Us30analysis
US30: Thoughts and Analysis Post-CPIToday's focus: US30
Pattern – Diagonal
Support – 38,135, 37,135
Resistance – 38,810
Hi, traders; thanks for tuning in for today's update. Today, we are looking at the US30 on the daily chart.
What a solid run we have seen till yesterday's CPI data. After US CPI came in hotter than expected, this shocked the market and led to heavy selling on stock indexes and risk currencies with a flight to safety (USD).
We have broken down price action, price patterns and levels we are watching. Is this nothing more than a buying opportunity, or is this a potential momentum change?
Good trading.
US30 4H : Upward US30
New forecast
Yesterday, the index price achieved new historical gains by touching the level of 38124, then it was forced to form a temporary sideways fluctuation by settling near 38000. However, this will not affect the main upward path due to the repeated stability above the stable support at 37814.
The price may currently continue offering sideways trades until it gathers additional positive momentum to enable it to renew upward attempts, which may soon target the 38460 level, reaching the historical resistance extending towards 38850.
The expect range trading for today it will be between the resistance line 38460 and support line 37814 until stabilized .
support line : 37814 , 37645
resistance line : 38124 , 38460
Attention : We don't have any group in telegram be careful about scammer.
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like❤️
DOW JONES ANALYSIS 💸DOW JONES 💸
Chart : 4Hour
Overall Trend : Bullish
Current Market Structure : Consolidation
Scenario 1 :
We are overall bullish on the dow , as we know price has to break & close below 38570 for us to consider taking Selling opportunities. We are currently in a ranging phase . I will be looking for a discounted price to get in on longs .
US30 Longs from 38380.0 back upMy bullish bias for US30 remains intact this week. Last week's analysis (Scenario A) unfolded precisely as anticipated. With another upward break in structure, I continue to anticipate US30 to sustain its bullish trajectory. Currently, having cleared liquidity at the recent high, a pullback to another demand area is foreseeable.
My focus shifts to the 12-hour demand zone near 38380.0, where an engulfing candle triggered the latest break in structure. This zone, lining up with the 0.78 Fibonacci range, offers a chance for a Wyckoff accumulation to formulate so we can ultimately buy back up.
Confluences for US30 buys are as follows.
- Price broke structure to the upside once again leaving a clean 12hr demand.
- POI also sits within the 0.78 fib range as well.
- Trendline liquidity is left on top of the zone, so once it gets swept we can then hopefully see a nice reaction off our zone.
- Overall trend and the current trend still remain to be very bullish.
- Candlestick anatomy also shows that bulls remain stronger than bears.
- Liquidity left at the new high in the form of a wick.
P.S. While buys are currently preferable, we mustn't solely fixate on one bias. It's essential to remain open to alternatives that could unfold. For instance, if bullish pressure weakens, price might sharply decline, signalling a shift in momentum to the downside.
I hope you guys found this post insightful, have a great trading week everyone!
US30 / 4H / TECHNICAL ANALYSIS CAPITALCOM:US30 The daily pivot is 37105, the first support is 38062, and the second support is 37764. As long as they do not fall below, my target is 38743.
Like and comment if you find value in our analysis.
Feel free to post your ideas and questions at the comments section.
Good luck
US30 SELLUS30 had tapped into supply zone and showed rejection and inducement at this supply. This was further confirmed by a close of 30min candle below the Doji and break below structure.
Upon seeing this I waited for retracment to zone with additional confirmation once I started to see rejection at the entry zone @38675.00 I entered with sl@38715 (Risking 40points)
TP1: 38590.00. TP2: 38550.000 TP3: 38500.000
Approach where Possible & respond to Price is to take Partials profits from TP2 onwards.
* Where has the market moved since I entered my trade? Slight Profits
* If I looked at the market now, would I take the same trade?Yes
* How do I feel about my trade? Feel neutral and slightly optimistic
* What do I like about this trade ? patiently waited for more confluence and good Entry
* What do I dis-like about this trade now? Choppy & slow
* On a scale of 1 to 10, where would I rate this Trade now? 7/10
* If I were not in a trade now, would I take the opposite trade ?No
Strong Bullish Momentum in US30
"📈 US30 Bulls Bucking Strong: Analyzing the Dow Jones, it's evident that we're currently witnessing consistent higher highs and higher lows, indicative of an uptrend market. Observing the week-to-week movements, prices show a rise of approximately 2% from low to high and a decline of around 1% from high to low. Given this, my market approach involves patiently waiting for a potential 1% price pullback. Subsequently, I would seek opportunities to go long, placing my stops below the previous low to target a gain of around 2%. Your support for my channel through likes, comments, shares, reposts, and cheers is sincerely valued. Thank you. 🙌🚀"
US30 Longs from 38200.0 or 37600.0 back upMy bias for US30 this week remains bullish, especially after it broke structure to the upside following the NFP release. This breakout formed a new demand zone, providing potential buying opportunities. Alternatively, if price doesn't respect this zone, it may decline further to breach the trendline near Point (A) POI and then reach the 3hr demand zone beneath it.
