DJIDJI - Dow Jones
Order Block
Break of Structure
Bullish Channel as an Corrective Pattern in Short Time Frame
Completed " 12345 " Impulsive Waves
Change of Characteristics
US30 trade ideas
US30 H4The S&P 500 and the Nasdaq Composite closed at all-time highs Friday as official data showed the economy added more jobs than projected in November.
The technology-heavy Nasdaq rose 0.8% to 19,859.8, while the S&P 500 gained 0.3% to 6,090.3. The Dow Jones Industrial Average fell 0.3% to 44,642.5. Consumer discretionary led the gainers among sectors, while energy saw the biggest drop.
For the week, the Nasdaq jumped 3.3%, while the S&P 500 increased 1%. The Dow dropped 0.6%
In economic news, total nonfarm payrolls in the US climbed by 227,000 last month, the Bureau of Labor Statistics reported. The consensus was for a 220,000 increase, according to a survey compiled by Bloomberg. The unemployment rate rose to 4.2% from October's 4.1%, which was the market view for last month.
US30 Bearish Reversal Signals Looming?The Dow Jones Industrial Average (US30) may be setting up for a potential pullback, as technical indicators signal weakening momentum.
Key Observations:
- The price has approached the upper Bollinger Band resistance (marked by circles in the chart).
Historically, such instances often coincide with price corrections or consolidation phases.
- Recent candles indicate hesitation, with bearish pressure emerging near critical resistance levels.
Indicator Confirmation:
- The Market Breadth EMA20 has dropped below 20, reflecting reduced market participation and signaling potential waning bullish momentum.
- The Dow's failure to sustain above the upper Bollinger Band, coupled with rejection candles, strengthens the case for a reversal.
Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risks effectively.
DJIA H4 | Approaching overlap supportDJIA (US30) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 44,527.74 which is an overlap support that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 43,710.00 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level.
Take profit is at 45,542.92 which is a level that aligns with the 161.8% Fibonacci extension level.
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Dow Jones for buyIf you're trading today, consider the current consolidation pattern and news impact. Higher times are still in pullback so bit caution here ⚠
Dow Jones for buyThe Dow Jones Industrial Average (DJIA) is showing mixed performance today, reflecting recent market sentiment. As of now, there’s cautious optimism among investors due to favorable economic data. However, some components are lagging, particularly in sectors like healthcare and technology, while financial stocks show modest gains.
US30 Faces Downside; Key Supports in FocusHello,
BLACKBULL:US30 appears poised for potential downside as both the 1W and 1D pivot points have acted as resistance. The extent to which supports will be tested remains uncertain. Key levels to watch include strong 1M support at 43,095.7095 and 1W support at 44,344.641.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
US30 at a support line- Most Likely to continue bearishUS 30 is bearish from reaching an all time high. Currently sitting on a support line at 44613 look for price to react at this level giving an opportunity for a buy or a sell. Keep in mind the US30 loves to fake so be sure to pay attention to a retest once price breaks the support line. Our bias is price will continue in the trend downward until it reaches 44360
Reducing riskiness works in favor of stock indicesIn the recent four-hour chart of the Dow Jones Industrial Average (DJIA), the price is moving in a clear ascending channel. This movement shows that the market continues its upward trend.
Currently, the price of the Dow Jones is above the support level of $44,534. This support level is very important to continue the upward movement. If the price manages to maintain this level and continue to move above it, we can expect the price to increase and reach higher resistance levels.
As long as the price remains above the $44,534 support, the next resistance target will be $45,949. Technically, this resistance level is a key target for the continuation of the upward trend, and if the price reaches it and does not cross it, it can start a new wave of buying and increasing the price.
Also, considering the strength of the upward trend and the position of the price inside the channel, this resistance target is considered as a sign of market strength, and its achievement can be an important milestone in the next movement of the market.
The 45,000 level is acting as a roadblockGood day to all,
Recent market movements in the DOW and SPY have demonstrated a sharp upward trend without any significant pullbacks. This deviation from typical market behavior suggests the possibility of artificial manipulation rather than organic growth.
