DJIA H4 | Approaching overlap supportDJIA (US30) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 44,527.74 which is an overlap support that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 43,710.00 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level.
Take profit is at 45,542.92 which is a level that aligns with the 161.8% Fibonacci extension level.
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US30
DOW JONES (1h) Death Cross turning into a buy signal soon.Dow Jones is trading inside a Channel Up that is long term supported by the MA50 (1d).
On Monday we will see a Death Cross (1h), which inside the Channel Up has been usually formed halfway through a Channel Down/bearish leg that forms the new Low.
Trading Plan:
1. Buy by next Wendesday the latest.
Targets:
1. 46000 (under a +8.31% rise from the last Low, which is where the October 18th High was priced).
Tips:
1. The RSI (4h) tends to form a bottom when it hits 30.00 (oversold limit). Be ready to buy if it hits that level earlier than next Wednesday.
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Notes:
Past trading plan:
Gold 1H Intra-Day Chart 06.12.2024Here is what I am looking for next;
Option 1: Gold keeps dropping in its bear trend. Our target is $2,580. You can see the zig zag move Gold is creating. We saw a break below + retest so should continue now.
Option 2: If Gold moves above $2,690 next week then we can see a mid term bull trend towards $2,740 before it drops back down again.
US30 Closing first red day on the NFP dayHello traders and thanks for reading and supporting my idea!
US30 is actually building an interesting template and today it could complete a weekly pump and dump template. But to understand better the logic behind this template, let's analyse day by day what happened this week.
Monday, sets up the opening range of the week, the high low of the week is now in place and overall it was a dumping day as you can see during NY session time.
Tuesday expanded the range to the downside, closing back inside the range at the end of the day. That's our box of the week, money are lying above and below these extremes.
Wednesday nothing really interesting happened, considering that the price stayed inside the range almost all the day, slightly retesting the HOW just before the end of the day, closing the day in breakout, which is very important because now, breakout traders long are in the market and potentially driving this move.
Thursday consolidated almost all the day up high into the HOW, every attempt to break higher failed, eventually trapping the traders long in the wrong direction, stopping them out at the end of the day, closing the market as first red day and with breakout short traders involved.
Today, Friday, I can see the market placing a lower low into the low of day, which potentially reinforce the weakness of this market, and it's currently consolidating/coiling just below the closing price.
Overall, we are inside the previous weekly high low range, so I will be targeting the current LOW if the short scenario is identified.
As always, the template can give a thesis but a setup can drive the move, the following notes will explain better both the scenarios.
Gianni
DOW JONES: Short term consolidation to lead to 46,100.Dow Jones is on a very healthy bullish 1D technical outlook (RSI = 64.961, MACD = 523.800, ADX = 24.313) as the bullish trend inside the 5 month Channel Up is still intact. In fact it is not just intact but the index is basically on All Time High levels, supported by the 4H MA50. The Channel Up is highly symmetric and technically we believe we are on the same level as September 30th. The index was inside a shorter term Channel Up, which after a 4H MA100 test, it rallied to the 1.5 Fibonacci extension. The bearish divergence on the 4H RSI was as evident then as it is now. The two fractals are virtually identical, hence we project a similar result. Buy and target the 1.5 Fib (TP = 46,100).
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GOLD FURTHER SELL OFF?! (UPDATE)While everyone is getting very impatient with Gold's consolidation, I'm sitting here in peace. I told you all on the FIRST ANALYSIS that we have a 'Flat Correction' from the EW Theory strategy currently playing out. This means a 3 Sub-Wave (A,B,C) schematic playing out within a tight range.
Now waiting for a break below the current consolidation, so price can create Wave B around $2,580 & consolidate within a larger range.
us30 - 15 min ( Buy Scalping After Break 45050 Level ) US30 / FXCM
Best Break Our / Key level's 15m Tf
🚨Bullish After Break Out key level + High Volume / 45045 Area
🚨Bearish After Break Out key level + High Volume / 44635 Area
⚡️ We Only Sent Most Accurate Opportunity and Analysis Not by Number ..
🔖 Announcement Coming After Successful Break
US30 - Bullish Momentum is under Control...Technical Analysis
The price was about to record a new ATH around 45200 before any dropping. It now shows a bullish volume, with potential targets at 45200 and 44,520.
Bullish Scenario:
As long as the price trades above 44930 and 44750, the bullish trend will continue toward 45200 and 45500
Bearish Scenario:
The price must stabilize under 44750, confirmed by a 4-hour candle close, to target 44400.
Key Levels:
Pivot Point: 44930
Resistance Levels: 45200, 45500, 45600
Support Levels: 44750, 44400, 44270
Trend Outlook:
Uptrend while above 44750 and 44920
**US30 Index 2023-2026 Outlook** The US30 Index (Dow Jones Industrial Average) is poised for significant moves in the 2023-2025 cycle, with strong probabilities of reaching a new all-time high between **48,000-49,000**. This surge is driven by favorable macroeconomic conditions, corporate earnings strength, and renewed investor confidence. The rally could push the index to unprecedented levels by early to mid-2025, solidifying its dominance as a barometer of the U.S. stock market.
However, by mid-2025, the index is expected to enter a **prolonged downtrend**. This correction would likely target a critical support level near the **37,125 mark**, which was the previous all-time high in January 2022. Importantly, the index is forecasted to **retest but not breach** this level, finding support between **37,500-38,000**. A successful defense of this zone would signal resilience in the market, hinting at investor willingness to re-engage at these levels.
