US30 4H continues to risehello everyone,The index price continued to form upward waves in yesterday’s trading, taking advantage of the repeated stability above the 23.6% Fibonacci retracement level, centered at 34100, to constitute strong support, and we can notice that it achieved new gains by reaching about 34472 .
The price may currently be forced to provide some sideways fluctuation due to the attempt of the Stochastic indicator to break out of the overbought level. We will remain waiting for the price to succeed in gaining additional positive momentum, and then to resume the upward momentum with the aim of soon reaching towards 34776 , and by exceeding it, the intermediate trading may extend towards 34985 , to constitute the next main target for bullish trading.
Pivot Price: 34100
Resistance prices: 34472 & 34776 & 34985
Support prices: 33876 & 33640 & 33395
The general trend expected for today: bullish
D-US30
US30 making some additional gainshello everyone,The index price activated the positive path in Friday's trading by rushing above the 33989 level to record additional positive gains by being attracted towards the main resistance extending towards 34341 and settling below it, as is clear in the attached drawing.
Currently, and in an attempt to present the main indicators of positive momentum, we recommend waiting for the price to break through the previously mentioned resistance to confirm its move to the next positive stage, and then to start targeting new positive stations that may start from 34341, while the risk of falling below the moving average 55, which is currently positioned near 33989 , lies in the price forming strong negative waves that may It causes him to suffer significant losses by gravitating toward 33701 and 33407, respectively.
Pivot Price: 33989
Resistance prices: 34341 & 34526 & 34776
Support prices: 33701 & 33407 & 33049
The general trend expected for today: bullish if the condition is met
DOW JONES Consolidation leading to a Christmas rally?Dow Jones / US30 spent all week above the 1day MA50, in fact Friday's rebound took place exactly on it (Support A at 33850).
This is potentially an Inverse Head and Shoulders pattern and with the 1day RSI at 60.00 and over its MA, it draws comparisons with the June 15th pattern, which peaked at +6.08%.
That pattern has same measurements as the current Inverse Head and Shoulders and formed the Right Shoulder in 3 weeks, supported by the 1day MA50.
After that another +6.15% leg brought the price to the 1.786 Fibonacci extension.
Similarly, the current Inverse Head and Shoulders may target the 1.786 Fibonacci, which in this case will be a little under the 35700 Resistance B high.
Buy and target 35500 (a little under Fibonacci 1.786).
Previous chart:
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US30 IMPORTANT DECISION Hello traders it looks like its make or break time for us30
the price is on a very sensitive zone A Major key level + a falling trendline.
however it looks to me that the buyers are still keeping strength on the market it is very likely and possible we can see a breakout and a further continuation to the upwards just like the nasdaq100
but the possibility of a rejection and down is still there.
id say its 65 percent probability it goes up and 35 percent it goes down.
the global direction is still unclear no confirmation was shown i will update you guys if i see anything.
US30/USD Shorts from 34600.0 down towards 33800.0My bias for US30 currently is for a bit more upside in order to mitigate the 22hr supply zone or the 19hr, both are apart of a key weekly supply level. From this we will expect a sweep of the asian high as well as a consolidation before entering to show that price is slowing down and buys have now become exhausted.
We will then wait for a wyckoff distribution and a CHOCH on the lower time frame before we execute our sell positions. As price has been very impulsively bullish I am expecting a retracement for sure hence my bias.
My confluences for US30 shorts are as follows:
- Price approaching key weekly supply level that caused a CHOCH to the downside.
- There's magnets below our POI that need to be taken in the form a liquidity sweep.
- There a lot of imbalances below as well as deeper demand levels for price to mitigate.
- Price has been moving very bullish with minimal pull backs so price needs to come down.
- For price to continue in bullish trend it needs to react off a stronger level of demand.
- 22hr supply has also swept liquidity, good sign that the zone will hold.
P.S. I am overall bullish however, as we are approaching a key supply I can see a short term sells playing out in order to fill the imbalances below and mitigate a deeper level of demand. This makes sense because us as traders, we ideally want to buy from a discounted price. As of this week we do have CPI coming on Tuesday, I would personally wait after just to see how price reacts from this major news event then make my move.
