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Dow30analysis

US30 Analysis 01/05/22Price formed a high yesterday which has now become the target for today. I believe that price will retest yesterday's highs and could possibly continue bullish. If not, price may retest yesterday's highs and then start to reject. I favor the bulls in this scenario because the price has broken its previous highs and created new ones. The 200EMA also looks like it is providing additional support for the trend to continue bullish, but if price begins to reject the new highs, I believe that once price breaks 37000, it will begin to move bearish to retest the major resistance that was broken earlier this week. Waiting for market open volume to place a trade.
ULong
by dreadhead4_life
US30 Analysis 01/04/22 No buys without a pullbackPrice recently broke the level of resistance and is currently testing new highs. I will not look for a buy unless price makes a pullback and creates a level of support, or starts to reject the 50EMA (purple line). A rejection (candle wick) from the 50 EMA will provide confirmation for a bullish continuation. No buying opportunity without a retracement! Not looking for a sell opportunity unless price breaks 36600 and goes back into the range. My target would be the 200EMA.
ULong
by dreadhead4_life
1
US30 Analysis 01/03/22Price is currently in a 338 point range. You could try to trade in this range but I will not because the price is too choppy and will be too difficult to trade. I think price will range throughout most of January. The reason why I will wait for a break below 36245 is because the candles to the left are not ranging but are clean moves straight down. And a breakout for bulls is not favorable because price will be creating an all time new high and there is no way to identify a TP. If it breaks out I will wait for a pullback before entering for a trade. For now I don't see any trades for my trading plan.
U
by dreadhead4_life
Dow30 and where to sellSince May, Dow is topping, and yes, if you would have bought deeps in support you would have made money, but the overall structure is a topping one. Looking at the increase in price, from 35000 to 36500 there is only 4% rise over 7 months, and also is clear that over 35k the index was sold. Also, although I'm not usually anticipating a pattern, if Dow reverses from my sell zone, we will also have a nice H&S. Anyway, I will look to sell this rally that we are in now and the ideal point would be around 35.5k Only a new ATH would put a pause in my bearish outlook
EASYMARKETS:DOWUSDShort
by Mihai_Iacob
13
US30 ShortMy view of Dow Jones (US30) . Potential short opportunity. Since the start of October we have entered this uptrend channel in which the price was moving in. We had 2 “fake outs” meaning the candle broke out of the channel but was overruled by the next one entering back into the uptrend channel. Smaller timeframes also show a smaller uptrend channel which I marked with the regression trend. My idea/vision/prediction is that the price could come up to 35675 during Asian session where at that point, depending on the price momentum, we could enter in a short. Entry at 35675 with a tight Stop Loss at 35715 . Take Profit is at our PBA (Pullback Area) which is at 35080 . The sell would be confirmed after we break out of the regression trend which would also break the very strong Resistance from 23rd of Aug to 7th of Sep . After breaking that level we would be due for a pullback down to the bottom of this uptrend channel . PARAMETERS - Entry: 35675 - SL: 35715 - TP: 35080 KEY NOTES - Start of October , we have entered this uptrend channel . - Smaller uptrend channel on smaller timeframes. - The sell would be confirmed after we break out of the regression trend which would also break the very strong Resistance from 23rd of Aug to 7th of Sep. Happy trading!
UShort
by BANDZTRADES
14
US30USD 2021 Aug 02 Week OANDA:US30USD US30USD 2021 Aug 02 Week Rotation zone (Grey Box) short and long for Dow provided a comfortable trading week. Weekly: Upthrust bar closing below close of previous bar = Weakness. No change in trend yet on weekly chart Daily: Effort no Result + No Demand + last bar closing slightly below middle = Weakness H4: Increase in bearish strength and last bar showed demand. Although I am expecting history to repeat itself, again anything can happen. Volume hasn't shown any commitment direction yet. Strategy: 1) Rotation zone long/short - strictly keep stops tight as market has been in rotation for a week. The longer it builds its cause the more intense the breakout 2) If you miss the breakout trade, join in on LTF (M5 and below) as market pauses or when a low volume counter-trend bar appears, entry can on the bar when trend resumes. Remember to like and follow if you find this useful. Have a profitable trading week.
OANDA:US30USD
by paradox677
US30USD 2021 Jul 26 Week OANDA:US30USD US30USD 2021 Jul 26 Week Gold eked out a slight high ATH at 35115.80 Weekly: Wide spread up bar closing near high, no change in trend signs yet Daily: Decreasing volume as price creeped up = SOW H4: Weakness has appeared, Bar A and bar after it closed off high, decreasing volume as market moved up is also weakness. Would expect history to repeat itself. Strategy: 1) Wait to short if no demand and/or upthrust / market mushrooms over (pink structure) 2) With weakness appearing, keep stops tight if long 3) Long only when climatic down bar and support appears Remember to like and follow if you find this useful. Have a profitable trading week.
OANDA:US30USD
by paradox677
US30USD 2021 Jul 19 Week OANDA:US30USD US30USD 2021 Jul 19 Week Weekly: Hidden Upthrust last week. This week's bar will determine strength/weakness. Daily: Hidden upthrust = weakness. H4: Bearish. Immediate Resistance: 35111 Immediate Support 34043 Strategy: 1) Price in rotation (grey box), range 375pts. Will only take trades at either end of the range and aim for 50% of range 2) If price breaks out of range, trades can be taken as price returns to test edge of rotation box. Like and follow if you find this useful : ) Have a safe trading week ahead.
OANDA:US30USD
by paradox677
Dow is more reliable in measuring the market sentiment S&P 500 and Nasdaq all these indexes broke the top that reached in February 2020 even with all uncertainty and the bad data provided by companies earning during the pandemic, except DOW 30. This index alone proves that the market is weak and once it reached near to the top that made in February 2020 the market start going down bring with it all other indexes. For me, I think right now the DOW 30 is more reliable to measure the market sentiment than S&P 500 even if the first just has 30 companies than the last one which has 500 companies. Because the 30 companies in dow 30 are the strongest companies in the US Economy.
CBOT_MINI:YM1!Short
by husamalahmadi