Dj30
US30: Breakout Bearish Channel, The Start of the Trend Reversal?Hello Fellow Stock Investor/Trader, Here's an Outlook for Dow Jones Industrial Average or US30!
Price Action Analysis
There has been a breakout of the recent double bottom and falling wedge pattern, which is followed by a bullish hammer. This pattern typically confirms a potential reversal or bullish scenario. Furthermore, the candlesticks have moved above the dynamic support/EMA90, indicating the possible start of a bullish trend.
The momentum indicator
The MACD has formed a golden cross prior to the breakout, indicating a potential upward movement for the US30.
If the scenario unfolds as planned, after reaching the historical resistance area, there may be a pullback to 33463 before continuing its movement towards the second target.
The roadmap will be invalid after reaching the target/support area.
Support the channel by smashing the rocket button and sharing your opinions in the comment below!
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the FX:US30 "
DJ30 H4 | Heading to 23.8% Fibo resistanceDJ30 is rising towards a key resistance level and could potentially reverse from here. We could see price drop down to our take profit target.
Entry: 32942.50
Why we like it:
There is an overlap resistance that aligns close to the 23.6% Fibonacci retracement
Stop Loss: 33149.50
Why we like it:
There is an overlap resistance that aligns with the 50.0% Fibonacci retracement
Take Profit: 32641.33
Why we like it:
There is an overlap support
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
DJ30 H4 | Potential bullish reversal?DJ30 could fall towards a key support level and potentially bounce from here. We could see price move up to our take profit target.
Entry: 33254.50
Why we like it:
There is an overlap support that aligns with the 61.8% Fibonacci retracement
Stop Loss: 32937.35
Why we like it:
There is an overlap support that aligns just under the 50.0% Fibonacci retracement
Take Profit: 33780.04
Why we like it:
There is an overlap resistance that aligns with the 61.8% Fibonacci retracement
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
DJ30 H4 | Support at 23.6% FiboDJ30 is approaching a key support level and potentially bounce from here. We could see price move up to our take profit target.
Entry: 33594.85
Why we like it:
There is an overlap support that aligns with the 23.6% Fibonacci retracement
Stop Loss: 33324.95
Why we like it:
There is an overlap support
Take Profit: 34162.43
Why we like it:
There is an overlap resistance at the recent swing-high
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
DJ30 H4 | Falling to supportDJ30 is falling to a key support and potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 33840.50
Why we like it:
There is an overlap support that aligns with the 38.2% Fibonacci retracement
Stop Loss: 33650.35
Why we like it:
There is an overlap support that aligns with the 61.8% Fibonacci retracement
Take Profit: 34155.45
Why we like it:
There is a recent swing-high resistance
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
DJ30 H4 | Running into resistance?DJ30 is approaching our sell entry and potentially reverse from here. We could see price move down to our take profit target.
Entry: 34136.35
Why we like it:
There is a swing-high resistance
Stop Loss: 34389.35
Why we like it:
There is an overlap resistance that aligns with the -27.2% Fibonacci expansion
Take Profit: 33840.50
Why we like it:
There is an overlap support
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
DJ30 H4 | Headwinds looming?DJ30 could approach a key resistance that aligns with the 78.6% Fibonacci projection. Price could hit our sell entry at 33849.58 and reverse to the down side to hit our take profit at 33367.04 which is an overlap support. Stop loss is at 34194.15 which is an overlap resistance.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
DJ30 H4 | Headwinds looming?DJ30 could approach a key resistance that aligns with the 78.6% Fibonacci projection. Price could hit our sell entry at 33849.58 and reverse to the down side to hit our take profit at 33367.04 which is an overlap support. Stop loss is at 34194.15 which is an overlap resistance.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
DJ30 H4 | Heading into resistance?DJ30 could hit our sell entry and potentially reverse from here. We could see price move down to our take profit target.
Entry: 33858.50
Why we like it:
There is an overlap resistance that aligns with the 78.6% Fibonacci retracement
Stop Loss: 34172.34
Why we like it:
There is an overlap resistance
Take Profit: 33325.35
Why we like it:
There is an overlap support
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
DJ30 H4 | Close to supportDJ30 could bounce off a key support level which is our buy entry at 33463.80 and move up to hit our take profit at 33840.50 which is an overlap resistance that aligns with the 78.6% Fibonacci retracement. Stop loss is at 33258.45 which is an overlap support.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
DJ30 H4 | Pulling back towards supportDJ30 is pulling back towards a key support. Price could hit our buy entry at 33296.7 and bounce up our take profit at 33594.02 which is an overlap resistance. Stop loss is at 32966.50 which is an overlap support.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
DJ30 H4 | Approaching resistance?DJ30 could make a push to our sell entry at 33463.80 which is an overlap resistance. Price could potentially reverse from this level and drop down to our take profit at 32964.50. Stop loss is at 33910.50 which is an intermediate overlap resistance.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
DJ30 Will Move Lower! Short!
Please, check our technical outlook for DJ30.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 33368.0.
Taking into consideration the structure & trend analysis, I believe that the market will reach 32222.0 level soon.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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DJ30 H4 | Potential bearish reversal?Looking at the H4 chart, the price is approaching our sell entry area at 32990.69, which is an overlap resistance. If the price were to reverse, it could drop down to our take profit at 32247.39 which is an overlap support. Stop loss is at 33506.11 which is an overlap resistance.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
DJ30 H4 | Potential bearish reversal?Looking at the H4 chart, the price is approaching our sell entry area at 32633.50, which is an overlap resistance that aligns with the 38.2% Fibonacci retracement. If the price were to reverse, it could drop down to our take profit at 32247.39 which is an overlap support that aligns with the 38.2% Fibonacci retracement. Stop loss is at 32951.67 which is an overlap resistance.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
DJ30 H4 | Potential bearish reversal?Looking at the H4 chart, price is currently in our sell entry zone at 32523, which is an overlap resistance along with 38.2% Fibonacci retracement. Our take profit will be at 32268, which is an overlap support along with 38.2% Fibonacci retracement. The stop loss will be at 32862, which is slightly above the swing high resistance.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
DJ30 H4| Potential reversal from 50%Looking at the H4 chart, price is currently approaching our sell entry at 32531.66, which is an overlap resistance along with the 50.0% Fibonacci retracement level. If price were to reverse, it could drop to our take profit level at 31426.58, which is a multiple swing low. Our stop loss will be placed at 32992.92, which is an overlap resistance level.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.