US30 - 15m Buy OpportunityThe recent price action in the Dow Jones (US30) shows a potential buying opportunity after a significant drop. To manage risk effectively, it's essential to make this buy position risk-free by moving the stop-loss to breakeven or into profit. This approach ensures that even if the market reverses, you will not incur a loss on this trade.
With the current setup, wait for price action signals to confirm the next movement towards the target levels. Watch for bullish signs such as higher highs and higher lows, or bullish candlestick patterns that indicate continued upward momentum. By doing so, you can maximize profits while minimizing risks.
D-US30
US30 (Technical and Geopolitical Weekly Analysis)Technical and Geopolitical Analysis:
The previous weekly chart indicated a strong upward movement, but the market is now poised to react to geopolitical pressures, particularly the tensions between China and Taiwan, expected to intensify this week and continue into next month.
Technical Analysis:
Bullish Scenario: If the price stabilizes above 38,700, it is likely to move between 38,700 and 40,050. Any sustained stability above 40,005 will signal a continuation of the bullish trend, potentially reaching 40,970. A retest at 40,005 could occur before the bullish trend resumes.
Bearish Scenario: The bearish trend will be confirmed if the price closes below 38,700 on at least the daily chart, targeting 37,990. The next significant support level is 36,460, which is strong support for this year.
Key Levels:
Pivot Line: 38,700
Resistance Prices: 39,500, 40,005, 40,970
Support Prices: 38,300, 37,990, 36,460
The expected trading range will be between the support at 37,990 and the resistance at 40,050.
May 28, US30: Essential Insights for the Week Ahead!Greetings, Traders!
Brief Description🖊️:
Join me in this video as we analyze what to anticipate this week on US30. We will explore various ICT concepts, including draw on liquidity, fair valuation, order blocks (how to choose high probability order blocks), and engineering liquidity (where smart money uses retail patterns such as trendlines, support, and resistance to trap traders into making investments).
Things We Will Cover👀:
ICT Concepts🧠:
Draw on Liquidity💧: Understanding how liquidity is targeted and manipulated.
Fair Valuation📊: Assessing the true value of price levels.
Order Blocks📦: Identifying high-probability order blocks.
Engineering Liquidity🔄 : Analyzing how smart money uses retail patterns to manipulate market movements.
Trading Opportunities📉📈:
Potential Price Movements: Providing a comprehensive outlook on possible market shifts.
Strategies for the Week: Uncovering strategies that could make this week profitable.
What's Important Now❗
To understand my current outlook, check out yesterday's analysis:
For insights into High Probability Trading Environments (low resistance against high resistance liquidity runs), watch this video:
Stay tuned and happy trading!
The_Architect
S&P500 INDEX: More Growth is Coming
S&P500 index recently updated the all-time high.
After a violation, the previous ATH turned into support.
The market retested that and positively reacted.
I believe that a bullish trend will continue.
The market may keep growing to 5380.
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Falling towards 50% Fibonacci support?Dow Jones (US30) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as an overlap resistance.
Pivot: 38,957.67
1st Support: 38,574.85
1st Resistance: 39,413.17
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
AVAX LONG! Potential Swing Play to the upsideAVAX Long Position. on the 4-hour chart we see the wick is bouncing off of the 50 moving average. Confirmed the position with the Stock RSI indicator crossing over. Most Cryptos will be extremely Bullish Today. Also US30 stocks have a potential push as well, including Boeing.
It is possible we could see a huge wick to the downside so minimize your lot size for example, if you have a $10,000 account, minimize lot size to .10 lots on a 100:1 account.
place 2 x .05 lots.
STOP LOSS @ 35.15
TAKE PROFIT @ 40.53
ENTER NOW @ 37.14 or at US open for better entry.
S&P500 INDEX: Growth Will Continue!
S&P formed a cute cup & handle formation after quite a strong
bearish movement on this week.
A bullish breakout of the neckline of the pattern
is an important sign of strength of the buyers.
I think that the Index will keep growing next week.
❤️Please, support my work with like, thank you!❤️
DOW JONES Should this Bearish Cross worry us?The Dow Jones Industrial Average Index (DJIA) hit our 40000 Target that we set on our May 06 idea (see chart below) and after that experienced a sharp pull-back:
So far this is within the lines of a natural technical correction correction towards the 1D MA50 (blue trend-line), which during uptrends tends to be re-tested as a Support. Notice also that this is where the 0.382 Fibonacci level is, an important technical Support during pull-backs.
As long as it holds, the Channel Up has the much needed Higher Low that can enable it to move to a Higher High. We expect that to be around 41500 (+6.30% rise, similar to the previous Bullish Leg).