Currently, I anticipate a correction and pullback to facilitate the formation of a Wyckoff accumulation pattern within these zones. Once price shows signs of slowing down and demonstrates a clear change of character to the upside on lower time frames, I will start considering buy positions.
Confluences fro US30 buys are as follows:
- Price broke structure to the upside once again to the upside leaving a new 6hr demand zone.
- Liquidity left in the form of a wick above and price looks like it will undergo a retracement.
- Overall market structure on the lower and higher time frame still remains bullish as well.
- Sentiment analysis also shows US30 to be VERY bullish.
- Candlestick anatomy still shows how strong the bulls are in this market.
P.S. It's intriguing to observe the strong bullish momentum in US30. However, I remain cautious not to solely concentrate on buying opportunities, as I acknowledge the possibility of the bullish pressure waning and US30 transitioning into a possible bearish trend. REMEMBER TO ALWAYS BE ADAPTIVE!
Have a great trading week guys and lets catch these pips!
DOW JONES (US30) - Potential long ✅Hello traders!
‼️ This is my perspective on DOW JONES.
Technical analysis: Here we are in a strong bullish market structure, so I look only for longs. I want price to make a retracement to fill the imbalances lower and then to reject from bullish order block.
Fundamental news: This week is full of news in USA. Firstly on Wednesday we have Interest Rate followed by FOMC Conference, then on Friday NFP and Unemployment Rate. Pay attention to the results in order to validate the analysis.
Like, comment and subscribe to be in touch with my content!
Dow JonesMain analysis on #DowJones US30 is this. We hit a ST top soon around 38,500-39,000.
Then we retest the 2021 high breakout before running straight parabolic all gas no breaks bears slaughtered all the way up to 44,150.
Then major 4th can hit. So Just be warned now. Once 36,400 flips into support there will be 0 rest for bears. It will be explosive and relentless. Like Toyota Supra filled with Nitrogen and twin turbo engine running at peak performance level.
And BigMike & BigMikes team will be Bulls, laughing all the way to the f**king bank. FYI 😉
US30 longs from 38000.0 back upGiven the strong bullish sentiment in US30 this week, the plan is to continue trading in line with the current trend. With recent price action breaking structure to the upside, it has formed a clear 9-hour demand zone. I'll be patiently waiting for a Wyckoff accumulation within this zone.
Once this accumulation pattern confirms on the lower time frames, I'll be keen on taking long positions, especially considering it aligns with a psychological level at 38000.0. Additionally, this zone has demonstrated an impulsive move, leading to a Break of structure (BOS). I anticipate this move to propel US30 to establish new highs.
Confluences for US30 Sells are as follows:
- Price has been overall bullish short term and long term so this is a pro trend idea.
- The 9-hour demand zone has caused a break of structure to the upside.
- There's some liquidity left to the upside that can be taken. Looking at the candle stick anatomy bulls are still looking more dominant.
- I anticipate a Wyckoff accumulation to occur during the ongoing pullback
- Sentiment analysis also sees US30 to be very bullish which is another confluence.
P.S. Given my strong bullish sentiment and the diminishing strength of bears, I wouldn't be astonished if price reverses. This market has been remarkably bullish for quite some time, so a reversal might occur to fill in imbalances or sweep liquidity left below.
US30 Longs from 37600.0 or 37300.0 back upUS30 recently broke out of its ranging zone, achieving new all-time highs and confirming an extremely bullish trend. This further strengthens the prevailing idea, prompting us to adapt and seek opportunities for buying to continue the upward trend.
We've identified two demand zones—one on the two-hour timeframe, close to the current price, and another (10hr) below, which is considered more ideal. The latter broke structure on a higher timeframe, swept liquidity, and is within the 0.78 fib range. I'll be patiently waiting for either of these two zones to explore potential buying opportunities.
Confluences for US30 Buys are as follows:
- Price needs to dip to a significant demand level for an upward rally to persist.
- The market trend is long-term bullish, aligning with this idea.
- New demand zones have been left on the (10hr & 2hr) which caused a BOS on the HTF.
- Price has taken ATHs confirming the bullish trend.
- Price has broken significant structure to the upside also reinforcing this idea.
- Imbalances below that need to get filled as well so a potential pullback does make sense.
