confluences, such as the occurrence of bearish divergence in two degrees, and appearance of rising wedge pattern in 4H timeframe, further support the possibility of a top formation.
US30 short on retracement The Dow has been bullish for the past four weeks and a slight pullback to the 42728 psychological level is probable before it resumes to trend.
DOW/US30 - GOOD TIME TO SHORTTeam, we are shorting the DOW at 43315-43345
STOP LOSS at 43465
target at 43265-55
target at 43195-83205
target at 43112-25
Once the Price hits the first target, BRING stop loss to BE. Ensure take 60-70% profit .
Dow Jones (US30) - Elliott Wave Count5th wave seems to be finished as an ending diagonal. We can expect price to fall sharply anytime soon now.
US30 10/21/24💡
🔍 5hr time frame: Price is currently over extended.
Bias: Neutral, waiting for price to correct into the 10/20emas.
US30 SELL ANALYSIS DOUBLE TOP PATTERNHere on Us30 price form double top and try to go move down so if line 43065.7 break so there is a chance of moving more down so trader should look for SHORT with expected profit target of 42936.5 and 42777.4 . Use money management
US30 Market Analysis (Sell Bias):US30 Market Analysis (Sell Bias):
We are selling US30 due to key technical indicators pointing towards a potential downside move. The price is currently at strong resistance levels, where past price action has shown difficulty in breaking higher. In addition, the trend lines indicate a downward trajectory, and pivot points are aligning with this resistance, reinforcing the sell signal.
The stochastic oscillator is also showing overbought conditions, suggesting the index is overextended and due for a pullback. With these factors in play, a sell position aligns well with the current technical setup.
US30 (Dow Jones) Weekly Analysis Alert!🚨 US30 (Dow Jones) Weekly Analysis Alert! 🚨
📊 Resistance Zone: 43,500 - 44,000
📉 Reversal Point: 43,300
🎯 Target: 40,300
US30 is showing signs of a **potential fake breakout** near the 43,500 - 44,000 resistance level. A rejection here could lead to a **downward move**, with the next target around 40,300. Watch closely for a reversal near 43,300!
⏳ Keep your eyes on the RSI and momentum indicators for confirmation! This could be a **great shorting opportunity** if the price reverses.
#Trading #US30 #DowJones #StockMarket #TechnicalAnalysis #TradingOpportunities #TraderLife #StockMarketAnalysis #MarketTrends #InvestSmart
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Does US30 Bulls Take A 'Short' Break ?Analysis done on the 4HR
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Given Info:
→ MSS Indicating Bullish run
→ We have 3 BOS on 4HR TF creating new HH
→ After 3rd BOS the last 3 4HR candles we have BSL Sweep that failed to take out the last high, by rejecting and essentially sweeping liquidity.
Scenario 1 ( Green Line) :-
→ Price comes pushes down to our SIBI @ 42.928 (sell side imbalance buy side inefficiency) still with in our bullish channel and rejects of off the 4HR FVG and pushes to push back up BSL creating a new high at 43.740?
Or 🙄
Scenario 2 ( Red Line ):-
We get a deeper retracement taking out the bullish OB turning it into a Breaker Block , creating a MSS then retesting the Breaker Block and making its way further down to SSL @ 41.923?
Seems shorts need to happen in order to go long again, as after every HH that gets made there has to be a HL @ (42.928) or price could simply just break structure completely and market starts to short grabbing liquidity @ 41.923 before going long again? 🤔
20.10.24The bulls had once more ouut weighted the bears with both markets creating new all time highs and now are both at the same time both officially closed out of Septembers high.
For once it is set to be a quiet week on the economic calendar for US but there are reports due on both existing and new home sales, also reports durable goods orders, consumer sentiment and initial jobless claims.
Tesla will be the first of the Magnificent Seven tech companies to report as corporate earnings and also semicondutor earnings.
US30: After price pushed passed 42654.0 the previous week, price retraced back into weekly range past some sell side liquidity the pushed past highs at 43191.21 to create new all time highs. I will like to see price begin to trade past 43338.89 but I would like to see how price reacts mid week and if price will begin to lose strength.
GER40: After the previous week being bullish, price continuied to push higher passed old high 19500.4 and passed previous months highs. I will like to see price push past 19679.3, but also I will like to see if price loses strength mid week also
