Weekly Forex Outlook Sun.Oct.13.2024 - Fri.Oct.18.2024Like and Comments would be appreciated :D Not Financial Advice, Just my outlook/opinion
US30 trade ideas
US30 BUY-Market hit 4h and 15min support and seems to be respecting it. (we see 3 touches on 5 min each higher than the other)
-30 minute RSI is currently sitting at 32
-FVG needs to be revisited at 4285 area
- 1 min tm seems to show sellers exhaustion
-I expect a lower high on 15min tm to start forming
- Last but not least, traders intuition tells me its a buy
Possible Buy Trade on US30 / Dow JonesThis is my analysis trade for US30. Weekly is bullish all the way down to 4H for HTF direction.
I will not chase the price instead. I will wait for the pullback for the price to go to my buying zone
for the OB which are showing up from 4H all the way down to 15M timeframe. So for me, this is the best location to buy again for another possible round of bullish action for this market.
I added a trade alert so I will not look at this pair in the week until my alert gets triggered.
Once price goes to my buy zone and I get my alert, that's the time I will go down and find my possible trade entry on lower timeframe so I can have a tighter stop loss and possibly get a better risk reward ratio.
Possible target would be the all time high price as well.
I will update my trade idea here once price goes to my buy zone for my possible entry on the lower timeframe.
DOW JONES Channel Up is turning bearish gradually.Dow Jones is trading inside a Channel Up and is currently very close to its top.
So far the bullish wave is a +8.03% from the last Low.
The previous bullish wave topped after a +8.33% rise.
Technically the index is very likely to top now or on the next MA50 (4h) rebound.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 42000 (above the 0.5 Fibonacci level, where the last Low was priced).
Tips:
1. The RSI (1d) just crossed below its MA trend line. This was the ultimate sell confirmation (September 3rd) on the previous High.
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Notes:
Past trading plan:
DOW JONES - Potential long !!Hello traders!
‼️ This is my perspective on DOW JONES.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long. I expect price to continue the retracement to fill the imbalance lower and then to reject from OB.
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Dow 30 Tanks! Short Trade Hits First Target – More Downside?The Dow 30 (DJIA) has shown significant bearish momentum, with the short trade reaching Take Profit 1 (TP1) at 42855.11.
Key Levels
Entry: 42975.00 – The short position was entered as the price broke below this level, indicating bearish sentiment.
Stop-Loss (SL): 43072.00 – Placed above recent resistance to protect against a potential price reversal.
Take Profit 1 (TP1): 42855.11 – The first target has already been reached, confirming the downward move.
Take Profit 2 (TP2): 42661.11 – The next target as the bearish trend continues.
Take Profit 3 (TP3): 42467.11 – A further target if selling pressure persists.
Take Profit 4 (TP4): 42347.22 – The ultimate profit target signaling a continued decline.
Trend Analysis
The price has dropped below the Risological Dotted trendline, confirming the strength of the bearish trend. With TP1 already hit, further downside potential is in play, with the price likely to test TP2 and beyond.
The short trade on the Dow 30 has successfully hit its first profit target, with further targets likely if the current bearish trend holds. The strong downward move suggests that TP2 and TP3 could be reached in the near term.
Dow Jones Hits All Targets! Bullish Surge CompletesThe Dow Jones has demonstrated a strong bullish trend, with the long trade reaching and completing all profit targets.
Key Levels
Entry: 42078.17 – The long position was entered as the price broke above this level, confirming bullish sentiment.
Stop-Loss (SL): 41954.95 – Positioned below recent support to manage risk in case of a pullback.
Take Profit 1 (TP1): 42230.47 – The first target was achieved, confirming the continuation of the upward trend.
Take Profit 2 (TP2): 42476.91 – The second target was hit as the bullish momentum continued.
Take Profit 3 (TP3): 42723.35 – Momentum carried the price to the third target.
Take Profit 4 (TP4): 42875.65 – The final profit target was reached, signaling a strong rally.
Trend Analysis
The price is comfortably trading above the Risological Dotted trendline, confirming the strength of the bullish momentum. With all targets hit, the trend continues to reflect a strong upward movement, supported by positive market sentiment.
