US30 presents temporary sideways fluctuationHello everyone,The index price recently surrendered to the control of the sideways tilt, despite its repeated positioning within the axes of the ascending channel, to be affected by the strength of the additional barrier positioned at 35120. We note that it recently presented a weak sideways fluctuation by settling at 35000.
We would like to remind you of the importance of the stability of the support for the ascending channel extending towards 34910, so that this increases the chances of the price exceeding the previously mentioned barrier, and by achieving the required breakthrough, trading will extend directly towards 35255 and 35490. As for the price falling below the support and presenting it to a negative close, this will force it to activate the downward corrective path, so we expect it to incur many losses that may begin.
Resistance prices: 35254 & 35442 & 35699
Support prices: 34728 & 34469 & 34084
The general trend expected for today: bullish with stable support
Us30analysis
US30 DJI on 20-11-2023 : BEARISH BIASEDUS30 Index can go Bullish if,
H1/H4 closing happens above 35000, it can move bullish upto 35150 level.
or it can go Bearish if,
H1/H4 closing happens below 34880, it can move bearish upto 34730 level
#️⃣ Trend expectations from 8:00AM to 12:30PM USA Time EST.
#️⃣ Trade with 1-2% risk only.
US 30 4H : UPTREND US30
New forecast
The index price rose and activated the positive path in Friday’s trading by rushing above the 34185 level, suggesting an upward trend during the coming period.
Therefore the uptrend scenario will be remain valid and effective supported by moving average 50 that is support the price towards rise so our target will be 34249 and stabilized above this line will support the price to reach 34432 , taking into account that stabilized under 34000 will put the price under sell pressure again , also it is possible to do a retest and then rise up .
The expect range trading for today it will be between the resistance line 34292 and support line 34000 until stabilized .
support line : 34185 , 34000
resistance line : 34292 , 34432
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
US30 confirms the positivityHello everyone, Despite the weakness of recent trading in the index price and its fluctuation near 35050, its positioning within the axes of the ascending secondary channel shown in the attached drawing and the stability of the support represented by the level of 34728 confirms the positive continuity for the upcoming trading.
Currently, with the Stochastic indicator presenting positive momentum as it rushes towards the 80 levels, the price will be able to overcome the stable barrier at 35050, opening the door to reaching additional stations, which may start from 35245 and reach about 35442 in the medium-term trading.
Pivot Price: 35050
Resistance prices: 35254 & 35442 & 35699
Support prices: 34728 & 34469 & 34084
The general trend expected for today is bullish
US30 forecast, shortThe Dow Jones Industrial Average (DJIA), Dow Jones or the Dow for short tracks the performance of 30 of the biggest companies in the US including Boeing, Intel, and Dow. It’s often used as a barometer for the overall performance of the country’s equity markets. Historically it’s one of oldest and most followed indices. The chart is a useful measure of US economic health. Follow the Dow Jones live with the real-time chart and view the latest Dow forecasts, news and analysis. Key pivot points and support and resistance will help you trade the Dow Jones today and into the future
US30 (Achieves goals)hello everyone,Yesterday, the index price formed a strong upward attack by exceeding the additional stable barrier at 34738 , achieving significant gains by attracting towards 34985 . We currently confirm that the price is adhering to the bullish scenario and by trying to form the 34738 level for new support. The bullish bias calls us to wait for recording new gains starting from 35254.
Also, the continued fluctuation of the Stochastic indicator within the overbought level will reduce the chances of the price forming any bearish corrective bounce before reaching the previously suggested additional target.
Pivot Price: 34738
Resistance prices: 34985 & 35254 & 35565
Support prices: 34395 & 34084 & 33688
US30 4H continues to risehello everyone,The index price continued to form upward waves in yesterday’s trading, taking advantage of the repeated stability above the 23.6% Fibonacci retracement level, centered at 34100, to constitute strong support, and we can notice that it achieved new gains by reaching about 34472 .
