US30 - 15m Scalp on DowJonesUS30 presents a sell opportunity. The price has just broken below the support zone at 39,300, indicating a potential for further downside. Keep an eye on this level for potential entries.
DOW
DOW JONES is on an expansion phase until late 2025.Dow Jones (DJI) closed the 2nd straight green month (1M candle), something that isn't discussed a lot amidst the pessimistic views lately across the market. Technically, since the bounce on the 1M MA50 (blue trend-line), the index entered a new Expansion Leg inside the Channel Up that started after the 2008 Housing Crisis.
Each Bullish Leg has been so far more aggressive than the previous but even if Dow repeats the 'weakest' one, we will still look for a +75.32% rise since the September 2022 bottom. This translates into a long-term Target of 50000, which can extend as long as late 2025.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
US30 - 15m Buy scalpThe Dow Jones Industrial Average (US30) is currently on an upward trajectory, showing strong bullish momentum on the 15-minute chart. As it continues to rise, it is approaching a key resistance zone that has previously served as a turning point. Traders should watch this level closely, as the price may test and react to this resistance, potentially leading to a breakout or a consolidation phase. This anticipated rise towards the resistance zone signals a pivotal moment for US30's short-term direction, providing opportunities for strategic entries and exits based on price action around this area.
Volatility Expected Between Key Support and Resistance LevelTechnical Analysis: US30
The price has reversed from the resistance line at 39575 and has now reached a strong support line. Consequently, significant volatility is expected as the price oscillates between 39045 and 39410, a notably wide range.
Current Outlook:
The price is likely to touch 39045 before potentially pushing up again. Both scenarios should be carefully considered:
Bullish Scenario:
Stability above 39230 suggests a move towards 39410. However, if the price reaches the support line at 39045, it must stabilize above this level to maintain a bullish trend.
Bearish Scenario:
A bearish trend would be confirmed if the price breaks below 39045, targeting 38790, and potentially dropping further from there.
Key Levels:
- **Pivot Line:** 39230
- **Resistance Levels:** 39400, 39575, 39780
- **Support Levels:** 39045, 38790, 38600
### Today's Expected Range:
The price is anticipated to fluctuate between the support at 38790 and the resistance at 39410.
In summary, maintaining stability above the pivot line at 39230 is crucial for a bullish outlook, with targets at 39410. Conversely, a break below 39045 would signal a bearish trend with a downside target at 38790.
US30 Poised for Bullish Surge: Key Levels and Scenarios to WatchTechnical Analysis: US30
After stabilizing above the pivotal zone at 39,410, the price has shifted towards a bullish trend. It appears poised for a retest of the 39,410 level, after which it is expected to resume its upward movement, provided it maintains stability above this pivot.
Current Outlook:
The price will likely attempt a retest of around 39,400. Should it stabilize above this price, the bullish trend is expected to continue.
Bullish Scenario:
Sustained stability above 39,410 will bolster the bullish trend, potentially driving the price towards 39,575, and further to 39,780.
Bearish Scenario:
A bearish trend would be confirmed if the price breaks below 39,410 and 39,350, with targets at 39,230 and 39,045.
Key Levels:
- Pivot Line: 39,410
- Resistance Levels: 39,575, 39,780, 40,050
- Support Levels: 39,230, 39,045, 38,790
Today's Expected Range:
The price is anticipated to fluctuate between the support at 39,360 and the resistance at 39,790.
US30 Reaches Target, Eyes Key Support and Resistance LevelsTechnical Analysis: US30
The price has reached our target of 39360 after stabilizing above the previous support line at 39045.
Current Outlook:
The price may attempt a retest toward 39045 but should stabilize below 39400 and 39360.
Bullish Scenario:
For a bullish trend, the price needs to break above 39410, aiming for targets of 39575 and 39780.
Bearish Scenario:
Stability below 39360 will support a bearish trend toward 39230, and further decline to 39045.
Key Levels:
- Pivot Line: 39360 - 39410
- Resistance Levels: 39575, 39780, 40050
- Support Levels: 39230, 39045, 38790
Today's Expected Range:
The price is expected to move between the support at 39045 and the resistance at 39575.
previous idea:
US30 Bullish Momentum Continues with Key Support at 38,790 Technical Analysis: US30
The US30 index retested the 38,790 level and then surged approximately 150 points, continuing its upward momentum toward the 39,050 level.
Bullish Scenario:
As long as the price trades above 38,790, it will likely push up to 39,050.
Bearish Scenario:
If the price breaks below the support levels at 38,790 and 38,760, it could decline to 38,580. Sustained trading below this level may result in a further drop to 38,400.
