DOW30.US30 - WHY WE HAVE NOT BEEN TRADING THE DOWTeam, since last week, we have not traded much on the DOW.US30
WHY? Because due to the elections, the market can be very manipulated.
But today, we found an excellent small recovery on the DOW.
We are entering at 41820-35
STOP LOSS at 41766
with target 1 at 41886, BRING STOP LOSS TO BE once the target hit
target 2 at 41935-45
target 3 at 41976-92
US30
DOW JONES Quick sell signal before the elections result.Dow Jones is trading inside a Channel Down since October 21st.
Following the rejection on the MA200 (1h), it started the new bearish wave.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 41400 (-2.70% decline like the first bearish wave of the Channel).
Tips:
1. The RSI (1h) is also printing a Rising Support pattern like the one during the previous bearish wave.
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Notes:
Past trading plan:
US30 / Consolidation Zone with a Bearish BiasUS30 Technical Analysis
The price has a consolidate between 42130 and 41970
Bearish Scenario: Breaking 41970 by closing 1h or 4h candle under it, will be a bearish trend to get 41740 and then 41560
Bullish scenario: any breaking above 42130 will support the bullish trend to get 42290 and 42450
Key Levels:
Pivot Point: 42130
Resistance Levels: 42290, 42450, 42590
Support Levels: 41970, 41750, 41560
Trend Outlook:
- Bearish by stability below 41970
- Bullish by stability above 42130
- Consolidation 41970 and 42130
DreamAnalysis | Dow Jones Focus Key Levels and Strategic Moves✨ Today’s Focus: Dow Jones (US30) – A Major Market Influencer
We’re diving into the latest NASDAQ price action to pinpoint crucial levels, assess potential trends, and uncover strategic trading opportunities.
📊 Market Overview:
Currently, Dow Jones is positioned in a Discount. The price has broken through significant Seel-side liquidity levels, including the Relative Equal Lows Taken and now is having a retracement back higher, setting the stage for a potential move toward the Previous Week High ( PWH ). A Bullish Smart Money Technique (SMT) signal also aligns with the SPX500 (ES), hinting at possible headwinds.
🔴 Short- and Long-Term Outlook:
We’ll explore both bullish and bearish setups, equipping day traders with insights to approach both short-term and long-term trends effectively.
🗣 Short-Term Outlook:
In the short term, two scenarios could play out: either a push into the Buy Side Liquidity targeting the Previous Week High ( PWH ) and after that leading to a lower move. Lower timeframes will be crucial for monitoring these moves—drop down to spot key market movements in real-time.
🗣 Long-Term Outlook:
Looking long term, there’s potential for a pullback into a Premium level. For entries, tracking lower timeframes is essential. The Bullish SMT divergence with SPX500 (ES) reinforces the possibility of a Upward expansion.
🕓 Key Levels to Watch:
These levels will likely shape price movement:
- PMH: Previous Month High
- PML: Previous Month Low
- PWH: Previous Week High
- PWL: Previous Week Low
- BSL: Buy-Side Liquidity
- SSL: Sell-Side Liquidity
Fair Value Gaps (FVGs) serve as pivotal retracement zones, potentially guiding the next price movement.
📈 Bullish Scenario:
In a bullish setup, watch for Low-Resistance Sell-Side Liquidity sweeps on lower timeframes (LTF). Look for entry signals targeting higher levels, including a potential move toward the all-time high (ATH).
📉 Bearish Scenario:
For bearish trades, focus on lower timeframes such as the 15-minute chart. Short entries within the 4-Hour Imbalance or a breakdown of Low-Resistance Buy-Side Liquidity provide further confirmation.
📝 Final Thoughts:
Stay adaptable as market dynamics shift. By monitoring these key levels and setups, you’ll refine your strategy and increase the potential for high-probability trades.
🔮 On the Radar:
We’re also tracking NASDAQ, DXY, EUR/USD, and other major markets for evolving insights and timely updates.
⚠️ Disclaimer:
This analysis is for educational purposes only and not financial advice. Always do your own research and consult a licensed financial advisor before making any investment decisions.
SasanSeifi| Where is the Next Support?Hey there, ✌ In the 10-hour timeframe, the Dow Jones Index has been correcting from the 43,300 price range. With a structural break around the 42,700 to 42,500 zone, the price entered a corrective phase, reaching down to 41,700. Currently, it is trading around 42,000.
