US30 DJIA Price Action & SMC Analysis: Strategic Buy & Sell SignalsAnalysis:
Price Action Strategy:
The DJIA chart on the 1-hour timeframe shows a consolidation phase followed by a breakout. A Break of Structure (BOS) is marked, indicating a shift in market sentiment. The price has broken above a previous resistance level, suggesting a bullish trend. The volume profile highlights strong buying interest between 42,200 - 42,400, reinforcing the bullish setup.
Smart Money Concepts (SMC):
Key SMC elements identified:
Change of Character (CHoCH): Two CHoCH points signal a transition from bearish to bullish sentiment.
Fair Value Gap (FVG): Multiple FVG zones show areas where price may retrace to balance liquidity. The green FVG around 42,200 - 42,400 is crucial, aligning with volume profile data.
Break of Structure (BOS): Confirms the bullish continuation.
ICT Strategy:
Institutional trading levels and liquidity analysis:
Fibonacci retracement levels:
0.382: 42,495.3
0.5: 42,444.5
0.618: 42,393.6
0.705: 42,366.1
0.786: 42,321.2
The 0.5 retracement level is acting as a strong support zone, providing a potential buy opportunity.
Buy Strategy:
Entry: 42,586.0
Take Profit 1 (TP1): 42,637.0
Take Profit 2 (TP2): 42,800.0
Stop Loss (SL): 42,289.8
Sell Strategy:
If the price breaks below 42,289.8, consider a sell position:
Entry: 42,289.8
Take Profit 1 (TP1): 42,200.0
Take Profit 2 (TP2): 41,800.0
Stop Loss (SL): 42,586.0
Final Thoughts:
This DJIA analysis integrates Price Action, Smart Money Concepts (SMC), and ICT strategies, leveraging key indicators such as BOS, CHoCH, FVG zones, and Fibonacci retracement levels. These elements provide traders with a strategic framework for buy and sell opportunities, allowing them to make well-informed decisions.
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Free Forex and crypto signals
t.me/Pipsschase09
t.me/Pipsschase09
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.