Last Drop Before The BounceDow has completed ABC (Wave 4). Should resume downtrend in US session to 36k or just below. The market will then likely consolidate before begin a large move upside retracement over the coming week.
DJI trade ideas
Just In: The Dow Jones Industrial Average (DJI) Dip 1,300 PointsOverview
The Dow Jones Industrial Average, also known as the DJIA or simply the Dow, is a market index frequently used to gauge the overall performance of the U.S. stock market. Indexes like the DJIA track the prices of a group of securities.
The Consumer index saw a downtick of 1300 points representing a 5.5% dip. This was days after Donald Trump declared a new set of tariffs targeting 185 countries, including major U.S. trading allies.
Tariffs Concern
The US stocks are poised to continue their bloodbath as futures signaled more fear over President Donald Trump's tariffs. Administration officials and Trump himself signaled on Sunday that they won't back down from their aggressive decisions. Meanwhile, an inflation report is due later this week as well as bank earnings.
Wall Street remained in fear mode over President Donald Trump's tariffs on Sunday evening as futures pointed to more steep losses.
The S&P 500 futures also sank 3.9% and Nasdaq futures dived 4.9%. That follows a devastating week that saw the worst selloff since the early days of the COVID-19 pandemic.
Similarly, the 10-year Treasury yield dropped 8.5 basis points to 3.906%, and US crude oil prices fell 3.7% to $59.72 a barrel.
Countries affected by the tariff rates are:
China (34%), the European Union (20%), and Japan (24%). Fitch Ratings estimated that the effective tariff rate could hit 25% on average — the highest in more than 115 years.
In an X post on Sunday, Former Treasury Secretary Larry Summers cautioned, saying there's a very good chance of more market turbulence similar to what was seen on Thursday and Friday.
Those sessions represented the fourth largest two-day drop in the last 85 years, Summer said. The selloff wiped out about $6 trillion in market cap.
“A drop of this magnitude signals that there’s likely to be trouble ahead, and people ought to be very cautious,” Summers wrote.
Meanwhile, Trump administration and the president himself defended the tariffs.
Technical Outlook
as of the time of writing, the The Dow Jones Industrial Average (DJI) Dip index point is down 5.5% trading in tandem with the support point that aligns with the 38,000 points. On a bearish case scenario, a break below this axis could be canning for the stock market as it will lead to panic selling in the industries concerned.
Similarly, should the bulls manage to thrust the DJI points up to the 42,000 points, we should experience a respite from the bears and possibly increased momentum might sent the stocks soaring higher. With the RSI at 23, this is hinting to a weak momentum with more downside ahead.
check the trendIt is expected that a trend change will form within the current support area and we will witness the start of the upward trend.
If the index breaks through the support area, the downtrend will continue until the next support area.
Easy tricks to master you mind during correctionsHello,
The markets have been correcting, and fear seems to be creeping in. What most investors fail to understand is that big corrections such as this are the best opportunities handed to them. This is the best time to buy since markets are trading at the bottom. Additionally, for this time earnings season is about to kick in while this time the market is trading at the bottom. We compiled a few things that can help you remain composed in the current market environment.
A transformative book I would recommend is Trading in the Zone by Mark Douglas. Douglas brilliantly compares elite traders to world-class athletes, revealing that both achieve greatness not through luck, but through rigorous mental discipline and robust, repeatable systems. To guide you toward this coveted "zone" of peak performance, here are four indispensable strategies:
Craft a Rock-Solid Trading Plan
A well-defined trading plan is your compass in the chaotic wilderness of the markets. It spells out precise conditions for entering trades, selecting opportunities, and exiting positions. By faithfully following this blueprint, you anchor yourself in accountability, sidestepping the pitfalls of reckless, emotion-driven moves.
Maintain a Detailed Trading Journal
Think of your trading journal as a mirror reflecting your journey. Record every trade, emotion, and market insight. This disciplined habit empowers you to evaluate your performance, pinpoint weaknesses, and sharpen your approach—unlocking a deeper understanding of your own psychological triggers.
Cultivate Confidence Through Realistic Goals
Confidence isn’t bravado—it’s the quiet strength to take calculated risks and embrace the results. Build it by practicing on a demo account with the seriousness of real stakes, setting attainable targets, and celebrating small wins. This foundation turns uncertainty into opportunity.
Master the Art of Risk Management
In trading, protecting your capital is paramount. Embrace proven techniques like setting risk/reward ratios, deploying stop losses, and sizing positions sensibly. These habits don’t just shield you from ruin—they pave the way for consistent, long-term gains.
