Gold Sell Off (1H UPDATE)As you’ve seen from the video analysis, Gold is currently creating a ‘Complex Triangle Correction’ made up of 5 Sub-Waves.
Potential Sell Zones:
⭕️Wave C High
⭕️Wave E High
US30
Dow Jones Potential DownsidesHey Traders, in today's trading session we are monitoring US30 for a selling opportunity around 41900 zone, Dow Jones is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 41900 support and resistance area.
Trade safe, Joe.
Flat correction in DOW JonesA flat correction differs from a zigzag in that the sub wave sequence is 3-3-5, as shown in chart. Since the first actionary wave, wave A, lacks sufficient downward force to unfold into a full five waves as it does in a zigzag, the B wave reaction, not surprisingly, seems to inherit this lack of countertrend pressure and terminates near the start of wave A. Wave C, in turn, generally terminates just slightly beyond the end of wave A rather than significantly beyond as in zigzags.
S&P500 INDEX (US500): More Down
With a confirmed bearish breakout of a key daily horizontal support,
US500 index opens a potential for more drop.
Next key support is 5425.
It looks like the market is going to reach that soon.
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Dow Jones: A Make-or-Break Buy Setup with Smart Money BackingDow Jones Industrial Average - Buy Setup
Technical: U.S. markets have struggled recently due to uncertainty over tariffs imposed by President Trump. While the S&P 500 and NASDAQ have broken key support levels, the Dow remains resilient, holding the critical 41,648 support. A break below would confirm a large double-top pattern, signaling a bearish outlook. This is a pivotal moment. The rebound from overnight lows is encouraging, but with the U.S. CPI release tomorrow, caution is warranted. While speculative, COT and seasonal data favour a short-term move higher.
Fundamental: The latest Commitment of Traders (COT) Report shows increasing long interest in the Dow, suggesting "smart money" accumulation.
Seasonal: Historically, from March 12 – May 2, the Dow has posted gains 84% of the time, averaging +3.68% over the past 25 years.
Setup:
Entry: 41,800 – 42,000
Stop Loss: 41,285 (below the Nov 2024 low at 41,648)
Target: 44,290
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DOW JONES Can the 1W MA50 hold and spark an end-of-year rally?Dow Jones (DJIA) has been trading within a Channel Up pattern since the late July 2023 High. The decline of the last 30 days can be technically seen as the Bearish Leg that will price its new Higher Low bottom.
The price isn't only close to the Channel's bottom but also the 1W MA50 (blue trend-line), a level that has been supporting since the October 30 2023 bullish break-out. As a result, a 1W MA50 hit will be a potential double support test, with the 1W RSI also printing a Bearish Leg similar to the one that led to the October 2023 bottom.
On the other hand, the ranged price action since the late November 2024 High, resembles the sideways volatility of the first half of 2024. Both were initiated after Higher High pricings at the top of the Channel Up. The rallies that led to those tops have been +21.00% and +23.72% respectively.
If there is a decreasing rate on each Bullish Leg, then the new one should be +17.30% (i.e. -3.30% less than the previous one), which falls marginally below the 1.5 Fibonacci extension, which is where the November 2024 High was priced.
As a result, as long as Dow is closing its 1W candles above the 1W MA50, the 2-year Channel Up is more likely to push upwards again for its new Bullish Leg, potentially targeting 48900 (+17.30%).
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DOW New LowAs per my view DOW is going down side in near future , this is totaly based on price action and Astro based .
Dow Jones at the bottom of the trading rangeGiven the recent emotional decline in the Dow Jones and S&P500, the Dow Jones is expected to make an upward correction from the bottom of its confirmed trading range. The stop loss is equivalent to the closing of the 4-hour candle below today's last low, with a target of 43,500 in the final step.
US30 buy ideaThe index is down about 7% from its high in a short space of time due to market uncertainty. However, the market will start to price in that uncertainty and be on the lookout for more opportunities.
DOW JONESThe price of 42276.9 is suitable for a long trade with a stop loss of 42153.7, with a target of 44100. Note that I checked the prices on theCapital.COM broker chart.
MarketBreakdown | EURUSD, USDCHF, EURAUD, US30
Here are the updates & outlook for multiple instruments in my watch list.
1️⃣ #EURUSD weekly time frame 🇪🇺🇺🇸
After multiple attempts to violate a key daily horizontal resistance,
EURUSD was rejected.
It looks like the underlined blue area will keep being a strong supply area.
Probabilities will be high to see a pullback from that.
2️⃣ #USDCHF daily time frame 🇺🇸🇨🇭
The price reached a significant daily demand cluster on Friday.
That zone concentrates huge buying volumes.
I think that the pair is going to start a correctional movement soon.
3️⃣ #EURAUD weekly time frame 🇪🇺🇦🇺
The market did not manage to break a key daily horizontal resistance level.
We see a strong bearish pressure after the market opening today.
Chances are high that the market will continue falling.
4️⃣ #US30 1 hour time frame 🇬🇧🇨🇦
I see a nice gap down opening.
With a high probability, it is going to be filled soon.
Expect an intraday bullish movement.
Do you agree with my market breakdown?
