Bearish reversal off pullback resistance?Dow Jones (US30) is rising towards the pivot which is a pullback resistance and could drop to the 1st support.
Pivot: 42,476.16
1st Support: 41,442.18
1st Resistance: 43,185.84
Risk Warning:
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Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
DJIA trade ideas
US30 - Potential Targets How I see it in the shorter term:
KEY LEVEL OF CONFLUENCE, NOW SUPPORT @ 41640.00
Potential "LONG" -
TP 1 = 42355.00
TP 2 = 42890.00
Potential "SHORT" -
(Requires a break and hold below KEY SUPPORT)
TP 1 = 40652.00
Keynote:
Stocks are still not showing the "reversal" type quality and energy.
Upwards might only be a higher TF correction.
On the 4HR TF there is also signs of a potential bearish flag.
Thank you for taking the time to study my analysis
US30 - Catch The Next Wave!US30 is currently in an uptrend, with price action respecting a well-defined ascending channel. We anticipate another bounce from channel support.
In Wave 2, price was rejected at the 38.2% Fibonacci retracement level, and we expect a similar reaction for Wave 4.
Our strategy is to wait for price to enter the buy zone, between the 38.2% and 50% Fibonacci retracement levels, and look for bullish reversal signals before entering a position.
Potential Bullish Reversal Signals:
Trendline break
Break of structure (BOS)
Other confirmation patterns
Trade Plan:
- Monitor price movement into the buy zone, aligning with channel support.
- Enter long positions upon confirmation of bullish price action, placing stop-loss below the established low formed after bullish confirmation.
Target levels: 45,000 and 48,500, with the remainder held for a potential extended swing trade.
Goodluck and as always, trade safe!
US30 Analysis SCENARIO 1 (sells)
Gold is in a bullish momentum, so the current bearish move in conjunction with the trump tariffs should
have us see a good retest zone back to the upside with continious bad news occuring in the US
Recent high impact events have been in the red (when you see a red number that means that the release of certain data was lower than what was expected)
In the upcoming weeks, we have the Standard & poors global manufacturing PMI and the S&P Global services PMI with the consensus for
each to be 51.9 and 51.2 which is accounting for a drop in the S&P Manufacturing PMI but a 0.2 % increase in the S&P global services PMI
for beginners, understand that these are economic indicators to show people how a courntries economy is doing with Manufacturing PMI
leading towards the production of goods in the US.
Now I believe that both actual results when released will be negative due to the fact that the current tariff hits have been hurting the US.
This will lead to a bearish market open on the Nasdaq and US30 indices and a buy on gold.
Why this is so is a lower number than the consensus (the consensus refers to a healthy number for the economy to "be at" for that month) meaning
a lower result than what they have put will lead to a brief economic panic with investors taking sells on their postitions on the top 30 and 100 businesses
(nasdaq and US30) and the further sells on the US market from retail investors will cause a greater bearish move on Monday.
Now the reason why Gold goes up is because it is a security, safe haven for investors. When Investors take their cash out of their stocks
and when their is more economic stress then there will be more reason to invest into a safe commodity like gold.
More news to note is the tesla stock crash which is a driving factor of the current losses in the Nasdaq and the S&P and the Dow jones. The upcoming tariffs will
see a downturn in the market.
Now that is my bet, we need to add these fundamentals in with perfect technical anlysis entry points
SCENARIO 2 (buys)
For buys everything oposite to the sells will occur meaning that if a positive number above consensus happens then there may be a brief period of buys
US30 analysis SCENARIO 1 (sells)
Gold is in a bullish momentum, so the current bearish move in conjunction with the trump tariffs should
have us see a good retest zone back to the upside with continious bad news occuring in the US
Recent high impact events have been in the red (when you see a red number that means that the release of certain data was lower than what was expected)
In the upcoming weeks, we have the Standard & poors global manufacturing PMI and the S&P Global services PMI with the consensus for
each to be 51.9 and 51.2 which is accounting for a drop in the S&P Manufacturing PMI but a 0.2 % increase in the S&P global services PMI
for beginners, understand that these are economic indicators to show people how a courntries economy is doing with Manufacturing PMI
leading towards the production of goods in the US.
