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Dowjones30

US30 H4 - Long Signal US30 H4 Something like this would make sense for us on Dow Jones, we gapped up massively to start the week and we are still looking to continue higher, once the dust has settled, we can see where we are on US30 and which zones are in play. Hopefully we can gain something buy catching longs from this 42,300 price when it trades higher and retests again as support price. We saw a big selloff Friday, dumping as much as 600 points in a single 4 hour period, seeing that move correct and sustaining would be a requirement for what we are after. The market gaps were no doubt significant, being in excess of 100 points.
BLACKBULL:US30Long
by Trade_Simple_FX
DowJones - 4H Bearish SetupBLACKBULL:US30 has been exhibiting signs of bearish pressure, despite recent upward movements. The chart shows a significant decline below the ascending trendline. The recent upward movement appears to be a pullback, potentially setting up for further declines. Two key resistance zones have been identified on the chart, where the index may face renewed selling pressure. Fundamentally, the broader economic environment is contributing to the bearish outlook. The possibility of a recession looms large as the Federal Reserve has postponed rate cuts in response to persistently high inflation. Rising unemployment claims are another concern, signaling potential economic weakness. These factors are creating an environment where risk assets like the Dow Jones are likely to struggle, and any rallies may be short-lived. The current pullback in the TVC:DJI could provide a better entry point for those looking to short the index. The key resistance levels identified on the chart could serve as optimal zones for initiating new short positions, with the expectation that the index will continue its downward trajectory. Given the macroeconomic uncertainties and technical setup, traders should remain cautious and consider the potential for further declines in the Dow Jones Industrial Average. This cautious stance is supported by both the chart analysis and the broader economic fundamentals.
BLACKBULL:US30Short
by Sober_Trading
DJ30 FORECASTBased on the OANDA:US30USD chart, the price at 38790.0 is above the pivot point of 38753, indicating a bullish sentiment. If the price stays above this pivot, it could move towards Bullish levels at 38906 and 39022. Conversely, if it drops below the pivot point, it could target Bearish levels at 38637 and 38484. The current bias is bullish, but close monitoring around the pivot point is essential to confirm the market direction. Key Levels: Bullish Lines: 38818, 38906, 39022, 39165 Pivot Line: 38753 Bearish Line: 38637, 38484, 38279
OANDA:US30USD
by RojBarwari
UPDATE: US 30 trend trading haven to 40,000This is a bit out of my expertise. THe price broke above the pattern and reached the first target. Since then it's bneen a trenders market. Simply buying, holding and raising stop losses above in case the trend changes. They have their systems and strategies, and I'm just waiting for a Breakout pattern to form. However, the price is above both 20MA and 200MA which makes the bias continued to be bullish. The next target I can imagine is none other than a psychological level at 40,000. Then we could see consolidation and range boundedness for a while.
CAPITALCOM:US30Long
by Timonrosso
The Great Fall of Dow Jones could be nearThis is a trimonthly (MN3) chart of DJI. Including 125 years of history, ALL that we have of it. It has taken DJI 35 years to reach this giant resistance. From the mid-channel in 1988. The divergence and weakening of momentum is obvious. This is a closer look: I don't see how it can cross this resistance before falling a great distance down. It is not impossible-nothing is- but I wouldn't want to invest in this market for the long term. This will take a long time to happen, but I believe a great fall is coming. A period of negative economic values, even a worldwide crisis. This is not something that can be caused by an internal US crisis only. It can and will include the whole world.
DJ:DJIShort
by solitude79
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