"US30 Powers Ahead, Unstoppable in Its Bullish Climb""US30 Accelerates in a Well-Defined Bullish Movement: Breaking Barriers and Eyeing New Heights
Following an impressive breakout from the consolidative triangle pattern near the 42,300 mark, the US30 has embarked on a robust and sustained bullish journey, capturing the attention of market participants. This pivotal breakout served as the ignition point for a powerful upward momentum that continues to strengthen with each passing day, reflecting a broader confidence in economic resilience and corporate earnings.
One of the critical areas that traders and analysts had their eyes on was the strong resistance zone around 42,600. This level was not just any ordinary resistance—it was a psychological barrier, aligning closely with the all-time high price for the index. The significance of this level cannot be overstated; it represents a critical test of market sentiment and resilience. As expected, US30 encountered some friction as it approached this level, with price action initially stalling, indicating the presence of considerable selling pressure.
However, once the index successfully breached the 42,600 threshold, the bullish narrative took on an even more compelling dimension. The breakthrough above this resistance zone signaled a shift in market dynamics, with bulls gaining greater control and propelling the index higher. What’s particularly notable about this rally is the methodical nature of the price movement—US30 has been climbing steadily, with no sharp corrections or erratic volatility, indicating strong market support and a solid base for further gains.
As the price ascends beyond the 42,600 region, all eyes are now on the next key level: 43,180. A decisive move above this level could act as the next catalyst for an even steeper bullish ascent, potentially opening the door for the index to explore uncharted territory and set fresh record highs. Traders are closely monitoring this zone, as a breakout above 43,180 would likely signal another round of intensified buying pressure and solidify US30's position in a long-term uptrend.
In summary, US30 is exhibiting a textbook bullish movement, characterized by its breakout from a major technical pattern, the overcoming of a key resistance level, and a slow yet consistent rise in price. With the market sentiment favoring continued gains, any sustained move above 43,180 could lead to even greater bullish potential, pushing the index into new heights previously thought unattainable. As market participants remain on high alert for further developments, it’s clear that US30's current momentum shows no signs of slowing down anytime soon."
US30
US30 (H1)The Dow Jones index was able to close the week with great positivity.
Therefore, we are looking forward to buying from levels 42905 in case we get confirmation of price action from this level with a stop loss of an hourly candle below 42736 with a first target at levels 43308, 43500 and 43688.
Second scenario: If the Dow Jones index corrects deeply without price action signals that support the rise, we look forward to buying the second, which is the strongest, at levels 42594 and stopping at levels 42368 and holding below it for an hourly candle.
With targets at levels 43174, 43306 and 43500
NASDAQ INDEX (US100): More Growth is Coming Next Week
US100 nicely respected a recently broken horizontal structure resistance.
The price formed an inverted head and shoulders pattern on that and bounced.
I think that the Index will continue growing next week.
Next resistance - 20460
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US30 volatility during the presidential election nightI just found something interesting to share with you. The events that happened on Election Day, November 8, 2016, and in the early hours of the day after were so significant. The group that dumped and pumped assets during that time also bought the COVID crash lows, when everyone thought the world was ending, and then defended their positions. Wow, I mean, who is this group? Just be careful. Even if Trump wins big, I think the volatility will be intense, especially for Bitcoin. I believe it will hit a new all-time high (ATH) and then dump hard.
US30_reversal-only-at-43750so looking at US30, from a zoom'd out view, and where price came from i will onloy start to look at proper pull back below 43 750
this is my analysis of the reversal / pull back level for US30, coming towards the end of Oct / last week of Oct, right in time of the US elections, first week in Nov
Lets see how this play
US30 Great Long ROI TRADE: Must See Good Morning, Trading Family
I wanted to point out a great trading opportunity with some solid ROI potential. US30 held that 43,078 level like a champ, and now it’s making a push toward the 43,468 zone. If we can break through that resistance, the next logical stop is up at 43,605. It’s looking like the bulls have the upper hand right now, and if you catch this move, there’s a sweet reward on the table.