Now I believe that both actual results when released will be negative due to the fact that the current tariff hits have been hurting the US.
This will lead to a bearish market open on the Nasdaq and US30 indices and a buy on gold.
Why this is so is a lower number than the consensus (the consensus refers to a healthy number for the economy to "be at" for that month) meaning
a lower result than what they have put will lead to a brief economic panic with investors taking sells on their postitions on the top 30 and 100 businesses
(nasdaq and US30) and the further sells on the US market from retail investors will cause a greater bearish move on Monday.
Now the reason why Gold goes up is because it is a security, safe haven for investors. When Investors take their cash out of their stocks
and when their is more economic stress then there will be more reason to invest into a safe commodity like gold.
More news to note is the tesla stock crash which is a driving factor of the current losses in the Nasdaq and the S&P and the Dow jones. The upcoming tariffs will
see a downturn in the market.
Now that is my bet, we need to add these fundamentals in with perfect technical anlysis entry points
Dow Jones The Week Ahead 24th March '25 Dow Jones bearish & oversold, the key trading level is at 42488
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
US30BUY Opportunity
- Base channel on Daily time frame retested indicating end of Wave 4.
- Buy opportunity towards wave 5, potentially at price - 47 838.64
Buy Confirmation
- On 2 Hour timeframe, Bos and with a leading diagonal.
- We then place a buy limit at 41 087.27 as the demand zone
This is not investment advise. Enter at your own risk.
DOW JONES targeting 50000 on this final Bull yearDow Jones / US30 posted the first green weekly candle after hitting last week the 1week MA50.
This is obviously a critical support level as it has been holding since the October 30th 2023 rebound.
As this chart shows, Dow has been repeating the same patterns, Cycle after Cycle.
Right now it has entered the Final Year of Bull, which is the part where it rises aggressively to form the Top before the new Bear begins in the form of a Megaphone pattern.
The previous Bull peaked on the 2.382 Fibonacci extension of the Megaphone.
This means that a 50000 Target for Dow is perfectly plausible by the end of 2025.
Follow us, like the idea and leave a comment below!!
Dow Jones INTRADAY Bearish oversold bounce backKey Support and Resistance Levels
Resistance Level 1: 42488
Resistance Level 2: 43067
Resistance Level 3: 43575
Support Level 1: 40657
Support Level 2: 40109
Support Level 3: 39584
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Dow Going Down Dow already reached the end of Resistance Zone now we going down.
I strongly believe we have two scenarios:
Scenario number One: re-test support Zone 1h (1 hour) and bounce higher.
Scenario number two: we going to POI (Point Of Interest or what called Institutional Candle) and bounce higher.
Note: these bounces doesn't mean down trend is finished but means that we will gain decent profits for couple of session since we don't have confirmation of finishing this down going move
US30 BEARISH BIAS RIGHT NOW| SHORT
US30 SIGNAL
Trade Direction: short
Entry Level: 41,902.2
Target Level: 40,698.3
Stop Loss: 42,704.8
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 9h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅LIKE AND COMMENT MY IDEAS✅
Potential bearish drop?Dow Jones (US30) has rejected off the pivot and could drop to the 50% Fibonacci support.
Pivot: 42,208.96
1st Support: 41,442.18
1st Resistance: 42,990.92
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
"US30 at a Crossroads: Inflation, Fed Policy, and Market Swings The US30, also known as the Dow Jones Industrial Average (DJIA), is currently experiencing heightened volatility as investors grapple with mixed economic signals from the U.S. economy. On one hand, strong corporate earnings and resilient consumer spending have provided support, while on the other, concerns over persistent inflation, rising interest rates, and geopolitical tensions have weighed on sentiment. This reflects the broader state of the U.S. economy, which is navigating a delicate balance between slowing growth and inflationary pressures.
In the coming months, the US30 is likely to remain sensitive to Federal Reserve policy decisions, particularly regarding rate cuts or hikes, as well as developments in the labor market and global economic conditions. Investors should brace for continued fluctuations, with potential upside if inflation shows signs of easing and downside risks if economic data points to a sharper slowdown.
FUSIONMARKETS:US30