Such a scenario would set the stage for a **renewed bull cycle** starting from late 2025 and extending through the end of 2026. This period could be characterized by steady gains, driven by a combination of macroeconomic stabilization and improving market sentiment. Investors may interpret the refusal to break below 37,500 as a **clear sign of a long-term bottom**, prompting accumulation and positioning for the next upward leg.
This cycle suggests a strategic opportunity for both short-term and long-term investors to capitalize on market movements.
DOW JONES High Channel Up symmetry points to 46000.Dow Jones (DJI) easily hit our 45000 Target as suggested on our November 20 idea (see chart below), and immediately turned sideways, consolidating basically for the past 6 days:
This is not the first time that we've come across this consolidation within the 4-month Channel Up as the exact same sequence was last seen during September 20 - October 08. As with today's price action, the consolidation also took place above the 1.0 Fibonacci level and once completed, it gave one final push to the 1.5 Fibonacci extension before correcting back to the 1D MA50 (blue trend-line).
As a result, we now set a new Target for the end of the year at 46000.
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US30 Will Go Higher! Long!
Take a look at our analysis for US30.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 44,904.9.
The above observations make me that the market will inevitably achieve 45,324.9 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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DOW JONES targeting 165000 in the next 8 years.Dow Jones / US30 is following very distinct and easily recognizable patterns over the years and decades and this chart gives you the complete picture since the 1930s and the Great Depression.
We are currently well underway inside the Bull Cycle, which is the market's 3rd major these past 100 years.
With the support of the 1M MA50, this Bull Cycle (via a Channel Up pattern) is expected to continues rising until the point it breaks aggressively over the pattern towards the last years of the Bubble in 2029-2033.
From bottom to top, the previous two Bull Cycles rose by an incredible +2500%.
This means that long term and patient investors can still buy now and enjot another 8 years of immense growth and returns, targeting 165000.
Note that the RSI underneath the chart is on the 12M timeframe but achieves displaying the situatio more accurately than any. Clear Bear Cycle bottoms and breakouts over the MA when the Channel Up Bull Cycle started among all Cycles.
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US30 - 15 min ( Best buy and sell scalping after Break Out ) ⚡️US30 / FXCM
Best Break Our / Key level's 15m Tf
🚨Bullish After Break Out key level + High Volume / 44960 Area
🚨Bullish After Break Out key level + High Volume / 45050 Area
🚨Bearish After Break Out key level + High Volume / 44700 Area
⚡️ We Only Sent Most Accurate Opportunity and Analysis Not by Number ..
🔖 Announcement Coming After Successful Break
GOLD FURTHER SELL OFF?! (UPDATE)Price action has been playing PERFECTLY & following the arrows I drew out on the first analysis! Price has been ranging as I expected & currently in the process of creating a 'flat correction' according to my EW Theory strategy.
However, I will be careful as it is a new month so I wouldn't be surprised if price shoots up so the monthly candle can grab liquidity & create a wick. Keeping an eye out for this option.
Bullish bounce?US30 is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance.
Pivot: 44,513.84
1st Support: 44,077.45
1st Resistance: 45,165.67
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.
DOW JONES New High before any correction.Dow Jones / US30 is on a long term bullish pattern on a Rising Support that extends all the way from the August bottom.
The U.S. elections initiated the most recent rally that has now transitioned into a consolidation Channel Up.
Similar such patterns in the past gave one final High as long as the 4hour MA50 supported.
Buy and target 45365 (+2.50% rise)
Previous chart:
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us30 - 15 min ( Best Buy and Sell Area After Break Out ) ⚡️US30 / FXCM
Best Break Our / Key level's 15m Tf
🚨Bullish After Break Out key level + High Volume / 44930 Area
Break Out done
🚨Bearish After Break Out key level + High Volume / 44800 Area
Break Out done
⚡️ We Only Sent Most Accurate Opportunity and Analysis Not by Number ..
🔖 Announcement Coming After Successful Break
US30 to continue rise?Hi Guys, Its been a long time since ive posted. I hope everyone is killing it.
I have been away mastering US30, as you know I used to trade GJ and Gold mostly. So I am back. Watch this space for some fire analysis.
I have been in buys on US30 for almost the past 2 weeks. After a double bottom from the previous bearish market reversal from the week before.
It looks like we have completed 2 full levels of rise, and made a new high. This high was retested, so I think that we could see more rise on this pair for the rest of the week. While not disregarding the fact that we could have a pullback before the rise.
However I am in a buy with tight risk.
US30 - Long Term Outlook Signals CorrectionWallstreet Index is nearing it's upper level and there's at least 20% correction due in coming months. As far as the below support holds in correction, we should see strong Bullish move to higher levels.
For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management.
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Disclaimer: This content is for educational purposes only and should not be considered financial advice.
DOW JONES: A few days of consolidation can push it to 46,100Dow Jones is almost overbought on its 1D technical outlook (RSI = 68.114, MACD = 449.010, ADX = 35.064) and is printing a sequence much like post September 20th. That was a consolidation Channel that paved the way to the next bullish wave on the 1.5 Fib extension. This is a 4 month Channel Up supported by the 1D MA50. As long as it does, aim for the 1.5 Fib (TP = 46,100).
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Falling towards overlap support?US30 is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 44,535.84
1st Support: 44,176.94
1st Resistance: 45,039.30
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.
GOLD FURTHER SELL OFF?! (UPDATE)Gold has pushed up & playing within a range. It's moving perfectly within a range to create either a flat or complex correction pattern, either in a 3 or 5 Sub-Wave form.
Remember, Wave 2 & Wave 4 are always corrective moves so they move slow. Time to exercise patience🤞🏼