US30 - Short tern bearish moveBased on confluences, US30 may have a potential short-term bearish move before the bullish move taking profit at fib level -27. This is not financial advice. Trade at your own risk.
WS30M trade ideas
US30 Long: Bullish Outlook with Higher Targets Ahead Long Position on US30 – Targeting 43,680
1. Uptrend Confirmation
- US30 is forming higher highs and higher lows, confirming a strong bullish trend.
- A breakout above recent resistance levels suggests continued upside momentum.
2. Moving Averages Support
- The price is trading above the 50-day and 200-day moving averages, reinforcing bullish sentiment.
- A potential golden cross (50 MA crossing above 200 MA) could further support upward movement.
3. Key Support and Resistance Levels
- The index has bounced off a strong support zone, indicating buyers stepping in.
- A confirmed breakout above resistance suggests an upward push toward the 43,680 target.
4. Momentum & RSI Confirmation
- RSI remains above 50, showing bullish strength without being overbought.
- A bullish divergence in RSI and price action supports further upside.
5. Volume & Market Participation
- Increasing buying volume on rallies confirms strong bullish momentum.
- Weak selling volume during pullbacks indicates a lack of downside pressure.
6. Fibonacci & Technical Targets
- The 43,680 target aligns with Fibonacci extension levels, making it a realistic price objective.
- If momentum continues, additional upside levels may be tested beyond this zone.
possibility of uptrendIt is expected that after some fluctuation and correction, a trend change will form and we will see the beginning of the upward trend. If the previous low is broken, the continuation of the downward trend is likely.
US30 LongTarget at 45,273 have still not been met.
Price has kept collecting orders at in order to reach that target.
Two weeks ago we saw price tank heavily in an attempt to collect orders at an liquidity region.
This region seems to be at 43,100 daily liquidity level.
Price hit that daily level and then we saw a sudden surge of buy momentum, indicating that price is going high.
Price has broken structure on the daily and 4 hour timeframes, indicating that price will continue going upwards.
Due to the monthly and weekly candlestick closures, I can tell that price is due to retrace lower before going upwards.
I expect price to retrace lower forming an obvious liquidity region before I buy.
US30 Potential Buys us30 is accumulating on the 1H, keep an eye out for buying opportunities this week.
$US30 03/03 UPDATES.Busted out last time trying to short.
Pinpoint spotting on $43,496.52 mentioned on Friday.
Handle to watch here.
$44,134/180.
Stops by default automatically sits at $44,500
Until we get some closures that can confirm to tighten things up…
Rejections will send this thing straight into $43k which was the initial goal with lower end potentials of $42,500s.
LFG 🏦
BULLISH MOVEMENTUS30 has a (W) FORMATION that is in play currently. playing around 43758 that is a retest before the move upwards all the way to 44714.83 to complete the (W) formation.
N/B:
Its NFP week, SO BE CAREFUL
US30 *Possible short term sell.Daily chart analysis* Market in an Up trend, at price 45,040.38 had made a double top, that was the highest price historically. Currently is retracing at 43,327.36 zone, waiting on a 4 hour/1 hour timeframe if price is going to break or retest that zone for a possible short term sell from the retracement zone to the trend line and support zone at 41,741.22.
Future Possible buy zone at 41,741.22 or sell if support zone and trend line is broken and retested.
Bull To ResumeFriday's action saw a solid rally and pivot, fuelled by shorts covering.
Expect a rally from Friday's low to continue for a few weeks at least, a possible ascending triangle in the making, any breach of Friday's low would suggest the top is in and a bear market in the making.
Gold was hammered last week, that is good news for those eager to buy either leveraged positions or the physical.
We are in a wave 5 up, only wave 1 up just completed, wave two down can find support around the 2790-2800 area, forget about the 3000 level, that's the mainstream narrative..look upwards to 3300-3500!
Australian prices have hardly moved, still $4600, we expect $10,000 at some point, a target dismissed by many a few years ago.
Appreciate a thumbs up, good trading and God Bless you all!
Dow Oversold reversal, The Week Ahead 03rd March '25The Dow Jones Industrial Average (US30) index maintains a bullish outlook within its long-term uptrend. However, after reaching an all-time high on December 4, 2024, price action has entered a sideways consolidation phase, suggesting indecision in the market.
________________________________________
Bullish Scenario:
• The 42980 level serves as a critical support zone, aligning with the previous consolidation range and the rising trendline.
• A pullback to this level, followed by a bullish rebound, would reaffirm the uptrend and could trigger upside momentum.
• Potential upside targets include:
44240 (20-day moving average)
44660 (next resistance level)
45000 (key psychological resistance)
A strong recovery from 42980 would reinforce bullish sentiment and indicate a continuation of the broader uptrend.
________________________________________
Bearish Scenario:
• A confirmed break below 42980, with a daily close beneath this level, would signal weakness in the uptrend.
• This could lead to a deeper retracement, exposing key downside levels:
42520 (next significant support)
41920 (200-day moving average), a critical level for long-term trend validation
A sustained breakdown below 42980 could shift sentiment in favour of sellers, increasing the probability of further declines.
________________________________________
Market Outlook:
The 42980 level remains pivotal—holding above this zone will keep the bullish trend intact, while a decisive break lower could trigger an extended pullback. Traders should watch for price action signals and volume confirmation at this key level to assess the market's next move.
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.
US30USD - ShortPrice is moving in bearish trend with no bullish divergence.
Entry is at the breakout of LL.
Dow Jones Testing Key Support – Bounce or Crash Ahead?The Dow Jones Industrial Average (DJIA) is currently testing a key rising trendline support, which has been a strong foundation for its uptrend since 2023. Holding this level could signal a continuation of the bullish momentum, while a breakdown may lead to a deeper correction. If the price fails to hold above this trendline, the next significant support lies around 41,000-40,000, a zone that previously acted as resistance and is now a psychological support level. In case of further weakness, the long-term trendline support around 38,000-39,000 could come into play, aligning with the Ichimoku cloud support.
For the bullish scenario to remain valid, DJIA needs to sustain above the rising trendline and reclaim recent highs. However, if sellers gain control and push prices lower, a broader pullback could unfold. Overall, the market remains in an uptrend as long as key support levels hold, but price action in the coming weeks will determine whether the index continues upward or undergoes a deeper correction.
Do like, comment and follow
A POSSIBLE SELL SET UP ON US 30Hey, Traders, be aware that US30 has broken support and is in a downtrend. A retest of the trend line could offer a favorable sell opportunity.
Dow long term uptrend intact The Dow (US30) index price action sentiment appears bullish, supported by the longer-term prevailing uptrend. However, since reaching an all-time high on 04th December 2024 the Dow index price action is consolidating in a sideways trading range.
The key trading level is at 42980, the previous consolidation zone and the rising support trendline. A corrective pullback from the current levels and a bullish bounce back from the 42980 level could target the upside resistance at 43800 followed by the 44080 and 44540 levels over the longer timeframe.
Alternatively, a confirmed loss of 42980 support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 42520 support level followed by 41820 (200 Day Moving Average).
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.
