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US30 trade ideas

DOW - H&S is getting progressed. 📉 DOW JONES – Head & Shoulders Pattern Formation (Right Shoulder in Progress) The chart illustrates a clear Head & Shoulders (H&S) pattern, a classic bearish reversal signal, forming on the higher timeframe. 🧠 Pattern Breakdown: Left Shoulder: Formed in early March. Head: Sharp dip and recovery formed during early April. Right Shoulder: Currently in the making, aligning with a weekly resistance near 42,880 levels. Price is expected to reject this resistance and complete the right shoulder. 📌 Technical View: Strong rejection expected near the weekly horizontal resistance. If the right shoulder completes and breaks below the neckline (around 41,500–41,600), it may trigger a measured fall. Fibonacci levels also align, with the 0.382 and 0.5 retracement acting as potential reaction zones. 🎯 Target: Target: 40,900 levels (Right Shoulder support zone). This is a confluence zone where buyers may reappear. Also forms a neckline test, critical for breakout confirmation or reversal. 🔔 Trade Setup Insight: Short bias activated near 42,880 resistance zone. Watch for confirmation via bearish engulfing candles or lower time frame breakdowns. Targeting 40,900 initially. Further downside possible if neckline breaks decisively. ⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute investment advice or a recommendation. All trading involves risk. Please perform your own due diligence or consult a certified financial advisor before making trading decisions.
TVC:DJIShort
by shiva560060
Crab vs Order BlocksThe Dow Jones Crab 🦀 finds itself caught in the web of order blocks, navigating a treacherous sea of buyers and sellers. The golden level of the crab has crept dangerously close to the sellers' order block territory, and all eyes are on the impending tumble. It seems the crab might just scuttle its way down to the buyers' order block nestled at the very bottom, right by its own clawed feet. Hold tight, folks—this crustacean's market dance is about to get interesting!
SKILLING:US30
by UnknownUnicorn22680872
Signs of Selling Pressure (Absorption of Buys at Highs)🧠 Quick Terminology Refresher: Absorption = Large volume hitting the book with little price movement (strong limit orders halting progress). Exhaustion = Declining volume near highs/lows, indicating a potential reversal or lack of continuation. Delta = Net buying/selling pressure (positive = aggressive buyers, negative = aggressive sellers). Imbalance zones = Strong activity favoring one side of the market — high-probability interest areas. 🔎 Breakdown of Key Zones (Right Side of the Chart – May 20–21): 🔴 Signs of Selling Pressure (Absorption of Buys at Highs) May 20 Candle: Delta: -1.37K on 80.27K volume = net sellers present. Upper wick shows buy volume at the highs being absorbed by resting sell orders. Price fails to close above 42,300, the same level it touched multiple times (look left), reinforcing it as resistance. The cluster of buying at the highs followed by price dropping suggests buying exhaustion + absorption by sellers. 🔻 May 21 Candle (Early): Delta: -387 on low volume (21.68K) — early in the session. Low delta but presence of symmetric buy/sell volume suggests a balance day or low conviction. However, failure to break back above the previous POC zone (around 42,200–42,300) + no aggressive buying continuation = bearish bias. 🔵 Prior Bullish Activity (May 15–19): May 15: Strong positive delta (+3.84K) with 99.68K total volume — clear initiative buy pressure. May 16–19: Successive candles show diminishing delta and heavy total volume with: Imbalance blocks shifting down. Lower highs and failed follow-through after May 15 = exhaustion of buyers. Especially May 19: delta of -1.14K, and large wick + failed upside = absorbed buys, followed by rejection. 🧱 High-Volume Nodes (Support/Resistance): Resistance Zone: 42,270–42,300 Multiple failed closes above, heavy sell volume absorbed buyers. Support Zone: 42,000–42,100 Yellow highlight zone — recent volume nodes + last remaining absorption candle May 14–15. But current candles are testing this zone, and not bouncing with strength. 📉 Conclusion: Sell Bias Based on Footprint Behavior ✅ Reasons to Lean Bearish / Sell: Absorption at highs (May 19–20). Exhaustion of buying delta after May 15–16. Lower highs and lower volume follow-through. Price failing at POC/resistance zones (42,300) repeatedly. No new aggressive buying footprints in current bars. ⚠️ Not a Blind Sell – Wait For: Break and hold below 42,100, ideally confirmed by: Negative delta + rising total volume. Sell imbalances near lower levels. Signs of no strong passive buyer absorption at 42,000. 🛠 Suggested Strategy: 📉 Short Bias: Target zone: 41,850–41,900 📈 If price reclaims 42,300 with positive delta spike, exit shorts or flip long (failed breakdown = trap). 🎯 Watch Volume Profile: Large nodes mean congestion — avoid taking new trades in the middle of these zones.
