SasanSeifi| Where is the Next Support?Hey there, ✌ In the 10-hour timeframe, the Dow Jones Index has been correcting from the 43,300 price range. With a structural break around the 42,700 to 42,500 zone, the price entered a corrective phase, reaching down to 41,700. Currently, it is trading around 42,000.
The general outlook leans more towards a bearish scenario. One potential scenario is that after some slight upward fluctuations or sideways movement, if the 42,500 supply zone doesn’t break, we may see further correction to lower levels around 41,400 and 41,300. Following this, a range-bound movement is possible upon reaching these levels.
Should there be a correction in the price trend, it’s important to watch the price reactions in these zones to better understand the continuation of the movement. Additionally, if demand picks up and the critical 42,500 level breaks and holds, we could see a further price rise toward the 42,700 and 43,000 levels.
💢This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
Us30analysis
US30Regarding Us30 two situations may take place however the end is the same ( falling)
Situation one : retracement from 41848 or 41452 level
To 42494 and continue to fall
Situation two : retracement from above mentioned levels
To higher high at 43389 forming a double top pattern and end up to fall .
The accending channel is broken so situation two is acceptable for me .
Dow Jones Index (US30): Support & Resistance Analysis
Here is my latest support & resistance analysis for US30.
Resistance 1: 42450 - 42720 area
Resistance 2: 43280 - 43310 area
Support 1: 41616 - 41886 area
Support 2: 40850 - 41182 area
Support 3: 40000 - 40240 area
Consider these structures for pullback/breakout trading.
❤️Please, support my work with like, thank you!❤️
I see the Dow Jones index going down soon!Considering the political developments in the world as well as the upcoming American elections, and on the other hand, according to the economic data published in the last few weeks, it seems that the Dow Jones index will start to move downwards from this price point! The long-term target is specified in the chart
DOW JONES - Short from bearish OB !! Hello traders!
‼️ This is my perspective on DOW JONES.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. My point of interest is imbalance filled + rejection from OB.
Like, comment and subscribe to be in touch with my content!
US30 I Potential long from bottom of the channel & weekly levelWelcome back! Let me know your thoughts in the comments!
** US30 Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
US30 Analysis in Elliott Waves - Anticipated Correction ScenarioUS30 Analysis in Elliott Waves - Anticipated Correction Scenario :
Fibonacci extensions. This level often signals a potential reversal point, suggesting that a significant correction may be approaching in the short term.
We anticipate a possible correction towards Fibonacci levels, around 23% to 38% of the third wave. The end of this third wave has also formed an ending diagonal, reinforcing the likelihood of a pause or reversal in the trend.
Awaited Confirmation Signals
To confirm the potential for a correction, several technical signals are in place:
Divergences on MACD and RSI: A bearish divergence is present on these indicators, indicating a weakening of bullish momentum and increasing the likelihood of a trend reversal.
Break of the Trend Line: Although the market is still in an uptrend, the break of this trend line would provide final confirmation of the end of the third wave and the start of a deeper correction. Monitoring this break is crucial before entering short positions.
Price Action: On the weekly chart, a Bearish Engulfing pattern has already been observed, further supporting potential sell signals.
Price Targets
First Target (TP1): 38,418, a key support zone expected to serve as the initial correction target.
Second Target (TP2): After a minor bullish correction, we could aim for the 33,735 area as the final target of this downward phase.
After this anticipated correction, we’ll reassess the market to look for new buying opportunities if the bullish trend resumes.
Potential bullish rise?US30 is reacting off the pivot and could reverse to the pullback resistance level which aligns with the 50% Fibonacci retracement.
Pivot: 42,387.94
1st Support: 42,084.97
1st Resistance: 42,759.06
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.
US30 Breakout Setup – Targeting 43700 and 44000 US30 is showing strong bullish momentum with price holding above an ascending trendline,
I am currently seeing consolidation near a key resistance level if price breaks above 43346 it could signal a good buying opportunity,
I am targeting two main levels for take profit:
First target: 43700 (minor resistance).