With the above rules we believe you should be able to invest or remain invested during these volatile moments. Again, remember the tariffs that have been set are the ceiling and we expect concessions to come once negotiations between countries begin.
Good luck and stay invested. As shown in the chart, this is not the first time the market is undergoing a significant correction. What's clear is that markets always recover from corrections and continue pushing higher. This further reinforces our conviction that this are the best times to begin buying.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Bearish MovementThere is currently a huge dragon fly doji that might change to a hammer candle, cause a small bullish movement to 37706.55 where there is a gap before continuing downwards to 32411.88
Reversal or Continuation? US30 Tests Major SupportThe US30 is testing a pivotal multi-year trendline following an aggressive breakdown from its early 2025 highs. After months of consistent distribution near the 42,000–44,000 range, price capitulated with a steep selloff, driving the index down toward the 37,000 level. This area aligns closely with the long-term trendline dating back to late 2023 and marks the lower boundary of the broader structural expansion.
The current reaction appears to be forming at a potential inflection point, as price hovers around the lower bounds of its macro range. The steep angle of descent suggests overextension, with momentum temporarily outpacing rational valuation zones. Meanwhile, a notable high-volume cluster from prior activity remains situated between 41,500 and 42,000 — an area likely to attract price in the event of a technical retracement.
If buyers begin stepping in at this historically respected trendline, the market could stage a multi-week recovery, targeting this upper resistance zone. However, failure to stabilize here risks further downside, potentially exposing the market to deeper corrections toward 35,000 or lower. All eyes now turn to this structural juncture as price teeters between oversold conditions and critical support.
Bear Market Inbound!What a week, two days of plunge and the Dow sits below where Tariff Trump won.
World markets were ripe for this situation, waiting for the trigger... the trigger no doubt was Trump.
The charts do not lie, the news does not matter as much as price action, the question now is where we bottom for a while and bounce...any rally is to be sold.
Don't try and catch a falling knife, but be very careful shorting here at this point, expect a bottom this week.
Expect further selling Monday to a degree, but we are at a bottom fishing level.
Gold and especially silver were clobbered Thursday and Friday, we expected this earlier in the week and warned of toppy price action on our gold update. PM's are in a wave 4 down sideways move and next comes minor wave 5 up...long term holders have little to worry about...any pullback is a buying opportunity...$3000 gold is major support.
Appreciate a thumbs up...God Bless you all and good trading!
Dow Jones Trend Analysis (Elliott Wave + AO + Volume)📊 Dow Jones Intermediate Trend Analysis (Elliott Wave + AO + Volume)
🌀 Elliott Wave Interpretation
The chart reflects a clear Elliott Wave count from the post-COVID low:
Wave I and Wave II are well-established.
Wave III is now completed, accompanied by a peak in AO — which aligns with classical Elliott theory where AO typically peaks during the 3rd wave, showing strong momentum.
Wave IV is currently unfolding.
📉 Wave IV Characteristics (Ongoing Phase)
Wave IV is expected to be complex — commonly forming:
Triangles (contracting or expanding),
Flats,
Double/triple threes.
It is likely to consume time and generate sideways or choppy price action.
Volumes, interestingly, are peaking again, which often occurs toward the end of Wave IV due to emotional volatility and retail panic activity.
🔮 Two Probable Scenarios for Wave IV Completion:
Scenario 1 (Shallow Correction):
Target Zone: ~37,400
This zone coincides with the 0.382–0.5 Fibonacci retracement levels from Wave III.
Would reflect a simple flat or sharp zigzag structure.
Scenario 2 (Deeper Correction):
Target Zone: ~34,100
Corresponds to the lower support band with possible spike to 32,988 (FINAL FIB Support).
May occur if external macroeconomic or geopolitical triggers cause extended selling.
📈 Post Wave IV – Projection for Wave V
Once Wave IV completes:
Wave V is expected to resume the larger bullish cycle.
Price target: New all-time highs, possibly towards the upper blue resistance trendline (~46,000+).
Watch for bullish confirmation with AO flipping and price breaking above Wave IV consolidation highs. before completing 4th wave it always create complex patterns. we need to watch the patterns and it is getting completing before move to 5th wave.
🔍 AO (Awesome Oscillator) Insights
AO peak confirms Wave III completion.
Negative divergence between AO and price also supports Wave V capping out, indicating exhaustion of upward momentum.
AO is now retracing — likely bottoming during the end of Wave IV.
🔊 Volume Behavior
Volume peaked at the end of Wave III — a common occurrence.
Now rising again near Wave IV completion – this suggests:
Panic selling,
Possible final shakeout before market stabilizes for Wave V.
Monitor for volume drop-off during Wave V's beginning – a classic signature of reduced fear and return of trend stability.