What I really like about this setup is the risk feels pretty manageable. We’re sitting near the lower part of the channel, so if it goes sideways, you’re not too exposed. But if it does what it looks like it’s ready to do, there’s some solid upside waiting. These are the kind of setups I love — clean structure, clear targets, and room for a smooth move.
Right now, it’s all about watching how it reacts around 43,468. If we break that level with volume, the path toward 43,605 becomes a lot clearer. That’s the spot where I'd start scaling out some profits, but if momentum keeps rolling, there could be even more on the horizon.
If this helps you out, make sure to follow, boost, and share with anyone else who could use it. Let’s grow this trading community together and keep finding setups with that sweet risk-to-reward edge. Stay sharp and trade smart, family.
Mindbloome Trader
US30 Near Resistance Zone: Bullish Breakout or Pullback Ahead?
The price has recently reached its all-time high (ATH) and is currently testing the resistance zone near 43,250.
If the price breaks above this resistance zone, it could potentially continue towards higher levels, with the next resistance around 43,750.
However, if the price fails to break this resistance, a pullback is likely, with support at 43,025 and 42,818.
Best Direction:
The best direction will depend on how the price behaves around the resistance zone:
Bullish: If it breaks and closes above 43,250, this suggests a continued upward trend.
Bearish: If it fails to break above this resistance and reverses, look for a pullback towards the support levels at 43,025 and 42,818.
Key Levels:
Pivot Point: 43250
Resistance Levels: 43450, 43650, 43870
Support Levels: 43025, 42820, 42450
Trend Outlook:
Bearish By stability below 43025
Bullish by stability above 43250
US30 / UNDER Q3 EARNING , AFTER BREAKOUT THE CHANNEL / 4HUS30 / 4H TIME FRAME
HELLO TRADERS
The chart mentions a breakout from a price channel followed by the publication of Q3 earnings, suggesting that these two events contributed to the rise in the US30’s price, reaching a new all-time high (ATH) of 43,323.
It notes that prices are currently trading below the ATH, implying a potential pullback or correction.
The analysis identifies a demand zone between 42,877 and 43,649. The text suggests that if prices stabilize within this zone, there is potential for a bullish reversal, with prices possibly rising back to the ATH and even reaching new historical peaks between 43,620 and 44,005.
For a bearish scenario to play out, the text suggests that prices would need to break below a Fair Value Gap (FVG) between 42,404 and 42,238. Breaking this level could confirm a downtrend.
Despite the potential for a pullback, the overall tone of the analysis is bullish, as prices are said to be under upward pressure after breaking out of the channel.
ATH : 43323
Demand Zone : 42,877 and 43,649.
FVG : 42,404 and 42,238.
US30 sell opportunityAt US30 Empire, we believe the US30 (Dow Jones) is primed for a drop based on several key technical indicators. Here’s why:
1. Stochastic Oscillator in Overbought Territory: The stochastic oscillator, a momentum indicator, is signaling that US30 is in an overbought zone. This suggests that the index may have risen too far, too fast, and is due for a correction. Historically, when the stochastic hits these levels, we see a pullback in price.
2. Trend Lines Indicate Resistance: Our trend lines, drawn from key highs and lows, show that the US30 is approaching a major resistance level. This resistance aligns with the index being at its highest price ever. Typically, markets struggle to break through strong resistance without a significant retracement first.
3. Pivot Points Signaling Reversal: Based on pivot point analysis, the US30 is sitting at a major pivot level. This level often acts as a turning point in price movement, and combined with other indicators, it suggests the potential for a reversal.
4. Support and Resistance Levels: The US30 is currently testing long-standing resistance levels. As price fails to break through, this creates a barrier that historically leads to a downside correction. These resistance levels, matched with the overbought stochastic, signal that sellers may soon take control.
