Weekly Forex Outlook Sun.Dec.22.2024 - Fri.Dec.27.2024Like and Comments would be appreciated :D Not Financial Advice, Just my outlook/opinion
US30 trade ideas
trend dji#dji
Will the Dow Jones reach its previous ceiling?
Support range 43200 and 42300
43700 and 44450 resistance ranges
With the high stabilization of the resistance of 43700, we can hope for the rise of the price ceiling.
Ascending wedges in DJI vs BTC topsJust a comparison of ascending wedges in DJI and the tops of BTC runs. Not saying we are at the top of this run... but just something to look at as a possible sign if broken.
DOW JONES What signals the top of this Cycle?Dow Jones (DJI) has been on a highly systematic pattern ever since the 2009 bottom of the U.S. Housing Crisis and this chart on the 3W time-frame depicts very accurately the symmetrical nature of the Cycles that the index is going through in the past 15 years.
As you see, ever since the October 2011 bounce on both the 3W MA50 (blue trend-line) and 3W MA200 (orange trend-line), Dow started a hyper aggressive Bull Cycle, which after making a Top on each phase, it broke below the 3W MA50 to become a buy opportunity again but has never yet broken below the 3W MA200.
So far we have completed three such phases and we are currently on the 4th. In the three that have already been completed, the Top of the Phase was signaled by the RSI. At a certain point that it broke above the 70.00 overbought barrier, it started a Channel Down comprised of 4 legs (a through d). On the (d) leg, it gave a signal that Dow had (or is very close to) topped. That was the ultimate long-term Sell Signal. Similarly, when the index broke below its MA50 and the RSI double bottomed, it has been the ultimate signal to buy.
Right now it appears that the RSI has completed Leg (a) and is starting the rise to Leg (b) of its newly emerged Channel Down. That means that the market has around another 12 months before it Tops again.
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US30/USD 4H ChartOur Preferance
The index shows signs of weakness amid ongoing market uncertainties and potential macroeconomic headwinds. Price has retested resistance at 43,780, forming a bearish rejection. A support area has been identified at 41,708. Potential short setup with SL above 43,780 and TP1 at 42,753, TP2 at the support level. Monitor key economic data releases for further confirmation.
Note: This analysis is for educational purposes and not trading advice. Consider market conditions and strategies.
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US30 BULLISH SWING IDEA So US30 hit a beautiful double bottom creating a 4HR Divergence pushing price back up 1st breaking a 1hr trendline propelling it all the way back up from the news drop now we’re slowly making higher lows looking like we will break to the upside BUT keep in mind Bearish scenario #2 (drawn in RED) is possible since we still are under the daily/weekly trendline/resistance level in Bearish territory UNTIL we break 43.400 to the upside.. if that happens expect a beautiful Bullish Rally going into January.. May the markets be on our side !!
US30 Potential UpsidesHey Traders, in today's trading session we are monitoring US30 for a buying opportunity around 43,000 zone, USOIL is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 43,000 support and resistance area.
Trade safe, Joe.
uptrendIt is expected that the continuation of the upward trend will form until the specified resistance levels. Then there is a possibility of a trend change
US30 4HIt is expected that the price will move towards the middle range after hitting the upper resistance and then again move towards the lower target.
I also expect that after hitting the lower range, the price will change direction upwards; however, I will wait to see if an engulfing pattern occurs or not.
US 30 Came out of Consolidation to Give a Bullish MoveUS30 made a bullish move after hours of consolidation. Price is currently between supports at 43300 and 43100. This area could elicit some additional consolidation but will likely continue bullish until. 43700 and then will likely correct again at that level.
Look for price to push up the remainder of the day.
Bullish possibility YM may likely break the green trendline with the motive to go towards the top. However, failure to break the trendline to the upwards may mean bearish continuation.
US30 King of Pips Strategy Overview
The King of Pips strategy is a technical analysis-based trading approach focusing on identifying trend reversals and continuations. This strategy combines multiple indicators and chart patterns to gauge market sentiment and predict price movements.
Bull Forecast for US30
Based on the King of Pips strategy, we anticipate a bull outlook for US30:
Bull Candlestick Patterns
Trading Plan
1. Entry: Bull US30 at $42,908
2. Stop-Loss: $42,684
3. Take-Profit 1: $43,010
4. Take-Profit 2: $43,112
5. *Position Sizing*: 2% of account balance.
Please note that this forecast and strategy are hypothetical and not investment advice. Trading carries risks, and you should consult your financial advisor before making decisions.
DJIDOW JONES - US 30
Demand Zone
Bullish Channel as an corrective pattern in Short Time Frame with the Breakout of Lower Trend Line
Break of Structure and Retracement
Change of Characteristics
Fibonacci Level - 23.80%
DJIA H4 | Potential bearish reversalDJIA (US30) is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 43,058.41 which is an overlap resistance that aligns close to a 38.2% Fibonacci retracement.
Stop loss is at 43,850.00 which is a level that sits above the 50.0% Fibonacci retracement and a pullback resistance.
Take profit is at 42,139.85 which is a swing-low support.
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US30USDUS30USD Based on Technical and Fundamental Analysis
The chart shows a clear rejection from the resistance zone at 44,500, confirmed by a bearish candlestick pattern (highlighted in orange).
This aligns with weakening market sentiment and the potential for continued downside movement.
A short entry is justified below the 43,200 level, targeting TP1 at 42,000 and TP2 at 41,600, as marked on the chart.
Keep an eye on macroeconomic data or geopolitical factors that may further strengthen the bearish trend.
Risk management is crucial—set a stop loss above the key resistance zone
Note: This analysis is for educational purposes and not trading advice. Consider market conditions and strategies.
Please do not forget the like button, Share it with your friends,thanks, and Trade safe.