Second target: 44000 (psychological level).
My Stop Loss is set just below 43000 to protect the trade, right under the 0.618 Fibonacci retracement and trendline support,
Trade Setup:
Buy Entry: Above 43346 on a confirmed breakout.
Stop Loss: Below 43,000 (protected by the Fib 0.618 level and trendline).
Take Profit 1: 43700
Take Profit 2: 44000
This setup has a strong risk reward profile and follows the ongoing bullish trend in US30, Watch for a strong breakout before entering the trade!
Best of luck!
Dow Jones 30-Minute Trade Targeting Key Liquidity ZoneCurrently, this 30-minute Dow Jones (US30) trade is focused on reaching the liquidity zone around 42,840. The price is trading near previous highs, and a fast move is anticipated from this level. Maintaining a strategic approach, we are closely monitoring this zone to confirm whether a breakout will occur or if the market will reject this liquidity level.
Technicals:
• The market has been ranging near previous highs, indicating a possible buildup of orders around this level.
• The price has shown consistent interaction with the FibCloud, suggesting institutional involvement.
• Current market structure points towards a possible bullish move if the liquidity zone is tapped, followed by a rapid price shift to the upside.
• A key resistance zone lies around 42,840, which will be the short-term target for this trade. If broken, this could lead to higher momentum.
Fundamentals:
• The market remains sensitive to macroeconomic factors such as interest rate updates and geopolitical tensions.
• Positive market sentiment has been bolstered by potential stimulus measures from both the US and international economic policies.
• The US Federal Reserve’s rate hike discussions and global monetary easing are contributing to volatility, impacting the broader market.
• Investor focus remains on earnings season reports and data releases such as the upcoming US jobless claims and inflation figures, which could shift market dynamics quickly.
This setup is poised for a quick move, depending on whether liquidity is tapped, leading to a potential sharp reaction.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
US30: Seize the Opportunity - Buy Signal Active!US30: Seize this buying opportunity on the US30, as market conditions indicate a potential upward trend. The US30 is currently in a reversal phase, making it an ideal time to enter the market. Pay close attention to technical signals and indicators, as the US30 could soon experience a strong rise. Don't miss this buying opportunity on the US30 to maximize your gains.
US30 (Dow Jones) Weekly Analysis Alert!🚨 US30 (Dow Jones) Weekly Analysis Alert! 🚨
📊 Resistance Zone: 43,500 - 44,000
📉 Reversal Point: 43,300
🎯 Target: 40,300
US30 is showing signs of a **potential fake breakout** near the 43,500 - 44,000 resistance level. A rejection here could lead to a **downward move**, with the next target around 40,300. Watch closely for a reversal near 43,300!
⏳ Keep your eyes on the RSI and momentum indicators for confirmation! This could be a **great shorting opportunity** if the price reverses.
#Trading #US30 #DowJones #StockMarket #TechnicalAnalysis #TradingOpportunities #TraderLife #StockMarketAnalysis #MarketTrends #InvestSmart
---
US30_reversal-only-at-43750so looking at US30, from a zoom'd out view, and where price came from i will onloy start to look at proper pull back below 43 750
this is my analysis of the reversal / pull back level for US30, coming towards the end of Oct / last week of Oct, right in time of the US elections, first week in Nov
Lets see how this play
US30 Great Long ROI TRADE: Must See Good Morning, Trading Family
I wanted to point out a great trading opportunity with some solid ROI potential. US30 held that 43,078 level like a champ, and now it’s making a push toward the 43,468 zone. If we can break through that resistance, the next logical stop is up at 43,605. It’s looking like the bulls have the upper hand right now, and if you catch this move, there’s a sweet reward on the table.
