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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
US30 Big Selling Pressure on the wayHello Traders what's do think about US30 given suggestion in comments. The observation US30 Donald Trump return to office as the 47thPresident of United states that could pressure on the US30 to move downward a selling trend. if you believe there will be downtrend pressure on US30 You may Eye on Target it could be useful to track market reaction or other Trumps policy and also related news in the Day if the price will Break from our levels then Next near support 42,050.00. if you like this analysis please support my work like and fallow thanks for Love.
BLACKBULL:US30Short
by FxJennefir
Moustafa! US 30 towards 43320* Broke the downtrend line on the 1h and 4h time frames * It is absolutely ok still to go bullish as long it is above the purple uptrend line and under the yellow uptrend line which was broken before. Note: My ideas are exclusive to myself only and is not regarded as an advice for traders or investors and are not more than personal thoughts which I just wanted to share with you all and I do hope they could help. I am not selling any signals and I do not take money favour any trades recommendations. They are free of charge all lifelong but I keep the copy rights of them though to not be copied or shared or sold.
FX:US30Long
by moustafa_marei
5
US30 - 15 min ( Best Buy & Sell Scalping After Break Out ) Analysis of Key Levels in US30 on the 15-Minute Time Frame The evaluation of financial markets, particularly the US30 index, necessitates a meticulous examination of key levels that influence market movements. A recent analysis identified pivotal breakout points on the 15-minute time frame, which could serve as essential indicators for traders looking to capitalize on potential price movements. The bullish scenario has been established following a breakout at the key level of 42540 points, accompanied by high trading volume. Such a surge suggests a robust buying sentiment among market participants, indicating the potential for upward continuation. The presence of significant volume at this breakout point reinforces the likelihood of a sustained bullish trend, emphasizing the importance of monitoring price action closely during subsequent trading sessions. Conversely, a bearish outlook has emerged from a breakout at the key level of 42320 points, also characterized by high volume. This breakdown signals a shift in market sentiment towards selling, presenting potential opportunities for traders who prefer to capitalize on downward movements. The implications of this bearish breakout are critical, as they may foreshadow further declines in the US30 index, prompting a reassessment of existing trading strategies. In conclusion, the US30 index presents clear breakout levels that traders should closely monitor: the bullish breakout at 42540 points and the bearish breakout at 42320 points, both coupled with high trading volume. This analysis underscores the necessity of precision and caution in trading decisions, focusing on accurate opportunities rather than merely numerical data. By adhering to these key levels, traders can better align themselves with market dynamics, enhancing their potential for success. ⚡️US30 / FXCM Best Break Our / Key level's 15m Tf 🚨 Bullish After Break Out key level + High Volume / 42540 Point 🚨 Bearish After Break Out key level + High Volume / 42320 Point ⚡️ We Only Sent Most Accurate Opportunity and Analysis 💲 Not by Number ..+
FX:US30
by GentleGoldenEngine
US30 DOW JONES TRADE IDEAThe Dow Jones Industrial Average chart displays a clear upward trend since 2020, characterized by higher highs and higher lows. An ascending channel pattern has formed, with the price currently trading within its boundaries. Key resistance levels are observed at 45,124.0, 44,820.6, and 43,388.8, forming potential supply zones where selling pressure has previously been observed. Key support levels are seen at 41,684.4, 40,084.1, and 38,581.4, forming potential demand zones where buying support has previously been observed. Given the prevailing uptrend and the ascending channel, a long trade could be considered. A long entry could be triggered upon a break above the upper trendline of the channel or a retest of a demand zone. A stop-loss order should be placed below the recent swing low or the 42,000.0 level. The profit target could be set at the 45,124.0 resistance level or the upper boundary of a supply zone. It is crucial to conduct thorough research, consult with a financial advisor, and implement proper risk management strategies before entering any trade.
SKILLING:US30Long
by karabompesi
US30 I Bullish continuation but opportunity for pullbackWelcome back! Let me know your thoughts in the comments! ** US30 Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
CAPITALCOM:US30Long
by BKTradingAcademy
USA30 Hi traders is mpho again,I understand the delay in us30 the pull back was massive and aslo breakdowns unexpected it does happen in trading and it's normal market,move like that but without proper selling confirmations we stick to the trend but we do trade responsible n use tight stop looses to protect our capitals,soo let's expect corrections aswell for possible knew highs,let's normalize to remain positive during the hard times n good times not everytime is tea time,have a nice weekend.
PEPPERSTONE:US30Long
by mulaudzimpho
DJI - Testing Key Demand Zone – Potential Buy OpportunityThe DJI is currently trading near a key demand zone. This area aligns with previous price reactions, suggesting that buyers may step in to defend this level. The market structure indicates a potential for a bullish reversal if the demand zone holds and price action confirms support. A successful bounce from this level could lead to a move toward the 42,812.75 level, which represents a logical target for this setup. Traders should monitor for bullish confirmation signals, such as bullish engulfing candles, long lower wicks, or a breakout above short-term resistance. This setup aligns with the idea of a trend continuation from support and offers a potential opportunity for a long position. What are your thoughts on this analysis? Let me know if you agree with this setup or have alternative insights to share! Feel free to comment below!
TVC:DJILong
by DanieIM
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