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Falling towards pullback support?Dow Jones (US30) is fallling towards the pivot and could boucne to the 1st resistance.
Pivot: 41,777.16
1st Support: 40,202.56
1st Resistance: 43,339.19
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Disclaimer:
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US30 (Dow Jones) 4H & 1H Analysis US30 is currently trading in a well-defined downward channel, making lower highs and lower lows. The next critical support sits near the 31,880 “Major Low,” where any decisive break could lead to further downside. On the upside, watch for a potential bullish bounce targeting the fair value gap and Fib confluence around 32,400–32,500. A breakout above the channel top may signal a trend shift, while a rejection there would likely keep the bearish momentum intact. Always monitor price action and manage risk around these key levels.
DowJones The Week Ahead 10th March '25Sentiment: Neutral, Price action is consolidating in a tight trading range.
Resistance: Key Resistance is at 43145, followed by 43600 and 44000.
Support: Key support is at 43303 followed by 42000 and 41650.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
DOW JONES MA200 (1d) test on the Channel Up bottom. BULLISH.Dow Jones is trading inside a Channel Up but lately finds itself on a pull back.
This pull back is about to test the MA200 (1d) at the bottom of the pattern.
The MA200 (1d) has been holding as Support since November 3rd 2023, so overall that makes it a buy opportunity.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 46400 (the 1.382 Fibonacci extension).
Tips:
1. The RSI (1d) is almost oversold and at 35.00 it has turned sideways. Every time the RSI was on this level or belowsince October 2023, it was the best buy opportunity.
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Dow INTRADAY NFP, US Employment data to drive the next moveMarket Context:
After a period of heightened volatility, the Dow Jones (US30) has undergone a corrective pullback. Investor sentiment is now focused on the upcoming US jobs report (8:30 a.m. Washington time, 13:30 London time) as a key catalyst for the next move in equity markets.
A weaker-than-expected jobs report could raise concerns about a slowing economy, potentially fueling recession fears and triggering another leg lower in equities. Conversely, signs of resilience in the labor market may reinforce risk appetite and support a continued recovery in the index.
Technical Outlook:
Current Price Action: Sideways Consolidation
Resistance: 43145
Support: 42303
Bullish Scenario:
A breakout above 43145 would signal renewed upside momentum, with initial resistance at 43337, followed by 43636 and 44026 as extended targets.
Positive labor market data or market resilience post-jobs report could provide the necessary catalyst for a bullish continuation.
Bearish Scenario:
A confirmed loss of 42303 support would shift the bias bearish, increasing the likelihood of further downside toward 42000, with a deeper retracement potentially testing 41650.
A significant deterioration in job market data could heighten recession concerns, amplifying risk-off sentiment and weighing on equity markets.
Conclusion:
The US jobs report will be the key driver of market direction. A breakout above 43145 could confirm bullish continuation, while a breakdown below 42303 may open the door for deeper losses. Traders should closely monitor price reactions around these levels for confirmation of the next trend move.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
US30 Setup: 50% Fib & Imbalance in Focus for a Potential Short.The US 30 Dow Jones index is under pressure 📉 but is currently hovering around a significant previous support level. I’m watching for a retracement into a four-hour imbalance as a potential opportunity to go short. Additionally, I’m looking for the retrace to align with the equilibrium point, which is the 50% Fibonacci level of the current price swing from high to low 📊. For this trade, the price must stay within the imbalance zone and avoid breaking the high. If there’s a clear break of structure near the imbalance point of interest, I plan to sell 🔻. This is not financial advice. 🚨
Possible rise in the US30 indexHello traders
The current impulse wave is upward and the correction is over. Another impulse wave may start upward from here.
Gold - 1H TF (UPDATE)Still keeping an eye out for possible buy's in the short term towards a new ATH at $1,963. Pending LQ sitting at $2,955.
But overall, we're bearish in the mid term so will adapt & also keep an eye out for market structure shifting to bearish. Current market structure is very choppy so I know we a lot of buyers & sellers are getting liquidated around this zone.
DOW JONES Massive 1D MA200 reversal for Cup and Handle?Dow Jones (DJIA) has been trading within a Channel Up since the September 2022 market bottom. Throughout this long-term structure, Cup and Handle (C&H) patterns have emerged that were always contained above the 1D MA200 (orange trend-line) and subsequently initiated a rebound to at least the 1.382 Fibonacci extension before the next pull-back.
The 1D MA200 is right below us at the moment and the current C&H seems to be on the verge of completing its Handle. Moreover, the 1D RSI is on its usual Higher Lows trend-line that prompts to a the most optimal buy entry. We're bullish, targeting 46400 (the 1.382 Fibonacci extension).
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Gold 1H Intra-Day Chart 05.03.2025As it's a new monthly candle, Gold needs some upside LQ before it can carry on dropping. Right now my bias is;
Option 1: Gold pushes higher, from current market price towards $2,900.
US30 - Clean and Clear!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last US30 analysis attached on the chart, it rejected the upper bound of the range and has been trading lower.
What's next?
📦We will be trading the range as long as it holds.
🏹As US30 approaches the lower bound of the range around $42,000, I will start looking for bullish reversal setups.
For now, we wait! ⏱️
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
