US30 Breakout Setup – Targeting 43700 and 44000 US30 is showing strong bullish momentum with price holding above an ascending trendline,
I am currently seeing consolidation near a key resistance level if price breaks above 43346 it could signal a good buying opportunity,
I am targeting two main levels for take profit:
First target: 43700 (minor resistance).
Second target: 44000 (psychological level).
My Stop Loss is set just below 43000 to protect the trade, right under the 0.618 Fibonacci retracement and trendline support,
Trade Setup:
Buy Entry: Above 43346 on a confirmed breakout.
Stop Loss: Below 43,000 (protected by the Fib 0.618 level and trendline).
Take Profit 1: 43700
Take Profit 2: 44000
This setup has a strong risk reward profile and follows the ongoing bullish trend in US30, Watch for a strong breakout before entering the trade!
Best of luck!
Dowjoneslong
Dow Jones Hits All Targets! Bullish Surge CompletesThe Dow Jones has demonstrated a strong bullish trend, with the long trade reaching and completing all profit targets.
Key Levels
Entry: 42078.17 – The long position was entered as the price broke above this level, confirming bullish sentiment.
Stop-Loss (SL): 41954.95 – Positioned below recent support to manage risk in case of a pullback.
Take Profit 1 (TP1): 42230.47 – The first target was achieved, confirming the continuation of the upward trend.
Take Profit 2 (TP2): 42476.91 – The second target was hit as the bullish momentum continued.
Take Profit 3 (TP3): 42723.35 – Momentum carried the price to the third target.
Take Profit 4 (TP4): 42875.65 – The final profit target was reached, signaling a strong rally.
Trend Analysis
The price is comfortably trading above the Risological Dotted trendline, confirming the strength of the bullish momentum. With all targets hit, the trend continues to reflect a strong upward movement, supported by positive market sentiment.
The long trade on the Dow Jones successfully hit all profit targets, with the final TP4 at 42875.65 marking the end of a highly profitable trade. Strong support from the Risological Dotted trendline and continuous upward momentum suggest that the market is favoring bulls in this period.
Expect an upward correction for the Dow JonesIt seems that we have an upward correction ahead for the Dow Jones index. This rise can occur from the current areas or a little lower and from the overlapping range of the previously broken ceiling in the daily time frame and EMA20 of the same time frame. The purpose of this rise of the Dow Jones index can be the purple box in the first step. And in the final step up to about 41,000
Dow Jones surges to record highs on Fed easing expectationsThe Dow Jones Industrial Average (DJIA) ascended to record highs on July 16th, 2024, fueled by mounting expectations of a Federal Reserve policy shift towards a more accommodative stance.
Fundamental Drivers:
Federal Reserve Policy: The CME FedWatch Tool currently suggests a near-certain likelihood of at least a 25-basis point interest rate cut by September, with the upcoming July FOMC meeting potentially maintaining current rates. This anticipated monetary easing is bolstering investor confidence, particularly in sectors sensitive to interest rate fluctuations, such as industrials and small-caps.
Economic Data: Recent economic data releases, including stable retail sales figures, point towards a potential "soft landing" for the U.S. economy. This reinforces optimism and supports the ongoing market rally.
Sector Rotation: Investors appear to be strategically shifting away from large-cap technology stocks, which have thrived in a low-interest-rate environment, and allocating capital towards sectors anticipated to outperform under rising interest rates.
Confirmation: The significant rise in UnitedHealth Group Inc. (UNH) on July 16th (up 6.11%) exemplifies the strength in non-technology sectors.
Looking Forward: The Dow Jones' momentum remains robust, and further upward potential exists if upcoming economic data continues to align with the Fed's potential easing narrative. Investors will be keenly focused on forthcoming economic releases and the July FOMC meeting for any insights regarding the timing and magnitude of potential rate cuts.
Dow Jones Leading the indices? Next target sky highExtended W Formation has formed on Dow Jones.
WHile other indices and stock exchanges are falling or moving sideways, this one is racing up without any shackles.
There's always been a price breakout above the downtrend since Aug 2023.
All in all, it's looking very bullish and is showing upside to come.
Target R35,689
What's interesting is the DOw Jones, SP500 and Nasdaq are normally the leading indices. So could this be a prediction that other indices (including ours) are ready to rally to new HIGHS of the year?
If so, we need to prepare for this possibillity with hedging carefully.
UPDATE US 30 ready to break above Ascending Triangle T 39,699Ascending Triangle continues to form on US 30.
It's looking great and we need that one strong catalyst to push it up further.
With the PPI, CPI and NFP out the way - now we can get better momentum for it to rise.
Price>200
RSI>50
Target 1 - 39,699
US30 BUYHello, according to the Dow Jones Index analysis. There is a high probability of going up. After breaking the descending channel. A very positive green candle. on the clock frame. The price is trying to break the strong resistance at 33450. Good luck to everyone .Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
Dow Jones showing upside thanks to BOS up and C&H to 34,826Cup and Handle recently formed on Dow Jones.
This broke the downtrend and now price has decided it's going bullish from here on.
Indicators look strong for upside.
7>21>200 - Bullish
RSI>50
SMCANALYSIS
There was a Break of Structure UP which helps confirm with the upside to come.
We can place the stop loss below the handle by the Sell Side Liquidity levels.
Target 34,826
AW Dow Jones Analysis - Long Trade Setup Chart...All the analysis details are in the video below, here I am just posting the chart for the trade setup.
If the move up in 2020\2021 is Wave (A) of Wave D then we are trading Wave (C) in 2023.
This comes at a time when most people are still extremely bearish.
I am sure you will agree that doing the opposite of what everyone else is doing is wise.
Entry: 34,756
Stop Level: 32,569
Target: 66,000 (or less)
Watch the Long Trade Setup and Bigger Picture video ideas below in related ideas.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
AW Dow Jones Analysis - Watch This for a Long Trade Setup...As a follow up to yesterdays in depth analysis of the bigger picture for the Dow Jones, there is also a long trade setup to speak of.
So far I can see no issue with the current setup and only expect higher prices from here.
It would appear that whilst most people are still quite bearish, the waves paint a different picture.
This contrarian view has the potential for a decent return with low risk.
Entry: 34,756
Stop Level: 32,569
Target: 66,000 (or less)
Watch the bigger picture video below in related ideas.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
US30 Favoring Buys until PRZ is broken!Price sitting at the demand level that created the BOS, i'm favoring buys here until we get a solid break/candle close below the PRZ then i'll look for retests and short opportunities down towards the DL!
Let me know your thoughts!
US30 AnalysisUS30 will define after the market opening whether it will be bullish or bearish today.
Sell trade can be taken if the price gets rejected from the resistance level which is 33950
& buy trade if the breakout happens.
Good Luck.!!
US30 Analysis & Trade PlanUS30 is looking bullish today, After tomorrow's rally & the breakout of the trendline, at the current Market Price US30 can make a move down to retest the trendline & Support level.
I'm looking at the 33480 - 33550 level to enter the long trade after the confirmation in lower timeframes.
And my Last take profit will be around 33950.
Bullish Signals:
1. 4hr Bullish trend continuation
2. Trendline Support
3. 33547 Support level
4. 0.5 & 0.382 Fib Support
DOWJONESDowjones made double bottom pattern 0n an hourly chart & confirmed it by breaking/trading above 30454 which happens to previous swing high.
If everything(russia-ukrain & china-taiwan) goes well & dowjone break/trade/close above 31021 level then it ll xplode & get ready for one way rally of 32500 in 5-6 trading sessions.