Overall, the combination of overbought stochastic levels, trend line resistance, pivot points, and price reaching historical highs makes a compelling case for the US30 to drop from here.
US30 Will Fall! Sell!
Take a look at our analysis for US30.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 43,093.6.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 42,352.4 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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DOW30/US30 - SWING TRADE ONLYTeam, with the DOW/US30, we are doing swing trade.
With swing trade, we require to leave room for stop loss, so our target is also big as well
We prefer to enter SHORT at 43069-43085
STOP loss can be TIGHT at 42115 or SWING STOP LOSS at 43215
Target at 42815-45
then Target at 42410-56
PLEASE NOTE: With the swing trade, we could hold the trade for a few days until the target is reached. If we lucky we can get the target hit within the same day demand on how the market react due to data.
US30 TO NEW ATH OF $43,050 (UPDATE)Even though we closed out our US30 investment at the start of this month, you can see how smoothly this analysis played out🦾 I called this trade at the bottom of Wave 5 (Sub-Wave II) & since then US30 has provided a 29% ROI (9,700 PIPS profit).
The Elliott Wave Theory strategy worked out to perfection for this investment!
DOW JONES: Turned the previous Resistance into Support.Dow Jones is bullish on its 1D technical outlook (RSI = 63.922, MACD = 449.140, ADX = 44.993) as it recovered yesterday's losses but more importantly it is rebounding at the top of the former Channel up. Having broken over it 3 sessions ago, two short term patterns emerged a Rising Wedge (HH, HL) and a Channel Up. If the HH trendline is crossed, it will be the perfect buy signal to target the top of the short term Channel Up (TP = 44,000). The 1D RSI shows that a rally similar to July 10th is possible.
See how our prior idea has worked out:
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US30 Futures Remain Under Pressure as Investors Eye Bank EarningDow and S&P 500 futures remained stable on Wednesday, while Nasdaq 100 futures experienced a slight uptick after a selloff in tech and oil stocks during the previous session. Investors are closely monitoring the quarterly earnings releases from Morgan Stanley and other major banks.
Technical Outlook:
The price has retreated from its all-time high of 43,200, maintaining a downtrend for US30 companies. Today’s market will be particularly sensitive, as earnings announcements are anticipated.
As long as the price remains below 42,820, a decline towards 42,600 and 42,450 is likely. Alternatively, if a 1-hour or 4-hour candle closes above 42,820, stabilization may drive the price up towards 43,025 and 43,200.
Key Levels:
Pivot Point: 42820
Resistance Levels: 43025, 43260, 43500
Support Levels: 42610, 42450, 42300
Trend Outlook:
Bearish By stability below 42820
Bullish by stability above 42820
previous idea:
Possible Buy Trade on US30 / Dow JonesThis is my analysis trade for US30. Weekly is bullish all the way down to 4H for HTF direction.
I will not chase the price instead. I will wait for the pullback for the price to go to my buying zone
for the OB which are showing up from 4H all the way down to 15M timeframe. So for me, this is the best location to buy again for another possible round of bullish action for this market.
I added a trade alert so I will not look at this pair in the week until my alert gets triggered.
Once price goes to my buy zone and I get my alert, that's the time I will go down and find my possible trade entry on lower timeframe so I can have a tighter stop loss and possibly get a better risk reward ratio.
Possible target would be the all time high price as well.
I will update my trade idea here once price goes to my buy zone for my possible entry on the lower timeframe.
DOW JONES Channel Up is turning bearish gradually.Dow Jones is trading inside a Channel Up and is currently very close to its top.
So far the bullish wave is a +8.03% from the last Low.
The previous bullish wave topped after a +8.33% rise.
Technically the index is very likely to top now or on the next MA50 (4h) rebound.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 42000 (above the 0.5 Fibonacci level, where the last Low was priced).
Tips:
1. The RSI (1d) just crossed below its MA trend line. This was the ultimate sell confirmation (September 3rd) on the previous High.
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Notes:
Past trading plan:
DOW JONES - Potential long !!Hello traders!