🔒 Critical Support & Resistance Levels
Level Description
37,400 Scenario 1 target / shallow correction
34,100 Scenario 2 deeper correction target
32,988 Final strong support (Fib extension)
46,000+ Potential Wave V high / upper trendline
📌 Conclusion
The intermediate trend is corrective, within a larger bullish framework.
Wave IV is currently playing out and might end soon.
Watch key support zones (37,400 and 34,100) for potential reversal setups.
Once confirmed, Wave V rally could offer significant upside opportunities.
Remain cautious during this volatile consolidation and validate reversal signs before positioning.
📜 Disclaimer
⚠️ This analysis is for educational and informational purposes only. It is based on technical chart interpretation (Elliott Wave Theory, volume, AO) and does not constitute investment advice. Trading and investing in financial markets involves significant risk, including the risk of losing your capital. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
The Dow Jones 100 Year Rising WedgePeople lie. The news lies. But the CHARTS DON"T LIE.
This is a 100 year rising wedge pattern that is occurring on the DJI.
Maybe not today, maybe not tomorrow, maybe not for another 50 years,
but this pattern will break to the downside.
As of now, a return to the original trendline is HIGHLY LIKELY.
NO FEAR, THIS IS OUT OF LOVE.
EYES OPEN.
Repeat of covid manipulation - sells to 34000 on US30.Breakdown of where US30 could be heading in the short team but also the long term.
US30 Trade Update – 04/04/2025🚨 US30 Trade Update – 04/04/2025 🚨
📉 US30 Sell-Off Intensifies!
The Dow Jones has now broken below 41,000 and is approaching the critical support at 40,063. Bears are in full control, and if this level fails, we could see a test of 39,279 next.
🔍 Key Observations:
✅ Major rejection at 42,359 resistance
✅ Strong bearish momentum breaking 41,000
🔻 Next Major Support: 40,063 → 39,279
🎯 Trade Plan:
🔹 Short below 40,063 → Target 39,279
🔹 Look for bounce signs at 40,063 for potential reversal
🔹 Long only if price reclaims 40,600+
⚠️ Watch for a reaction at 40,063—this level could determine the next major move.
check the trendIt is expected that the trend will change within the current support area and we will see the beginning of the upward trend. Otherwise, the continuation of the downward trend is likely with the breakdown of the current support area.
Warning Signs Flashing: Dow Jones Breaks Key SupportThe Dow Jones Index has officially broken its rising trendline support, signaling a possible shift in the medium-term trend. After losing this key ascending structure, price is now hovering near the psychological support zone of 40,000, which has historically acted as both resistance and support.
This level is crucial. If it holds, we could see a temporary bounce or consolidation. However, if the 40K zone fails to provide support, the index may head toward the next major support area around 38,000, aligned with the longer-term trendline support.
Do like and follow us
THANK YOU
US30 Testing Major Demand Zone – Reversal Incoming?🔎 Market Overview:
The Dow Jones Industrial Average (US30) has dropped into a strong demand zone (41,200 - 41,350), which has historically acted as a major support area. Will buyers step in for a rebound, or will we see further decline?
🔹 Key Resistance Levels: 41,932 | 42,605
🔹 Current Price: 41,234
🔹 Key Support Levels: 41,347 (demand zone) | 41,200
📉 Recent Price Action:
1️⃣ Strong Sell-Off into Demand Zone:
After testing resistance at 41,932, US30 faced heavy selling pressure.
Price has now entered a high-volume support area (41,200 - 41,350).
2️⃣ Potential Reversal Setup:
If buyers hold this zone, we could see a bullish push back to 41,932 (first resistance).
A breakout above 41,932 could open the door for a move to 42,600+.
3️⃣ Breakdown Scenario:
If 41,200 breaks, expect further downside towards 40,800 - 40,500.
This would confirm a bearish continuation pattern.
📊 Trade Plan:
📍 Bullish Setup:
🔹 Look for bullish confirmation in the 41,200 - 41,350 zone.
🔹 A strong bounce could provide an entry targeting 41,932 and 42,600.
📍 Bearish Setup:
🔹 If price fails to hold 41,200, a short opportunity exists targeting 40,800 - 40,500.
🔹 Wait for a clean break and retest of 41,200 before shorting.
🔥 Will US30 bounce back from this demand zone, or will we see further drops? Comment your thoughts below! 👇
📊 Like & Follow for more trade ideas! 🚀
#US30 #DOWJONES #StockMarket #TechnicalAnalysis #PriceAction #DayTrading #Forex #SupplyAndDemand
Dow Jones Instant AnalysisAt the intersection of the midline of the two ascending and descending channels, there is a possibility of a short-term upward price reversal.