On the other hand, since the 1D MACD completed a Bearish Cross yesterday, we need to consider the possibility of a deeper pull-back, as the last 1D MACD Bearish Cross (April 02), delivered a -6.88% decline. As a result, if the 1D MA50 breaks though, we will take that small loss and go on a short-term sell instead, targeting 38350 (0.618 Fibonacci level).
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US30 (DowJones) - 4H a bearish correctionThe Dow Jones has recently captured liquidity above the previous high, as indicated by the sharp move and subsequent rejection from the highlighted resistance zone.
This failure to consolidate above the resistance suggests that the bullish momentum has temporarily exhausted, and we could see a retracement.
The price is likely to pull back to the green support zones marked on the chart before attempting another bullish push.
Traders should watch for potential buy opportunities at these support levels, anticipating a bounce and continuation of the upward trend after this correction.
US30 Forecast US30 New Forecast
Nasdaq and S&P 500 Futures Rise on Chip Stock Rally Following Nvidia’s Positive Revenue Forecast
Futures tracking the tech-heavy Nasdaq and the benchmark S&P 500 climbed on Thursday as chip stocks rallied, bolstered by Nvidia's optimistic revenue forecast, which strengthened investor confidence in the rapid growth of artificial intelligence technology.
Traders anticipate the U.S. central bank will reduce interest rates by nearly 40 basis points by year-end (FEDWATCH). Additionally, markets closely monitor economic data scheduled for release throughout the day, including weekly jobless claims, S&P Global flash PMIs, and housing figures.
Technical Side:
As noted in the previous chart, the price corrected to the support line at 39,540.
Now, it will remain in the bullish zone as long as it trades above 39,540, targeting 39,790 and potentially 40,005. However, if it stabilizes below 39,540, the price is likely to drop to 39,360.
Pivot line: 39650
Resistance Prices: 39850, 40005, 40130
Support Prices: 39360, 39070, 38790
The movement range will be between support 39360 and Resistance 40130
Falling towards 23.6% Fibonacci support?Dow Jones (US30) is falling towards the pivot and could potentially bounce to the 1st resistance.
Pivot: 39,310.89
1st Support: 38,992.16
1st Resistance: 40,075.11
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
US30 neutral 1. we are currently consolidating in a tight controlled price range - this clearly illustrates to me that we are waiting a big price move soon (most likely after the high impact new releases today)
2. i believe a break below the line below wil lead to a bullish continuation upwards or a break below the line above will lead to a short term bearish break down of price to the downside.
Always maintain a open mindset about the outcome of news as nothing is guareteed in the trading market at any time
US30 Will Go Up! Buy!
Take a look at our analysis for US30.
Time Frame: 5h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 39,853.77.
Considering the today's price action, probabilities will be high to see a movement to 40,277.47.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
US30 (Sensitive Consolidation Movement )Dow Jones New Forecast
You should see a few more months of inflation data that appear to be falling (before any prices are lowered)
The price corrected to their support line as we mentioned in the previous chart,
so now still has a consolidation between 39790 and 40005 till breaking, from this support line will try to start a bullish trend toward 40005, and above it will get 40130 and more
otherwise closing 4h candle under 39785 means will drop to get 39580
Pivot line: 39790
Resistance Prices: 40005, 40130, 40420
Support Prices: 39570, 39360, 39070
The movement range will be between support 39790 and Resistance 40130
Previous idea:
US30. Weekly trading levels 20 - 24.05.2024Indices are at highs. We haven’t been to the top yet, there’s no data there. If we update the historical maximum, we can find out more in the Daily Posts.
During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade.
If you expect any medium-term price movements, then most likely they will start from one of the zones.
Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post.
! Please note that brokers have a difference in quotes, take this into account when trading.
The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :)
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I don’t play guess the direction (that’s why there are no directional arrows), but zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade.
Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat.
Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern.
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DOW JONES: Channel Up targeting 41,400Dow Jones is supported by the 4H MA50 and just turned technically bullish on its 4H technical outlook (RSI = 55.413, MACD = 58.400, ADX = 34.689). As long as it does, we are bullish, aiming at another +5.03% rise (TP = 41,400).
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DOW JONES INDEX (US30): Waiting for FOMC
Do not forget, traders, that tomorrow we are expecting FOMC.
Ahead of these fundamentals, US30 started to consolidate
within a narrow intraday range on a 4H time frame.
I will wait for its bullish breakout for a strong bullish confirmation.
4H candle close above that will confirm the violation.
A bullish continuation will be expected then.
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