DOWUSD trade ideas
Dow Jones: Potential Retracement After ConsolidatThe Dow Jones Industrial Average (US30) is showing signs of exhaustion after several days of consolidation between the 41,800 and 42,300 price levels. We are now observing a potential bearish setup that may lead to a retracement towards the 41,400–41,000 zone, aligning with the 0.5 Fibonacci level on the FibCloud indicator. If this scenario plays out, it could offer a solid short opportunity for traders looking to capitalize on this potential pullback. Monitoring key levels and price action will be crucial in managing this trade.
Technical Analysis:
• Price Action: The Dow has been trading within a narrow range, indicating indecision and a potential loss of bullish momentum. A break below the consolidation zone could trigger a downward move towards the 0.5 FibCloud level.
• FibCloud Indicator: The target zone between 41,400 and 41,000 aligns with the 0.5 Fibonacci retracement level, providing a strong confluence for a possible retracement.
• Support & Resistance Levels: The immediate support is at 41,800, and a break below this level could see the index testing the 41,400–41,000 zone. Resistance remains at 42,300, a break above which could invalidate the bearish setup.
• Volume & Momentum: Decreasing volume and fading bullish momentum suggest a potential reversal. Traders should watch for confirmation signals such as bearish candlestick patterns or a momentum shift.
Trade Setup:
• Entry: Consider entering a short position below the 42,260 support level with a strong bearish confirmation.
• The stop-loss is set at a 2:1 risk-reward ratio, with an SL at 42,695 and a TP at 41,400. If strong momentum develops, the target will be extended to the 41,000 price zone.
The Dow Jones is at a critical juncture, and the upcoming price action will provide more clarity on the next directional move. This setup offers a favorable risk-to-reward ratio for traders looking to position themselves for a potential retracement. Stay updated on economic releases and price action developments to manage this trade effectively.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
US30 Is Very Bearish! Sell!
Here is our detailed technical review for US30.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 42,103.5.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 41,765.3 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
US30 TO NEW ATH OF $43,050 (UPDATE)I am now closing out my long term investment on US30! I have banked 8,800 PIPS profit (26.40% ROI pre leverage) on this investment. We have now reached Wave 5 target, meaning sooner or later the market should reverse.
Congratulations to everyone who got into this investment from my free analysis & was patient enough to hold onto this for the past year! Close out your position now & enjoy the profits!
DOW/US30 what do we expect when market openTeam, if you check out the US/DOW earlier. it took me 5 hours waiting, and if you look at it, it hit the target all the way as I have set up.
So I am prepare another trade today, and we will wait until the price is set.
Will confirm later on.
DOW - been waiting for the last 5 hoursTeam, last night we had two good runs on DOW and NAS long.
But today, we are waiting for the DOW to form our trade, I will send it out later to keep you updated
on pricing entry, stop loss and target.
Please keep an eye on this.
US30 Pull back shortPrice action has been respecting a key 4-hour trendline. The market recently bounced off this trendline for the third time, reinforcing the significance of this support level. Notably, the price broke through a previous resistance level, but we’ve now seen a Change of Character, signalling a potential bearish shift in momentum.
Given this bearish structure, I anticipate a pullback to retest the recently broken resistance, which should now act as support. This aligns with a potential retracement to the 50% Fibonacci level and a retest of the bottom trendline, both of which present strong confluence zones for a bullish continuation.
For now, the focus is on entering a short-term sell position to capitalize on this expected pullback. In the lower time frames, we’re looking for confirmation to sell the pullback, ideally to a point where price shows signs of rejection at the 50% Fibonacci level or begins to align with the trendline once again.
Dow Jones industrial average index Dow looks as sandwiched between necklines and first support which is now working as resistance if it hold s1 will start to go upside for targets mentioned
DOWN, shall we wait?we could wait for the candle to touch the FVG or above the resistance line and enter.
or we could go for now
would take profit at 42065
Target 42125
Target 42175
and last at 42217
DreamAnalysis | US30 On the Edge Don’t Miss These Key Levels!✨ Today’s Focus: A Critical Asset in the Market – US30 (Dow Jones)
We’re diving into its recent price action and breaking down what might come next, based on key market levels.
📊 Current Market Overview:
After a strong expansion upward, marking the Previous Month High (PMH), US30 is now gradually retracing lower. The price has formed Equal Highs (EQH) on the buy side and sits near the Previous Week Low (PWL) on the sell side. Let’s explore how these levels shape both bullish and bearish scenarios.
🕓 Key Levels to Watch:
Here are the crucial zones we’re monitoring:
- PMH: Previous Month High
- PML: Previous Month Low
- PWH: Previous Week High
- PWL: Previous Week Low
- BSL: Buy-Side Liquidity
- SSL: Sell-Side Liquidity
- Daily FVG: Daily Fair Value Gap (imbalance zone)
These levels represent key areas where price might accumulate liquidity or retrace for order collection. Fair Value Gaps (FVGs) are potential zones for the market to rebalance before continuing its trend.