Key Levels:
- Pivot Line: 38,790
- Resistance Levels: 39,050, 39,350, 39,700
- Support Levels: 38,580, 38,400, 38,290
Today's Expected Range:
The price is expected to move between the support level at 38,760 and the resistance level at 39,050.
In summary, maintaining a position above 38,790 supports a bullish outlook with higher resistance targets, while trading below this level indicates potential bearish movement towards lower support zones.
Previous idea:
DOW JONES Ascending Triangle on its Bullish Leg.The Dow Jones Industrial Average Index (DJI) broke above the 4H MA200 (orange trend-line) again for the first time in a week, while holding the 4H MA50 (blue trend-line) as Support. The dominant pattern is an Ascending Triangle and the price action appears to be repeating the previous Leg.
As you can see, following the bottom formation and accumulation (green Arc) on the Higher Lows trend-line, which followed the Bearish Leg in the form of a Channel Down, the previous Bullish Leg (dotted Channel Up) posted a strong rally, the 2nd phase of the structure, towards the Ascending Triangle's top at 40080 (Resistance 1) when it broke above the 4H MA200.
As a result, we are bullish as long as the Asc. Triangle holds, targeting 40000 (just under Resistance 1, bottom of the red Zone). If however the price breaks below the Asc. Triangle (Higher Lows), we will take the loss on the buy and open a sell instead, targeting 37250 (Support 1).
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Dow Jones US30 - Lets attack ATH again!Hi Again,
Today I am sharing opportunity for long positions just before much anticipated FOMC meeting tonight.
Call it a risky trade, but if longing US30 now is risky, what the hell are currencies, gold and especially, NASDAQ and SPX doing ??
The plan is to attack 39700 area and break ATH. Who said 40000 Dow Jones is the limit?
Stop loss up to you. Safe stop loss is in 38400 area and lower due to nature of this structure they built.
Long now and lets talk tomorrow :)
Good luck and play safe!
DOW JONES Bottom next week. 42k long-term Target.Dow Jones (DJI) is about to close a red 1W candle, staying flat basically for the 3rd week in a row. May's Double Top on Resistance 1 (40075) technically calls for an approach attempt on Support 1 (37250) but that doesn't invalidate the long-term bullish technicals as the pattern is a 1.5 year Channel Up.
As a result, with the 1W MA50 (blue trend-line) supporting since the week of October 30 2023, closing in towards Support 1, we expect a bottom to be formed next week when the 1W RSI makes a Lower Low. As you can see, the last 3 long-term buy opportunities have been when a 1W RSI Channel Down (blue) made a Lower Low.
Our long-term Target for Q4 is 42000 (just above the 0.786 Fibonacci Channel level).
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
DowJones (US30) Bearish patterns and signsIn this 1-hour chart of DowJones (US30), we observe a significant bearish pattern forming after the price action. The market hunted the highs of both the Asia and Euro sessions during the NY session, which typically signals a liquidity grab. This maneuver often leads to a swift reversal, as is evident by the price dropping back down after touching the resistance zone.
The index has broken down from a rising wedge pattern, a bearish reversal signal. This suggests that after the false breakout to the upside, the DowJones is poised for a considerable decline. Traders should anticipate further bearish momentum, potentially leading the index down to lower levels. The break below the wedge confirms that the upward momentum has weakened, and sellers are likely to dominate, pushing the price down further.
Keep an eye on support levels for any potential slowdowns, but the overall trend appears to be bearish for the immediate future.
US30 (Consolidation Zone )Technical Analysis
The price is expected to consolidate between 38,790 and 38,580 until a breakout occurs. The bullish pressure remains, especially if the price can break above 38,790, indicating a move towards 39,050.
Bullish Scenario: Stability above 38,790 will initiate a bullish trend, targeting 39,050. Breaking this level could lead to further gains, reaching up to 39,350.
Bearish Scenario: If the price breaks below the support level at 38,580, it could decline to 38,400. Sustained trading below this level may result in a further drop to 38,050.
Key Levels:
- Pivot Line: 38,790
- Resistance Levels: 39,050, 39,350, 39,700
- Support Levels: 38,580, 38,400, 38,290
Today's Expected Range: The price is expected to move between the support level at 38,580 and the resistance level at 39,050.
US30 Dow Jones Technical Analysis and Trade IdeaRecently, the US30 has experienced downward pressure. A bearish pattern is evident on the 4-hour chart. At present, it has traded into a key support zone and there’s a strong possibility we see it pullback. The video discusses the Dow Jones prevailing trend, recent price movements, overall market structure, and presents several trading ideas for your consideration.
