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US30 - ATH Reached, Key Levels for Bullish and Bearish MovesTechnical Analysis The price recorded a new ATH at 44,930, as anticipated. Now, it appears to be starting a bearish trend, though it is possible to touch 45,020 before the trend turns bearish. Bullish Scenario: The price should stabilize above 44,930, confirmed by a 4-hour candle close above this level, in order to target 45,200. Bearish Scenario: As long as the price trades below 45,020, it will remain bearish, with potential targets at 44,530 and 44,410, especially if the price stabilizes below 44,790. Key Levels: Pivot Point: 44920 Resistance Levels: 45020, 45200, 45320 Support Levels: 44740, 44530, 44410
OANDA:US30USDShort
by SroshMayi
US30 TO TANK DOWN BEFORE IT SHOOTS UPGood day traders today we will be trading the dow as you can see, on the bigger timeframe we are expecting a retracement before the market continues to push to the upside, we that being the case i thing the market will tank down as soon as it touches the OB @44902.3 although the market might tank down even further for th retracement, our TP will be @44587.7 and thats about 300pips then done for the day GOODLUCK!!! Entry:44902.3 SL:44942.7 TP:44587.7
OANDA:US30USDShort
by Mokgethoa_MK
6
DOW JONES is respecting our major August buy call beautifully.Dow Jones (DJI) is about to hit the 45000 Target on our last buy call (November 20, see chart below) and complete a +8.30% Bullish Leg rise within the Channel Up that started on the August 05 Low: We are very pleased also to see the index making enormous progress after our big August buy (Aug 07 idea, see below) which was exactly on the last major Low of Dow: As you can see, we successfully formulated that trade based on the extremely symmetric price action of 2016 - 2017. We've explained the notion on the previous idea, but we will refresh your memory if you read this analysis for the first time. Dow was already trading within a Rising Wedge pattern in 2016, which towards its end broke upwards and first completed a +19.50% rally. The second Leg of the Bull rally was completed on a +30.70% rise from the pull-back Low and then the markets entered the multi-month volatile period of the U.S. - China trade wars. Key Lows of the Bull Rally were made in October 2016, April 2017 and the last in August 2017. It is important to note that after the August 2017 Low, the index had the most aggressive part of the rally, attached to the top band of the Bollinger Bands range, which is what we've called before "riding the BB wave". Back to more recently and the Rising Wedge that started in 2022, it broke upwards in identical fashion as 2017 (first Leg +23.40%, Lows in October 2023, April 2024 and the most recent August 2024, which as you saw was our last major buy). Even the 1W RSI sequences between the two fractals are similar. What's left now is for Dow to complete a +30.70% rise from the August 2024 Low, in order to conclude the pattern from 2017. Our long-term Target since August remains thus intact at 49000. Keep in mind that this is the essence of long-term investing/ trading and this is the strategy with the highest winning rate. Note also that if it takes the same time to conclude as the 2017 Leg did from the August 2017 Low (green Rectangle, 168 days), then the peak should be formed end of January/ early February 2025. ------------------------------------------------------------------------------- ** 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
6
US30 BUY OR SELL?Trading is time sensitive, you still sleeping? YELLOW-previous monthly low and high BLUE-previous weekly high and low GREEN-previous daily high ang low As observed we are trading in a dip. Dips can be a little confusing, and cause not only frustration but loss of capital invested. The best way to trade a dip is to be patient, highlight your high and low and keep in mind that most buys happen at lows and most sells at highs. With this in mind, one needs to have a clear picture of what happened at the beginning of the month and what is happening today. In this case; 1.Price bought low at the monthly. 2.Price is trading at a monthly high. 3.Price is trading at a weekly low. 4.The daily candlestick closed above both the monthly high and the weekly low. **For one to buy, price has to sell first, wait for a sell before buying. Lastly, understanding what you are trading, if Donald Trump is behind it rest assured you should BUY. You just need to know when by observing the daily candlestick. The best place to buy would be below 43330.4
FOREXCOM:US30Long
by st3ma
US30 Intra-Week Analysis Nov 26th 2024With election drama coming to an end, we have a good visual of how it impacted the US30 market. With trumps pro-growth economic policies him being elected president striked a huge rally across multiple asset classes and with a continued bullish trend even up until today, which we could potentially see carry on till the end of 2024. Price has recently broken the previous All-Time-High of 44400 and continues to show bullish price action giving us no reason to anticipate sells. The only valid selling opportunities would be if price breaks back below 44400, in that case, we can look for pull back to 43800 or 43400.