US30 SELL to trend line idea *I am in no way a financial advisor and you should always do your own due diligence before placing any trade. Do not trade what you are not comfortable with losing. No trade is guaranteed.
US30 Technical Analysis: Key Levels and Trend ScenariosTechnical Analysis
The price currently shows bearish momentum toward 42900 and 42770, after which it is expected to consolidate between 42900 and 43170 until a breakout occurs.
However, as long as the price trades below 43200 and 43350, the downward trend remains intact. To enter a bullish zone, the price must break above this range by closing a 4-hour candle above 43350.
Key Levels:
Pivot Point: 43060
Resistance Levels: 43160, 43350, 43650
Support Levels: 42770, 42580, 42390
Trend Outlook:
Bullish Momentum: Stabilized above 43350
Bearish Momentum: Stability below 42900
Consolidation: Between 42900 and 43160
Multitimeframe showing Risk/Reward ratio from current levelsThe chart shows daily timeframe on left side and hourly time frame on the right side.
The indicator added shows multi timeframe trends and EMA8 on the same chart.
Multi timeframe includes
1. daily trend/DT, daily ema/DE(in red)
2. Weekly trend/WT, Weekly ema/WE(in green)
3. Monthly trend/MT, monthly ema/ME(in blue).
The price has recently moved close to ME , which is same as previous month low(PML) in this case and the hourly chart shows green trend has already started and looking in hocky stick pattern.
At the current levels, I see a good risk reward ration of 1:3. Entering the market at this level will result in positive returns in most of the stocks. However, it would be prudent to choose uptrending stocks for entry for better returns than the sideways moving stocks.
Stay tuned for more valuable inputs to buy low and sell high to stay profitable.
US30 Bearish King of Pips strategy and a bearish forecast for US30:
Strategy Overview
The King of Pips strategy is a technical analysis-based trading approach focusing on identifying trend reversals and continuations. This strategy combines multiple indicators and chart patterns to gauge market sentiment and predict price movements.
Key Components
Entry and Exit Points : Utilize candlestick patterns (e.g., hammer, shooting star) and indicator divergences.
Risk Management : Set stop-loss orders and position sizing.
Bearish Forecast for US30
Based on the King of Pips strategy, we anticipate a bearish outlook for US30:
Trading Plan
1. *Entry*: Short US30 at $42,588.
2. *Stop-Loss*: $42,767.
3. *Take-Profit 1*: $42,506.
4. *Take-Profit 2*: $42,425
4. *Position Sizing*: 2% of account balance.
Please note that this forecast and strategy are hypothetical and not investment advice. Trading carries risks, and you should consult your financial advisor before making decisions.
US30 - Sell Limit Opportunity After Liquidity GrabThe US30 index has reached a key liquidity zone above resistance, setting up a compelling sell limit opportunity. This price action suggests the market has cleared stop-losses and may be primed for a bearish reversal.
Key Observations:
Liquidity Sweep: The price spiked above a critical resistance level, triggering stop-losses and trapping breakout buyers.
Market Structure: Emerging bearish signals, including rejection candles and a loss of bullish momentum, indicate potential downside movement.
Optimal Entry: A sell limit at aligns with the liquidity grab and the anticipated reversal zone.
Trade Plan:
Entry: Sell limit at , expecting a move downward from the liquidity zone.
Stop Loss: Above the liquidity sweep to protect against false breakouts.
Take Profit: Targeting support levels around for a strong risk-reward ratio.
Risk Management:
This setup capitalizes on a classic liquidity grab, but strict adherence to risk management and position sizing is vital. Monitor price action closely for additional confirmation of bearish momentum.
DJI Hits Weekly Support: What's Next? - Market Breadth AnalysisThe DJI has recently declined as previously predicted and has now completed a CHoCH (Change of Character), signaling a bearish trend. The index has reached a significant weekly support zone around the 42,500 level (🟩 marked by the green box).
So, what’s next? 🤔
Looking at the H1 chart, we notice some interesting market breadth outlook:
- US30 Market Breadth EMA20 Indicator:
The EMA histogram has shifted from 🟩 green to 🟨 yellow, indicating an increasing number of stocks with strong bullish momentum.
However, the height of the histogram (yellow) bars 📉 is decreasing, suggesting that the overall number of stocks with strong bullish momentum is also diminishing.
- Market Breadth MACD Indicator:
The 🔴 red line (representing strongly bearish stocks) is clearly declining, showing a reduction in the number of stocks with strong downward momentum.
Meanwhile, the 🔵 blue line is increasing significantly, suggesting that many stocks are reversing upward even within a bearish momentum.
The 🟢 green line, which represents strongly bullish stocks, is climbing but still lacks the strength to signal a decisive shift. A significant breakout would require the green line to rise further, confirming a stronger bullish momentum across a larger number of stocks.
- Market Breadth EMA Alignment:
The 🔴 red line crossed above the 🟢 green line quite some time ago and continues to widen. This suggests that a bullish crossover (green crossing above red) is unlikely in the near term. A confirmed bullish signal would require the green line to overtake the red line again.
- Summary:
While there are early signs of potential reversal, the bullish momentum is not yet strong enough to suggest a significant upward breakout. It’s crucial to monitor whether the 🟢 green line in the MACD and US30 Market Breadth EMA20 indicators can rise substantially, indicating a larger number of stocks gaining solid bullish momentum.
⚠️ Until then, the uptrend remains weak, and caution is warranted. While DJI might retest previous highs, breaking past those highs to form new all-time highs seems challenging at this point.
Strategy: Given the current conditions, it might be more advantageous to look for shorting opportunities. 📉
uptrendThe uptrend is expected to continue to the specified resistance levels. Then, considering the behavior of the index in the resistance range, possible scenarios have been identified