BLACKBULL:US30Short
by PIPSPHERE_NETWORK
US30 – Supply Zone Hit & Rejection | Is the Rally Over?US30 has just tapped a strong supply zone around 42,752, followed by immediate rejection. With price sitting at a critical turning point, here’s how I’m preparing to trade the Dow this week. --- Chart Breakdown: 1. Supply Zone (42,600 - 42,800): Price aggressively entered this area and got rejected fast. Historically, this zone has caused sharp moves down, and the reaction today aligns with that pattern. 2. Key Support (42,288.87): Watch this level closely. A clean break and retest below here would confirm bearish momentum, potentially triggering a selloff. 3. Demand Zone (41,767 - 41,900): This orange zone has previously fueled strong bullish rallies. If price dips back here, look for a bounce or bullish confirmation setup. --- Bearish Plan (Short Bias): Entry: Break + retest of 42,288 TP1: 42,012 TP2: 41,767 SL: Above 42,800 (supply high) Bullish Alternative: If price holds above 42,288 and forms a higher low, a retest of the 42,750s could be in play. But for now, the supply reaction suggests caution. --- What to Watch: US economic data (jobless claims, inflation) FOMC or Fed speakers Risk sentiment shifts (S&P/Nasdaq correlation) --- Your Take? Do you think this was a false breakout or the start of a deeper pullback? Comment your setup or target below! --- #US30 #DowJones #SupplyAndDemand #PriceAction #SmartMoneyConcepts #IndicesTrading #TradingView #US30Forecast
FX:US30Short
by FrankFx14
US30 Is Very Bullish! Buy! Take a look at our analysis for US30. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 42,620.8. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 45,530.9 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
TRADENATION:US30Long
by SignalProvider
1
Understanding Market StructureIn this video, I break down market structure in a simple and easy-to-digest way, helping you understand how to identify whether the market is in an uptrend or downtrend. Recognizing market direction is a key skill for any trader, it allows you to trade in alignment with price action and make more confident, higher-probability decisions. ✅ If you're new to trading or want to sharpen your edge, this video will give you the insights needed to read market trends more clearly. 📈 Hope you find value in this breakdown! 👉 Don’t forget to like, comment, and subscribe to support the channel and stay tuned for more educational content.
TVC:DJIEducation
by GonzooTrading
US30 Trading Plan – Bearish Outlook Following Support BreakThe US30 (Dow Jones Industrial Average) is currently exhibiting a bearish trend, having recently broken below a key support level. This breakdown signals potential further downside momentum, indicating a shift in market sentiment from bullish to bearish. Technical Analysis Summary: Trend: Bearish Breakdown Confirmation: Price has closed below the previous support level, confirming a breakdown and potential trend continuation. Entry Signal: Entry positions can be considered on a retest of the broken support level, now acting as resistance, or upon confirmation of continued selling pressure. Profit Targets: Target 1: The first profit target is set at the next significant support zone, which has historically acted as a demand area. Target 2: The second profit target is located at a lower, more established support level, providing a deeper downside opportunity if bearish momentum persists. Risk Management: Stop-Loss: A stop-loss should be placed above the newly formed resistance level (formerly support) to protect against false breakouts and trend reversals. Position Sizing: Risk no more than 1–2% of account equity per trade to maintain proper risk management. Trade Rationale: The breakdown of the support level on US30 suggests increased selling pressure and the potential for a continuation of the downward trend. By identifying two profit targets, this plan allows for partial profit-taking at the first support level and full exit or trailing stop at the second, depending on price action and market conditions.
FX:US30Short
by tzusun