US30 grow and falling in trend In the first days of November, the price began to grow and within a month rose to the resistance line 30275.
Then the price movement began in the channel.
The channel has a slight upward slope.
The price has been moving in it for a month now. FOR the month, the price has never broken through the channel line (resistance, support).
For the past few days, she has been moving in the middle of the channel without touching the lines.
And after a slight pullback, it began to grow.
I expect the price to move in two stages:
1. Growth to resistance 30581
2. Fall to support. The target is 29745.
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Us30-short
US30: Will Start Falling! Here is Why:
Hey traders,
Here is our technical analysis on US30.
The level where the price is trading right now is major
and the price will most likely bounce from that.
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US30 will touch resistance line and FALLIn the first week of November, the price received a small upside impulse from the support line. And, having risen, she began to form a channel. In which it moves all this time.
But on the larger timeframe, you can see that strong growth began even earlier, from the point - 26464.
Such an impulse, together with an already explicit channel, form a flag pattern.
After exiting the pattern, the price should continue its trend. And knowing this while we can predict the nearest price movement.
She recently touched the lower border of the channel - the support line. And has almost reached the line of resistance. Therefore, I expect the price to touch the resistance at 30150 and then fall.
Target - support line 29368.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
US30 will continue falling to support line Since the beginning of August, the price has been moving in characteristic growth-fall waves, regularly changing trends.
I have marked the last four movement changes on the chart.
Price trends change with a difference per month.
For example, from August to September there was an increase, from September to October - a fall.
The last upward trend took place from late October to mid-November.
And already on November 16, the price began to fall.
All these movements fit between the support and resistance lines (which are also the lines of the ascending channel).
Now the price is just near the resistance line.
But I expect that it will continue to fall and this fall will end at the support line.
The target is 28435.
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US30 new signal to sellAs I said in my previous forecast, the price is heading towards a strong resistance line.
She has almost reached this line.
Also, this line is the upper line of the ascending channel (which has existed since June 2020).
The price movement in the channel all this time was natural and very predictable.
Therefore, I believe that as soon as the price reaches the resistance line, you can open a sell.
SL - above the resistance line.
TP - along the support line.
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US30 good time to sellSince June 2020, the price has been moving in an upward channel.
At the end of October, it broke through the lower line of this channel - the support line. But it immediately rose and returned to its previous position.
After this breakout, the price was growing steadily.
Now it has come to the upper border of the channel - the resistance line.
Bounced off her. Corrected. And it starts to fall again.
This is a good time to open a sale.
SL - above the resistance line.
TP - along the line of support.
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US30 will FALL after short growthAt the beginning of this week, the price showed a strong movement; within one day, it rose rapidly. During the growth, it was able to break through two support lines at once. One of which is very strong on this chart.
It has been running since January 2020.
We see that during the growth, the price approached the resistance line - it is the line of a short upward. However, it began to fall without touching it and is now close to the support line.
Since the price recently touched this line and is now growing, this can be regarded as a correction and consolidation. Therefore, I think that the price will rise first and come to the resistance line. And then it will fall to the support zone at the intersection of the two support lines.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
US30 near the resistance lineBoth of my previous predictions came true.
During an extended strong rally, the price first reached the resistance line (and broke through it).
Then it continued to grow from this line, as if by instructions, having risen to the next resistance line (we were expecting this to open a buy).
At the moment, the price has almost approached the line.
I expect her to touch her.
The first touch of this resistance line was in February 2020.
Plus, the price advance was quite strong before that.
I expect that the price will not be able to break the line.
The target is the support line.
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US30 FALL after strong growthIn my previous forecast, it was said that after breaking through a strong support line, the price should return to this line and then rise.
As we can see, the price did not even need a large correction - almost immediately after the breakout, it went up.
This was expected as the support line is very strong and has existed since 2008. The fact that the price was able to break through it minimally and then rise was a good sign.
As a result of its growth, the price even managed to break through the support level. But now she has reached the line of resistance.
I expect that in the near future the price will reverse from this line and begin to fall. In this case, I expect a target - the support level of 27457.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
US30 - DAY TRADE VIEWUS30 - As per the hourly chart and candles it's losing the strength and about to break the trend.
My approach will be a sell here at current price 28690
Maintain stop loss around 28740
Potential downside target 28615 - 28530
Follow the levels as mentioned on the chart and written here in the description.
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US30 go DOWNThe price is now on the resistance line. And in the future, I expect the price to go down to the support line.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
US30 shortDespite the breakdowns of the lines, the price came to the resistance zone. And I expect it to roll back down. The target is the nearest support level of 27431.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
US30 may CRASHWell crash is abit exaggerated but i think US30 will continue to fall throughout the week with alot of pips to be caught!
As you can see last week price failed to make a higher high and rejected a major resistance level, price has plumeted breaking all previous key levels and it doesnt look like its stopping any time soon.
We are currently breaking another support level, we are simply waiting for a break and retest nothing complicated thats how we like to trade here at AshFX, nothing complicated about that right?
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US 30 - DAY TRADE VIEW.US 30 - I am expecting a downfall here, Trade as per the levels mentioned on the chart, You can sell at the current market price or can wait for the support breakdown for a strong confirmation. Follow the levels as mentioned.
All the best cheers ....Happy trading
Traders, If you liked my analysis or have an opinion about this given levels , write in the comment section.
Thanks !!
US 30 - DAY TRADE VIEW.US 30 - I am expecting a downfall here, Trade as per the levels mentioned on the chart, You can sell at the current market price or can wait for the support breakdown for a strong confirmation. Follow the levels as mentioned.
All the best cheers ....Happy trading
Traders, If you liked my analysis or have an opinion about this given levels , write in the comment section.
Thanks !!
US 30 Weekly Analysis.Refer the chart for detailed analysis ;
US30 - Seems to be following the zig-zag pattern, last closing is on a weaker note. The approach should be SELL ON RISE and the proper stop and potential downside is already mentioned over the chart.Meanwhile I will keep posting DAY TRADE VIEW on this so stay tuned to get updates with any changes in the market scenario.
Traders, If you like this analysis hit the like button, and if you have any points to discuss regarding this trade, Write in the comment section.
Cheers..Happy trading..Thanks !!
US30 Market Forecast for the upcoming weekThis is my analysis on the Down Jones Industrial Average Index on a 4 hour chart. Pretty self explanatory.
Looking to catch the longer term downside move