US30 TRADE: 13 Jan 2025price react at a strong demand zone to give off a MSS on the 15min and 1hr.
recovered my loss after GBPJPY trade today.
stick to the process!
US30
DOW JONES: contact with the 4 month Support Zone. Strong hold.Dow Jones approached the oversold limit today on its 1D technical outlook (RSI = 38.566, MACD = -404.260, ADX = 33.712) as it hit the S1 Zone, which is in effect since late September 2024. The last test of this Zone (November 4th 2024) also coincided with the 4H RSI getting oversold (under 30.000) and the price was also trading inside a Channel Down. By early next week, we expect the index to initiate a similar rebound, aiming at the 0.786 Fibonacci level (TP = 44,300).
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Bearish drop off pullback resistance?DJ30 is rising towards the resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could drop from this level to our take profit.
Entry: 42,400.11
Why we like it:
There is a pullback resistance level that aligns with the 50% Fibonacci retracement.
Stop loss: 42,712.31
Why we like it:
There is a pullback resistance level that is slightly above the 61.8% Fibonacci retracement.
Take profit: 41,786.49
Why we like it:
There is a pullback support level.
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usdnok go longOANDA:USDNOK
conclusion
monthly -down
weakly- down
daily - retracenent entry
only confirmation entry.no blindly entry confirm stoploss hit
US30 bullish ideasIs the December tax-loss harvesting done?
I am focusing on the two key levels for 2025. A sweet spot would be the 38 800 level but we will average in.
Falling towards 50% Fibonacci support?Dow Jones (US30) is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance which is an overlap resistance.
Pivot: 41,604.84
1st Support: 40,023.54
1st resistance: 43,3309.76
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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.
Long Biased Market -> Wait for CorrectionPrice is moving towards a weak low. This should be ignored and we should wait until we reach the stronger level of demand formed via double bottom + absorption pattern.
Bullish Order Flow, but we need to wait until we reach a fair value to enter this market.
Is it possible that the US30 index will continue to decline?
I think the Dow Jones index will continue to decline and correct over the next few weeks. The first target I have for this week is clearly shown in the image.
What do you think of my analysis?
If you like my analysis, just follow me.
Case Study of XAUUSD : Symmetrical Triangle BreakoutsXAUUSD, representing gold against the US dollar, is currently trading at 2680 and is expected to rise to a target price of 2800. The pair is breaking out of a main symmetrical triangle pattern, a technical indicator signaling a potential continuation of the bullish trend. This pattern forms during a consolidation phase, where price action narrows before a decisive breakout. Following the breakout, it is anticipated that the price will retest the breakout level to confirm its strength and establish a new support zone. Retesting is a common occurrence in technical analysis, reinforcing the breakout's validity and providing traders with confidence in the upward momentum. Once the retest is complete, the price is expected to resume its ascent toward the target. This scenario reflects a strong technical setup, attracting both short-term and long-term traders seeking to capitalize on the projected move. The symmetrical triangle breakout and subsequent retest indicate a well-structured path toward achieving the 2800 target.
DJIA H4 | Swing-high resistance at 61.8% Fibonacci retracementDJIA (US30) is rising towards a swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 42,953.75 which is a swing-high resistance that aligns close to the 61.8% Fibonacci retracement level.
Stop loss is at 43,370.00 which is a level that sits above the 38.2% Fibonacci retracement and an overlap resistance.
Take profit is at 42,139.85 which is a multi-swing-low support.
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Potential bullish rise?Dow Jones (US30) has reacted off the pivot and could potentially rise to the 1st resistance which is a pullback resistance.
Pivot: 42,239.75
1st Support: 41,800.58
1st Resistance: 42,858.37
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.
US Treasury Yield and USD concerns. Market Update 1-8-2024Looking over the 30 yr bond as well as the DXY Chart. Also, breaking down the US equity markets and what possible hurdles we may be facing in the short term.
US30 Potential UpsidesHey Traders, in today's trading session we are monitoring US30 for a buying opportunity around 42200 zone, US30 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 42200 support and resistance area.
Trade safe, Joe.
US30: A Thrilling Ride to New Heights or a Deep Dive?Morning everyone, here's what we're looking at with the US30:
If it goes above 43,257, we could see it climb to:
-44,000
-45,000
-Maybe even hit new highs at 47,000
But if it falls below 42,000, expect:
-A drop back to 41,500-41,600
-If that support fails, it might go to 40,740
-And could further dip to 38,606
I know trading can throw some curveballs, and if you're feeling the pressure, I want to help.
I'm doing a webinar this Sunday where we'll talk about:
How to become a more sustainable and profitable trader in a way that's good for your health and happiness, not just your bank account.
If you're interested, hit me up with a message or check my profile for more info. Let's navigate these trading waters together for a more balanced approach.
