US30
US30 SENDS CLEAR BEARISH SIGNALS|SHORT
Hello,Friends!
Previous week’s green candle means that for us the US30 pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 33337.
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SIGNAL: Go LONG on US30 - 15 May 2024Like, comment and share with your peers!
I would be looking for bullish moves on US30 today provided price remains above 39500.
1 hour price bar(candlestick) has closed above a range that started mid NY session yesterday. The range formed shortly after a 211 pips pump.
Find my confluences below;
✅Price at psychological level?
✅Has there been a recent intraday range?
✅Do you see 30 mins or 1 hr price bar closure outside recent range?
✅Will position be in the direction of 4hr and Daily trend ?
✅Has nearby wicks to the lefthand side been identified and marked as potential problem area/TPx?
With these ticked, i choose my entry and SL accordingly with the intention of giving my trade a second chance if my SL is hit
Position Parameters
Entry 39588 - 39609
Textbook SL - 39543.38 (means flexible - put SL as occasion serves you and give the trade a second chance if SL is hit)
Tp - 39801.65 (see partial TP levels on the screen)
Drop a comment to let me know if you have picked up a thing or two form my analysis
Warning:
1. trading derivative could result to loss of your capital, kindly apply caution and use only the money you can afford to lose.
2. Previous performance is not a guarantee that my signals will profit you. Accept and implement this idea at your own risk.
You are advised to apply proper risk management while trading derivatives...!!!
BR,
Kings
Learn how to trade. See my signature below or visit my profile for more details
US30: Day 3, coiling underneath yesterday HODHi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you!
“Trade setups, not movements”
Let’s jump into the Technical Analysis:
WEEKLY TEMPLATE (1hr chart):
Monday day 1 broke higher the previous HOW, failing the breakout, dumping down and closing as a first red red day.
Tuesday day 2, the market consolidated almost all the day at the current LOW placed by the Monday high low, performing a nice pump at the end of the day.
Today Wednesday day 3, the market is in consolidation above the yesterday closing price and previous HOD, a particular situation that often lead to an explosive move. However, indexes open at 9:30 NYT and CPI red news on calendar at 8:30am.
DAILY TEMPLATE (15min chart):
Both Asia and London session consolidated between the CP and HOD, nothing really happened yet.
THESIS :
As always, I do not predict any market direction, because predicting/guessing is just a 50:50 method. However, for a long thesis I would target the previous HOW considering the 3 days dump and pump scenario, but I wouldn't exclude a bigger short scenario back at least to the LOW or breakout traders of Thursday.
SETUP :
Long: consolidation at CP till news release or NYO 9:30am
Short: lower low in place, pump into CP for a dump, eventually also pump into previous HOD for a short setup.
Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement.
Gianni
US30 Is Going Up! Long!
Here is our detailed technical review for US30.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 39495.19.
Taking into consideration the structure & trend analysis, I believe that the market will reach 39599.16 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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US30US30
Dow Jones
Long Term
Daily Timeframe
US30
Dow Jones
Long Term
Daily Timeframe
US30
Dow Jones
Long Term
Daily Timeframe
NASDAQ Invalidated the bearish scenario and marching to 19100.Three weeks ago (April 23, see chart below) we called for a relief rally on Nasdaq (NDX) 18000, right when the price was at the bottom of its correction:
The Target was the top of the Channel Down, which was the correction pattern and just below the 0.786 Fibonacci retracement level which during the July - October 2023 correction was where the uptrend was rejected and pushed the Channel Down to a Lower Low.
Well now this bearish sentiment has been invalidated as the index broke above both the top (Lower Highs trend-line) of the Channel Down, as well as the 0.786 Fib. This gives form to a Channel Up. The 1D RSI sequence is similar with the post October 26 2023 bottom and we might be in a similar situation as the November 07 2023 break-out (ellipse).
That bullish break-out topped on the 1.618 Fibonacci extension (blue pattern) before the next short-term pull-back. As a result we formulate our medium-term Target to 19100 (just below the 1.618 Fib ext).
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US30 Dow Jones Technical Analysis and Trade IdeaThe US30 Dow Jones index has exhibited a robust bullish trend recently. However, we now observe that the index is approaching a significant resistance level on both the weekly and daily charts.
Moreover, the market appears to be overextended. When a market becomes overextended, there’s a possibility of a reversal. Traders closely monitor signs of exhaustion or weakness.
Given these factors, we are considering a short opportunity. It’s essential to manage risk diligently, as trading always carries inherent risks. Remember that this information is for educational purposes only and should not be construed as financial advice. 📈👍
DOW JONES: Two levels to buy.Dow Jones is bullish on its 1D technical outlook (RSI = 62.964, MACD = 188.520, ADX = 55.476) and has completed three green 1W candles in a row. Having reached the 0.786 Fibonacci level, the last confirmation left to see in order to call for a continuation of this uptrend is for the 1W RSI to cross over its MA. The moment it does, we will buy again and target the Channel's top (TP = 42,000). Until that moment, we will wait for a more comfortable buy lower at 38,550 (TP = 42,000 again).
See how our prior idea has worked out:
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Dow Jones Index (US30): Bullish Price Action Ahead of The News
In 1 hour, we are expecting US PPI report.
Ahead of the release of that data, I see a bullish price action on US30.
After a test of an intraday support, the Index started quite a long correction
within a narrow horizontal range.
Its resistance was broken with a strong bullish candle,
indicating the strength of the buyers.
The market may bounce.