The long trade on the Dow Jones successfully hit all profit targets, with the final TP4 at 42875.65 marking the end of a highly profitable trade. Strong support from the Risological Dotted trendline and continuous upward momentum suggest that the market is favoring bulls in this period.
Don't be Decived ... US 30 is about to fly to the skyUse a reasonable Lot size and hold it to the top... Simply follow the trend after every retracement .
Enjoy your profit.
US30 Possible moveWe are in a clear uptrend andmarket is retracing before another heavy impulsive move to the upward side
US30 Possible moveWe are in a clear uptrend andmarket is retracing before another heavy impulsive move to the upward side
Bullish bias on US30Price action on Us30 has been on a healthy trend breaking multiple structures to the upside forming HH and HL's Market broke past 42913.0 forming a bullish breaker block. An impulse move occurred to the upside if the market retraces back to the 1H bullish breaker block at 42913 i anticipate continuation of buys at that level and my take profit at 43,176.9
DOW JONES 15 year cheat-sheet that can make you rich!Dow Jones (DJI) is extending what seems a relentless rally since the August 05 Low, which was the most recent short-term correction, but in reality the index has been rallying very aggressively since the October 23 2023 Low.
That was when after a 3-month correction, it found Support above the 1W MA200 (orange trend-line) and 2 weeks later it reclaimed the 1W MA50 (blue trend-line), which has been supporting ever since. So basically the index has been on a 1W MA50 Support for 1 whole year!
What's more striking however and what short-term traders/ investors tend to ignore are the long-term Cycles of a financial asset. And Dow being one, is no exception. As mentioned, the 1W MA200 supported the October 23 2023 Low and in effect has been holding since October 10 2022 (so for 2 full years!), two weeks after the Inflation Crisis bottom. Since then we have been inside a Bull Phase.
This is part of a greater trading Cycle for Dow, one that started 1 year after the March 2009 market bottom of the historic Housing Crisis. As you can see, the pattern is recurring and the phases have a high symmetry and frequency among them.
First and foremost, they tend to do two Lows within a 1 year span, which is essentially the Bear Phase, which finds Support on the 1W MA200 (exception was of course the Black Swan of the COVID flash crash but it is of course a non-technical irregularity event) and then rebounds, effectively starting the Bull Phase.
The first 2 Bull Phases rose by +75.80%, while the most recent by +70.80%, so we are roughly around the same strength levels. Also as far as duration is concerned, the 1st Bull Phase lasted for 1239 days (177 weeks), the 2nd for 1134 days (162 weeks) and the 3rd for 1106 days (158 weeks). Again the time element is quite similar. Notice also the similar pattern that the 1W MACD prints every time Dow enters the final part of the Bull Phase.
As a result, if we apply those dynamic conditions on the current Bull Phase, we can see that a minimum rise of +70.80% from the bottom, should peak a little over 48000, and if it last a minimum of 1106 days (158 weeks) it should come to an end and price the top by October 06 2025.
This indicates that we have at least another full year of bullish trend ahead of us and a fair Target could be 48000.
As you realize, investors who are methodically following this 15 year old cheat-sheet, know where and when to buy/ sell and that achieves investing's two main principles: Profit Maximization and Risk Management. Patience and proper management within such Cycles are what "can make you rich" indeed.
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US30 Positive a bullish Cup & Handle chart pattern and have subsequently broken to follow an upward trend.
DJI, Elliott wave analysisOutlook for DJI on the 12h chart.
There have been no changes since the last update.
It looks like the waves of the upper degree are forming an Expanded Flat, and the waves of the lower degree are forming a Expanding Diagonal.
We are probably in sub-wave c of wave 5, and the final wave 5 within sub-wave c will complete soon.
If this scenario is correct, the target of final wave 5 will be 43,273* to 43,783**.
After that, the resistance line (black dotted line) will reject all waves, the upper-degree wave (b) will complete.
The next phase is the upper-degree wave (c). It will probably crash.
*1.618 times the upper degree wave (a).