Trade safe and hope you guys have a good week ahead!
US30 possible continuation to 35,000In my analysis, I've identified a potential continuation of the uptrend with a target set at 35,000. However, in adherence to my trading rules, I am anticipating a retracement to the 33,900 region, aligning with the lower boundary of the established uptrend channel. In this scenario, I plan to initiate a position, setting my stop-loss at 33,800, and establishing multiple targets. I intend to secure a portion of my positions upon reaching the first take-profit level, allowing the remaining positions to run.
Dow Jones Index (US30): Bullish Continuation is Coming?!
Does a price action on Dow resembles a cup & handle formation on a daily?
34000 - 34450 is a huge resistance - the neckline of the pattern that the index is currently approaching.
Its bullish breakout - a daily candle close above - will be a strong bullish signal
that will push the prices much higher.
Next goal will be 34950.
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DOW JONES Strong rebound on the 1D MA50!Dow Jones (DJI) is having an excellent rebound ever since our October 31 buy signal (see chart below), which we issued after the index bottomed on the Higher Lows trend-line of the 12-month Channel Up:
The price broke today even above the 3-month Bearish Megaphone, which was the pattern that executed the Channel Up correction. Today's rebound is being done after the index hit and held the 1D MA50 (blue trend-line), which is in fact on top of the 1D MA200 (orange trend-line). If it continues, we may see this 1D Death Cross (a technically bearish pattern) getting invalidated.
However, we do lower our medium-term target from 35000 to 34800 as this rebound is coming off a -1.15% pull-back, which resembles those of June 06 and April 04, that topped on the next rise and then pulled-back to the 1D MA50.
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US30 4H : Support to decline US30
New forecast
The index price fell yesterday after testing the stable resistance at 34185 and failing to penetrate it. We notice that it sneaked below the moving average of 50, incurring clear losses by touching the level of 33832 approximately.
Let us favor the downward trend during the coming period, as breaking 33832 will facilitate the task for the price to reach 33600 and 33450.
Therefore the downtrend scenario will be remain valid and effective during coming period , taking into account that stabilized above 34185 will put the pressure on the price to rise up . for reminder our target will be active when price can stable under 33832. also it possible to do a retest to 34000 and then drop.
The expect range trading for today it will be between the resistance line 34185 and support line 34600 until stabilized .
Additionally Today ,New York sessions will affect on the Indices .
support line : 33832 , 33600
resistance line : 34000 , 34185
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
US30 repeats giving a negative signalhello everyone,The index price gave a negative signal after testing the stable resistance at 34296 . We noticed that it sneaked below the moving average of 55, incurring clear losses by touching the level of approximately 33915.
We point out that the stability of the previously mentioned resistance will confirm the beginning of the effect of the downward path in the upcoming trading. We expect the price to gain additional negative momentum, starting to target new negative stations, with the 33701 level forming the first station of the downward path, reaching towards 33407, to constitute the main target for the current period’s trading.
Pivot Price: 33989
Resistance prices: 34296 & 34526 & 34776
Support prices: 33701 & 33407 & 33049
The general trend expected for today: bearish
timeframe: 4H
Are we about to see a new era of expansion for the tech sector?This is the Nasdaq to Dow Jones ratio (NDX/DJI) on the 1W time-frame (with the RSI on the 1M), which offers very interesting conclusions as to where we are on the large scale of things, which can be particularly helpful now as the shorting bets have been increased to the most in 5 years.
The recent pull-back since the July Highs, have made market critics call for a stronger correction. for the NDX/DJI pair, this has just been a consolidation. Going back to 2000, the tech sector witnessed a 'biblical' Bear Cycle as the Dotcom Bubble popped. It wasn't until November 2021 that the NDX/DJI ratio reached this 0.47 All Time High (ATH) Resistance but again as we saw, the inflation crisis happened and had a 1 year Bear Cycle.