‼️ This is my perspective on DOW JONES.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long. I expect price to continue the retracement to fill the imbalance lower and then to reject from OB.
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Dow 30 Tanks! Short Trade Hits First Target – More Downside?The Dow 30 (DJIA) has shown significant bearish momentum, with the short trade reaching Take Profit 1 (TP1) at 42855.11.
Key Levels
Entry: 42975.00 – The short position was entered as the price broke below this level, indicating bearish sentiment.
Stop-Loss (SL): 43072.00 – Placed above recent resistance to protect against a potential price reversal.
Take Profit 1 (TP1): 42855.11 – The first target has already been reached, confirming the downward move.
Take Profit 2 (TP2): 42661.11 – The next target as the bearish trend continues.
Take Profit 3 (TP3): 42467.11 – A further target if selling pressure persists.
Take Profit 4 (TP4): 42347.22 – The ultimate profit target signaling a continued decline.
Trend Analysis
The price has dropped below the Risological Dotted trendline, confirming the strength of the bearish trend. With TP1 already hit, further downside potential is in play, with the price likely to test TP2 and beyond.
The short trade on the Dow 30 has successfully hit its first profit target, with further targets likely if the current bearish trend holds. The strong downward move suggests that TP2 and TP3 could be reached in the near term.
DOW JONES 15 year cheat-sheet that can make you rich!Dow Jones (DJI) is extending what seems a relentless rally since the August 05 Low, which was the most recent short-term correction, but in reality the index has been rallying very aggressively since the October 23 2023 Low.
That was when after a 3-month correction, it found Support above the 1W MA200 (orange trend-line) and 2 weeks later it reclaimed the 1W MA50 (blue trend-line), which has been supporting ever since. So basically the index has been on a 1W MA50 Support for 1 whole year!
What's more striking however and what short-term traders/ investors tend to ignore are the long-term Cycles of a financial asset. And Dow being one, is no exception. As mentioned, the 1W MA200 supported the October 23 2023 Low and in effect has been holding since October 10 2022 (so for 2 full years!), two weeks after the Inflation Crisis bottom. Since then we have been inside a Bull Phase.
This is part of a greater trading Cycle for Dow, one that started 1 year after the March 2009 market bottom of the historic Housing Crisis. As you can see, the pattern is recurring and the phases have a high symmetry and frequency among them.
First and foremost, they tend to do two Lows within a 1 year span, which is essentially the Bear Phase, which finds Support on the 1W MA200 (exception was of course the Black Swan of the COVID flash crash but it is of course a non-technical irregularity event) and then rebounds, effectively starting the Bull Phase.
The first 2 Bull Phases rose by +75.80%, while the most recent by +70.80%, so we are roughly around the same strength levels. Also as far as duration is concerned, the 1st Bull Phase lasted for 1239 days (177 weeks), the 2nd for 1134 days (162 weeks) and the 3rd for 1106 days (158 weeks). Again the time element is quite similar. Notice also the similar pattern that the 1W MACD prints every time Dow enters the final part of the Bull Phase.
As a result, if we apply those dynamic conditions on the current Bull Phase, we can see that a minimum rise of +70.80% from the bottom, should peak a little over 48000, and if it last a minimum of 1106 days (158 weeks) it should come to an end and price the top by October 06 2025.
This indicates that we have at least another full year of bullish trend ahead of us and a fair Target could be 48000.
As you realize, investors who are methodically following this 15 year old cheat-sheet, know where and when to buy/ sell and that achieves investing's two main principles: Profit Maximization and Risk Management. Patience and proper management within such Cycles are what "can make you rich" indeed.
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Gold 1H Intra-Day Chart 15.10.2024Option 1: Gold has been in a range today. Still expecting price to retrace towards the $2,630 zone, in order to grab weekly liquidity, before moving back up.
Option 2: Gold carries on moving up towards our $2,700 target without any retracement.
What option do you think is more viable?