Goal - 39600
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DJIA H4 | Potential pullback opportunityDJIA (US30) could fall towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 39,065.38 which is an overlap support.
Stop loss is at 38,500.00 which is a level that lies underneath an overlap support and the 50.0% Fibonacci retracement level.
Take profit is at 39,598.96 which is a pullback resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
DOW JONES made 1st 4H Golden Cross in 6 months!Dow Jones (DJI) gave us a solid bullish break-out signal after it broke out above its 1D MA50 last week (May 06, see chart below):
As you can see this gave way to a new Channel Up, which we view on the current analysis on the 4H time-frame. That is because on Friday it formed the first 4H Golden Cross in 6 months (since November 08 2023)!
This is on its own a very strong bullish signal but it gets even stronger if we consider the fact that the last 4H Golden Cross was formed while the index was in a similar pattern, recovering from August - October correction.
Dow then entered a very aggressive uptrend/ Channel Up that never broke even its 4H MA50 (blue trend-line) before January. As a result, we move our short-term Target even higher, on a symmetrical +3.45% Bullish Leg at 40300, which will be a new All Time High (ATH) for the index.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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US30 short
Price broke above 38375 daily region
Price is looking to retest that region
There is a three pin pattern on the 4h timeframe
The 3 pin pattern has formed below two liquidity zones
Price retested the 39430 region in the Asia session
Momentum is too weak for now.
Waiting for a solid entry that will make be sell to 39305.
US30 HARMONIC PATTERN AND RESISTANCE ZONEThe US30 has formed a compelling harmonic pattern, displaying a distinct W pattern that spurred the recent rally. The resistance established at the peak is pivotal, as we anticipate a reversal when the price reaches that level. This is also where we anticipate the completion of the right wing of the harmonic pattern.
NYSE Open SIGNAL: US30 LONG - 13 May 2024Like, comment and share with your peers!
Hi,
With volume from NYSE opening, we may yet see another pump from US30.
Expected entry area - 39546.25
Textbook SL 39513.56
Final TP 39699.50
Pay attention to TP 1 to 3 and risk accordingly.
Warning: trading derivative could result to loss of your capital, kindly apply caution and use only the money you can afford to lose.
You are advised to apply proper risk management while trading derivatives...!!!
BR,
Kings
Learn how to trade. See my signature below or visit my profile for more details
Dow Jones Index (US30): Bullish Rally Continues
Dow Jones keep breaking key levels.
This week we saw a breakout of a one more significant resistance.
Bulls clearly show their power.
I will expect a further bullish continuation.
Next resistance - 39850
❤️Please, support my work with like, thank you!❤️
NASDAQ INDEX (US100): Bullish Rally Continues
As I predicted earlier, US100 keeps growing.
Analyzing the index today, I spotted a strong
intraday bullish confirmation.
After a strong bullish impulse, the market started to correct
within a symmetrical triangle formation.
A breakout of the resistance of the triangle signifies that the
correction is over, and that the market returns to a bullish trend.
I think that the Index may reach 12285 level soon.
❤️Please, support my work with like, thank you!❤️
Dow Jones H4 | Bullish momentum to extendDow Jones (US30) could fall towards a pullback support and potentially bounce off this level to climb higher.
Buy entry is at 39,377.26 which is a pullback support.
Stop loss is at 38,900.00 which is a level that lies underneath an overlap support and the 23.6% Fibonacci retracement level.
Take profit is at 39,768.82 which is a pullback resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
NAS100 A Great Selling Opportunity 🤨👌Trade Proposal:
There is a probability of first tp to the proposed ( 10,800.42 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals.
Technical analysis:
MAS100 is in Downtrend and It is Expected to Continue Downtrend.
By the end of this quarter and at 10,800.42 in one year
US30 Long NYSE Open- 09 May 2024If price breaks above the current 30 mins bar high, we may see a massive pump on this pair. Hopefully NYSE volume would play an important role here.
Warning: trading derivative could result to loss of your capital, kindly apply caution and use only the money you can afford to lose.
You are advised to apply proper risk management while trading derivatives...!!!
BR,
Kings
See my signature below or visit my profile for more details
Dow Jones: Analyzing Technical Signals and Market DynamicsThe Dow Jones Industrial Average has recently surpassed the 39273 level, breaching the 61.8% Fibonacci retracement threshold, yet remaining below the 78.6% mark. Currently, the price has encountered a Bearish Order Block in a higher timeframe, suggesting the potential for a reversal, particularly given the overbought conditions signaled by both the stochastic indicator and RSI.
Our analysis indicates an opportunity to capitalize on a potential retracement to the previous support area around 38600, presenting an attractive risk-reward scenario.
The convergence of these technical indicators provides a compelling insight into the prevailing market dynamics. There is a growing body of evidence pointing towards a shift in sentiment, with indications of a nascent bearish trend emerging. This assessment is further bolstered by the prospect of the price embarking on a fresh downward trajectory, possibly within the confines of a bearish channel.
In light of these observations, our strategy is geared towards anticipating sustained downward pressure on the price. We remain vigilant for signals that could signify a renewed downturn in the market, underscoring the enduring presence of bearish sentiment in the short term.
US30 Signal - 08 May 2024From yesterday's analysis, am taking a long position on US30, since all my conditions are met.
Entry - 38900.00
SL - 38838.56
TP - 38999.58
Make sure to apply proper risk management.
Warning: trading derivative could result to loss of your capital, kindly apply caution and use only the money you can afford to lose.
You are advised to apply proper risk management while trading derivatives...!!!
BR,
Kings
See my signature below or visit my profile for more details
