correctionThe correction is expected to continue until the specified support levels. Then there is a possibility of a trend change and an uptrend.
DJIA trade ideas
Potential bearish drop?Dow Jones (US30) has reacted off the pivot which has been identified as a pullback resistance and could drop to the 1st support that lines up with the 50% Fibonacci retracement.
Pivot: 45,056.62
1st Support: 43,298.77
1st Resistance: 46,066.08
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Potential bearish drop?DJ30 is rising towards the resistance level that is an overlap resistance and could drop from this level to our take profit.
Entry: 44,603.74
Why we like it:
There is an overlap resistance level.
Stop loss: 45,112.98
Why we like it:
There is a pullback resistance level.
Take profit: 43,871.19
Why we like it:
There is an overlap support level.
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US30 - Technical Analysis by GivenLooking at the US30 for the remainder of the month, we are likely to see a bearish us30
US30 Bearish Bias!
HI,Traders !
US30 made a bearish
Breakout of the key
Horizontal level of 44620.76
Which is now a resistance
And we will be expecting
A further move down After
retesting broken level !
Comment and subscribe to help us grow !
US30 4H - ATHDow Jones Index Analysis
Introduction:
As always, further analysis is required. Two possible bullish movement scenarios have been discussed, with a target of breaking the highest price (ATH).
Plan C:
Scenario: A potential drop to 44350, followed by a reversal in the main direction towards the ATH target at 47180.
Condition: This scenario is more likely if there is high volume and strong buyer power.
Plan A:
Scenario: A drop to 44350, followed by a temporary upward movement to the marked range around 45200.
Correction: Afterward, a temporary market correction to 43570.
Main Target: A reversal back to the upward trend with the goal of breaking the ATH.
Likelihood: This plan seems more probable in my opinion.
Conclusion:
Both plans suggest the potential for breaking the ATH, but Plan A is the more likely scenario.
High-accuracy analysis, amazing results!
DOW Upside 47600 OR Downside 40024 Technical AnalysisResistance from Channel
Election Rally Over
Strict Sanctions and Reciprocations
The Big ShortLike Ryan Gosling says in the movie:
Big bank, small bank, I like to make money.. Allright?!
On serious note: This is not fun and many lives will be ruined by this crash.
Stay safe and secure some profits for your family and loved ones
US30 TRADE IDEA: SHORT | SELL (10/08)Price has been bullish overall. While it has been overall bullish - price hasn’t broken from its consolidation, therefore in the meanwhile we’ll take advantage of the situation. Price has broken down on the 4H TF, so we’re looking for an optimal entry. Although I have marked out FVG - I believe the uppermost order block is a great place to enter from.
RR 1 : 2.69
RR 2 : 2.95
RR 3 : 4.82
N.B.: This is not financial advice. Trade safely and with caution.
US30 Bearish M-Pattern Setup for Next Week Overview: Potential M-Pattern (Double Top) Formation
Analyzing the US30 4H chart, we might see a bearish M-pattern develop next week.
Here’s why:
🔹 Price Action: Rejection near the 0.786 - 0.886 Fibonacci zone suggests a potential reversal.
🔹 Bollinger Bands 📊: Price hit the upper band and is contracting, signaling a potential downside move.
🔹 RSI 📉: Falling from overbought and heading toward 40, confirming bearish momentum.
🔹 MACD ⚡: Bearish crossover happening, with the histogram turning red—momentum is shifting down.
🔹 Fundamental Catalyst: Next week’s economic events:
CPI Data (Tuesday) 🏦
Retail Sales (Thursday) 🛍️
Unemployment Claims (Thursday) 📊If inflation remains high, the Fed could maintain a hawkish stance, further weighing on US30.
🔥 Bearish Trade Plan 🔥
🔢 Entry Zone: 44,600 - 44,750 (Watch for rejection)
🔢 Confirmation:
✅ Bearish engulfing candle 🔥
✅ RSI below 50
✅ MACD maintaining bearish momentum🎯 Take Profit Levels:
TP1: 44,350 (0.618 Fib Level)
TP2: 43,950 (0.5 Fib Level)
TP3: 43,075 (0.382 Fib Level - Strong Demand Zone)
🚨 Stop Loss: Above 44,900 to protect against false breakouts ⚠
💸 Risk-Reward: Aim for 1:2 or better
Final Thoughts 🤔
If the M-pattern plays out, expect a bearish move next week. However, CPI data will be a key factor—stay flexible and manage risk!
🚀 Trade smart & stay disciplined! 🚀
Do not risk more than 1% of your account.
Comment your thoughts and follow for more cool ideas
Regards,
Nozuk
#US30 #Trading #PriceAction #TechnicalAnalysis #Forex #Indices #Nozuk
US30 SELL ANALYSIS SMART MONEY CONCEPT Here on U30 price form a supply around zone level of 44987.54 which is likely to continue moving down so trader should go for down with expect profit target of 43652.46 and 42325.72 . Use money management
Dow Jones Wave Analysis – 7 February 2025
- Dow Jones reversed from the resistance level 45000.00
- Likely to fall to support level 44000.00
Dow Jones index recently reversed down from the strong resistance level 45000.00 (which has been reversing the price from November) coinciding with the upper daily Bollinger Band
The downward reversal from the resistance level 45000.00 created the daily Japanese candlesticks reversal pattern Dark Cloud Cover after the index created Bearish Engulfing at the end of January.
Given the strength of the resistance level 45000.00 and the overbought daily Stochastic, Dow Jones index can be expected to fall to the next support level 44000.00 (low of the previous correction (2)).