One major contributing factor appears to be the Federal Reserve's aggressive rate-cutting policies. By lowering interest rates, the Fed has incentivized borrowing and increased liquidity in the market, creating upward pressure on asset prices. While this move may have been aimed at stimulating economic activity, it has also introduced distortions, pushing equities higher at an unsustainable pace.
This type of rally, driven more by monetary policy than by strong economic fundamentals or corporate performance, increases the risk of a sudden correction. A lack of major pullbacks could indicate overextended positions in the market, as investors chase the momentum fueled by easy money conditions.
In light of this, my strategy is to remain cautious and focus on identifying potential reversal points. With the DOW and SPY showing signs of being overbought, I'll monitor key technical indicators and macroeconomic data for signals of a potential correction or trend reversal.
The Fed’s policy shift highlights the importance of aligning my trades with broader economic factors. This environment underlines the need for discipline in risk management, as artificially driven rallies can be unpredictable and volatile.
PEPPERSTONE:US30 NYSE:DOW
Dow Jones (DJI) Linear Macro Outlook Linear target: 44k
Impulse target: 48k
The stock market cycles are lengthening. Continued downside till EOM followed by a final melt-up rally that will bring the end of grand wave 5.
ETA H2 '22 - H1 '23.
DOW JONES (1h) Death Cross turning into a buy signal soon.Dow Jones is trading inside a Channel Up that is long term supported by the MA50 (1d).
On Monday we will see a Death Cross (1h), which inside the Channel Up has been usually formed halfway through a Channel Down/bearish leg that forms the new Low.
Trading Plan:
1. Buy by next Wendesday the latest.
Targets:
1. 46000 (under a +8.31% rise from the last Low, which is where the October 18th High was priced).
Tips:
1. The RSI (4h) tends to form a bottom when it hits 30.00 (oversold limit). Be ready to buy if it hits that level earlier than next Wednesday.
Please like, follow and comment!!
Notes:
Past trading plan:
US30 - 12-6-24 - After NY Opening Key Levels of Interest
Support and Resistance:
- Support Zone:
- Strong support is around 44,582, marked as a significant horizontal zone where the price has bounced before.
- Resistance Zone:
- Resistance lies around 44,950–45,102. This is a cluster of higher Fibonacci retracement levels (78.6% and 100%) where price previously reversed.
Fibonacci Retracement Analysis
The Fibonacci retracement levels shown on the chart are key areas to watch:
- 38.2% (44,730.28): Minor pullback level, suggesting weak bullish strength if the price fails to hold above it.
- 61.8% (44,866.50): The "golden ratio" zone often acts as strong resistance if tested after a downtrend. Watch for rejection or breakout here.
-100% (45,102.81): Full retracement level, marking a potential reversal or continuation zone.
RSI Insights
- RSI is near the 40-50 range, indicating neutral to slightly bearish momentum.
- Bearish Momentum: If RSI drops below 30, it signals oversold conditions and could align with a bounce near support.
-Bullish Momentum: If RSI climbs above 50, this could confirm upward momentum.
MACD (Lower Indicator)
- The MACD lines are diverging downward, indicating bearish momentum.
- If the histogram begins contracting or the MACD lines cross upwards, it could signal a bullish reversal.
Moving Averages
- The yellow moving average (likely an EMA) is currently sloping downward, showing short-term bearish sentiment.
- Price action is below the moving average, reinforcing bearish bias unless a breakout occurs above it.
Tips for the Next Hour
- Volume: Watch for increasing volume at key levels (support or resistance) to confirm direction.
- Wait for Confirmation: Don’t enter prematurely; look for a candle close above/below key levels.
- Lower Timeframes: Monitor smaller timeframes (5-min or 15-min) for quicker signals in alignment with the hourly trend.
Potential Scenarios.
Define Your Entry, Stop-Loss, and Target Levels
Using the analysis provided:
Bullish Scenario:
Entry Price: ~44,866.50 (breakout above 61.8% Fibonacci level)
Target: ~45,100 (next resistance zone based on 100% Fibonacci level)
Stop-Loss: ~44,730 (below 38.2% Fibonacci level, to protect against false breakouts)
Bearish Scenario:
Entry Price: ~44,582 (breakout below support zone)
Target: ~44,400 (next support zone below)
Stop-Loss: ~44,730 (above the 38.2% Fib retracement to avoid being caught in a pullback)
Recommendations:
Take Trades with an R:R > 1.5:1: The bullish scenario (1.7:1) is more attractive than the bearish (1.2:1).
