Major Support & Resistance Levels to Watch in Dow JonesMajor Support & Resistance Levels to Watch in Dow Jones
US30 trade ideas
Bearish reversal off overlap resistance?Dow Jones (US30) is reacting off the pivot which has been identified as an overlap resistance that aligns with the 50% Fibonacci retracement and could drop to the pullback support.
Pivot: 43,330.76
1st Support: 41,777.16
1st Resistance: 44,327.75
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Index, Crypto and Metal current performance Crypto and US index are down in YTD. Now it is chance to buy them
US30/ BULL MUMENTUMThe price action currently shows bullish momentum, maintaining movement above the 44,090 support level. This sustained movement increases the likelihood of a bullish trend continuation toward the next key level of 44,470. If this level is broken decisively, with a clear 4-hour candle closure above it, the price will likely trade within the strong consolidation zone between 44,470 and the last resistance levels, targeting 45,090 and potentially 45,500 as upside objectives.
On the bearish side, a reversal scenario would require the price to fall and close a 4-hour candle below the critical zone of 44,090–43,770. Such a development would signal weakening bullish momentum and could open the path for further downside movement toward 43,360. If the price continues to decline, the next significant support level to watch would be the demand zone around 42,720–42,290.
Dow Jones Swing Trade Idea - Long Position
I’m considering a long position on the Dow Jones following recent developments. With Trump's inaugural speech focusing on high-tech advancements and ambitions for space exploration, there’s potential for a strong rally driven by the Magnificent 7 tech companies.
These companies are likely to lead the market higher, and given their influence on broader indices, this could provide a solid swing opportunity for the Dow.
Key Points Supporting the Trade:
Bullish Sentiment: Renewed optimism in tech and innovation sectors from policy discussions.
Market Leadership: Magnificent 7 have historically outperformed during bullish tech narratives.
Technical Setup: Dow appears positioned for a potential breakout, aligning with macro themes.
Risk management remains key. Stop-loss levels and position sizing should align with your overall trading strategy.
Let me know your thoughts or if you have additional insights! 🚀
US30 Analysis: Breakout Confirmed with Possible Correction AheadUS30 Technical Analysis
The price has broken the previous resistance level at 43,350, as mentioned earlier, and has reached all bullish targets.
Now, a price correction is expected, potentially dropping to 40,450 or 43,350, before pushing upward toward 43,760.
To confirm a bearish trend, the price must break below 43,350 by closing a 1-hour candle, which could lead to a move toward 43,210. Falling below this level would signal further bearish momentum.
Key Levels:
Pivot Point: 43,440
Resistance Levels: 43,760, 43,900, 44,270
Support Levels: 43,350, 43,210, 42,920
previous idea:
Just enough to give bulls hopeWave C has retraced more than I was expecting, but it is just near the optimal range where Bulls are back into euphoria and Bears are afraid to short.
I am expecting to see a downward push soon, otherwise I have my clear invalidation level for this scenario. My overall downward target for this remains the peak made in COVID rally which i have shown in my previous weekly wave count of DOW.
Simple price action outlook - US30There's a lot of confluences to eye out on here on US30, it is simply printing signs all over. It is currently strong power candles going up and making a change of character. Over the last 24 hours, the candles have been forming a bullish flag pattern smoothly within bearish and bullish order blocks. Now it is up for this cyberspace to work its magic, hopefully repeating the rhythm of the past.
Moustafa! Be ready for a huge bearish wave will hit US 30 soon!Hi
** The rising channel in yellow lines were broken from the down side
** Due to the above, more likely the daily uptrend line from 30.12.2023 will be broken too.
** At the middle currently, you would find a huge consolidation area (marked in yellow) which acts as a big rectangle, and due to all above, that rectangle will be also broken from the down side and will send the index to the exclusive TP on the chart!
** The fib retracements levels are so important on the daily frame and should be taken in consideration!
Good luck all!
Note:
My ideas are exclusive to myself only and is not regarded as an advice for traders or investors and are not more than personal thoughts which I just wanted to share with you all and I do hope they could help.
I am not selling any signals and I do not take money favour any trades recommendations. They are free of charge all lifelong but I keep the copy rights of them though to not be copied or shared or sold.
USA30 Hi traders is mpho again,I understand the delay in us30 the pull back was massive and aslo breakdowns unexpected it does happen in trading and it's normal market,move like that but without proper selling confirmations we stick to the trend but we do trade responsible n use tight stop looses to protect our capitals,soo let's expect corrections aswell for possible knew highs,let's normalize to remain positive during the hard times n good times not everytime is tea time,have a nice weekend.
US30 Remains in an Uptrend US30USD Analysis (Educational Purposes Only)
Technical Outlook
The US30USD (Dow Jones) remains in an uptrend, showing strong bullish signals for the coming week. Key highlights include:
Weekly Bullish Engulfing Candle:
Last week’s candle closed with a bullish engulfing pattern, confirming upward momentum.
