US30
Dow Jones Index (US30): More Growth is Coming?!
US30 successfully violated a resistance line
of a horizontal parallel channel on a daily time frame on Friday.
It indicates a highly probable bullish trend continuation.
Next resistance - 43150
For entries, consider a retest of a broken structure.
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DreamAnalysis | US30 on the Edge Key Levels & Crucial Scenarios!✨ Today’s Focus: Dow Jones (US30) – A Market Mover
We’ll break down the latest price movements and explore potential trends by analyzing key market levels.
🚨 Previous Analysis Recap:
In our last analysis, we anticipated a dip into the Equal Lows (EQL) before a reversal higher, and that’s exactly what played out. But what's next? Let's dive into all possible scenarios together.
📊 Current Market Overview:
The price has recently taken a major Buy-Side Liquidity (BSL) level at the Previous Month High (PMH), and we’re now hovering near the Previous Week High (PWH). This proximity to key levels sets the stage for the next move.
🔴 What to Expect: Short-term vs Long-term Scenarios
This section outlines what we can anticipate in both short-term and long-term contexts, considering both bullish and bearish possibilities for day trading.
🗣 Short-term Outlook:
A crucial focus for the short term is the previous week’s range, highlighted on the chart using Fib Retracement. Pay attention to the 50% level and the Optimal Trade Entry (OTE) zone.
We might see price break through Sell-Side Liquidity (SSL) below the 50% level to balance the range, possibly tapping into the Daily Fair Value Gap (FVG) for a rebalancing move.
🗣 Long-term Outlook:
Currently, we’re trading in a premium zone, which means two potential outcomes: continuation or reversal.
- Continuation: If the SSL above the Daily FVG is swept, we could see the price drive even higher.
- Reversal: An aggressive drop below the 4H and Daily Imbalances could trigger a reversal, leaving behind a Balance Price Range (BPR) with both bullish and bearish FVGs. The bearish FVGs, in particular, could play a crucial role.
🕓 Key Levels to Watch:
These are pivotal zones that could influence price action:
- PMH: Previous Month High
- PML: Previous Month Low
- PWH: Previous Week High
- PWL: Previous Week Low
- BSL: Buy-Side Liquidity
- SSL: Sell-Side Liquidity
- Daily FVG: Fair Value Gap (Imbalance zone)
These levels indicate where the price might seek liquidity or rebalance. FVGs represent zones where the market may retrace before continuing its trend.
📈 Bullish Scenario:
For bullish setups, we need lower time frame (LTF) confirmations, such as the 15m chart. Look for liquidity sweeps and target higher levels like the Previous Week High (PWH).
📉 Bearish Scenario:
While it’s possible to look for short entries now, the ideal scenario would be for the price to first take out the Previous Week High. After that, the target could be the Sell-Side of the chart, including the Daily Imbalance and SSL.
📝 Conclusion:
Stay adaptable as market conditions evolve. Monitoring these key levels and setups can help refine your strategy and spot high-probability opportunities.
🔮 Looking Ahead:
Stay tuned for updates as we keep an eye on NASDAQ, DXY, EUR/USD, and other major markets. Timely insights will follow as trends unfold.
⚠️ Disclaimer:
This analysis is for educational purposes only and is not financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
BANKNIFTY ProjectionBased on the demand of a follower here, we decided to look into BANKNIFTY for the first time ever...
We anticipate BANKNIFTY heading to either of the two zones up there marked with a blank line, the we expect a great fall on BANKNIFTY...
Should this align with your analysis, endeavour not to miss out on it!
US 30 I Impulse, correction, and potential continuationWelcome 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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Long Term Positions Currently In The Gold Fund!Gold Buy Position 1: Running 10,300 PIPS in Profit📈
Gold Buy Position 2: Running 10,200 PIPS in Profit📈
Gold Buy Position 3: Running 10,000 PIPS in Profit📈
Only 3 remaining positions left. The rest of our buy positions have been closed out slowly since I called this move LIVE for you all in 2022.