Risk 1-2% of Your Account: Start with 1% if you’re unsure or scaling into a position.
Adjust Position Size: Make sure your position size aligns with your calculated risk.
Us30 06DEC24 pasOn Friday November 22nd the market reacted to a 1D fvg; which is the bullish narrative i wanted to see in order to confirm my bullish directional bias. I also applied Fibonacci to the fvg to locate a few long term price targets.
Now, all that was required of me was to identify an ideal entry point which was offered today as an order block on the 2H timeframe. I applied fibonacci to the structure it was found in. And clear as day the 79% discount level was aligned with the opening of the Ob. The market reacted to it beautifully as anticipated today
US3O M15US30 M15
MAKE A CYCLE IN THE MARKET .
At the end of the process we collect the orders
UP THEN DOWN
BUY 44805
AFTER THAT SELL.44725
NFP US30Technical analysis.
Gap fills and liquidity grabs.
Trapping Sellers and buyers looking to break above 45k
Not financial advice.
BullishThinking about bullish push here to 1-4hr resistance in this range we're in. Possibility of SL hunting below so beware
New ATH Achieved: Price Targets 45,200 Amid Sustained UptrendTechnical Analysis
The price has reached a new all-time high (ATH) and is now advancing toward the 45,200 level.
Currently, a corrective move toward 44,920 is underway, and a sustained position above this level is expected to propel the price further toward 45,200.
For a bearish scenario to materialize, the price must close a 4-hour candle below 44,750, which would likely open the path to a decline toward 44,400.
Key Levels:
Pivot Point: 45100
Resistance Levels: 45200, 45500, 45600
Support Levels: 44750, 44400, 44270
Trend Outlook:
Uptrend while above 44750 and 44920
US30 Closing first red day on the NFP dayHello traders and thanks for reading and supporting my idea!
US30 is actually building an interesting template and today it could complete a weekly pump and dump template. But to understand better the logic behind this template, let's analyse day by day what happened this week.
Monday, sets up the opening range of the week, the high low of the week is now in place and overall it was a dumping day as you can see during NY session time.
Tuesday expanded the range to the downside, closing back inside the range at the end of the day. That's our box of the week, money are lying above and below these extremes.
Wednesday nothing really interesting happened, considering that the price stayed inside the range almost all the day, slightly retesting the HOW just before the end of the day, closing the day in breakout, which is very important because now, breakout traders long are in the market and potentially driving this move.
Thursday consolidated almost all the day up high into the HOW, every attempt to break higher failed, eventually trapping the traders long in the wrong direction, stopping them out at the end of the day, closing the market as first red day and with breakout short traders involved.
Today, Friday, I can see the market placing a lower low into the low of day, which potentially reinforce the weakness of this market, and it's currently consolidating/coiling just below the closing price.
Overall, we are inside the previous weekly high low range, so I will be targeting the current LOW if the short scenario is identified.
As always, the template can give a thesis but a setup can drive the move, the following notes will explain better both the scenarios.
Gianni
US30 / TRADING A RANGE BETWEEN 45,100 AND 44,468 / 4HUS30 / 4H TIME FRAME
HELLO TRADERS
The Dow Jones is trading between 45,100 (resistance) and 44,468 (support) , Prices are under upward pressure, but remain below the all-time high (ATH) of 45,100.
If prices fail to stabilize above 45,100, a decline is expected toward the lower support at 44,468,If prices break below 44,468, the decline could continue further into a demand zone between 43,960 and 43,719.
If prices break and stabilize above 45,100 (ATH), an increase is expected toward a new historical zone between 45,490 and 45,890.
this is my idea for DowJones tradersOANDA:US30USD Dow Jones price is now on the rise, if the price settles above 44709 it will reach 45078, but if it breaks 44709 and settles below this level it will drop to 44444 especially at the 4-H
Bullish US30The dow jones index, which is the value of the 30 largest US-registered corporations, is probably going to touch higher price levels after a corrective wave.