**1.618 times the upper degree wave a.
Last time, my idea:
Sep 27, 2024. Short-term analysis.
DOW JONES Still bullish. Drop expected end of month.Dow Jones / US30 is trading inside a Channel Up since August 5th.
Despite the mini rally since last Monday, the rise isn't technically over as the overbought (>70.00) 4hour RSI is on a level similar to where the two bullish waves before entered a slower but still upward trend until they priced a higher high.
Buy and target 43900.
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US30US30 DOW JONES industrial average is out of control,on a massive bullish rally, the trend is expected to continue up and we want price to return to the supply roof where hope for a correction.
Rinse and repeat - an updated ideaOverview
The analysis takes a broader perspective by examining the 5-day chart instead of the 1-day, leading to clearer insights, with wavetrend analysis and On-Balance Volume (OBV) indicating a pattern similar to that observed in November 2021.
Technical Outlook
Short-Term (4-hour Chart)
- Current State: DJI appears overextended and due for a correction.
- Immediate Forecast: Anticipated pullback to the 50 EMA, approximately at the 39.3k level.
Medium-Term Forecast
- Early August: Further decline expected to around 38.3k.
- September: Predicting a sharp increase to an all-time high (ATH) near 41.5k in early to mid-September.
- Post-ATH Movement: A significant drop to the 37.5k region, followed by a recovery phase leading up to the election period, stabilizing around 40k.
Post-Election and Long-Term Forecast
- After Election: Pessimistic outlook with a substantial decrease anticipated, potentially reaching 33.9k by mid-January.
- End of Q1 Rally: A typical rally is expected where stocks may surge until the end of March.
- Mid to End of May: Anticipating a downturn until finding a bottom near this time frame.
Beyond May
- The market's direction is uncertain post-May; however, there is speculation of a recovery influenced by potential rate cuts, which could stimulate buyer interest.
Conclusion
This analysis suggests a cyclical pattern in the DJI with significant fluctuations. Investors should prepare for volatility, especially surrounding key events such as the election and watch for economic indicators like interest rate changes for longer-term market direction cues
US30 SELL ANALYSIS RISING WEDGE PATTERNHere on Us30 price has form rising wedge and now want to go down so if line 41955.2 then trader should go for SHORT and target profit of 40328.9 and 38735.1 .Use money management
NEW IDEA FOR DOW JONES The Dow Jones index, in the four-hour time frame, has an important resistance range in the range of 42,978-42,858, and now, under the condition of maintaining and not registering any close candle time of four hours above it, the rate can reach the important support range in the range of 42,336-42,207 , have a price reduction.
Pullback trendlineThe price has been in a long consolidation, now we have a potential bullish run. We have a breakout and now we have a pullback, as always put the order above the higher high of the pullback and go long
WE ONLY TRADE PULLBACKS
QUICK SHORT ON US30We are seeing a consolidation at the top, US30 will be going down
Take profit: 42680 +- 100Pip movement.
US30 / Upcoming Earnings Expected to Drive Bullish MomentumFutures Mixed Ahead of Earnings-Heavy Week; Key Economic Data in Focus
U.S. stock index futures were mixed on Monday as investors braced for a week filled with third-quarter earnings reports and critical economic data, which may put stretched stock market valuations to the test.
Technical Outlook: The price has rallied, driven by earnings gains, and remains positioned for further advances in anticipation of upcoming earnings data.
The overall trend is bullish, provided the price trades above 42810 and 42450. A potential retest down to 42450 is possible, contingent on a 4-hour candle closing below 42810.
Key Levels:
Pivot Point: 42810
Resistance Levels: 43025, 43260, 43500
Support Levels: 42610, 42450, 42300
Trend Outlook:
Bearish By breaking 42800
Bullish by stability above 42810
previous idea:
Us30 new highs update Are you still beleaving in selling rumors or enjoying the ride first target 45k n success 48k to 50k the reason I keep on posting my I deas n growth is because I want you to learn from them n seeing reality n how market trends with pull backs,there is no need to just change trend cz of pull backs we need to understand how market trend n targets,we do sell retracement n big pull backs but we don't overthink n change the trend.