Please remember, the content provided is solely for educational purposes and should not be taken as investment advice. Trading involves significant risk, highlighting the importance of consistently applying strong risk management strategies. 📈🚀📊
How to pick trades in different market conditionsIn the video I look at two different markets and the resultant setups which yielded the prime trades. The two markets had to be approached in different ways, especially early in the session.
I look through the price action on the DOW and then the Nasdaq. The DOW proved to be more clear cut and a trend style approach while the Nasdaq was very choppy and warranted a range or reversion style approach to the trades.
Still, both were tradable and produced some good scalps although the action had to be recognised early.
ANY QUESTIONS, JUST LEAVE IN THE COMMENTS !!
** If you like the content then take a look at the profile to get more ideas and learning material **
** Any Comments and likes are greatly appreciated **
DOW JONES The bleeding may not be over. How low will it go?On our last Dow Jones (DJI) analysis (May 24, see chart below), we called for the high probability of a bearish break-out below the Channel Down, following the 1D MACD Bearish Cross (similar to April 02):
As you can see, Dow delivered, so our 38350 Target got hit, with minimum losses on the buy position at the bottom of the Channel Up. Yesterday's rejection on the 1D MA50 (blue trend-line) though, is far from ideal and opens the way for more downside.
The chart shows DJI's long-term pattern, which has been a Channel Up since the October 03 2022 market bottom. The periodic corrections through Bearish Legs have both declined by -9.25%, a striking resemblance indeed. Yesterday's 1D MA50 rejection basically resembles those of the past Bearish Legs on March 06 2023 and October 17 2023.
Ahead of the 1D MA50/ 100 Bearish Cross, which could be completed by tomorrow, there is high probability for a deeper Low, at least as Low as Support 1 (37250). This would be ideal as it would also make contact with the 1D MA200 (orange trend-line) for the first time in 7 months (since November 03 2023)!
After that though, we will turn into long-term buyers again, even though that wouldn't complete the -9.25% decline of the previous Bearish Legs, but in terms of R/R would be acceptable enough to aim for 40000 before the Channel Up goes for a Higher High.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
US30 (Consolidation zone) Technical Analysis
The price increased by approximately 1.95%, perfectly reaching our previously mentioned targets.
Today’s Outlook: The price is expected to consolidate between 38,580 and 38,790 until a breakout occurs.
Bearish Scenario: If the price breaks below the support level at 38,580, it could decline to 38,400. Sustained trading below this level may lead to a further drop to 38,050.
Bullish Scenario: Stability above 38,790 indicates a potential bullish trend, targeting 39,050.
Pivot Line: 38580
Resistance Levels: 38790, 39050, 39350
Support Levels: 38410, 38020, 37820
Today's expected movement range is between the support level at 38400 and the resistance level at 39050
previous idea:
US30 (Looks like bullish confirmation)Technical Analysis
The price dropped and reached our weekly target of 38,050, as mentioned at the beginning of the week.
Now, the price will likely attempt a retest up to 38,190 and 38,400 before potentially dropping again. The bearish trend will be activated by stability below 38,050, targeting 37,820.
A bullish scenario will be triggered if the price breaks above 38,790, aiming for 39,050.
Pivot Line: 38,675
Resistance Levels: 38,790, 39,050, 39,350
Support Levels: 38,410, 38,020, 37,820
Today's expected movement range is between the support level at 37,820 and the resistance level at 38,400.
previous idea:
US30 (Toward Support Zone...)US30 Technical Analysis
The price dropped from the pivot line at 39,050, as we noted at the beginning of the week. It is currently heading towards 38,500 and 38,400. If the price stabilizes below this support zone, the bearish trend is expected to continue towards 38,020 and 37,820 for the week. Today, the price is anticipated to consolidate between 38,500 and 38,790 until a breakout occurs.
A bullish scenario will be activated if the price breaks above 38,790, targeting 39,050.
Pivot Line: 38,675
Resistance Levels: 38,790, 39,050, 39,350
Support Levels: 38,410, 38,020, 37,820
Today's expected movement range is between the support level at 38,400 and the resistance level at 38,790.
Previous idea:
DOW JONES: Correction completed. Time for a new High.Dow Jones may have turned red on its 1D technical outlook (RSI = 35.469, MACD = -17.010, ADX = 38.217) but it is only neutral on 1W (RSI = 52.498) suggesting that on the long run, these are strong buy levels from a R/R perspective. Two weeks ago we called the current pullback to 38,550 as a possibility but now it is time to turn bullish again. As you can see, on the 1W timeframe, there are striking resemblances with the Channel Up of March 2023 and in today's terms we are on the May's 2023 corrective wave. We expect at least a +13.67% rise from the recent bottom and our target sits slightly under that level (TP = 42,000).
See how our prior idea has worked out:
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
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.
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.
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).
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
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.
