US30
US30 (Toward Support Zone...)US30 Technical Analysis
The price dropped from the pivot line at 39,050, as we noted at the beginning of the week. It is currently heading towards 38,500 and 38,400. If the price stabilizes below this support zone, the bearish trend is expected to continue towards 38,020 and 37,820 for the week. Today, the price is anticipated to consolidate between 38,500 and 38,790 until a breakout occurs.
A bullish scenario will be activated if the price breaks above 38,790, targeting 39,050.
Pivot Line: 38,675
Resistance Levels: 38,790, 39,050, 39,350
Support Levels: 38,410, 38,020, 37,820
Today's expected movement range is between the support level at 38,400 and the resistance level at 38,790.
Previous idea:
Dow Jones H4 | Pullback support at 78.6% Fibonacci retracementThe Dow Jones (US30) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 37,777.51 which is a pullback support that lies underneath the 78.6% Fibonacci retracement level.
Stop loss is at 37,200.00 which is a level that lies underneath a swing-low support.
Take profit is at 38,575.61 which is an overlap resistance.
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US30. Weekly trading levels 27 - 31.05.2024
During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade.
If you expect any medium-term price movements, then most likely they will start from one of the zones.
Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post.
! Please note that brokers have a difference in quotes, take this into account when trading.
The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :)
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I don’t play guess the direction (that’s why there are no directional arrows), but zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade.
Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat.
Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern.
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DOW JONES: Correction completed. Time for a new High.Dow Jones may have turned red on its 1D technical outlook (RSI = 35.469, MACD = -17.010, ADX = 38.217) but it is only neutral on 1W (RSI = 52.498) suggesting that on the long run, these are strong buy levels from a R/R perspective. Two weeks ago we called the current pullback to 38,550 as a possibility but now it is time to turn bullish again. As you can see, on the 1W timeframe, there are striking resemblances with the Channel Up of March 2023 and in today's terms we are on the May's 2023 corrective wave. We expect at least a +13.67% rise from the recent bottom and our target sits slightly under that level (TP = 42,000).
See how our prior idea has worked out:
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US30 Bullish Outlook: Key Targets and Order Flow InsightsGreetings, Traders!
Brief Description🖊️:
At the moment, I am expecting a bullish switch in institutional order flow for US30, which will push the price upwards. The price originates from a daily bullish order block, and I am looking for this to support the price, leading to a bullish draw upon confirmation.
Things I Have Seen👀:
Bullish Support Zone📈: The price is currently supported by a daily bullish order block, indicating a potential upward movement. Price may also look to respect the rejection block and use that as a support to continue the bullish narrative.
Engineered Liquidity🔄: Along the way, my anticipation is to absorb all the engineered trendline liquidity that has been presented.
Bullish Targets📉:
H1 Bearish Order Block: The primary target for this bullish move.
What's Important Now❗
To confirm the anticipated bullish draw, we need to observe the price action and look for supportive signals at the daily bullish order block. Stay tuned for real-time developments and further insights.
Kind Regards,
The_Architect
US30 bound for more significant GROWTH this year!US30 companies has cooled down a bit this past few weeks -- warranted correction caused by the overheated valuation of the top 30 companies in the US.
Based on recent data metrics, it looks like the much needed market hibernation has been factored in already, and its ready to grind again. Upside continuation is to be expected from the current levels of 39000.
We maybe seeing new highs again soon as current price movement is already hovering at the peak resistance line -- a thin poke will just squeeze this further up.
Most major companies are starting to report rosy figures already which is good for the overall market.
Spotted at 39500.
TAYOR.
Dow Jones (US30):🔴Is it bearish..?!🔴Hello trader
By examining Dow Jones on the weekly and 4-hour chart we can figure out the chart is bearish and there is sell-side liquidity that can be defined as targets for smart money.
In this chart, the price failed to create an all-time high and dropped, the price made the bearish breaker and respected it and shifted the market structure.
Now we can see the bearish order block with bearish FVG that makes an important resistance, If the price reaches this zone we can look for a sell position in a lower time frame.
💡Wait for the update!
🗓️27/05/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
Could US30 bounce from here?Price is falling towards a support level which is an overlap support that aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 38,606.09
Why we like it:
There is an overlap support level which lines up with the 61.8% Fibonacci retracement.
Stop loss: 38,120.14
Why we like it:
There is a pullback support level which is slightly below the 78.6% Fibonacci retracement.
Take profit: 39,072.18
Why we like it:
There is an overlap resistance level which aligns with the 23.6% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Falling towards 61.8% Fibonacci support?Dow Jones (US30) falling towards the pivot which is an overlap support and could potentially bounce to the 1st resistance.
Pivot: 38,561.70
1st Support: 38,394.17
1st Resistance: 39,041.44
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.
US30 Trading Outlook: Bullish Moves and Key Targets!Greetings, Traders,
Brief Description🖊️:
At the moment, I am seeing a potential draw towards minor bullish objectives, specifically the H4 buy stops, and a movement towards the institutional resistance point (reclaimed order block) to fully fill the daily timeframe FVG. This point is also aligned with a liquidity void, indicating a price inefficiency that may be filled in the future, adding more confluence to the possibility of reaching the reclaimed order block (institutional resistance zone).