P.S. Despite the prevailing bullish trend, it's crucial not to have tunnel vision and overlook the possibility of a bearish bias. With price absorbing all liquidity to the upside, there's a chance for a melt-off, potentially breaking through my demand zones and reaching the equal lows below them.
US 30 4H : Under sell pressure US30
New forecast
The index price succumbed to negative pressures, announcing the postponement of the upward attack, forming several downward corrective waves, through which it settled near 37400.
We would like to note that the continued exposure of the price to negative pressures and the stability of the obstacle represented by the level of 37814 will increase the effectiveness of the downward corrective path. We expect it to soon target the initial support centered at 37306, and then let us monitor its behavior so that we can determine the proposed targets for the upcoming trades. A fall below this support will increase the chances of the price resuming. For the bearish corrective attack, we expect it to reach around 37143 and 36916 in medium-term trading.
The expect range trading for today it will be between the resistance line 37814 and support line 37143 until stabilized .
support line : 37306 , 37143
resistance line : 37645 , 37814
Attention : We don't have any group in telegram be careful about scammer.
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like❤️
US30/USD Longs from 36600.0 back upUS30 doesn't currently capture my interest due to significant ranging and the build up of liquidity, awaiting a breakout. Once the breakout occurs, whether to the upside or downside, opportunities can be seized. Given the overall bullish sentiment, the demand zone for potential buys holds more appeal. I'll await a downside breakout, fill the imbalance, and then address my 4hr demand zone.
In case price breaks higher, establishing new highs, I'll look for a fresh demand level for buying opportunities. Alternatively, if the price breaks down and undergoes a character change, it may create a supply zone for potential short-term sells.
Confluneces for US30/USD Buys are as follows:
- Price is ranging a building liquidity due for a breakout and to eventually react off a zone.
- A demand zone below triggered a break of structure to the upside.
- The market trend is longterm bullish, aligning with this idea.
- Imbalance above the demand signals favourable reaction at my POI.
- lots of liquidity above, including trend lines and untouched Asian highs.
- Price needs to dip to a significant demand level for an upward rally to persist.
P.S. I'm currently holding off on immediate trades, waiting for price to initiate a breakout. The market appears to be in a consolidation phase, and I'll only consider entering trades once price establishes a clear direction to sweep liquidity.
Have a great trading week ahead everyone!
US30 IndexPair : US30 Index
Description :
Impulse Correction " ABC " Impulse Completed. Rejecting from the Strong Resistance Level. Completed " 1234 " Impulsive Waves in Short Time Frame. Rising Wedge as an Corrective Pattern in Long Time Frame , Wait for the Proper Rejection / Breakout
📉📆 US30 Daily Rejection: Targeting 37161 Test 🎯🔻💥I have noticed that the RSI indicator on US30 is at 69.1 and has been consistently decreasing. This indicates that there is a strong possibility that US30 will start to experience a decline in its value. It is not surprising to see this bearish trend, as other commodities have also been showing similar signals. Based on my analysis, I predict that US30 will initially reach a value of 37161 before continuing to drop further.
📈💥 US30 Super Bullish: Rally Set to Climb Even Higher! 🚀📈🎯US30 right now is not showing any indication of slowing down at any moment. All technicals point to it doing higher highs from here. It is one of the best instruments to hold in the portfolio at the moment.
We can see the RSI staying well above 50 and 61.8, which shows that it is still strong in the bullish region. Every red candle is a buy opportunity as it seems.
Crude oil and BTC has also shown sign of bullish solid signal which is a strong indication of a healthy market.
US30USD Longs from 36700.0 back upwards.he current situation for US30 lacks interest as price has already cleared a significant portion of the supply, resulting in a bearish move to eliminate remaining trendline liquidity. Currently, I am patiently waiting for a new break of structure to occur and the formation of a fresh supply zone. This will provide an opportunity to initiate sell positions targeting my Demand zone POI at 36700.
Alternatively, if a break of structure doesn't materialize, I'll look for price to descend, fill the imbalance, and accumulate around my 4hr demand zone. From this point, I anticipate a new upward rally, allowing for potential buy entries in line with the bullish trend.
Confluences for US30 Buys are as follows:
- Bullish pressure weakens, evident in a CHOCH and confirmed by a BOS
- A demand zone below triggered a break of structure to the upside.
- The market trend is bullish, aligning with this idea.
- Imbalance above the demand signals favourable reaction at my POI.
- Abundant liquidity above, including trend lines and untouched Asian highs.
- Price needs to dip to a significant demand level for an upward rally to persist.
P.S.If price doesn't reach that low, I'll patiently await another upside break, leaving behind a demand zone for potential buys. Currently, my primary point of interest is at 36700.0, so observing price action at this moment is preferable.
Hope everyone has a profitable first month!