Bullish momentum to extend?Dow Jones (US30) has bounced off the pivot which is an overlap support and could bounce to the 1st resistance that aligns with the 145% Fibonacci extension.
Pivot: 40,653.80
1st Support: 39,774.46
1st Resistance: 42,181.26
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
US30 trade ideas
Bullish continuation?Dow Jones (US30) has bounced off the pivot and could rise to the 1st resistance which lines up with the 145% Fibonacci extension.
Pivot: 40,653.80
1st Support: 39,774.46
1st Resistance: 42,181.26
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
US30 Sell Setup before the BIG MOVE TO THE MOON" US30 has been moonwalking higher like it’s got a VIP pass—thanks to those cozy deals between the US and EU. The bulls are charging like they’ve had one too many energy drinks, and honestly, it’s getting a little too enthusiastic up here.
So, I’m eyeing a sneaky short sale for a quick snack of profit before the long-term feast. But I won’t just dive in like a reckless lemming—oh no, I’ll wait for my trusty confirmations to wave their little green (or red?) flags first.
As for the long game? Once my short-sell shenanigans hit those sweet support levels (and hopefully bounce like a trampoline), I’ll switch teams and ride the buy train. Because why pick a side when you can profit from both?"
Hope that brings a smile while keeping your trading strategy sharp! 😆📈
DOW JONES Can this Channel Up hold after the Fed Rate Decision?Dow Jones (DJIA) has been trading within a Channel Up since the April 24 Low and yesterday's correction (technically its Bearish Leg) stopped on the 4H MA50 (blue trend-line). Having formed already a Golden Cross, as long as this 4H MA50 holds, it should technically fuel the pattern's new Bullish Leg.
The 'weakest' Bullish Leg within this Channel Up has been +3.58%, so we expect a minimum repeat of that, giving a Target at 42100 on the short-term. This falls perfectly at the bottom of the 5 week Resistance Zone.
If this Channel Up doesn't get invalidated after today's Fed Rate Decision, it will most likely push the price there.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Potential bearish drop?Dow Jones (US30) is reacting off the pivot and could drop to the 1st support that aligns with the 61.8% Fibonacci retracement.
Pivot: 42,479.50
1st Support: 41,294.20
1st Resistance: 43,190.10
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Is everyone missing the leading diagonal Ive seen conflicting Elliot Wave Counts with both Bullish counts suggesting a new ATH is at hand as the decline is only a 3 wave decline and not five and bearish counts suggesting this is only a bear market rally since the Trump Tariff Tantrums.
However if we look at the decline as either a leading diagonal in a primary 4th Wave of an overall bull market or a leading diagonal which often occurs in reversal of trend from Bull to bear or vice versa.
What is not commonly recognized is that the C wave in these structures is often pronounced and extended.
If this count is correct the Dow has about 1000 points of upside before a very sharp decline in an E wave that will probably throw-over the lower trendline and find support in the 35000 area for a significant Wave 2 or B wave rally.
The typical characteristics of the e wave are sharp and deep.
DOW JONES: This is why it targets 70,000Dow Jones is marginally bullish on its 1D technical outlook (RSI = 57.838, MACD = 20.320, ADX = 34.615) as the recovery since last month's low is taking a pause ahead of the Fed on Wednesday. Last month's candle closed with an incredible reversal and all this is just noise for long term investors who look at this very chart you have in front of you. The index is basically on the usual -20% correction it undergoes when it is in the middle of a multidecade Bull Cycle. If this is indeed what many call the A.I. Cycle, Dow has a minimum target of 70,000 expected somewhere in 2032.
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
Hanzo : US30 15m : Breakouts Zones / Next Move is Confirmed 🆚 US30 – Hanzo’s Strike Setup
🔥 Timeframe: 15-Minute (15M)
——————
💯 Main Focus: Bullish After Break at 41150
We are watching this zone closely.
💯 Main Focus: Bearish After Break at 40950
We are watching this zone closely.
———
👌 Market Signs (15M TF):
• Liquidity Grab + CHoCH at 41300
• Liquidity Grab + CHoCH at 40990
• Strong Rejections seen at:
➗ 40950 – Major support / Key level x3 Retest
➗ 40690 – Major support / Key level x5 Retest
➗ 41150 – Proven resistance
Hanzo : NAS100 15m: Best Breakout Zones Confirmed After Liquidity Trap
DOW JONES: Breached the 1D MA200. Tariff War 2018 Recovery aheadDow Jones is on excellent bullish levels on its 1D technical outlook (RSI = 62.103, MACD = 203.720, ADX = 34.693) and as it crossed today above the 1D MA200 for the first time since April 2nd, and practically validates the recovery from the Tariff War correction, it draws strong comparisons with the last U.S.-China Tariff War in 2018. Both rebounded after highly oversold 1D RSI levels, and the 2019 recovery almost hit the 0.9 Fibonacci level before turning into a less aggressive recovery. The trade is long, TP = 44,100.
