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US30 H1 / TWO POINTS OF INTEREST / POSSIBLE SCENARIOS FOR LONG✅Hello Traders! This is my idea related to US30 H1. I see two possible scenarios where I will look for a long entry in case of confirmation of retracement. You can see two resistance zones from where I expect US30 will go bearish. In case of confirmation of retracement from the resistance zones, I will execute long trades until the price of 37760. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
BLACKBULL:US30Long
by GoodTradeST
2
DowJones on the Radar: US30 Technical Analysis at 37300Hey Traders, in the coming week, our focus is on the US30, particularly around the 37300 zone. The DowJones has been on a solid uptrend, showcasing its resilience in the market. As we enter the new trading session, we find the index in a correction phase, edging closer to the critical 37300 support and resistance area. This level has historically played a significant role, often acting as a pivot point for the DowJones. Examining the technical indicators, the current correction appears to be a healthy retracement within the broader uptrend. The 37300 zone aligns with key Fibonacci levels, adding an extra layer of significance. Traders keen on trend-following strategies might eye this as a potential buying opportunity, anticipating a continuation of the upward trajectory. However, it's essential to keep a watchful eye on market sentiment, geopolitical events, and any unexpected developments that could influence the DowJones in the upcoming sessions. In summary, the technical outlook for US30 around the 37300 zone suggests a strategic approach, emphasizing the importance of this level in the context of the broader market trend. As always, trade safe, and stay informed about the evolving market dynamics throughout the week.
BLACKBULL:US30Long
by JoeChampion
Weekly Momentum On Major Pairs (Week 3/2024) First Thing First: This analysis is for “general overview only” as it is solely based on price action. That’s why it is called momentum analysis in the first place. Support/Resistant, Volume Macro view nor any other factors are not used during write up. Refer to the individual pair analysis for a more comprehensive write up. XXX/USD: Slightly Bullish Gold & Silver: Slightly Bearish XXX/JPY: Mixed Stock Indexes: Bullish BitCoin/ETH: Mixed Week 3 (13/1/2024)
by SonicDeejay
DOW - At ATH's 38k next Target. BLACKBULL:US30 is sitting at the top of the move with what is looking like one more move higher into 38k before we see a decent retracement. In the smaller TFs there is a pattern setting up giving us potential upside targets. I go into more details of these levels to watch in my group. Once the high comes in we look at the retracement to see if its going to be bullish or bearish. But first we need a top, then we can go from there. I hope this helps. Enjoy the week.
BLACKBULL:US30Short
by L_F
Market Breakdown: EURUSD, EURJPY, BTCUSD, US30 1️⃣ EURUSD daily time frame 🇪🇺🇺🇸 The pair is currently stuck within a narrow intraday horizontal trading range. We are expecting the US inflation data tomorrow and for the market participants it will be the important trigger. Monitor the reaction of the price to the boundaries of the range and look for a confirmation. That will be your signal. 2️⃣ EURJPY daily time frame 🇪🇺🇯🇵 The market is currently breaking a solid daily supply area. If the price breaks and closes above that on a daily, it will be a strong bullish signal. A bullish continuation will be anticipated to 161.0 level then. 3️⃣ BITCOIN weekly time frame ₿ BTC nicely respected a major weekly structure resistance. After its test, we see a strong bearish reaction. I would anticipate a continuation of a correction for now. 4️⃣ Dow Jones weekly time frame The market set a new historic high before it closed on Christmas holidays. Now it looks quite overbought. I would recommend waiting for a pullback to one of the underlined supports. They can provide perfect points to buy the index from. Do you agree with my market breakdown? ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
1
U.S Equity Index’s Overview – A Repeating PatternU.S Equity Index’s Overview – A Repeating Pattern The Bull Thesis – Ascending Triangles The 200 day (blue line on each chart) is squeezing price up towards each red resistance line making each chart look like an ascending triangle (evident on every chart). With the 200 day as underside support for price and the 200 day sloping upwards, things remain positive. The Bear Caution – Throw overs, Transportation Lag and the Hidden Wedge We need to be aware and cautious of a throw over top on each chart which is always a possibility. Price on each chart would need to fall back below the red support line (pricing having only been thrown over the red line to come back down again). The DJ:DJT – Transportation (Chart 1) is lagging behind all the other charts and has not taken out its Nov 2021 or Jul 2023 highs. This relative weakness in Transportation is worrying as this index offers an early indication of