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DJ30 trade ideas

Marking the end of Bull rallyCouple months ago, I published my US30 Elliott Wave analysis stating the start of upward move which we saw in the past months. Today, I am publishing the Elliott Wave breakdown of the upward move we have seen in past months which was anticipated in previous idea. Coming to the point, it seems the rally is about to end and the correction is about to start. I am anticipating this correction to be somewhat big according to my Weekly wave count shown in previous chart, but lets see how things go.
EIGHTCAP:US30Short
by syedhamza2135
1
US30: Bearish Momentum with CPI-Driven VolatilityTechnical Analysis The price dropped about more than 500 points as we mentioned previously, and is still under bearish momentum because already broken the bearish correction which is 44410. So as long as trade is below 44270 and 44410 it will drop to touch 43900, on the other hand, we have a CPI effect Today that will be expected with more than the previous result, in this case, will support the bearish movement for indices, especially realizing more than 2.7%. due to the high volatility, we have a bullish correction till 44300 or 44410. Key Levels: Pivot Point: 44270 Resistance Levels: 44410, 44590, 44750 Support Levels: 43900, 43760, 43490 Trend Outlook: Bearish Momentum previous idea:
OANDA:US30USDShort
by SroshMayi
US30 indicating a bullish move. Look for the Bulls TodayUS30 has finally broken the downward trend above the 43500 support line. The US30 gave us an evening star pattern off of the trend line and support area at 43500. This was an indication to go Long. If you are in a short, you will likely have to wait for a pull back to get out of your trade or you can close in a small loss. If you are in a long. Hold it. This may be US30 returning back to 44500 at least. Good Luck to you traders. Comment below for questions and don't forget to boost this if you like the analysis.
OANDA:US30USDLong
by leslyjeanbaptiste
DOW JONES 13-year pattern that never failed eyes $48000.Dow Jones (DJI) gave us the best bullish break-out signal exactly 1 year ago (December 13 2023, see chart below), as our buy entry at 36577 hit our 42900 long-term Target last October: At that time we made a clear point why that rally 'shouldn't surprise you' and it is because of this pattern's consistency for so many years. This 1W time-frame chart shows the cyclical behavior of the index, which peaks (Sine Wave top), then pulls back and starts forming a Rising Wedge (Sine Wave bottom) and when it breaks above the Rising Wedge, is where it flashed the bullish break-out signal we got a year ago. As you can see it then starts a gradual rise on the BB20 and completes the Cycle again (Sine Wave top) after roughly a +47% rally. The title mentions that this pattern 'never failed', practically it only broke during the COVID flash crash, which was a non-technical event than occurs once every 100 years. As you can see even the 1W MACD sequences between the cyclical patterns are identical. As a result, our Target towards the Sine Wave peak is 48000. If this is achieved in Q2 2025, based on Dow's current Channel Up (dashed), then we expect the index to remain on those high levels but turn more neutral sideways towards the end of 2025 and then eventual start of the new Bear Phase. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DJILong
by TradingShot
3.5% Decline on The Dow Jones 30 But Is This Unusual?Looking at the trend structure over the last 8 months, we can see a pattern play out. Since April, pullbacks of between 3.5% and 7% have been part and parcel of the Dow Jones’s trend structure. (highlighted in red) The current pullback of 3.5% falls within this range. Note also how our trend filter remains mostly green and grey, with speckles of red, since April, in line with the long-term bull trend. The index has now fallen to the d50sma (orange line), where we want to see it find support, bounce, break out and continue its climb to 50,000, as it has done since April. The Dow Jones is also a good example of how trend structures can change despite no change in direction. October to March saw a much faster trend, using the d20sma (blue line) as support, eventually breaking through in April and leading to a change in trend structure. The Dow Jones is currently lagging behind the Nasdaq 100, which is setting record highs above 20,000 for the first time, and the S&P 500, which has settled into a mini consolidation above the 6000 level. We ideally want to see Santa deliver in the final 2 weeks of December. However, if the indices and stocks don't show new trend continuations through the rest of 2024, we want them to hold within consolidation, which will act a bases for trends in the New Year. If you enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment. :0) See below for more information on our trading and trend-following techniques. As always, keep it simple, keep it Sublime.