The general outlook leans more towards a bearish scenario. One potential scenario is that after some slight upward fluctuations or sideways movement, if the 42,500 supply zone doesn’t break, we may see further correction to lower levels around 41,400 and 41,300. Following this, a range-bound movement is possible upon reaching these levels.
Should there be a correction in the price trend, it’s important to watch the price reactions in these zones to better understand the continuation of the movement. Additionally, if demand picks up and the critical 42,500 level breaks and holds, we could see a further price rise toward the 42,700 and 43,000 levels.
💢This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
US30Regarding Us30 two situations may take place however the end is the same ( falling)
Situation one : retracement from 41848 or 41452 level
To 42494 and continue to fall
Situation two : retracement from above mentioned levels
To higher high at 43389 forming a double top pattern and end up to fall .
The accending channel is broken so situation two is acceptable for me .
US30: Volatile Day Ahead with Key Levels in FocusUS30 Technical Analysis
The price has reached our previously highlighted support level at 41,745, bouncing back toward resistance.
Currently, as long as trading remains below 41,970, we anticipate a downward trajectory toward 41,750, with further decline potential to 41,560 if breached. Additionally, news events are adding pressure to the outlook.
Bearish Scenario: Sustained trading below 41,970 may drive the price lower toward 41,750, and ultimately to 41,560.
Bullish Scenario: A break above 42,130 could reinforce a bullish trend, pushing prices to 42,290 and potentially to 42,450.
Today’s market is expected to be highly volatile due to the release of the NFP, Unemployment Rate data, and earnings reports, which will likely have a strong impact on indices.
Key Levels:
Pivot Point: 41970
Resistance Levels: 42130, 42290, 42450
Support Levels: 41750, 41560, 41350
Trend Outlook:
- Bearish by stability below 41970 and 41740
- Bullish by stability above 42130
- Consolidation 41970 and 41750
previous idea:
DOW JONES: Bottom of the Channel Up.Dow Jones turned bearish on its 1D technical outlook (RSI = 42.00, MACD = 51.000, ADX = 21.000) as it almost hit the bottom of the Channel Up pattern. It is about to form a Death Cross on the 4H timeframe, which will be the first since August 8th that was technically the bottom of July's correction and start of the current Channel Up. We expect the bottom to be priced either today or tomorrow and the RR is good enough to buy. We aim for the 1.5 Fibonacci level (TP = 44,000), which priced the previous two HH.
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US30 / Key Levels for Breakout from Consolidation ZoneUS30 Technical Analysis
Following the retest at 42,450, the price has dropped approximately 500 points as anticipated.
Currently, US30 is expected to consolidate between 41,970 and 42,130 until a breakout occurs.
Bearish Scenario: The price needs to break 41960 and stabilize under it to continue the bearish side toward 41740 and 41560
Bullish scenario: any breaking above 42130 will support the bullish trend to get 42290 and 42450
Key Levels:
Pivot Point: 41970
Resistance Levels: 42130, 42290, 42450
Support Levels: 41750, 41560, 41350
Trend Outlook:
- Bearish by stability below 41970
- Bullish by stability above 42130
- Consolidation 41970 and 42130
Dow Jones Index (US30): Support & Resistance Analysis
Here is my latest support & resistance analysis for US30.
Resistance 1: 42450 - 42720 area
Resistance 2: 43280 - 43310 area
Support 1: 41616 - 41886 area
Support 2: 40850 - 41182 area
Support 3: 40000 - 40240 area
Consider these structures for pullback/breakout trading.
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Bullish bounce off pullback support?Dow Jones (US30) is falling towards the pivot and could bounce to the pullback resistance.
Pivot: 41,894.89
1st Support: 41,497.27
1st Resistance: 42,478.07
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
DOW JONES Channel Up near its bottom. Solid buy.Dow Jones / US30 is trading inside a Channel Up since late August.
The price is about to enter the buy zone of the pattern.
The previous bearish leg made a -3.81% correction before it bottomed and initiated the bullish leg to the 1.618 Fibonacci extension.
We expect a strong rebound from the current prices, so buy and target 44100 (just under the 1.618 Fib).
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US30 / Dow Jones Buys!!!Analysis Confirmation
1. Fibonacci Levels: I’ve marked the 0.618, 0.786, and 1.618 Fibonacci levels, which align well with potential reversal and target areas. The 0.618 level at approximately 42,327 acts as support, while the 0.786 level around 42,479 provides additional confirmation near the breakout point.