US30 Fell for an intraday Short opportunityUS30 failed to rally and corrected some more to provide a nice intraday short.
US30 PRICE ANALYSIS Price has been moving in a rising channel and currently, it’s finding resistance at the middle line and a price level of 44968.9 technically, we may likely see Price fall back to the lower channel support level.
US30 - Potentail buy | wait on confirmationUS30 Trading Strategy 🚀📊
📌 Market Overview
🔹 Price Action: Hovering near Fib 0.5 (44,805.5) & Fib 0.618 (44,861.2) – critical resistance zone.
🔹 RSI (51.88): Neutral ⚖️ – not overbought, not oversold.
🔹 MACD: Histogram turning green 📈 – possible bullish momentum, but no strong confirmation yet.
🔹 Bollinger Bands: Price near the mid-band 📊 – no extreme conditions.
🟩 BUY Setup (If Price Breaks Resistance & Retests)
✅ Break & close above 44,980 = Bullish confirmation.
✅ Wait for a retest at 44,805 or 44,861.
✅ Buy Entry: After price holds above resistance.
✅ Stop Loss (SL): Below 44,750 ❌.
✅ Take Profit (TP):
🎯 First target: 45,070.
🎯 Second target: 45,200+ 🚀.
✅ RR: 1:2 or better for solid risk management.
Do not risk more than 1% of your account.
Comment and follow for more cool Ideas
Nozuk,
US30 Potential Sell - Wait for confirmation US30 Trading Strategy 🚀📊
📌 Market Overview
🔹 Price Action: Hovering near Fib 0.5 (44,805.5) & Fib 0.618 (44,861.2) – critical resistance zone.
🔹 RSI (51.88): Neutral ⚖️ – not overbought, not oversold.
🔹 MACD: Histogram turning green 📈 – possible bullish momentum, but no strong confirmation yet.
🔹 Bollinger Bands: Price near the mid-band 📊 – no extreme conditions.
🟥 SELL Setup (If Price Rejects Resistance)
🔻 Wait for a bearish rejection at 44,805 - 44,980 (wicks, engulfing candles).
🔻 Sell Entry: Below 44,805 after confirmation.
🔻 Stop Loss (SL): Above 44,980 ❌.
🔻 Take Profit (TP):
🎯 First target: 44,680 (lower Bollinger Band).
🎯 Second target: 44,480 (Fib 0.886).
🔻 Risk-to-Reward (RR): 1:2 or better ✅.
Risk no more than 1% of your account.
Comment your thoughts and follow for more cool ideas.
Nozuk,
Dow Jones Potential UpsidesHey Traders, in today's trading session we are monitoring US30 for a buying opportunity around 44500 zone, US30 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 44500 support and resistance area.
Trade safe, Joe.
Pre-News & Pre-Market Open Analysis: US30 Great morning to you all!
Pre-News & Pre-Market Open Analysis:
Key Levels to Watch:
Identify confluences between your weekly (green), hourly (blue), and 15-minute (yellow) Fib levels.
Look for areas where multiple levels align—these are strong reaction zones.
Identify strong support/resistance levels from previous highs and lows.
News Event Considerations (7:30 AM CT):
Volatility will increase near the release.
Expect potential liquidity grabs before the real move happens.
Consider waiting for the first reaction before entering any trades.
Indicators Check:
RSI: Currently at ~53, suggesting neutral momentum—watch for overbought/oversold zones.
MACD: Looks like it's slightly negative, suggesting a pullback or weak momentum. If it starts crossing bullish, that could indicate a potential reversal.
Bollinger Bands: Price is near the upper band—watch for a potential retracement if momentum weakens.
Game Plan:
Before the News:
Mark potential trade setups based on your fib confluences.
Avoid early entries—let the market show its direction first.
After the News Release:
If price spikes into a key level (like a strong fib resistance/support), wait for confirmation (e.g., candlestick pattern or RSI divergence).
If market trends strongly after the release, look for pullbacks to enter in the direction of momentum.
Based on your chart and the Fibonacci retracements, here’s how we can mark potential trade zones:
Key Trade Zones to Watch:
1. Resistance Zones (Potential Sell Areas)
Around 45,000 - 45,085:
This aligns with a previous high and is near the weekly fib 0.786 - 0.886 zone.
If price spikes here after news, look for rejection signs (e.g., wicks, RSI divergence, or MACD weakening).
44,810 - 44,850 (Mid-range Resistance):
Overlap of 1H fib 0.618 level and the EMA zone.
If price rejects from this level before the news, it could indicate a weaker bullish push.
2. Support Zones (Potential Buy Areas)
44,574 - 44,483 (Major Support Zone):
1H Fib 0.618 + Weekly Fib 0.382 confluence.
If price drops here after the news, watch for bullish confirmations (strong candle closes, RSI oversold).
44,380 - 44,250 (Deep Pullback Buy Zone):
1H Fib 0.786 - 0.886 level and aligns with past consolidation.
If news causes a liquidity sweep, this could be a strong reversal area.
Trading Approach:
Pre-News:
No aggressive entries; observe price reaction to key levels.
During News:
Expect liquidity grabs and fakeouts before a real trend is set.
Post-News:
If price rejects from resistance → Look for sell setups.
If price drops to strong support zones and holds → Look for buy setups.
Kepp in mind this is just. a pre-market analisys, onces the news have passed we will have a better understanding of what the market can head towares too!
comment your thoughts down bellow.
Follow for more.
Regards,
Nozuk
It's over for DOW JONES?#dowjones #DJI index has been forming a bearish double top and the first hard declination from this levels will probably confirm the trend reversal of DJ:DJI .Take care.