Kris/ Mindbloome Exchange
Trade What You See
US30 Will Grow! Long!
Please, check our technical outlook for US30.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 42,645.7.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 43,102.7 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
DOW JONES The RSI shows the bottom is in.Dow Jones (DJI) has been trading within a 1-year Channel Up and is on a Bearish Leg since the December 05 2024 High. The price has found support so far 4 times on the 4H MA200 (orange trend-line) and is consolidating.
This is most likely a bottom formation as the 4H RSI is posting a Bullish Divergence similar to the 3 previous times in 2024 when the price broke below the 4H MA200. Technically once the 4H MA50 (blue trend-line) breaks, we should a confirmed Bullish Leg, which is what happened on all 3 occasions.
The minimum Target is Resistance 1 at 45000. Note that as long as the 1D MA200 (red trend-line) holds, the bullish trend will continue to be favored.
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Technical Analysis of Nasdaq 100: Key Support Holds as Bulls The Nasdaq 100 (NAS100) is currently trading at 21,100, with a target price of 23,000, suggesting a bullish outlook and a potential rise of 1,900 points. The price is holding above a key trendline, which acts as a strong support level. This trendline's role is significant, as the recent bounce from this support confirms its reliability. The pattern indicates that the index may continue its upward trajectory if no major resistance levels hinder its movement. Such a setup suggests the market sentiment remains positive. A break above intermediate resistance levels could accelerate the rally. However, traders must remain cautious of external factors like earnings reports or Federal Reserve policy updates that might affect momentum. Proper risk management is essential to navigate potential volatility.
US30 I Potential Long Opportunity Welcome back! Let me know your thoughts in the comments!
** US30 Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
US30 Bullish Breakout! BLACKBULL:US30 made a bullish
Breakout and is consolidating
Above the broken falling resistance
Line so we are locally bullish
Biased and we will be
Expecting a further move up !
DOW JONES giving a buy opportunity on this correction.Dow Jones / US30 pulled back today and remains under its 1day MA50 for 20 days straight.
Despite this weakness, this is technically a bottom formation of the Channel Up.
As long as the 1day MA200 holds, the long term trend is bullish.
Technically, it is similar with the Channel's first correction, which also pulled back by almost -7%.
The 1day RSI is printing the same bullish divergence as then, which cause the price to rebound immediately and hit Resistance A.
Buy and target 45000.
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Dow Jones 30-Min Short: Bearish Momentum Building Toward 42kThe Dow Jones has triggered my short position following a significant volume spike, currently trading below the key EMA levels. The technical setup suggests a bearish continuation toward the 42k price zone. This aligns with a short-term correction in equities after December marked the Dow’s worst monthly performance in over two years.
Fundamentals:
• Major indexes continue to struggle, with the Dow and S&P 500 facing extended losing streaks.
• Market sentiment remains cautious as investors digest recent corporate earnings, geopolitical risks, and upcoming key economic data such as ISM Manufacturing PMI.
• Despite a strong year-end rally, December losses reflect broader market uncertainty, further pressuring the Dow.
Technicals:
• Price remains below both the 50 and 200 EMAs, signaling bearish momentum.
• Volume analysis highlights increased selling pressure, confirming bearish sentiment.
• Immediate support at 42,000 aligns with key demand zones and historical price reactions.
With these conditions in play, I’ll manage risk carefully, monitor for any major shifts, and adjust my position accordingly. Pay yourself and trade responsibly!
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
US30 longThis analysis highlights key patterns and price levels observed on the weekly, daily, and four-hour (4H) timeframes, supporting a bullish outlook. The discussion focuses on the significance of untested formations, rejection patterns, and accumulation zones that signal potential market moves.
1. Weekly Analysis
M Formation Neckline Retest: The M formation observed on the weekly timeframe has not been retested at its neckline of 43,500, leaving room for potential upward movement.
Three-Pin Rejection Pattern: Price remains below the high of the three-pin pattern formed earlier, and a break above this level would confirm bullish momentum.
Daily Target: A double bottom has formed, indicating that price could aim for the daily target of 43,680.
2. Four-Hour (4H) Timeframe Insights
Bullish Pattern Formation: The 4H chart reveals a bullish setup, with price approaching a strong resistance zone at 43,700.
Accumulation Phase: The presence of two doji candles suggests ongoing order accumulation, signaling potential market movement.
Entry Strategy: I am monitoring the following levels for possible entries, depending on how the next 4H candlestick closes:
42,450
42,670
The alignment of weekly, daily, and intraday confluences supports a bullish outlook. My strategy involves waiting for confirmation from the next 4H candlestick closure before executing trades at the identified entry levels. Patience and precision are key to leveraging this setup effectively.