DJ:DJILong
by Sublime_Trading
US Index (US30) – Daily Time Frame AnalysisUS Index (US30) – Daily Time Frame Analysis Overview: Today, let’s analyze the US Index (US30) on the daily time frame. Over the past several days, spanning more than a week, the trend has been distinctly bearish. Key Observation: The price is now nearing a significant key level in the range of 43,200–43,300. This area could act as a strong support zone, offering a potential opportunity for a long trade. Trade Idea: Entry Zone: 43,200–43,300 Monitor this range closely. Look for bullish confirmation signals, such as wick rejections, bullish engulfing candles, or other reversal patterns before entering a trade. Potential Target: If the setup aligns, the trade could aim for the previous week’s high. Keep in mind this move could take up to a week to materialize, but the potential gain from this trade could be significant. Important Reminders: Wait for Confirmation: Ensure a clear rejection or reaction at the key level before executing the trade. Focus on Risk Management: Safeguarding your capital is crucial. Avoid impulsive or revenge trading. Be Patient: Allow the trade to develop at its own pace; rushing can lead to mistakes. Trading is Reactive, Not Predictive: Respond to price action as it unfolds rather than trying to forecast the future.
ICMARKETS:US30Long
by KainT21
Why is Dow Jones on a losing streak?The Dow Jones Industrial Average (DJIA) (Ticker AT: USAIND) recently experienced its longest negative streak since 2018, racking up eight consecutive sessions of declines. This downtrend began on December 4, when the index closed above 45,000 points for the first time in history. Since then, it has shown a downward trend, reflecting the volatility and fluctuations of the market in the current period. During this period, the DJIA has shown a downward trend, while other indexes such as the Nasdaq have experienced increases, reaching new all-time highs. For example, the Nasdaq rose 1.24% and closed at new all-time highs, while the S&P 500 advanced 0.38%. However, these positive closes were the result of the strong performance of a few stocks, such as Alphabet, Apple and Tesla, which set new all-time highs. The recent drop in the Dow Jones Industrial Average (DJIA), is due to several factors that have generated uncertainty in the markets. Here are the main reasons behind this behavior: 1. Interest Rate Concerns 2. • The persistence of high interest rates by the Federal Reserve (Fed) to combat inflation continues to negatively affect sensitive sectors, such as real estate and industrials. • Investors fear that these rates could be prolonged, limiting economic growth. 2.Recession Fears • Mixed economic data, such as a slowdown in consumer spending and industrial production, have fueled concerns about a possible recession in 2024. • Although the labor market remains strong, other indicators, such as the manufacturing index, reflect weakness. 3. Impact of the Industrial Sector • Given that the DJIA is largely comprised of industrial and consumer goods companies, any weakness in these sectors directly impacts its performance. • Key companies in the index, such as Boeing and Caterpillar, have suffered setbacks due to global uncertainty. 4. Strength of the dollar • The strengthening of the dollar against other currencies negatively affects DJIA companies with high international exposure, reducing the competitiveness of their products abroad. 5. Rotation to Other Indices • Investors are favoring indices more exposed to the technology sector, such as the Nasdaq, which has had a positive performance thanks to the momentum of artificial intelligence and other technological advances. 6. Geopolitical Tensions • Uncertainties in the Middle East, as well as trade tensions between the U.S. and China, have increased risk aversion, especially affecting global companies in the DJIA. On the technical side, the index has had several bearish days that are reaching its last support zone near 43,300 points. If this zone is pierced, it could evolve towards the checkpoint near 42,100 points. On the other hand, the index is currently oversold at 41.72% and its mid-range crosses do not indicate a change in direction. If we look at the MACD if there has been a turn of the trend of the average of 12 crossing below the average of 26, which shows that in the short term this situation does not seem to have changed. It is important to note that the DJIA is a price-weighted index, which means that higher-priced stocks have a more significant impact on its movement. Therefore, fluctuations in the prices of high-value stocks can significantly influence the index's performance. For investors and analysts, this negative streak in the DJIA underscores the importance of monitoring market trends and considering factors such as index composition, global economic conditions and monetary policies that can influence stock index performance. Ion Jauregui - Analyst ActivTrades ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
ACTIVTRADES:USAIND
by ActivTrades
US30 Will Go Lower! Sell! Here is our detailed technical review for US30. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 43,616.98. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 43,408.72 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
EIGHTCAP:US30Short
by SignalProvider
1
US30 Maybe Rallying for a reversal to begin a Bullish TrendUS30 rejected the 43300 support and is now above the weaker support of 43500. For potential longs, look for price to retest the upper support of 43500 for a buy opportunity or for price to indicate a buy but to wick out on the trend line only to fall again. For shorts look for price to fall bellow the current support line and retest it or for price to retest the upper area of the trend line. Make sure to send me any comments or questions>
OANDA:US30USDShort
by leslyjeanbaptiste
1