Daily Support Rejection:
Price rejected a key daily support zone around $42,600, reinforcing it as a strong buy zone.
Resistance Breakout:
The market broke through previous resistance, turning it into support and opening the door for higher targets.
Bullish Falling Wedge:
A falling wedge pattern has broken out above the neckline, signaling further potential upside.
Trade Setup
Entry Zone: Buy from the pullback and retest area near $42,600.
Stop Loss: Place at $41,550, just below the weekly candle’s low.
Take Profit Levels:
TP1: $45,075.
TP2: $46,024.
Fundamental Factors to Watch
Earnings Reports:
Key Dow components' earnings may drive volatility and influence price direction.
Unemployment Data:
U.S. job numbers, especially unemployment claims, will provide insight into economic health.
Market Sentiment:
US30 eyes third weekly gain as markets look to Donald Trump Inauguration.
GO SHORT ON DOWJONEShey guys...dowjones reached our sell area...i start selling it with this idea which i share wid u guys...put u r sl above the last ATH and tp below the last low swing...good luck
Dow Jones Forecast: Rebounding into the Bullish ChannelThe Dow Jones Industrial Average (DJIA) has rebounded into its up-trending parallel channel, established between May and December 2024. The latest dip outside the channel retested the November 2024 low at 41,739 before climbing back above the 43,000-barrier. Bullish momentum faces a test with Trump's return and upcoming Q4 earnings reports.
Fibonacci Retracements and Key Support Levels
Using the retracement tool for the range between April 2024 (37,700) and December 2024 (45,078), key support levels have been identified.
If the Dow reverses back outside the channel and falls below the 42,400 and 41,800 support zones, declines could extend to critical support levels at 41,400, 40,400, and 40,000, aligning with the 50% and 61.8% Fibonacci retracement levels.
Fibonacci Extensions and Key Resistance Levels
Using the extension tool for the range between April 2024 (37,700), December 2024 (45,078), and January 2025 (41,739), key resistance levels have been derived.
A close above the 43,700 high (0.272 Fibonacci) will bring the next resistance levels into view: 44,500, 45,200, and 46,000, aligning with the 38.2%, 50%, and 61.8% Fibonacci extension levels.
— Razan Hilal, CMT
US30 DOW JONES TRADE IDEAThe Dow Jones Industrial Average chart displays a clear upward trend since 2020, characterized by higher highs and higher lows. An ascending channel pattern has formed, with the price currently trading within its boundaries. Key resistance levels are observed at 45,124.0, 44,820.6, and 43,388.8, forming potential supply zones where selling pressure has previously been observed. Key support levels are seen at 41,684.4, 40,084.1, and 38,581.4, forming potential demand zones where buying support has previously been observed. Given the prevailing uptrend and the ascending channel, a long trade could be considered. A long entry could be triggered upon a break above the upper trendline of the channel or a retest of a demand zone. A stop-loss order should be placed below the recent swing low or the 42,000.0 level. The profit target could be set at the 45,124.0 resistance level or the upper boundary of a supply zone. It is crucial to conduct thorough research, consult with a financial advisor, and implement proper risk management strategies before entering any trade.
us30 down after a long time i come back with new talent . that i cant belive what i know . this is nds and chart will come fall to that fibo area. also i dont set tp there just for your result . lest do whit together and grow our acounts
US30 Big Selling Pressure on the wayHello Traders what's do think about US30 given suggestion in comments.
The observation US30 Donald Trump return to office as the 47thPresident of United states that could pressure on the US30 to move downward a selling trend. if you believe there will be downtrend pressure on US30 You may Eye on Target it could be useful to track market reaction or other Trumps policy and also related news in the Day if the price will Break from our levels then Next near support 42,050.00.
if you like this analysis please support my work like and fallow thanks for Love.
US30 SELL ANALYSIS SMART MONEY CONCEPTHere on US30 price form a supply at level of resistance and it will likely to fall soon so trader should prepare for short with expect profit target of 43031.91 and 42069.12 . Use money management
US30we can see the structure is not complete yet one more drop is there manage your risk and enjoy your trade
US30 SELL AT SUPPLY ZONE SMART MONEY CONCEPT Here on Us30 price form a resistance zone around level of 43726.31 and is likely to continue going down so trader should go for short with expect profit target of 43452.55 and 43158.90 with stoploss of 43873.21.Use money management
Could the Dow Jones be bullish?
Hi Dears
I think the Dow Jones will continue to move higher in the coming months and the target indicated in the image will occur when the candles can break the orange line.
You can see an order gathering area in the image that looks like it could gather buy orders and be ready to fly to the target.
Do you think this could happen?
US30 - Long 4HUS 30 Buy stop on bearish fib 0.618, resistance zone and LH.
Bias is bullish based on:
Long bullish trend
US30 breakout of descending channel
Harmonic Buterfly partern reversal
Bullish reversal played
EP: 43750
SL: 41947
TP: 45552
