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Dowjones

US30 STILL VERY BULLISH (buys from 38500.0 back up)US30 continues to appear bullish to me, and I anticipate a temporary retracement to eventually mitigate the daily demand zone I've identified. Within this zone, there's also an Asian low that I expect to be taken out through a spring from a Wyckoff accumulation. Once this occurs, price would have reached the refined 10-hour demand zone, where I plan to enter buy positions, potentially leading to a new bullish rally and the creation of new highs. However, I'll be keeping an eye on NFP Friday to see its impact on the Dow Jones, which promises to be interesting! Confluences for US30 sells are as follows: - Price has formed a daily demand zone that could cause another bullish rally for us30. - Trend line liquidity forming just before the demand which I see as a trap for early buyers. - Liquidity to the upside still left and overall market trend is very bullish. - Price has broken structure the upside on the higher time frame confirming trend. P.S. Should price opt to breach the entire daily demand zone during NFP week to eliminate the liquidity beneath it, I anticipate a temporary bearish sentiment, given that it would have violated significant downside structure. HAVE A GREAT TRADING WEEK AND BE CAUTIOUS OF NFP FRIDAY!
OANDA:US30USDLong
by Hassan_fx
2
Dow Jones in Focus: Fake Rally?Today, we're taking a closer look at the Dow Jones Index, specifically the E-Mini Dow Jones Futures. It appears we're in Wave (2), overshooting the target and forming an Expanded Flat correction. If there's a turnaround here, typical for such waves, we might see a correction somewhere between 50% and 61.8%. We consider more than 78.6% unlikely, so we're betting on a correction in the 50 to 61.8% range. Digging deeper, we've spotted an exciting pattern: a short Wave (i), followed by a long Wave (ii), a quick Wave (iii), and a very brief Wave (iv). This sequence could lead us to either Wave (v) or a larger B wave. Should the index continue to climb, we'll need to rethink everything. Surpassing the $40,000 mark would mean we're entering a new uptrend, requiring a different analysis. For now, we're leaning more towards a downward movement than an upward one. After much consideration, we've decided to initiate a short position on the Dow Jones as a bit of a hedge. We're particularly cautious about unexpected market movements triggered by insider trades. This strategy isn't about putting all our eggs in one basket but about spreading our risk. In short, this strategy is our insurance policy. If the market continues to rise, any loss on the short position would be offset by gains in our long trades. Conversely, if the market declines, the short trade will help minimize our losses. This balanced approach keeps us flexible and eager to see what unfolds.
CBOT_MINI:YM1!Short
by stromm
DOW JONES (US30) Trend Following Setup Explained Dow Jones Index is currently retesting a recently broken horizontal resistance. Because the trend in strongly bullish, a buying wave may initiate from the underlined blue area. Our confirmation will be a bullish breakout - 4H candle close above a resistance line of a bullish flag pattern. A bullish continuation will be anticipated to 39080 / 39200 levels then. If the price drops and sets a new lower low, the setup will become invalid. ❤️Please, support my work with like, thank you!❤️
BLACKBULL:US30Long
by VasilyTrader
4
GBPJPY - GJ 1hrPull back! SELL Now ! 80+ pips on GJ GBPJPY has made a clean red candle below the support. Now that GJ has retested support and rejected it with a nice red candle we can take sell entries. Watch as GJ is near the weekly resistance . This zone has also been confirmed, so we can see a rejection to test previous support areas tp 1: 4hr and daily support tp 2: 3.82 fib tp 3: D1 support, if GJ breaks below this area look to continue selling *stop loss can be increased. please use proper risk to reward
Short
by nikdobii
DOW JONES Very clear bearish signal.Dow Jones (DJI) is approaching the top (Higher Highs trend-line) of the the 1.5 year Channel Up, while flashing a very unique medium-term sell signal. That is the 1W MACD Histogram, which is declining, a Bearish Divergence that during that period of time, has initiated 3 declines of more than -9% each. Given the fact that the current Bullish Leg of the Channel Up has extended to almost 21.9%, which is almost as high as the October - December 2022 sequence, we are expecting a medium-term correction back to at least the middle of the Channel Up. Target is 37120 (Support 1) and if a 1W candle closes below the middle, we expect a bottom around the 1W MA50 (blue trend-line) at 36000 (Support 2). ------------------------------------------------------------------------------- ** 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
3
DOW JONES: Still bullish inside the Channel Up.Dow Jones has turned neutral on the 1D technical outlook (RSI = 53.990, MACD = 135.700, ADX = 29.049) as it crossed under the 4H MA50 and is on a lengthy consolidation phase inside the two month Channel Up. The 4h RSI is on a Bearish Divergence, which doesn't mean much unless the 4H MA200 breaks, as the very same divergence emerged during the December - January consolidation. If the 4H MA200 breaks, we will prepare our short under the S1 level and target the top of the S2 zone (TP = 37,200). Until then, the Channel Up favors buying (TP = 39,500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30
by InvestingScope
US30 Analysis: Eyes on USD Strength Amid CPI DataHey Traders, in tomorrow's trading session we are monitoring US30 for a selling opportunity around 38570 zone, US30 is trading in an uptrend and currently seems to be attempting to break it out. If we get dips below the 38570 support we will be looking for a potential retrace of the trend towards more lows. The recent release of CPI data showing a higher-than-expected increase in inflation has bolstered expectations for USD strength. With inflationary pressures mounting, there's growing speculation that the Federal Reserve may adopt a more hawkish stance, potentially leading to a stronger USD. Furthermore, the negative correlation between USD and US30 suggests that a strengthening USD could weigh on the performance of US30.
BLACKBULL:US30Short
by JoeChampion
Improved CPI, but Market Collapse – What is Happening?Just about 1.5 years ago, inflation reached the highest point in recent decades. The January inflation number for 2024 was released on February 13th. Its CPI has improved from 3.4% for December to 3.1%. However, the major US stock indices collapsed more than 1% on the same day. Why is there such nervousness surrounding improved inflation, and what are its implications? Mirco E-minin Dow Jones Futures & Options Outright: 1.0 index points = $0.50 Symbol code: MYM Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
ECONOMICS:USIRYYShort
by konhow
TARGET REACHED - And ongoing to Target 2 - 40,0042The trade analysis we had for Dow Jones couldn't have played out better. On paper and theory, this just rocked to its first target 37,242. But then, it entered into a trending market. This is where it's very tough for breakout traders to get in. This is very tough for reversal traders to trade. This is very tough for range bounded trades to buy and sell. So, all we can do is wait for the trend to continue up and form a new pattern. Or continue holding and raising the trailing stop loss each week. But it looks like the next target is set for 40,0042. I'll wait and observe as it feels top heavy and I don't really have a good strategy to get in right now.
DJ:DJILong
by Timonrosso
us30 sellsUs30 reached resistance and started to show BOS to the downside on 5mins and 15mins. Upon seeing this I waited for retracment and rejections at entry zone of 38490.000 with sl@ 39520.00 (30pts). TP1: 38400.000 TP2: 38350.00 TP3: 38330.00 TP4:38150.00 * Where has the market moved since I entered my trade? Slight profits * If I looked at the market now, would I take the same trade? yes * How do I feel about my trade? nervous & unsure but optimistic.Glad it let the trade play out * What do I like about this trade ? My entry was good & stayed calm when price retraced up * What do I dis-like about this trade now? Price Was so choppy and still is but trust my analysis * On a scale of 1 to 10, where would I rate this Trade now? 8/10 * If I were not in a trade now, would I take the opposite trade ? No
CAPITALCOM:US30Short
by mrachaw