Now the ratio is almost back to the ATH Resistance and just formed a 1W Golden Cross, which is a very bullish pattern, the first since October 2007. What's really interesting is that this consolidation on a 1W Golden Cross is quite similar to the July 1991 pattern. That fractal was basically the expansion phase that led to the Dotcom Bubble burst. The 1M RSI sequences are similar between the two fractals.
This chart shows us that such expansions take place inside Channel Up patterns. The 1W Golden Cross and a potential break above the 0.47 Resistance, may be the signal telling us that the technology market is starting a new era of expansion and it won't be surprising even fundamentally. Among other technological advancements and inventions, we are in the era of A.I. and that can be the vehicle to grow the market to unprecedented highs just like the internet was in the 1990s fractal that led to the 2000 Dotcom bubble.
Do you think the time to invest in tech long-term is now?
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$AMC straddle strategy 👁🗨️*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
Whether the market likes NYSE:AMC earnings after the bell today my team expects big price movements. According to the charts we can see that bulls need a lot more than the bears to set this thing off to $14.50.
My team is using a The Straddle options strategy leaning towards puts since bears have it easy this round. We're 25% into calls and 75% into puts. Good luck to you all!
!! This chart analysis is for reference purposes only !!
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$AAPL timber*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
!! This chart analysis is for reference purposes only !!
If you want to see more, please like and follow us @SimplyShowMeTheMoney
US30 4H : Still bullish US30
New forecast
The index price rose yesterday and maintained its stability above the resistance level at 34052. This will enable it to resume the upward attack, initially targeting the 34292 level, reaching towards 34432.
Therefore the uptrend scenario will be remain valid and effective supported by moving average 50 that is continue to support the price towards higher, taking into account that stability under 34052 will force the price to formed the negative correction
The expect range trading for today it will be between the resistance line 34432 and support line 34052 .
Additionally Today ,New York sessions will affect on the Indices .
support line : 34150 , 34052
resistance line : 34292 , 34432
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
US30 4H repeats pressure on additional resistanceThe proposed scenario for nearby trading depends on the stability of the current resistance. With its stability, we expect the price to renew the downward corrective attack, thus targeting the 33989 and 33701 levels, respectively. While the price’s success in penetrating the resistance and holding above it will enable it to resume the upward attack, initially targeting the 34296 level, reaching towards 34526 .
Pivot Price: 33989
Resistance prices: 34296 & 34526 & 34776
Support prices: 33701 & 33407 & 33049
The expected general trend for today: bearish with resistance remaining intact
DOW JONES: Final pump before correction.Dow Jones turned bullish on its 1D technical outlook (RSI = 59.241, MACD = -34.600, ADX = 33.114) after more than three weeks as it smashed past our target and even crossed over the R1 level (34,150). The inevitable formation of a Golden Cross on the 4H timeframe, indicates that this sequence has one more High left to give on the LH and HH trendlines cross.
The 4H MACD Bearish Cross is very much like October 12th, both took off on a Double Bottom Bullish Cross. This is our last short term buy (TP = 34,500).
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Possible bearish movement US30English
In my last idea published, I was waiting for a bearish reaction in the 50% fibo´s zone, but the price is going up. What do I see right now? We have a bearish structure on a daily timeframe and I hope to continue selling this index.
In adittion to that, all the retracement we saw, were "healthy" for the price and we don´t have any GAP or something like that which is good. In this retracement we´re having, I´ll be waiting for the price to go to the 79-89% fibo levels to see the reaction and waiting for a price action confirmation to start selling this index, let´s see how it goes in the next days.
Español
En mi última idea publicada, estaba esperando una reacción bajista en la zona del 50% del fibo, pero el precio siguió subiendo. ¿Qué veo ahora en el mercado? Tenemos una estructura bajista en una temporalidad diaria y espero seguir vendiendo este índice.
Adicional a eso, todos los retrocesos que vimos, fueron saludables para el precio y no tuvimos GAPs o algo parecido, lo cual es bueno. En el retroceso actual, Estaré espeando que el precio vaya hasta el 79-89% del Fibo y ver qué reacción tiene y a la espera de una confirmación de acción de precio para comenzar a vender este índice, vamos a ver cómo se mueve en los próximos días.