Uptrend Considering that the index has crossed the resistance range, it is expected that the continuation of the upward trend will take place and go up to the specified Fibonacci levels.
DOWUSD trade ideas
US30 longHere is why;
Weekly
Price broke beneath 40,000 resistance level and price has not retested that level.
We see that there is a lot of bullish momentum that has been picked up from 38,500 due to last week's candlestick closure
Everything is pointing towards price going to test 40,000
Daily
We see that price too a lot of buy orders from 38,500.
Price broke and retested 39,300 region three times before finally heading northwards
The next target is 40,000
4 hour
Price today has closed above 39,720 and I expect for price to test the region before heading upwards.
However, for now it is not clear what price will do, so it is best I just sit on my hands.
DJIA – Multi year market top in now? Go short? Optimism is at ATH
Nasdaq is lead by 7 or so main stocks
There has not been a major bear since 2007/8 and even then the market pulled back to historic overvaluation if you look at total data in the past 100 years
Mutual fund mngrs cash reserve was at 2% historically low value suggesting a market top
The upper trend line CAGL – capping ascending grind line was tested and reversed, indicating market prices short term unsustainable at those levels.
Prices may go and retest the upper channel line however they could just sell off from now, if we get a retouch then what a beautiful shorting opportunity
Market crashes happen often in September up to late October which we are approaching
Now is time to be aggressively short or to ease off to safety if you are bullish.
Option for much lower prices ?
2026 is the local top according to Benners cycle theory etc
made in America big banks work on the same information you and I have if they believe and are certain there is a recession they wouldn't tell you, yes there is geo-political turmoil in the Middle East, and recently the breach of Russian territory by Ukrainian forces will make the bear angry n start flattening land as it did in Syrian n Us is obliged to help Ukraine (why: cuz they gave up their nukes to the Us for protection, not a conspiracy) so more government contracts more orders, PMI is down but excepted to go up upcoming quarters
this is not a full analysis just a general idea so do ur macro analysis crunch the numbers n good day
US 30 - Ranges overview (update)Let's see have a look at how US 30 is currently trading...
We have taken the buyside liquidity of the weekly open range (black line) and we are currently trading back towards the HTF buyside (sitting around 40000)
We've reclaimed the weekly open highs and we are currently creating new highs
IF we fail to hold these highs expect us to aggressively retrace towards Monday's sellside.
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.
Dow Jones Priced In GoldDow jones Industrial Average Priced In Gold.
Only the 4th time this has happened in over 100 years.
Only the 3rd time since gold was unpegged back in 1971.
US stocks are very close to properly imploding priced in gold.
#gold #dowjones #stocks #silver
Not a Financial Advice Since it's on equilibrium, I'll wait for it to sweep the liquidity as it goes to our POI..
US30 wallstreet forecastUS30 wallstreet bullish pattern confirmed
a touch on our psychological buy zone still there + we broke out of our previous supplying market still respecting supportive prices and a double bottom pattern
waiting for opening of London time
DOW JONES New Bullish Leg to beginLast week (August 07, see chart below) we made a long-term case of why Dow Jones (DJI) is poised to technically start a new aggressive rally 'right under our nose' and before that (July 25, see chart below), why at the time the correction wasn't over:
As you can see, the index found support on our low tier near the 1D MA200 (orange trend-line) and as the April 19 Low, it touched the 0.5 Fibonacci retracement level of the 2-year Channel Up (chart 2 above).
Back to today's analysis, the price has already rebounded at the bottom of April's Channel Up and has found its first Resistance on the 1D MA50 (blue trend-line). The final confirmation of this Bullish Leg will be when the 1D MACD forms a Bullish Cross as it did on June 18 and April 25.
Since the Bearish Legs of this Channel Up have been almost the same percentage wise (-6.84%) we expect the Bullish Legs to be too. With the first Bullish Leg being at +11.13%, our medium-term Target is 42400 (just below a potential +11.13% rise).
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DOW JONES HAVE DONE THIS BEFORE, are we going into a ressesion? Im bullish short term, as i published in another photo, but xooming out there is so many similarities from DOW JONES's structure before the Great ressesion in the 90s.
If we are on the brink of a ressesion this could usually happen when fomo kicks in after rent cuts.
I will follow the dow jones closely! we are reaching scary territories.
I we were to do the same as under the great depression, Dow jones would fall from todays price, 39 500$ to under 7000$
In other word dow jones will in this case scenario fall faaaar more than 50%.
Dow jones finishing its 5th wave? This does not look good for the stock market, can this be the last push before a ressesion?
Makes sense to me
Market Awaits PPI Insights as Futures Trade MixedFutures Mixed as PPI Data to Kick Off a Crucial Economic Week
U.S. stock index futures showed mixed performance on Tuesday as investors awaited the producer prices index (PPI) data, which is expected to provide insights into the Federal Reserve's future interest-rate decisions. Meanwhile, Home Depot shares declined following a downward revision of its full-year profit forecast.
Current Outlook:
As long as the price remains above 39,250 and 39,130, the trend suggests an upward movement.
Bullish Scenario:
Stability above 39,250 could signal a bullish trend, with potential targets at 39,560 and 39,820.