CAPITALCOM:US30
by Itskaleel
Dow Jones (US30) Market Breadth EMA20 AnalysisThe US30 Market Breadth Indicator EMA20 is an essential tool for assessing the participation of DJIA stocks in the current trend. It measures how many stocks are trading above their 20-day EMA, offering valuable insight into market breadth. Current Market Breadth Overview: 🔴 RED Zone: The indicator currently shows 25-30 stocks above their 20-day EMA, signaling strong bullish breadth with most stocks participating in the upward trend. 📈 Over the past several bars, the histogram transitioned from yellow to red, indicating increasing bullish momentum as more stocks moved above their 20-day EMA. Price Action & Breadth Convergence: The US30 has been in a clear uptrend, recovering from lows around 42,846 and reaching a high of 44,807. Higher highs and higher lows support the bullish narrative, while the red histogram confirms broad participation across the DJIA stocks. This alignment suggests the rally is well-supported by market breadth. How to Apply Market Breadth to Your Trading Strategy: You can use Market Breadth to enhance your trading strategies by identifying the strength of trends and spotting potential reversals. For example, when the histogram is in the red zone, it supports bullish trend-following strategies, as it indicates broad market participation. However, if the histogram transitions from red to yellow, it suggests a decrease in the number of stocks above their 20-day EMA (from 25-30 to 7-24 stocks). This shift could signal weakening momentum and serve as an early warning to tighten stop-losses, take partial profits, or prepare for a potential pullback. Integrating Market Breadth with price action allows you to fine-tune your entries and exits, improving risk management and strategy performance. Trend Outlook: 🚀 The trend remains bullish, with the red histogram and higher price levels suggesting a continuation unless breadth weakens significantly. ⚠️ A shift from red to yellow is a potential warning sign of declining momentum, indicating caution is warranted.
BLACKBULL:US30
by Investic_analytics
Analysis of Dow Jones Uptrend: Opportunities and Challenges Ahea In the 4-hour timeframe, the Dow Jones Index is moving within an ascending channel, reflecting the strength of buyers. This channel has formed since mid-October and has successfully maintained its key support and resistance levels so far. The Ichimoku indicator also highlights the strength of the bullish trend, as the price remains above the green Ichimoku cloud, which acts as strong support. The support zone between 44,131 and 44,295 is identified as one of the most crucial areas on the chart. This region holds significant importance due to its proximity to the Fibonacci levels (0.786 and 0.886) and its alignment with the lower boundary of the ascending channel. Technical tools such as Ichimoku and Alligator indicate that if the price returns to this zone, there is a strong likelihood of support holding and a potential trend reversal.
BLACKBULL:US30Long
by arongroups
US30 - Technical Outlook: Critical Levels for Trend ConfirmationTechnical Analysis The price has successfully reached an all-time high (ATH) and achieved the bullish target of 44,625 with precision. A potential bearish retracement may occur, targeting 44,400 or 44,280. A confirmed break below 44,270, validated by a 4-hour candle close, would signal the start of a bearish trend, with further downside targets at 43,900. Alternatively, sustained stability above 44,630, confirmed by a 1-hour candle close, would indicate a bullish continuation, with the next target set at 44,980. Key Levels: Pivot Point: 44625 Resistance Levels: 44800, 44980, 45200 Support Levels: 44400, 44270, 43900
OANDA:US30USDLong
by SroshMayi
US30 / UNDER CPI PRESSURE / 4HUS30 /4H TIME FRAME HELLO TRADERS The analysis begins by noting a profitable decline of 590 pips, indicating that the asset has experienced a significant downward movement recently, which has been profitable for traders taking short positions. The price is approaching an FVG zone between 43,381 and 42,984. A Fair Value Gap typically represents an area where the price may experience consolidation, or a period of sideways movement, before it makes a decision to either move higher or lower. If consolidation occurs within the FVG, the price may rise toward a supply zone (44,252 to 44,532), which suggests a resistance area where selling pressure could occur, preventing the price from moving higher. The analysis highlights a bearish sentiment, meaning the overall expectation is for the price to continue moving downward unless there is a breakout above the supply zone , If the price fails to stabilize above the FVG, further decline is expected. The target for this decline is a support zone between 42,716 and 42,335, where buyers might enter, potentially halting the downward move. The downward pressure is noted as the dominant force unless the price manages to break above the supply zone ,Traders will need to watch whether the asset stabilizes within the FVG, as this will determine whether the bearish trend continues or a reversal occurs.
EIGHTCAP:US30Short
by ArinaKarayi
7