2. Descending Triangle Breakout: Your chart shows a descending triangle with the resistance trendline below the 42,500 area, indicating a potential breakout if the price can close above it. This pattern suggests bearish exhaustion, so a breakout above the trendline could initiate a bullish move.
3. Target Levels: You’ve set the 1.618 and 2.618 Fibonacci extension levels as potential targets, at approximately 42,884 and 43,374 respectively. These strong resistance zones give realistic take-profit levels if the breakout occurs.
4. Moving Averages and Support: The price is supported by the 200-period moving average (black line) and is currently testing the 50-period moving average (blue line). A break and hold above the 50-period moving average could signify bullish strength.
Trade Description
Entry:
- Enter a buy position on a confirmed breakout above the 0.786 Fibonacci retracement level around 42,479. Look for a strong close above this level to confirm momentum.
Stop Loss:
- Set a stop loss below the 0.618 Fibonacci retracement level, around 42,340, to manage risk in case of a pullback or false breakout.
Take Profit:
- First target: 1.618 Fibonacci extension level around 42,884, which could serve as the initial resistance.
- Second target: 2.618 Fibonacci extension level around 43,374, if bullish momentum continues.
Risk Management:
- Keep your risk per trade low, ideally around 1-2% of your account balance, especially if this is part of your account growth strategy.
I see the Dow Jones index going down soon!Considering the political developments in the world as well as the upcoming American elections, and on the other hand, according to the economic data published in the last few weeks, it seems that the Dow Jones index will start to move downwards from this price point! The long-term target is specified in the chart
US30 / Key Levels for Bearish Continuation or Bullish BreakoutUS30 Technical Analysis
The price has declined from the previously identified resistance line and is now approaching 42,125. A break below this level is necessary to continue the current trend.
Bearish Scenario: The price must break below 41,960 and stabilize beneath this level to extend the bearish move towards 41,560.
Bullish Scenario: US30 is likely to consolidate between 42,125 and 42,450. A breakout above 42,450 and subsequently 42,590 would strengthen the bullish outlook, targeting 42,770 and 42,910.
Key Levels:
Pivot Point: 42125
Resistance Levels: 42430, 42590, 42770
Support Levels: 41960, 41750, 41560
Trend Outlook:
- Bearish by stability below 42125
- Bullish by stability above 42450
PREVIOUS IDEA:
US30 REVERSAL MIGHT BE LURKINGThe US30 is currently in a corrective phase but approaching key support and liquidity levels. A potential bullish reversal is expected from around 42,530, targeting the buy-side liquidity near 43,330. I'll be watching for reactions around the SSL and FVG for entry opportunities, with a stop below 42,393 for risk management.
GLGT!!
LloydFx
Dow Jones Potential UpsidesHey Traders, in tomorrow's trading session we are monitoring US30 for a buying opportunity around 41900 zone, Dow Jones is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 41900 support and resistance area.
Trade safe, Joe.
Gold 1H Intra-Day Chart 28.10.2024Gold did push up which we did say would be a possible option. Currently at a new ATH of $2,774! Here is what I am looking for next;
Option 1: Gold bullish momentum now slows down & starts dropping towards $2,718.
Option 2: Gold pushes a little higher towards $2,785 next.
DOW JONES Bottom is being formed. Buy for 44000 immediate TargetDow Jones (DJI) eventually made a bullish break-out on our last analysis (October 08, see chart below) and hit our 43200 invalidation Target:
The 3-month Channel Up is still holding and the price is now on the 4H MA200 (orange trend-line) and near the bottom (Higher Lows trend-line) of the pattern. The 4H RSI has completed a bottoming sequence similar to the September 11 Higher Low.
As long as the 1D MA50 (red trend-line) supports (closes 1D candles above), this will be a buy opportunity. Our Target is 44000, which is the 1.236 Fibonacci extension, similar with the previous Higher High.
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US30 Holds Bearish Bias Below Key Resistance LevelsUS30 Technical Analysis
As long as trades under 42450 will support a bearish trend to touch 42125and below that will get 41950 as well
Stability above 42,125 may prompt a move toward 42,300 and 42,450; however, a bullish reversal requires a breakout above 42,590.
Key Levels:
Pivot Point: 42280
Resistance Levels: 42770, 42910, 43050
Support Levels: 42125, 41950, 41750
Trend Outlook:
- Bearish by stability below 42450
- Bullish by stability above 42590
previous idea: