US30 Long Idea Expected HL is formed on us30
Bullish hammer formed at 4hr TF the Golden zone of Fib level
Bullish Divergence at 1hr TF
buy at Current Market price 43610
SL at 43290
TP 1 44255
TP 2 45065
DJI trade ideas
US30: Bearish Momentum with CPI-Driven VolatilityTechnical Analysis
The price dropped about more than 500 points as we mentioned previously, and is still under bearish momentum because already broken the bearish correction which is 44410.
So as long as trade is below 44270 and 44410 it will drop to touch 43900, on the other hand, we have a CPI effect Today that will be expected with more than the previous result, in this case, will support the bearish movement for indices, especially realizing more than 2.7%.
due to the high volatility, we have a bullish correction till 44300 or 44410.
Key Levels:
Pivot Point: 44270
Resistance Levels: 44410, 44590, 44750
Support Levels: 43900, 43760, 43490
Trend Outlook:
Bearish Momentum
previous idea:
US30 Will Go Lower! Sell!
Here is our detailed technical review for US30.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 43,616.98.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 43,408.72 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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Long Biased Market -> Wait for CorrectionPrice is moving towards a weak low. This should be ignored and we should wait until we reach the stronger level of demand formed via double bottom + absorption pattern.
Bullish Order Flow, but we need to wait until we reach a fair value to enter this market.
US30 Maybe Rallying for a reversal to begin a Bullish TrendUS30 rejected the 43300 support and is now above the weaker support of 43500.
For potential longs, look for price to retest the upper support of 43500 for a buy opportunity or for price to indicate a buy but to wick out on the trend line only to fall again.
For shorts look for price to fall bellow the current support line and retest it or for price to retest the upper area of the trend line.
Make sure to send me any comments or questions>
Dow Jones Long & ShortDow Jones
MTF Analysis
Dow JonesYearly Demand 37779
Dow Jones 6 Month Demand 40077
Dow JonesQtrly Demand BUFL 40077
Dow JonesMonthly Demand 43325
Dow JonesWeekly Demand 42491
Dow JonesDaily Demand DMIP 43381
ENTRY -1 Long 43381
SL 42938
RISK 443
Target as per Entry 44800
Target Points 1,419
If Price Reverse from current level then 44800 Is the First Target
Expecting Correction at 44800
ENTRY -2 Short 44800
SL 45073
RISK 273
Target as per Entry 42500
Target Points 2,300
US30 Possible Bullish ideaUS30 has been on a straight sell for the past 9days and finally is approaching a strong area of Resistance turned support and an ascending trendline on the higher TF. Seeing it has two ascending trendlines we will objectively look at it. If market respects the ascending trendline and the area of support turned resistance, we will execute a buy but if it breaks that level, we will continue a sell to the second trendline and area of resistance turned support.
Remember, objectivity is the rule of the game. The market lads, we follow.
US30 Completed a Stop Loss Hunt twice overnight to fall againUS30 completed two market sweeps to gain liquidity which is a good indication that price is most likely closer to its reversal point.
Market makers swept stop losses and buy stop orders at 43700 and 43800 last night only to push price lower. As I mentioned over the last week. Price is likely to go all the way to 43300 at which it will likely begin to reverse.
Before it reverses, expect there to be a time of consolidation. Wait for the breakout and retest before deciding to take along trade.
While in consolidation look for the range low and range high to set your intraday trades for smaller profits.
US30 /Bearish Momentum and Key Levels Ahead of FED Rate DecisionTechnical Analysis
The price has dropped about 700 points, as we mentioned previously, and remains under bearish momentum after breaking the bearish correction and trading below 43760.
As long as the price trades below 43760 and 43900, it is likely to drop further to touch 43350. However, it is also possible for the price to retest 43760 before continuing to drop.
On the other hand, the FED Rate Decision tomorrow will impact the indices. A rate decrease of 25 bps is expected, which could influence the bullish momentum depending on the market's reaction to the rate change.
Key Levels:
Pivot Point: 43580
Resistance Levels: 43765, 43900, 44070
Support Levels: 43350, 43210, 42900
Trend Outlook:
Bearish Momentum
Previous idea:
US30After a long downward and stepwise movement, I am now waiting for a stronger movement to return the price to higher levels
Bullish Potential for DJIA Towards 45,700 Amid Support BreakdownKey Observations
Fibonacci Extension:
• Fibonacci Extension is used to calculate potential price targets after a pullback.
• Fibonacci Extension Levels:
o 0%: 43,507.08 (beginning of the rise).
o 100%: 45,762.55 (full price target).
o The 45,762.55 level, as the 100% Fibonacci Extension target, serves as a potential take profit area if the price successfully rebounds from support and breaks through previous resistance.
Support and Resistance:
Main Support:
• 43,507.08: Key support near the trendline.
• 43,329.65: First horizontal support level.
• 42,738.60: Second support if breakdown occurs.
• 41,697.23: Last support that maintains the long-term bullish trend.
Main Resistance:
• 44,040.00: Initial resistance area.
• 44,369.69: Second resistance level.
• 44,902.61: Strong resistance (Fibonacci Extension 61.8%).
• 45,762.55: Fibonacci Extension 100% as the main target.
________________________________________
Potential Scenarios
Bullish Scenario:
• If the price rebounds from the support area between 43,507.08 and 43,329.65, there is potential for a move towards 44,369.69 and 44,902.61.
• A breakout above 44,902.61 will push the price towards 45,762.55 (100% Fibonacci Extension target).
Bearish Scenario:
• If the price falls below 43,329.65, the next critical support areas will be 42,738.60 and 41,697.23.
SMA 50:
• The 50-period Simple Moving Average (SMA) at 43,509.70 still serves as dynamic support near the current price.
________________________________________
Conclusion
• The 100% Fibonacci Extension at 45,762.55 is the main bullish target if the price can rebound from support at 43,507.08 and break through the resistance at 44,902.61.
• The support area between 43,507.08 and 43,329.65 remains a crucial level to maintain the bullish momentum.
________________________________________
Bullish Strategy
Entry:
• Buy in the support area between 43,507.08 and 43,329.65.
Target:
• Target 1: 44,369.69
• Target 2: 44,902.61
• Target 3: 45,700 (Fibonacci 100%).
Stop Loss:
• Below 42,738.60 to limit risk.
________________________________________
Bearish Strategy (If Breakdown Support)
Trigger Entry:
• If the price drops below 43,329.65 (horizontal support) and fails to rebound.
Target Profit:
• Target 1: 42,738.60 (next support).
• Target 2: 41,697.23 (strong last support).
Stop Loss:
• Place the stop loss above 43,507.08, the former support now turned resistance after the breakdown.
• This ensures that risk is controlled if the breakdown fails and the price reverses.
________________________________________
Important Notes
• Risk-Reward Ratio: Ensure a minimum risk-reward ratio of 1:2 to maintain a profitable long-term strategy.
• Confirmation: Look for a bearish candlestick pattern or high volume during the breakdown to validate the signal.
US30 - Once A Castle, Always A Castle!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈US30 has been bullish , trading within the rising channel in blue.
After rejecting the $45,000, has been in a correction phase and approaching the lower bound of the channel.
Moreover, the zone marked in green is a strong structure.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the structure and lower trendline acting as non-horizontal support.
📚 As per my trading style:
As #US30 approaches the blue circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
US30 Eyes Key Support at 43,095Hello,
BLACKBULL:US30 has experienced a decline as expected and is approaching a significant 1M support level at 43,095.7095. A confirmed break and close below this level could signal further downside potential.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
Bearish something We are bearish, we identify a unicorn
We factor in time, meaning we look for the most probable time so we can look to find any bearish entry drill to trade bearish
US30 indicating a bullish move. Look for the Bulls TodayUS30 has finally broken the downward trend above the 43500 support line. The US30 gave us an evening star pattern off of the trend line and support area at 43500. This was an indication to go Long.
If you are in a short, you will likely have to wait for a pull back to get out of your trade or you can close in a small loss.
If you are in a long. Hold it. This may be US30 returning back to 44500 at least.
Good Luck to you traders.
Comment below for questions and don't forget to boost this if you like the analysis.
US30 Short Idea based on monthly-minute breakdownAfter thorough breakdown i see US30 diverging in the weekly & hourly TF, after that I measured the daily-weekly moving average and concluded that it has finished the average pip movement before usual daily retracements. So after deciding it will be bearish I’m looking for a bullish retracement in the 1min-15 min TF to the 45100 area where I’ll be looking to place my SELLS. TP targets have been set from TP1-TP6 (Make sure to set to break even after TP1 hits if deciding to swing trade). Bulls usually control December so I did mark up the possible bullish scenarios from the 1st 4 TPs. Let’s see if US30 can FEED US !!
US30 painting a beautiful downtrendUS30 Technical Analysis Report
December 16, 2024
Current Market Overview
The US30 (Dow Jones Industrial Average) is currently displaying a significant bearish bias, with multiple timeframe analysis supporting a continuation of the downward momentum. Current price: 43,886
Technical Analysis by Timeframe
Daily Timeframe (HTF)
Confirmed bearish market structure break at 44,392 (December 10, 2024)
Overall Higher Timeframe trend remains bearish
This break serves as a key reference point for the current bearish momentum
4-Hour Timeframe (H4)
Clear downtrend pattern formation
Current price action showing retracement to sweep buy/sell liquidity zones
Price action respecting the downward trendline range
Suggested entry level identified at 43,809
1-Hour Timeframe (H1)
Key resistance level identified at 44,058
Potential for temporary trend interruption if this level is breached
Currently operating within Asian session range boundaries
Key Trading Levels
Entry Target: 43,809
Take Profit 1 (TP1): 43,345
Extended Target (TP2): 42,890 (conditional on market alignment)
Key Resistance: 44,058
Previous Structure Break: 44,392
Volume Analysis
Current phase: Asian session (characterized by lower volume)
Critical observation period: New York session open
Anticipating increased volume and potential trend confirmation during NY hours
Risk Management Considerations
Primary trend remains bearish
Watch for potential temporary reversals at 44,058
Monitor NY session volume for trade confirmation
Consider partial position closure at TP1 (43,345)
Trading Session Context
Currently in Asian trading hours
Key decision point expected at NY session open
Volume expected to increase significantly during NY hours, providing better trade execution opportunities
Trade Strategy Summary
The overall strategy aligns with the bearish bias across multiple timeframes. Entry opportunities are being monitored at 43,809, with a structured approach to take profit levels. The New York session will be crucial for volume confirmation of the anticipated moves.
Note: This analysis is provided for educational purposes only and does not constitute financial advice. All traders should conduct their own research and risk assessment before entering any positions.
DOW Jones Industrial to bounce $44K targetMy trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
So...
Here's why I'm picking this symbol to do the thing.
Price at bottom of channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at oversold level
VBSM is negative
Price bounced off 0.5 Fibonacci level
In at $43500
Target is $4400 or channel top
Stop loss is $43400
Do you think we might see a price correction for the US30?
Hi dears
I have set two target areas that I think are likely to be reached and touched.
What do you think? Do you think we predicted correctly?
US30 Intra-Week Analysis DEC 17th 2024US30 continued to make its way down to the 43400 Key Level after retracing from the new All-Time-High and supporting the FUD from an increase in interested rates. From this price point we can expect a decrease in volume resulting in consolidation as we approach Christmas and the new year. If we see a break above 43800 that will help support potential buys back to ATHs otherwise look out for a break below 43250 meaning selling momentum is still there.
The Mystery Of The Dow Index..Here is an interesting trend trade swing opportunity. I already have my index quota filled although as US index long is not the worst of ideas. The trend trade in question is the Dow Jones (US30) which is technically setting up and awaiting a daily buy signal/bar.
Here is the interesting aspect. Why on earth is the DJI dropping for over a week back to averages while the SPY/SPX remains near ATHs? This divergence is creating the DJI trend trade but the fundamentals behind it need to be understood.
Both indices should be behaving similarly as they have for quite a while now but the recent divergence has to be due to a combination of risk factors which are just now aligning that way. Sector composition is different, right? S&P is heavy tech and growth while DJI is traditional large caps. But they should react the same way to the sentiment environment and FED cut expectations so what gives?
Maybe it is just tech. Tech is booming again with AI so it stands to reason that the S&P would hold an edge. Still, the environment is the same for traditional stocks and even if there should be a difference in gains, there surely shouldn't be a 100% divergence?
Maybe it is investor sentiment? Markets are all in on AI while traditional stocks are seeing pre holiday profit taking? Could be. Is the December H2 Santa rally around the corner and the DJI dip buy is in play? That's a lot of speculation for such a divergence.
Then we come to macro and this is where I think things begin to look different. Inflation has been coming in hot. But so has some other macro, macro that favours growth - and the FED cuts do to - so the S&P strength is probably warranted. The DJI is not so much about growth and probably more sensitive to inflationary pressures. I think that the inflation prints coming in hot may have been brushed off by the S&P and broader market, including the FED... but not by interest rate sensitive sectors of the DJI.
4-hr US30: Can We See a 2000 points Christmas Rally Following the US elections, the Dow Jones surged by an impressive 3300 points in a massive bull rally, generating significant returns. However, a correction is underway as early buyers begin to take profits. We anticipate the US30 could dip another 250 points to retest the critical 50% Fibonacci level. This expectation is supported by the emergence of a Death Cross, a classic bearish signal, indicating strong downward momentum.
If the 43,300 zone holds as support, there’s potential for a 2000-point Christmas rally. Buyers looking to capitalize on the broader uptrend might need to exercise patience, waiting for lower entry points to achieve a more favorable risk-to-reward ratio. This pullback could present an opportunity for strategic positioning in anticipation of the next rally.
