Us30analysis
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 ❤️
US30 4H : above 34150 will rise up again US30
New forecast
The price perfectly fulfills my last idea and price reached to our first target .
The index price rose over the past week and confirmed its surrender to the control of the bullish tendency by surpassing the support centered at 33770 and holding above it, achieving new positive gains by reaching about 34148,waiting for positive impulse to stable above 34150 and then our positive will be 34292 and extend to 34432. so the main condition to be uptrend is stability above 34150.
Therefore the uptrend scenario will be remain valid and affective supported by moving average 50 ,Taking into account that stabilized under 34052 level this may force it to form a temporary bearish corrective bounce to target the 33832 level and then will rise up.
The expect range trading for today it will be between the resistance line 34292 and support line 34052 .
Additionally Today ,New York sessions will affect on the Indices .
support line : 34052 , 33832
resistance line : 34150 , 14292
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
US30 short term Shorts towards 33000.0As I am still bullish on US30 this idea is a temporary move that I see playing out due to the past couple days being very bullish. As im expecting a pull back/retracement of some sort, I will be looking to take the sells at the 22hr supply zone. I will wait and see for price to show me its hands then go from there. As price hasnt slowed down yet im still waiting for price to distribute soon so we can take sells back down towards 33000.0
Scenario (A) - Is just for price to enter an area of supply which is at the 22hr supply zone. Then we will need our lower time frame confirmation to tell us that price is ready to drop like a choch and a wyckoff distribution. There is a 3hr supply below however, I feel like it will get violated hence why I will be waiting for the 22hr as that zone has also swept liquidity above.
Scenario (B) - Is for Price to sweep this major high and retrace back down towards our designated target around 33000.0. This is were im expecting price to slow down and accumilate orders for us to start entering our buy positions. Then from there we will ride with the trend up to maybe new higher highs.
Confluences for US30 shorts are as follows:
- Dollar has shifted trend to the downside so im expecting this market to be bullish.
- Price has had a lot of impulsive moves to the upside that it needs to come back and retrace back to.
- Price is approaching level of strong supply that will potentially cause price to come back down to a cheaper price so we can enter our buys.
- There are lots of imbalances below as well on HTF and if price wants to continue going back up it needs to retrace and pick up liquidity to beign a new rally.
P.S. I am expecting US30 to make new ATH's so if we get into buys we could possibly hold all the way to premium price levels. This is also backed by DXY as if thats now going down I will be expecting this market to rally up even more. In addition to this, sentiment analysis also expects US30 and NASDAQ to be very bullish which adds to our confluence for FUTURE buys!
US30 4H : Support further rise US30
New forecast
The index price rose in yesterday’s trading by recently surpassing the stable resistance at 32250, achieving significant gains by attracting towards 33450 with More bullish corrective attempts are likely.
Therefore the bullish trend scenario will be remain valid and effective supported by moving average 50 that is continue to support the price to rise up, but the price currently needs new positive momentum to enable it to overcome the stable obstacle at 33450 to make it easier for the price to achieve the proposed target that it started by targeting the 33600 level, and by breaking it, it will reach 33770.taking into account that is possible to do a retest to 33250 and the rise up.
The expect range trading for today it will be between the resistance line 33600 and support line 32250.
Additionally Today ,New York sessions will affect on the Indices .
support line : 33250 , 33155
resistance line : 33450 , 33600
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 : Under 32891 will drop US30
New forecast
The price perfectly fulfills my last idea and price reached to our negative target +250 pip.
The price of index rose up and reached to near the resistance zone and the rebounded from it at 33155 ,so as long as price trade under that zone the price will be continue at the bearish trend, To invite us to wait for the price to accumulate negative momentum to breach and stabilized under 32981 to reach our targets began 32700 and extend to 32615
Therefore the downtrend scenario will be remain valid supported by moving average 50 that is continue to push the price to decline for reminder our target will be activate when price can stable under 32891 , taking into account that breach and stabilized above 33155 will postponed the bearish trend and will push the price to build the positive momentum .
The expect range trading for today it will be between the resistance line 33251 and support line 32700.
Additionally Today ,New York sessions will affect on the Indices .
support line : 32891 , 32700
resistance line : 33155 , 33251
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 Shorts to 32600.0 US30 has recently broken structure to the downside on the higher time frame indicating it wants to continue in its bearish trend however, I believe it will not hold for too long as the over all market is bullish. In terms of current price action I'm expecting for price to continue going down a bit towards the 32600.0 mark.
Scenario (A) is Selling from the current price as it has tapped in a 22hr supply zone that has caused a BOS to the downside. Now price has retraced back into it, wyckoff distribution has played out for us to take sells from the supply we are in. Once we get to the target we can wait for price to show us its hands to decide if we can buy back up to another supply or not.
Scenario (B) would be waiting for price to push higher and take out our current supply zone and eventually tap into the 4hr above where better premium prices are. Not only did it cause a change of character but it also has imbalances below it which is a good sign of that zone being respected. Then we will wait for our lower time frame confirmation in the form of a re distribution and an another CHOCH to sell down towards our designated target of 32600.0
My confluences for US30 shorts are as follows:
- The market has broken structure to the downside on the higher timeframe.
- Price has tapped into a good supply zone (22hr) that has also caused a BOS.
- Wyckoff distribution has taken place and has changed character leaving a good price to sell from.
- There's loads of liquidity to the downside we can target in the form of equal lows, trendline and imbalances.
- The dollar is currently bullish and has been very strong recently so I am expecting this pair to drop more to the downside.
P.S. this is just a short term idea for US30's current market conditions however we have to be cautious when trading this week as there is FOMC on Wednesday and NFP on Friday so trade safe and have a wonderful week ahead!