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US30 trade ideas

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.
TVC:DJIShort
by markrivest
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.
THINKMARKETS:US30Short
by HavalMamar
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. Like and subscribe and comment my ideas if you enjoy them!
THINKMARKETS:US30Short
by SignalProvider
1
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.
BLACKBULL:US30Long
by MAAwan
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.
BLACKBULL:US30Long
by EliteMarketAnalysis
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
OANDA:US30USDLong
by David_Josh_Trader
6