Trade Idea : US30 Short ( SELL LIMIT )Technical Analysis
1. Daily Chart:
• Trend: The price has been in an uptrend but is showing signs of exhaustion.
• MACD: Deep in negative territory (-311.308 & -377.356), confirming bearish momentum.
• RSI: 44.24, indicating weak momentum and room for further downside.
• Key Resistance: 42,890
• Key Support: 41,000
2. 15-Minute Chart:
• Trend: The price has broken below a consolidation zone.
• MACD: Bullish but fading, suggesting exhaustion of upward movement.
• RSI: 48.21, showing indecision but no strong bullish strength.
• Structure: Lower highs and lower lows forming, indicating a potential breakdown.
3. 3-Minute Chart:
• Price Action: Weak bounces and inability to sustain higher prices.
• MACD: Negative and declining, confirming short-term bearish momentum.
• RSI: 41.77, approaching oversold but not yet at extreme levels.
Fundamental Analysis
• Macro Risks:
• Potential market correction after extended bullish trends.
• Economic uncertainty and possible rate hike expectations could pressure equities.
• US Market Conditions:
• Upcoming data releases or Fed commentary could increase volatility and favor bearish moves.
Trade Execution
• Entry: 41,950
• Stop Loss (SL): 42,250 (300-point stop)
• Take Profit (TP): 41,350 (600-point target)
• Risk-to-Reward Ratio (RRR): 2:1 FUSIONMARKETS:US30
US30 DOW-JONESThe disloyal me went into US30 charts because the US100 one had so much for me, I couldn't focus so I had to run away. But, for now we will be observing, the highlighted low, because the daily looks like the chart is retracing to pump higher again, same time small timeframe says that we are about to sell for sometime, hence instead of trading we will be observing. Observing. I will Drop a video about the charts later on. Happy Trading
US30 Trade Update – 02/04/2025 🚨 US30 Trade Update – 02/04/2025 🚨
📊 Market Structure & Key Levels
US30 is consolidating around 41,937, struggling to break above 42,075. Bulls need strong momentum to push through resistance, while bears are watching for rejections.
🔍 Key Observations:
✅ Holding Above 41,749 Support
✅ Short-Term Range Between 41,749 - 42,075
🔻 Key Resistance Above: 42,359 → 42,787
🎯 Trade Plan:
🔹 Long above 42,075 → Target 42,359 - 42,787
🔻 Short below 41,749 → Target 41,300 - 41,261
⚠️ Sideways price action = Wait for clear breakout!
Trade Idea: US30 Long ( BUY STOP )
Technical Analysis:
1. Daily Chart:
• US30 is in a pullback phase after a strong uptrend.
• The MACD is negative, but price is nearing key support, signaling a potential reversal.
• The RSI is at 43.74, close to oversold territory, indicating limited downside risk.
2. 15-Minute Chart:
• The MACD is strongly positive, confirming short-term bullish momentum.
• A strong bounce from recent lows suggests buyers are stepping in.
• The RSI is 55.40, indicating neutral momentum with room to push higher.
3. 3-Minute Chart:
• The MACD is slightly negative, but showing signs of bottoming out.
• RSI is 49.62, neutral but ready to turn up.
• Price is consolidating after a strong move up, suggesting a continuation higher.
Fundamental Analysis:
• The Dow Jones (US30) has recently rebounded from key support levels, aligning with a strong US economy and moderate Fed policies supporting equity markets.
• Global economic conditions remain stable, and institutional buyers are likely stepping in at this level.
⸻
Trade Execution:
• Entry: 41,900 (Confirmation of bullish momentum after consolidation)
• Stop-Loss (SL): 41,750 (Below recent low, protecting against further downside)
• Take-Profit (TP): 42,250 (Targeting recent resistance, maintaining a 2:1 RRR) FUSIONMARKETS:US30
Dow Jones Buy Opportunity After BreakoutA technical analysis of the Dow Jones Industrial Average, showing a breakout of a price pattern that may indicate further upside.
Entry Level: 41,926.7
Target: 44,578.9 (5.44% increase)
Stop Loss: 41,225.8 (2.49% risk)
Risk/Reward Ratio: 1:2.19
The current trend supports further gains based on price action. Do you think the index will reach the target? Share your thoughts!
DOW JONES - Quaterly Analysis Dow Jones is going through major uncertainties, which has hampered the momentum already . Now we can expect it to form a low near the 40,000 zone in this quarter if downside momentum continues. Overall, I expect Dow to test the previous all-time high and make a new all-time high as well . All levels are marked in the chart posted.