Bearish Scenario:
The bearish outlook will be confirmed if the price stabilizes below 39,130, particularly if a 4-hour candle closes under this level, indicating a potential move toward 38,770 and 38,500.
Key Levels:
- Pivot Line: 39,350
- Resistance Levels: 39350, 39550, 39930
- Support Levels: 39250, 39130, 38780
Today's Expected Trading Range:
The price is expected to fluctuate between support at 39,130 and resistance at 39,570.
Dow Jones likely to face strong sell?Hi Guys,
The US 30 , Dow Jones is currently looking like its trying to build some upward momentum to head towards the resistance zones marked on the chart ( blue boxes) . The 50MA is acting as resistance so far and not allowing the Dow to clear the range that has been building over the last wo days. Should we clear the range there are two important zones where we may see selling pressure.
Looking left the first blue box is an important level as it has been used as resistance twice and recently the last support that was broken so because of that the previous support may become resistance and an area where sell setups are likely. It is also the 50% retracement of hi to low and has the 20dma and the AVWAP from the all time high in that zone which will provide resistance. Also to the left on the chart is a faint harmonic pattern which I mentioned in a previous article for a buy setup. The first take profit level of that pattern (its midpoint) is this level. Nice amount of confluence here to suugest sellers will show up.
The upper blue box is where I personally would like to see price reach. Obviously premum sell area with greater risk to reward . The daily chart has an order block at that level and the darker shaded box on the chart is essentialy the 4hr order block. There is also another bat harmonic developing with excellent fib ratios that has entry precisely in the 4 hour order block. Lower time frame entry could lead to nice sell trade from this level.
Safe Trading all
Weekly Forex Outlook Sun.Aug.11.2024 - Fri.Aug.16.2024Like and Comments would be appreciated :D Not Financial Advice, Just my outlook/opinion
US30 Buy after retest the zoneUS30 Buy after retest the zone.
It is ranging right now and probably Us session will drive the price up and will look for a buy after retest.
CPI can be that boost too.
US30 Bearish Breakout! US30 broke the rising
Support and the breakout
Is confirmed so we are bearish
Biased and we will be expecting
A further move down !
US30 Chaos and How to deal with itAs I would have mentioned within the last video I posted I was actually expecting a pullback - well it turned out to be a full on retracement and that forced me to stop trading because the momentum literally went against what I was expecting.
This is to show how we can use probability, timing and momentum to make informed decisions on what trades we should and shouldn't take.
Hope you have a good day today
Look out for the next video I am going to post on GOLD
There is NO Right Time, Just time | $388 ProfitDoesn't matter who you are we all have the same 24 hours in a day, what you do with it is what dictates how successful you are.
We have to be very concerned with how we make use of the time at our disposal.
That is all.
Dow Jones Index (US30): Detailed Support and Resistance Analysis
Here is my latest structure analysis
and important key support and resistance levels to pay close attention to.
Vertical Structures
Vertical Resistance 1: Rising trend line
Horizontal Structures
Support 1: 38250 - 38550 area
Support 2: 38015 - 38105 area
Resistance 1: 39500 - 39700 area
Resistance 2: 39800 - 39960 area
Resistance 3: 40900 - 41415 area
Consider these structures for pullback/breakout trading.
❤️Please, support my work with like, thank you!❤️
US30 Buys !!!!US30 Buys
**Trade Idea:**
- **Instrument:** Dow Jones Industrial Average (DJIA) Index
- **Timeframe:** 1 Hour
**Setup:**
- The price is currently bouncing off the 0.618 Fibonacci retracement level, which suggests a potential continuation of the bullish trend.
- The 200 EMA (black line) is serving as dynamic support, reinforcing the bullish momentum.
- The formation of higher lows and the breakout above the 50 EMA (red line) further confirms the strength of the uptrend.
**Trade Entry:**
- **Buy Entry:** Enter a long position at the current price level around 39,640, after confirming a strong bullish candle above the 50 EMA.
**Targets:**
- **Primary Target (TP1):** The first target is set near the 0.786 Fibonacci retracement level around 40,520, aligning with a significant resistance area.
- **Secondary Target (TP2):** The ultimate target is near the previous high at around 41,415.
**Stop Loss:**
- **Stop Loss (SL):** Set the stop loss just below the 0.5 Fibonacci level, around 39,207, which coincides with recent lows and provides a good risk-reward ratio.
**Risk Management:**
- Ensure that the risk-reward ratio is favorable, ideally at least 1:2.
- Adjust the position size to maintain proper risk management based on your trading plan.
**Additional Notes:**
- Monitor the price action closely as it approaches the 40,520 level. If the price shows signs of rejection, consider securing partial profits or adjusting the stop loss to breakeven.
- Be aware of any macroeconomic events or news releases that could impact market sentiment.
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This trade idea is based on technical analysis and should be executed with caution, considering all potential risks involved.
Us30 Setup 12/08/24For a potential buy signal on the US30, look for confirmation of a bullish trend supported by technical indicators, chart patterns, and volume analysis. Ensure that risk management strategies are in place to protect your investment. Always stay updated with market news and economic events that could impact the broader market.
