US30 Approaching Key Support Zone โ Potential Reversal Ahead?๐ Chart Overview:
Timeframe: Looks like an intraday (maybe 1H or 2H).
Indicators:
EMA 50 (Red): 38,964.7
EMA 200 (Blue): 39,637.0
๐ Key Levels & Structure:
๐ต Support Zone (Highlighted):
Around 36,800 โ 37,200 range.
This is a well-tested support level where price previously bounced.
Current pr
US30 sellI believe US30 is heading lower for numerous reasons:
- It is really hard to deduce anything from price action on the 3 month and monthly timeframe.
- However, price on the weekly did hit a major liquidity level at 37,250 and rejected it with a lot of bullish orders.
- 40,750 is a liquidity level t
DOW JONES New long-term bottom being formed on the 1W MA200.Dow Jones (DJI) hasn't yet broken above its 1D MA50 (blue trend-line) following the April 07 Low, but is nonetheless consolidating and holding the 1W MA200 (red trend-line), which hasn't broken as Support since October 17 2022.
That was a few days after the bottom of the 2022 Inflation Crisis was f
US30: Potential Bullish BreakoutUS30: Potential Bullish Breakout
US30 hit a low of 36,500 on April 7th. Since then, the price has been climbing steadily, forming a triangle pattern.
While a breakout could happen in either direction, Iโm focusing on the bullish potential.
If US30 breaks above the triangle pattern, a strong upwa
US30 Approaching Key ResistanceโPotential Reversal Setup in Play๐ง Chart Overview
Asset: US30 (likely the Dow Jones Industrial Average)
Timeframe: Appears to be 1H or 2H
Indicators:
EMA 50 (Red): 40,119.5
EMA 200 (Blue): 39,897.3
Price at time of chart: Around 40,503
๐ Key Technical Levels
๐ด Resistance Zone
Range: ~40,750 to 40,850
Price has tested this l
See all ideasย
Displays a symbol's price movements over previous years to identify recurring trends.
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๏ปฟFrequently Asked Questions
๏ปฟDow Jones Industrial Average Index reached its highest quote on Dec 4, 2024 โ 45,091.30ย USD. See more data on the Dow Jones Industrial Average Index chart.
The lowest ever quote of Dow Jones Industrial Average Index is 579.94ย USD. It was reached on Dec 10, 1974. See more data on the Dow Jones Industrial Average Index chart.
Dow Jones Industrial Average Index is just a number that lets you track performance of the instruments comprising the index, so you can't invest in it directly. But you can buy Dow Jones Industrial Average Index futures or funds or invest in its components.