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
US30 - At Resistance? Holds or not??#US30 #DOWJONES - market just reached near to his current resistance region.
And if market hold it in that case we can expect a drop from here.
So don't be lazy here and only short below that.
Note: we will go for cut n reverse above region on confirmation.
Good luck
Trade wisely
Wedge at the Edge – Will the Dow Drop from Here?Price is approaching a key supply zone between 41,800 and 42,400, where previous strong selling occurred. A rising wedge pattern is forming, suggesting a potential bearish reversal. If price fails to break above the supply zone and closes below the wedge, a breakdown could lead to a bearish move targeting the demand zone around 39,000–39,300.
Bearish Bias: Watching for rejection and breakdown confirmation for a short setup.
Key Levels:
Supply zone: 41,800 – 42,400
Demand zone: 39,000 – 39,300
Support to watch: 40,600
DOW/US30 - we hope everyone make million last nightTeam, yesterday was a big win for all of us, twice the DOW/NAS massive win
today, the market will likely pull back toward the price set in the chart
make sure you have tight stop-loss
also, once it drops more than 50 points, bring stop loss to BE
we are looking at around 40930-40850
The interest rate decision within 12 hours time frame,
we expect the market will be volatile if it dumps toward our LONG entry position, which I set out in the chart.
Follow that, and you will kill the market with me
UNTIL then, I wish you all the best
Correction and a push up US30 has been gradually climbing but this growth may have to correct a bit before continuing up. After reaching the 41,800 gap, the indice rose a bit, but may have ran out of steam to further go up. The nearest support will be the likely area where the indice may find buying pressure, if price action remains above the support barriers.
Trade Idea: US30 Short ( SELL STOP )Technical Analysis Overview:
1. Daily Chart:
• Price has retraced sharply into resistance (near 41,300–41,400), rejecting the 200-day EMA zone.
• MACD still negative but turning up—suggests potential for a failed bounce.
• RSI at 55.33—approaching overbought in a corrective move, ripe for reversal.
2. 15-Min Chart:
• Bearish divergence forming on RSI with lower highs.
• MACD is turning down with momentum fading after a recent high around 41,665.
• Price has broken short-term moving average support, with momentum shifting down.
3. 3-Min Chart:
• Clear bearish structure with lower highs and lower lows.
• MACD and RSI confirm short-term weakness.
• Price hovering near local support (around 41,302), if broken, would confirm further downside.
⸻
Fundamental Context (Macro):
• FOMC & NFP results (recent) suggest continued uncertainty in interest rate direction.
• US manufacturing and employment data have shown mixed signals—equities vulnerable to downside corrections amid macro volatility.
• Seasonally, May is often a pullback month (“Sell in May”).
⸻
TRADE IDEA – SHORT US30
• Entry: 41,295 (current price at resistance zone)
• Stop-Loss (SL): 41,670 (above recent intraday high and 15-min resistance)
• Take-Profit (TP): 40,500 (prior support zone on 15-min chart)
FUSIONMARKETS:US30
US30 Approaching Key Resistance Within Rising Channel:🧠 Chart Context & Overview
Chart Type: Candlestick
Time Frame: Appears to be Daily (based on price action and spacing of dates)
Current Price: ~$40,798.4
Indicators:
EMA 50 (Red): ~40,065.2
EMA 200 (Blue): ~41,475.6
Trend Structure: Ascending channel with higher highs and higher lows forming since early April.
🔍 Technical Breakdown
📈 Trend Analysis
The price is moving within a rising parallel channel, respecting both upper and lower boundaries.
The recent bullish candles indicate momentum building towards a breakout or test of resistance.
🔄 EMA Confluence
Price is above the 50 EMA, showing short-term bullish momentum.
EMA 200 is acting as overhead resistance (~41,475), aligned with the top of the channel—a key decision zone.
📊 Support & Resistance Levels
Immediate Resistance: ~41,475 (EMA 200 & upper channel boundary).
Support Levels:
~40,065 (EMA 50)
~39,000 (mid-channel support zone)
~38,000 (lower channel boundary)
📌 Scenarios to Watch
✅ Bullish Case:
A clean breakout above the channel and the 200 EMA (~41,475) with strong volume could trigger a trend continuation toward:
42,500 – next psychological and historical resistance
Potentially higher if macro sentiment aligns
⚠️ Bearish Case:
Rejection at 200 EMA or the upper channel could lead to:
A pullback to the mid-channel zone (~39,800–40,000)
Further downside to retest the lower channel support (~38,000)
📅 Outlook
The chart currently supports a bullish bias within an uptrend structure, but the key resistance zone (41,475) must be broken decisively for confirmation. Watch for volume and candle structure near that level to assess breakout validity.