potentially less manufacturing and goods being transported, with this chart lagging and failing to take out its highs, it could be an early indication of a more pronounced slowdown in the economy. This chart we need to keep a very close eye on. If DJT fails to rise above its red line and loses the 200 Day, this could be a very bad signal. We also need to be aware of how one important chart is showing a rising wedge pattern (Chart 3 – Major Market Index TVC:XMI ). This old school chart is watched by the OG traders and investors as a more general market chart. Lets keep an eye on the upper diagonal on the rising wedge for resistance on this one. A rejection here could be something of an early warning sign and obviously losing the red support line would confirm this. Charts 4 - 6 4. S&P 500 SP:SPX 5. NASDAQ NASDAQ:NDX & 6. US Small Cap 3000 TVC:RUA All these charts appear to be about to break into all time highs, however they are slightly lagging the Dow Jones Industrials TVC:DJI and the Major Market Index TVC:XMI which have broken all time highs. In the Charts 4 - 6 break out above their red lines (above recent all time highs), this could be another confirmation signal of bullish momentum. Obviously a rejection at this level does not bode well. SUMMARY In this hard to navigate market environment we need to pay attention to DJT (Chart 1) and XMI (Chart3) as they provide clear boundaries that we can watch for hidden bear signal warnings. On the contrary, in the even these charts and charts 4 - 6 breach their respective resistance levels mentioned above we can be assured that the wind is at out back in this currently confusingly bullish market. If you like this overview please let me know and I will complete similar overviews for other markets and indices. Thanks for reading PUKA
TVC:XMI
by PukaCharts
DOW JONES Correction has started. Where can it stop?Dow Jones (DJI) started a strong decline since our December 29 2023 sell call (see chart below), the strongest since the remarkable rally started on the October 29 bottom: On today's analysis, we want to look into the same market dynamics and the pattern we drew 10 days ago but this time on the 1D time-frame. What stands out the most is that this time on the January 02 2024 High, the RSI peak that was made a few days back on December 19 2023 (hence the Bearish Divergence) was a (much) Higher High that the previous two (red arrows down) on the Higher Highs trend-line (July 26 2023 and April 13 2023), that was made on the vastly overbought level of 87.50 (highest since January 11 2018). Our short-term target remains 36750, which represents the 0.618 Fibonacci retracement level from the Jan 02 High. The other feature on this 1D chart that stands out is the 38.50 1D RSI Support, which provided rebounds on May 25 2023 (long-term) and August 24 2023 (short-term). That RSI Support reveals where our first buy attempt should be. Price-wise that could be as low was the 0.5 Fibonacci retracement level (35100) of the October 27 Low. By the time it potentially makes contact with it, the 1D MA200 (orange trend-line) could be there as well. A medium-term candidate is also a -4.50% range from the Jan 02 High, which would give us 36150 and is where the 1D MA50 (blue trend-line) is headed right now. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30Short
by TradingShot
1
US30This big boys came to play with NFP but was equally sorted out without regret. 4H -Serious Doji - Hanging man as the closing candle * Evening Star 1H * 3 touches on either side of the channel * Bearish channel confirmation * Rection and close under 37500 - 37400 can be the next resting place - 37300 is the next significant level should it fall 15Min - Price in a squeeze, we should be expecting a breakout next (one that will be very impulsive) - 37327 area around where double/triple bottom happened - 37520 break = Shoot up (bullish momentum)
PEPPERSTONE:US30Long
by Mhangwane1
S&P500: Moving to the DowOverview I decided it was time to start taking control of my own retirement account. For years my account has been pulling in mediocre gains and the only reason I've put up with it for so long is because: 1) it took me years to hone my trading skills and 2) my employer matches my contributions. Well, after reviewing my available fund allocations and performing a quick technical analysis of the respective funds, I decided to pull completely out of the S&P500 ( SP:SPX ) and placed them into the Dow Jones ( DJ:DJI ). Technical Analysis SP:SPX A double top has appeared on the 1W chart. Combined with dwindling volume on top of increasing value, I think it's ready to fall. Utilizing Fibonacci retracements I believe a good time to re-enter the S&P 500 will be in the range of $2200-$3200 USD. DJ:DJI While it is still slightly early to confirm, it appears that the Dow Jones has escaped the double-top and in my opinion looks coiled up and ready to spring. Utilizing Fibonacci retracement levels -- supported by increasing volume with rising value -- $56.8K appears to be a practical price target.
SP:SPXShort
by Shepherd_Investor