The price may currently be forced to provide some sideways fluctuation due to the attempt of the Stochastic indicator to break out of the overbought level. We will remain waiting for the price to succeed in gaining additional positive momentum, and then to resume the upward momentum with the aim of soon reaching towards 34776 , and by exceeding it, the intermediate trading may extend towards 34985 , to constitute the next main target for bullish trading.
Pivot Price: 34100
Resistance prices: 34472 & 34776 & 34985
Support prices: 33876 & 33640 & 33395
The general trend expected for today: bullish
US30 making some additional gainshello everyone,The index price activated the positive path in Friday's trading by rushing above the 33989 level to record additional positive gains by being attracted towards the main resistance extending towards 34341 and settling below it, as is clear in the attached drawing.
Currently, and in an attempt to present the main indicators of positive momentum, we recommend waiting for the price to break through the previously mentioned resistance to confirm its move to the next positive stage, and then to start targeting new positive stations that may start from 34341, while the risk of falling below the moving average 55, which is currently positioned near 33989 , lies in the price forming strong negative waves that may It causes him to suffer significant losses by gravitating toward 33701 and 33407, respectively.
Pivot Price: 33989
Resistance prices: 34341 & 34526 & 34776
Support prices: 33701 & 33407 & 33049
The general trend expected for today: bullish if the condition is met
US30 IMPORTANT DECISION Hello traders it looks like its make or break time for us30
the price is on a very sensitive zone A Major key level + a falling trendline.
however it looks to me that the buyers are still keeping strength on the market it is very likely and possible we can see a breakout and a further continuation to the upwards just like the nasdaq100
but the possibility of a rejection and down is still there.
id say its 65 percent probability it goes up and 35 percent it goes down.
the global direction is still unclear no confirmation was shown i will update you guys if i see anything.
US30/USD Shorts from 34600.0 down towards 33800.0My bias for US30 currently is for a bit more upside in order to mitigate the 22hr supply zone or the 19hr, both are apart of a key weekly supply level. From this we will expect a sweep of the asian high as well as a consolidation before entering to show that price is slowing down and buys have now become exhausted.
We will then wait for a wyckoff distribution and a CHOCH on the lower time frame before we execute our sell positions. As price has been very impulsively bullish I am expecting a retracement for sure hence my bias.
My confluences for US30 shorts are as follows:
- Price approaching key weekly supply level that caused a CHOCH to the downside.
- There's magnets below our POI that need to be taken in the form a liquidity sweep.
- There a lot of imbalances below as well as deeper demand levels for price to mitigate.
- Price has been moving very bullish with minimal pull backs so price needs to come down.
- For price to continue in bullish trend it needs to react off a stronger level of demand.
- 22hr supply has also swept liquidity, good sign that the zone will hold.
P.S. I am overall bullish however, as we are approaching a key supply I can see a short term sells playing out in order to fill the imbalances below and mitigate a deeper level of demand. This makes sense because us as traders, we ideally want to buy from a discounted price. As of this week we do have CPI coming on Tuesday, I would personally wait after just to see how price reacts from this major news event then make my move.
Trade safe and hope you guys have a good week ahead!
US30 possible continuation to 35,000In my analysis, I've identified a potential continuation of the uptrend with a target set at 35,000. However, in adherence to my trading rules, I am anticipating a retracement to the 33,900 region, aligning with the lower boundary of the established uptrend channel. In this scenario, I plan to initiate a position, setting my stop-loss at 33,800, and establishing multiple targets. I intend to secure a portion of my positions upon reaching the first take-profit level, allowing the remaining positions to run.
US30 4H : Support to decline US30
New forecast
The index price fell yesterday after testing the stable resistance at 34185 and failing to penetrate it. We notice that it sneaked below the moving average of 50, incurring clear losses by touching the level of 33832 approximately.
Let us favor the downward trend during the coming period, as breaking 33832 will facilitate the task for the price to reach 33600 and 33450.
Therefore the downtrend scenario will be remain valid and effective during coming period , taking into account that stabilized above 34185 will put the pressure on the price to rise up . for reminder our target will be active when price can stable under 33832. also it possible to do a retest to 34000 and then drop.
