Dow Jones Industrial Average Index forum

US30 Daily Trading Analysis – Key Levels & Trade SetupsApril 18, 2025
|DCMP (Daily Current Market Price): 39,210
🎯 Key Levels
Above DCMP (Resistance)
📉 40,896 (Immediate Resistance)
📉 41,941 (Strong Resistance)
📉 43,633 (Major Resistance)
Below DCMP (Support)
📈 39,204 (Critical Support)
📈 37,512 (Intermediate Support)
📈 36,467 (Long-Term Support)
Swing Levels
↗️ Swing High: 44,045 (11 Nov 2024)
↙️ Swing Low: 41,400 (4 Nov 2024)
🔍 Technical Analysis
Fibonacci Retracement: Price consolidates between 38.2% (39,204) and 61.8% (40,896) levels.
RSI Divergence: Bearish divergence detected on 4H chart near resistance.
MACD: Histogram flips negative at 40,896, signaling weakening momentum
💡 Trade Setups
📈 Intraday Buy Idea
Entry: 39,204 🟢
Stop Loss: 37,512 🔴
Take Profit 1: 40,263 🟢
Take Profit 2: 40,896 🟢
📉 Intraday Sell Idea
Entry: 40,896 🔴
Stop Loss: 41,941 🔴
Take Profit 1: 39,833 🟢
Take Profit 2: 39,204 🟢
📉 Risk Management Tip
Tighten stops if price breaches 38.2% Fib (39,204) for buys or 61.8% Fib (40,896) for sells.
📌 Conclusion
The US30 remains range-bound between 39,204 and 40,896. Focus on counter-trend trades at these boundaries with strict stop-loss orders. Monitor 4H closing prices for breakout confirmation.
why is US30 closed today
*MSS happen in lower frame
*Here's my setup

The upper wicks of the last three candles created a Bearish Pressure Zone for the market to drop. You can ride this for as far as the bears will go.
Take Profits to the Downside:
38,999 - Low of Inside Day for a Breakout on the Hourly
38,935 - Major Pivot Low that is a Support Area to Break on the 4-Hour
38,400 - Low of Inside Day for a Breakout on the Daily

A Two Bar Reversal could be forming, so the breakout is likely to be at the Inside Day's low (at 38,999). If this is a true breakout, and not a false one, the bears can drop even further down.

Everything is going to be a fakeout with this vol, not enough fresh orders to break levels and push through the pending orders at the edges of the range 🧠
So we absorb buy stops equal to more than the fresh shorts coming in during this session. There is another short entry resting in the high above this bearish drop candle 🎯 If we close above this drop candle, the middle of it's body will hold a long opportunity.