US30, Futures Flat Ahead of Fed Minutes; Alphabet SlipsFutures flat with Fed minutes, inflation data in focus; Alphabet dips
Technical Outlook:
the direction is uptrend for today as long as trades above 42080 to get 42210 and 42300 and then should close 4h candle above 42300 to touch 42450
for the bearish scenario till 41960 and 41770 should break 42080 by closing 1h or 4h candle under 42080
Key Levels:
Pivot Point: 42080
Resistance Levels: 42210, 42300, 42450
Support Levels: 41960, 41770, 41570
Trend Outlook:
Bearish By breaking 42080 and 41960
Bullish by stability above 42090
S&P500 INDEX (US500): Bullish Trend Continue
US500 broke and closed above a resistance line of a horizontal
range yesterday on a daily and updated the All-Time High.
It confirms the dominance of the buyers and indicates
a highly probable continuation of the uptrend.
Next resistance - 5850
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DOW/US3- PREPARE TO SHORT ONLY WHEN IT FALL INTO THOSE PRICETeam, I prepare for the DOW tonight, ensure only SHORT when the price reach at 42516-42497, STOP LOSS at 42625
Target 1 at 42409-42012 - BRING STOP LOSS to BE once target
Target 2 at 42312
Target 3 at 42150
ONLY short when they are falling to that price only
DOW JONES: Channel Up extending. 43900 possible this month.Dow Jones is on very steady bullish levels on its 1D technical outlook (RSI = 60.810, MACD = 361.330, ADX = 26.315) and this is further displayed on the chart where the two month Channel Up has ended its consolidation and should technically move to the next HH. The 1D MACD is close to a new Bullish Cross, the strongest validation for buying inside this Channel. We expect to see the index reach its top within this month (TP = 43,900).
See how our prior idea has worked out:
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DJIA H4 | Falling to multi-swing-low supportDJIA (US30) is falling towards a multi-swing-low support and could potentially bounce off this level to climb higher.
Buy entry is at 41,966.98 which is a multi-swing-low support.
Stop loss is at 41,400.00 which is a level that lies underneath an overlap support and the 38.2% Fibonacci retracement level.
Take profit is at 42,720.14 which is a swing-high resistance.
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Dow JonseDowjonse moves in a wide range between ( 37782 : 37079)
i prefer not to take any orders now untill we see clear trend
if it break 37079 and close 4H Candel under this support it will be perfect to take sell order to 35670.00
but if we see it go up and close above 37782 i think it will continue to 41049.00 ( 261.80 % Fibo lvl )
US30 Approaches Key Resistance: Buyers are losing momentumIn this US30 chart, price action is currently testing a key resistance zone. After a period of consolidation and a rally, the price is struggling to break above this zone.
The projection indicates a potential bearish reversal if the resistance holds, with price possibly retracing toward the support level around 41,920.
Buyers are losing momentum, and sellers may start stepping in at this resistance. A failure to break above could trigger a move back down, with a significant drop expected to the highlighted support level. Traders should watch for any bearish confirmation before taking short positions. If the price breaks through resistance, however, it could invalidate the bearish scenario and lead to further bullish continuation.
DOW JONES Short-term correction or invalidation?Dow Jones (DJI) has been trading within a Channel Up ever since the August 05 bottom and right now finds itself below the 4H MA50 (blue trend-line). This is because based on the Higher Highs sequence, the pattern has topped and is potentially looking for the new Higher Low.
As long as the 42400 Resistance is holding, we will be expecting a short-term correction towards the 4H MA200 (orange trend-line), with a projected Low around 41600. Note that it will be above the 0.5 Fibonacci retracement level, where the September 11 Higher Low was priced.
If the 42400 Resistance, which we call the invalidation level for shorts, breaks first then we will take the loss on the short and turn bullish instead. The last Higher High was priced marginally above the 1.236 Fibonacci level, so that will be our Target (43200).
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NASDAQ INDEX (US100): Bullish Move From Support
US100 has a nice potential to go up from a key daily horizontal support.
As a confirmation, I see a double bottom pattern on a 4H time frame
and a confirmed breakout of its horizontal neckline.
Goal: 20000
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DOW JONES Channel Up top. Sell signal.Dow Jones topped on its 6 month Channel Up, turning sideways for the past 2 weeks.
As long as the price trades inside the Channel, this is a sell signal
Trading Plan:
1. Sell on the current market price.
Targets:
1. 41150 (potential contact with the MA50 (1d) and inside the dashed Channel Up).
Tips:
1. There is a huge Bearish Divergence on the RSI (1d), similar to the one on Jan - March 2024.
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Notes:
Past trading plan: