DJIDJI - Dow Jones Index
Completed " 12345 " Impulsive Waves
Break of Structure
Fibonacci Level - 61.80%
Demand Zone
Falling Wedge as an Corrective Pattern in Short Time Frame
US30 trade ideas
US30 - What's Next?!You all remember my US30 which hit 'Take Profit' & secured us 8,800 PIPS (26% ROI)?👀 5 Wave Bullish Move Complete.
What's your current bias on US30 long term?
Dow Jones Industrial Average -Elliott Wave Count -01/17/25 The Dow Jones Industrial Average (DJI) since it’s 12/04/24 all – time high has a very clear Elliott wave pattern.
From 12/04/24 to 12/20/24 there is a clear five wave Impulse pattern.
Followed by an Elliott wave – Expanding Flat correction.
Primary target for a top is at the Fibonacci .618 retracement of the 12/04/24 to 01/13/25 decline. Right near this target is another Fibonacci price relationship. Minor wave “C” will be 1.618 the size of Minor wave “A” only 3 – Dow points from the .618 retracement level.
The Expanding Flat formation could peak sometime on 01/21/25.
US30The Dow Jones Industrial Average (US30) is a stock market index that tracks 30 of the largest and most established blue-chip companies in the United States. Unlike the NAS100 and SPX500, which are market-cap-weighted, the US30 is price-weighted, meaning stocks with higher prices have more influence on the index. It includes major corporations like Apple, Boeing, Goldman Sachs, and Microsoft, covering industries such as finance, technology, healthcare, and manufacturing. The US30 is considered a key indicator of economic health, often reacting to macroeconomic data, Federal Reserve policies, and geopolitical events.
US30 Will Go Down! Short!
Here is our detailed technical review for US30.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 44,145.21.
Considering the today's price action, probabilities will be high to see a movement to 42,746.00.
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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US30 Bullish LongTitle: Long US30 (Dow Jones Industrial Average) Based on 1-Hour Bullish Divergence
Trade Setup:
- Asset: US30 (Dow Jones Industrial Average)
- Timeframe: 1-hour
- Entry: Buy at the close of a bullish candlestick pattern confirming divergence
- Stop-Loss: Below the recent swing low on the 1-hour chart
- Take-Profit: Based on key resistance levels or a 1:2 risk-reward ratio
Analysis:
- Bullish divergence confirmed on the 1-hour timeframe
- Volume supports potential bullish reversal
Trade Plan:
- Enter long position on 1-hour bullish confirmation
- Set stop-loss below recent 1-hour swing low
- Take profit at key resistance levels or using a 1:2 risk-reward ratio
- Risk 1-2% of trading capital
This trade plan aligns with technical analysis and provides a structured approach to capitalizing on the potential bullish reversal in US30.
DJ30 make or breakDow Jones (DJ30) is clearly at an inflection point.
Though resistance at zone around 43350
Though support at 4170.
European indices at all time high time morning noticeably DAX30.
Will the DOW follow ?
Arguably a difficult trade. We need momentum behind it .
DOW - still room to run?This longer term count for the Dow Jones Index is suggesting that we may be in the later stages of an extending 5th wave, particularly if this index can break to new highs. There are always lots of possible EW counts for any chart but there are some areas of confluence here with the fib extensions for a possible top.
Late analysis share of bullish US30 market... going accordingly Buy on US30 from 48482 with expected TP @ 45056.
A definite long position with a very good R:R ratio for profit.
Dow Jones Potential UpsidesHey Traders, in today's trading session we are monitoring US30 for a buying opportunity around 43,200 zone, US30 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 43,200 support and resistance area.
Trade safe, Joe.
US30 Bulls Taking Control?!
Weekly Timeframe Analysis
Price Action:
• The weekly timeframe remains in a large uptrend, supported by sloping EMAs. Despite a recent fall, this structure remains intact as prices bounced sharply at 42,000, aligning with the 0.618 Fibonacci retracement of the leg starting on September 9th.
• Importantly, this bounce reclaimed the 20 SMA after dipping below, showing resilience and strength in the trend. Prices remain in the upper band of the Bollinger Bands, a bullish signal.
Trendlines:
• A large lower trendline dating back to October 2023 has held firmly during this fall, reinforcing its significance as a structural support. Higher trendlines are less clear, signaling a potential weakening in momentum on rallies.
Indicators:
• RSI at 57: Above midline but not overbought, showing moderate bullish momentum.
• MACD bearish, histogram waning: Suggests that downward momentum is losing strength, a typical precursor to reversal or consolidation.
• ADX at 19.65: Indicates a lack of strong trend currently, though negative DMI dominance shows residual bearishness.
• Accumulation Distribution Line (ADL): Despite a wick below the 13 EMA, it closed above, with the 13 EMA > 48 SMA, suggesting underlying buying interest.
Daily Timeframe Analysis
Price Action:
• After a long-term rise inside a parallel channel since August, prices broke below this structure on December 16th during the fall.
• The bounce at 42,000 coincided with a daily order block, signaling the level’s importance. This bounce aligns with weekly trendline support and suggests a higher low may be forming, further confirmed by price action breaking back above 20, 50, and 100 EMAs during the recovery.
Fibonacci Levels:
• The daily retracement from the recent fall touched just above the 100% retracement level, showing a deep retracement pattern typical of a sharp corrective phase. Current price action hovers near the 0.5 Fibonacci extension level, facing light resistance.