The expect range trading for today it will be between the resistance line 34185 and support line 34600 until stabilized .
Additionally Today ,New York sessions will affect on the Indices .
support line : 33832 , 33600
resistance line : 34000 , 34185
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
US30 repeats giving a negative signalhello everyone,The index price gave a negative signal after testing the stable resistance at 34296 . We noticed that it sneaked below the moving average of 55, incurring clear losses by touching the level of approximately 33915.
We point out that the stability of the previously mentioned resistance will confirm the beginning of the effect of the downward path in the upcoming trading. We expect the price to gain additional negative momentum, starting to target new negative stations, with the 33701 level forming the first station of the downward path, reaching towards 33407, to constitute the main target for the current period’s trading.
Pivot Price: 33989
Resistance prices: 34296 & 34526 & 34776
Support prices: 33701 & 33407 & 33049
The general trend expected for today: bearish
timeframe: 4H
US30 repeatedly collides with the moving average -55 Yesterday, the index price surrendered to the control of the bearish corrective tendency by rebounding negatively While the price’s success in penetrating the resistance and holding above it will enable it to resume the upward attack, initially targeting the 34296 level, reaching towards 34526.
Pivot Price: 33989
Resistance prices: 34296 & 34526 & 34776
Support prices: 33701 & 33407 & 33049
The general expected tendency for today: neutral with the axes remaining stable
US30 4H : OUTLOOK US30
New forecast
The index price traded sideways yesterday with a strong negative rebound after touching the additional stable resistance at 34185.
Therefore we still prefer the uptrend due to the support level at the 34000 , and the upward will be remain because the moving average 50 still support the price to rise up , so to confirm the bullish trend should stable above 34185 and then will support the price to reach 34292 and extend to 34432 ,taking into account that stabilized under 34000 level will postponed the bullish trend.
The expect range trading for today it will be between the resistance line 3400 and support line 34185 until stabilized .
Additionally Today ,New York sessions will affect on the Indices .
support line : 34000, 33832
resistance line : 34185 , 34292
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
US30 4H : Still bullish US30
New forecast
The index price rose yesterday and maintained its stability above the resistance level at 34052. This will enable it to resume the upward attack, initially targeting the 34292 level, reaching towards 34432.
Therefore the uptrend scenario will be remain valid and effective supported by moving average 50 that is continue to support the price towards higher, taking into account that stability under 34052 will force the price to formed the negative correction
The expect range trading for today it will be between the resistance line 34432 and support line 34052 .
Additionally Today ,New York sessions will affect on the Indices .
support line : 34150 , 34052
resistance line : 34292 , 34432
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
US30 4H repeats pressure on additional resistanceThe proposed scenario for nearby trading depends on the stability of the current resistance. With its stability, we expect the price to renew the downward corrective attack, thus targeting the 33989 and 33701 levels, respectively. While the price’s success in penetrating the resistance and holding above it will enable it to resume the upward attack, initially targeting the 34296 level, reaching towards 34526 .
Pivot Price: 33989
Resistance prices: 34296 & 34526 & 34776
Support prices: 33701 & 33407 & 33049
The expected general trend for today: bearish with resistance remaining intact
US30 4H :Trying to start the correction US30
New forecast
The index price failed to resume the upward attack due to its encounter with additional resistance near 34150. We notice the beginning of its formation of a downward corrective creep, thus settling currently below the level of 34050. We expect the downward corrective attempts to continue making profits for the current period, and we expect it to sneak towards 33832. By breaking this obstacle, trading may extend towards 33600, which may form In turn, additional support against bearish trades.
Therefore the negative correction it will be remain valid as long as price trade under 34150 ,As for the price’s success in penetrating the resistance 34150 and holding above it, this will open the door to resuming the upward attack. We expect the price to target directly the level of 34292, arriving towards the next main target represented by the level of 34432.
The expect range trading for today it will be between the resistance line 34150 and support line 33832 .
Additionally Today ,New York sessions will affect on the Indices .
support line : 33832 , 33600
resistance line : 34050 , 34150
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️