Things I Have Seen👀:
Liquidity Engineering🔄: Yesterday, smart money engineered liquidity using a support zone, which was established to attract retail investments. These investments were manipulated so that smart money could buy against the liquidity presented as stop losses below the support zone, using those stop losses as willing sellers.
Current Price Action💹: The price may be supported by the order block. Upon confirmation on the lower timeframes, I will look to buy at that order block and continue doing so as a day trader until both objectives are reached.
Kind Regards,
The_Architect
US30 - 15m Buy OpportunityThe recent price action in the Dow Jones (US30) shows a potential buying opportunity after a significant drop. To manage risk effectively, it's essential to make this buy position risk-free by moving the stop-loss to breakeven or into profit. This approach ensures that even if the market reverses, you will not incur a loss on this trade.
With the current setup, wait for price action signals to confirm the next movement towards the target levels. Watch for bullish signs such as higher highs and higher lows, or bullish candlestick patterns that indicate continued upward momentum. By doing so, you can maximize profits while minimizing risks.
US30 (Technical and Geopolitical Weekly Analysis)Technical and Geopolitical Analysis:
The previous weekly chart indicated a strong upward movement, but the market is now poised to react to geopolitical pressures, particularly the tensions between China and Taiwan, expected to intensify this week and continue into next month.
Technical Analysis:
Bullish Scenario: If the price stabilizes above 38,700, it is likely to move between 38,700 and 40,050. Any sustained stability above 40,005 will signal a continuation of the bullish trend, potentially reaching 40,970. A retest at 40,005 could occur before the bullish trend resumes.
Bearish Scenario: The bearish trend will be confirmed if the price closes below 38,700 on at least the daily chart, targeting 37,990. The next significant support level is 36,460, which is strong support for this year.
Key Levels:
Pivot Line: 38,700
Resistance Prices: 39,500, 40,005, 40,970
Support Prices: 38,300, 37,990, 36,460
The expected trading range will be between the support at 37,990 and the resistance at 40,050.
May 28, US30: Essential Insights for the Week Ahead!Greetings, Traders!
Brief Description🖊️:
Join me in this video as we analyze what to anticipate this week on US30. We will explore various ICT concepts, including draw on liquidity, fair valuation, order blocks (how to choose high probability order blocks), and engineering liquidity (where smart money uses retail patterns such as trendlines, support, and resistance to trap traders into making investments).
Things We Will Cover👀:
ICT Concepts🧠:
Draw on Liquidity💧: Understanding how liquidity is targeted and manipulated.
Fair Valuation📊: Assessing the true value of price levels.
Order Blocks📦: Identifying high-probability order blocks.
Engineering Liquidity🔄 : Analyzing how smart money uses retail patterns to manipulate market movements.
Trading Opportunities📉📈:
Potential Price Movements: Providing a comprehensive outlook on possible market shifts.
Strategies for the Week: Uncovering strategies that could make this week profitable.
What's Important Now❗
To understand my current outlook, check out yesterday's analysis:
For insights into High Probability Trading Environments (low resistance against high resistance liquidity runs), watch this video:
Stay tuned and happy trading!
The_Architect
S&P500 INDEX: More Growth is Coming
S&P500 index recently updated the all-time high.
After a violation, the previous ATH turned into support.
The market retested that and positively reacted.
I believe that a bullish trend will continue.
The market may keep growing to 5380.
❤️Please, support my work with like, thank you!❤️
Falling towards 50% Fibonacci support?Dow Jones (US30) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as an overlap resistance.
Pivot: 38,957.67
1st Support: 38,574.85
1st Resistance: 39,413.17
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.
AVAX LONG! Potential Swing Play to the upsideAVAX Long Position. on the 4-hour chart we see the wick is bouncing off of the 50 moving average. Confirmed the position with the Stock RSI indicator crossing over. Most Cryptos will be extremely Bullish Today. Also US30 stocks have a potential push as well, including Boeing.
It is possible we could see a huge wick to the downside so minimize your lot size for example, if you have a $10,000 account, minimize lot size to .10 lots on a 100:1 account.
place 2 x .05 lots.
STOP LOSS @ 35.15
TAKE PROFIT @ 40.53
ENTER NOW @ 37.14 or at US open for better entry.
S&P500 INDEX: Growth Will Continue!
S&P formed a cute cup & handle formation after quite a strong
bearish movement on this week.
A bullish breakout of the neckline of the pattern
is an important sign of strength of the buyers.
I think that the Index will keep growing next week.
❤️Please, support my work with like, thank you!❤️
DOW JONES Should this Bearish Cross worry us?The Dow Jones Industrial Average Index (DJIA) hit our 40000 Target that we set on our May 06 idea (see chart below) and after that experienced a sharp pull-back:
So far this is within the lines of a natural technical correction correction towards the 1D MA50 (blue trend-line), which during uptrends tends to be re-tested as a Support. Notice also that this is where the 0.382 Fibonacci level is, an important technical Support during pull-backs.
As long as it holds, the Channel Up has the much needed Higher Low that can enable it to move to a Higher High. We expect that to be around 41500 (+6.30% rise, similar to the previous Bullish Leg).
On the other hand, since the 1D MACD completed a Bearish Cross yesterday, we need to consider the possibility of a deeper pull-back, as the last 1D MACD Bearish Cross (April 02), delivered a -6.88% decline. As a result, if the 1D MA50 breaks though, we will take that small loss and go on a short-term sell instead, targeting 38350 (0.618 Fibonacci level).
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