📈 Bullish Scenario:
To confirm a bullish bias and seek long positions, we need to see Sell-Side Liquidity cleared. The nearest target is the Previous Week Low (PWL), a critical SSL level. Once price dips below it, we can look for entries on lower timeframes (LTF) and target the Buy-Side Liquidity (BSL).
📉 Bearish Scenario:
For a bearish play, we’re watching the Equal Highs (EQH) on the buy side. If the price takes these out, we’ll look for lower-timeframe entry models and aim to target Sell-Side Liquidity (SSL).
📝 Conclusion:
As always, adaptability is key. Keep an eye on these critical levels to refine your strategy and identify potential opportunities.
🔮 Looking Ahead:
Stay tuned for updates as we track NASDAQ, DXY, EUR/USD, and other major currency pairs. Expect timely insights as market trends develop.
⚠️ Disclaimer:
This is for educational purposes only and not financial advice. Always conduct your own research and consult a licensed financial advisor before making investment decisions.
SMT with SPX and NasSame idea here as far as targeting previous weeks high difference here is Nas and spx manipulated previous weeks low= Bullish Divergence in my opinion. Targeting 50% of range initially then ultimately the highs
Downtrend It is expected that a trend change will be formed in the current resistance range and we will witness the beginning of the downward trend. A downtrend confirmation will be issued when the support zone is broken
US30 Short SignalUS30 H1
Like absolute poetry here from the dow jones, responding nicely to that level of resistance which sits t 42,300 price. The hourly timeframe has been amended in line with yesterdays video analysis which was posted around the US stock market close.
Expecting more of the same today, US30 may correct around the time of the stock market open, but we are ultimately, expecting more downside pressure over the coming days to close out this trading week.
US30 BULLISH BIAS- 1 hour support hit
-Were currently oversold and have a FVG at 42200 to revist
-Previous high at 42260 was broken 4 hours ago and created a new high, so im expecting a potential lower high to be created (assuming we just created or new lower low)
US30: Will Bears finally be able to take over? BLACKBULL:US30
Bullish impulse has continued to dominated the market with US30 touching all time high in today, showing some rejections on last three daily candles. However, what we anticipate is the $43200 region which remain a psychological level and there is massive selling opportunity coming up. Please do your own research before taking any entries.
I really want this to be effectiveAm bullish , patience is a key to everything ... wait for the right time to react ....
US30 POTENTIAL BUYTrade Idea: US30 Buy on 15-Minute Chart
Trade Setup: Entry Price: 42190 (buy stop)
Stop Loss: 42120 (75 pips below entry)
First Target: 42215
Second Target: 42240
Bullish Pressure: Recent price action shows increasing bullish momentum, confirmed by rising volume and positive indicators on the 15-minute chart. Market Sentiment: The overall market sentiment is supportive of a bullish trend.
Technical Levels: The price is approaching significant resistance at 42215 and 42240, with potential for a breakout given the current bullish momentum.
Execution Plan: Enter long at 42190. Set stop loss around 42120. Monitor price action closely and adjust stop loss to break even once the first target is hit.
This trade leverages bullish sentiment and technical analysis, aiming for a continued upward movement beyond 42240.
Dropping the Dow Jones from now as well as longer form videos I will be dropping the Dow Jones from today (reasoning provided).
This is a video to say I apologize for the longform videos as I forget that we live in a instant gratification society sometimes and will be tailoring my videos to be under 3 minutes here forth
US30 Is Bearish! Sell!
Please, check our technical outlook for US30.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 42,202.3.
Taking into consideration the structure & trend analysis, I believe that the market will reach 41,924.3 level soon.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
NEW IDEA FOR DOWThe Dow Jones index, after correcting the price to the range of 41588, can rise to the resistance of the channel ceiling in the range of 43703.
US30 / LOOKS DOWN Technical Outlook:
The price has reached our previous target of 20,080 before reversing.
As long as it remains below 42,290, further declines toward 42,080 are anticipated, potentially dropping to 41,770 if 42,080 is breached.
To shift to a bullish trend, the price must stabilize above 42,450.
Key Levels:
Pivot Point: 42290
Resistance Levels: 42450, 42700, 43040
Support Levels: 42080, 41960, 41770
Trend Outlook:
Bearish as long as trades under 42290
DOW JONES Pull-back possible but maintain long-term perspectiveA little more than 2 months ago (July 25, see chart below) we argued that Dow Jones' (DJI) correction wasn't over and called for a deeper buy, setting then a long-term Target of 42400:
The Target got finally hit on Friday, giving us an excellent risk/ reward ratio on our investment. As however the price almost reached the top of the 2-year Channel Up, we have to issue a warning for a potential short-term correction.
The 1D MA50 (blue trend-line) has successfully supported on September 11 last time and won't be odd to see another re-test after almost a month. The similarities after all between the first part of the 2-year Channel Up and the second (the one we're currently in) are still noticeable and on 1D RSI terms we may be symmetrically around the November 20 2023 level.
However, we may see this time the Channel Up break to the upside for the first time after the elections. Regardless of the short-term volatility, our medium-term Target as we will be heading into December is 44500. That is the 2.5 Fibonacci extension, similar to where the April 01 High was priced.
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