Indicators:
• RSI at 54: Regained strength above 50, signaling mild bullish momentum.
• MACD green and increasing: While both signal and MACD lines are below zero, the histogram growth reflects recovering momentum.
• CMF at 0.08: Positive, indicating money flow into the asset.
• ADX at 25.78, falling: The lack of strong trend during this bounce indicates it may be corrective unless the momentum picks up.
• ADL dynamics: The ADL line sits above the 13 EMA but below the 48 SMA, reflecting moderate buying pressure without dominance.
Order Blocks:
• Significance: The bounce off the 42,000 daily order block confirms it as a key support level, and prices are now in a second daily order block near 43,500. These zones are critical for observing further price action.
4-Hour Timeframe Analysis
Price Action:
• During the fall, a falling wedge structure dominated, with lower highs and lower lows forming within the descending trendline. This bearish structure broke cleanly, signaling a potential shift to bullish momentum.
• Prices have now moved to 1.23 retracement of the previous high, confirming bullish structure with a break of prior highs. However, a pullback to test support, either at the lower end of the daily order block or trendline, is likely before continuation.
Indicators:
• RSI at 69.97: Near overbought, reflecting strong short-term momentum.
• MACD green but waning: Suggests the upward move may be slowing.
• CMF at 0.21: Strong accumulation, validating the breakout.
• ADX at 32: A rising trend with positive DMI dominance, indicating this move is supported by strength but not yet exhausted.
Volume Profile:
• The POC at 42,410 is a key magnet if prices retrace, with a high-volume node between 42,200 and 43,000, providing structural support for a potential retest.
Custom Indicators
Weekly:
• The first green candle print post-fall indicates renewed strength. The close above the 50 SMA supports the uptrend narrative, making this print significant in confirming higher timeframe bullish momentum.
Daily:
• After a prolonged absence of green candles during the fall, a single green candle print two days ago signals recovery. However, the lack of consecutive green candles tempers the bullish case and calls for caution.
Key Insights
1. Weekly Trend Support: The 0.618 Fibonacci retracement and major trendline at 42,000 align perfectly, making this level critical for sustaining the larger uptrend.
2. Daily Momentum Shift: Recovery of major EMAs (20, 50, 100) and a clean bounce from a daily order block signals that buyers are stepping in at higher levels.
3. Bullish Breakout on 4-Hour: The break of bearish structure is confirmed by strong indicators (RSI, CMF, ADX). However, overbought RSI suggests a pullback may be imminent.
4. Volume Context: The POC at 42,410 and high-volume node below current prices make the 42,200 - 42,500 zone a critical area for buyers to defend on a pullback.
5. Custom Indicators Support Recovery: The green candle prints on the weekly and daily charts bolster the bullish case but highlight the need for sustained momentum.
US30 breakdown for Jan22Wasn't expecting to plummet the whole day. But I'm looking out for minor pullback on the US30 before encountering a major resistance at $48048.
The $43780 level should the support our minor pullback before the start of New York session. DYOR
DJI - ACCURATE TREND CAUGHTDow Jones Industrial (DJI) Accurate Trend Caught Using Risological Options Trading Indicator .
After a one sided 1100 points (SHORT side)
We are now seeing a Bullish reversal in the market, with 350+ points open P&L so far, and running.
The past two weeks have been painful for many traders and investors worldwide.
Share your personal experiences below.
All the best.
BACK ON ITJUST BUY, HOLD. LETS see how it plays out. A little aggresive but why not , Im willing to risk to find out.
US30 Continues its bullish Move As expected, US30 broke the next resistance level and provided a great intraday opportunity.
DOW US30 AT 61% RetracementDow is at a 61% retracement from the recent highs and Lows.
Swing traders short moment !
US30 BUYING HERE!!!US30 will be bullish till we Attain 45,3454.
Price moving to the next resistance
CHEERS
watch he year and the sisterI have been watching price delivery to the upside Thursday not a nice trade but to the look of things the bias seems to be in tact so it just confirms losing days comes but the probabilities are endless with the bias on the side you plan to trade
US/30 retracement down before the big pushUS/30 bullish daily & weekly, i will be looking to take this to the upside, price could react
off either support areas, it would be nice to see a retracement down before the push up.
thats why i like to have multiple areas of interest & not just fixate on 1 area.
US30/USD Analysis Hello All Traders! Write Your Feedback In Comments Section Keep Suppor Me Thanks
Date/13/Jan/2025
Current Price 41,860
In My Analysis Of US30/USD (Dow Jones Industrial Average) Exhibits a Clear Downtrend Within a Descending channel, I highlight It As dynamic Resistance (upper trendline) And Dynamic Support (Lower Trendline). The price is Currently Testing the Channel Support Near The 41,462 Level, Showing Potential for Either a Bounce or Further Breakdown.
A consolidation channel Where the Price was Range-bound After Previous Declines. A Breakdown From this Consolidation Suggests Bearish momentum.
If the price respects the Support, a Reversal Toward the Dynamic Resistance near 43,940 or the Broader Resistance Zone near 44,973 may Occur. Conversely, a break Below the channel Support could Lead to Further bearish Movement Toward lower Support levels.
We should Monitor price Action at Critical levels And use confirmation for Potential Entries.
Note: This Idea Only For Educational Purposes and not A Trading Advice Thanks For Your Support