What I really like about this setup is the risk feels pretty manageable. We’re sitting near the lower part of the channel, so if it goes sideways, you’re not too exposed. But if it does what it looks like it’s ready to do, there’s some solid upside waiting. These are the kind of setups I love — clean structure, clear targets, and room for a smooth move.
Right now, it’s all about watching how it reacts around 43,468. If we break that level with volume, the path toward 43,605 becomes a lot clearer. That’s the spot where I'd start scaling out some profits, but if momentum keeps rolling, there could be even more on the horizon.
If this helps you out, make sure to follow, boost, and share with anyone else who could use it. Let’s grow this trading community together and keep finding setups with that sweet risk-to-reward edge. Stay sharp and trade smart, family.
Mindbloome Trader
US30 / UNDER Q3 EARNING , AFTER BREAKOUT THE CHANNEL / 4HUS30 / 4H TIME FRAME
HELLO TRADERS
The chart mentions a breakout from a price channel followed by the publication of Q3 earnings, suggesting that these two events contributed to the rise in the US30’s price, reaching a new all-time high (ATH) of 43,323.
It notes that prices are currently trading below the ATH, implying a potential pullback or correction.
The analysis identifies a demand zone between 42,877 and 43,649. The text suggests that if prices stabilize within this zone, there is potential for a bullish reversal, with prices possibly rising back to the ATH and even reaching new historical peaks between 43,620 and 44,005.
For a bearish scenario to play out, the text suggests that prices would need to break below a Fair Value Gap (FVG) between 42,404 and 42,238. Breaking this level could confirm a downtrend.
Despite the potential for a pullback, the overall tone of the analysis is bullish, as prices are said to be under upward pressure after breaking out of the channel.
ATH : 43323
Demand Zone : 42,877 and 43,649.
FVG : 42,404 and 42,238.
US30 sell opportunityAt US30 Empire, we believe the US30 (Dow Jones) is primed for a drop based on several key technical indicators. Here’s why:
1. Stochastic Oscillator in Overbought Territory: The stochastic oscillator, a momentum indicator, is signaling that US30 is in an overbought zone. This suggests that the index may have risen too far, too fast, and is due for a correction. Historically, when the stochastic hits these levels, we see a pullback in price.
2. Trend Lines Indicate Resistance: Our trend lines, drawn from key highs and lows, show that the US30 is approaching a major resistance level. This resistance aligns with the index being at its highest price ever. Typically, markets struggle to break through strong resistance without a significant retracement first.
3. Pivot Points Signaling Reversal: Based on pivot point analysis, the US30 is sitting at a major pivot level. This level often acts as a turning point in price movement, and combined with other indicators, it suggests the potential for a reversal.
4. Support and Resistance Levels: The US30 is currently testing long-standing resistance levels. As price fails to break through, this creates a barrier that historically leads to a downside correction. These resistance levels, matched with the overbought stochastic, signal that sellers may soon take control.
Overall, the combination of overbought stochastic levels, trend line resistance, pivot points, and price reaching historical highs makes a compelling case for the US30 to drop from here.
Time for US30 to take a breather?Dow Jones index has been spiking since the Fed decided to lower interest rates in September 2024. With just two weeks until the 2024 US presidential election, history suggests that the market typically experiences a correction before elections due to uncertainty.
Will this time be an exception?
DOW30/US30 - SWING TRADE ONLYTeam, with the DOW/US30, we are doing swing trade.
With swing trade, we require to leave room for stop loss, so our target is also big as well
We prefer to enter SHORT at 43069-43085
STOP loss can be TIGHT at 42115 or SWING STOP LOSS at 43215
Target at 42815-45
then Target at 42410-56
PLEASE NOTE: With the swing trade, we could hold the trade for a few days until the target is reached. If we lucky we can get the target hit within the same day demand on how the market react due to data.
DOW JONES - Potential long !!Hello traders!
‼️ This is my perspective on DOW JONES.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long. I expect price to continue the retracement to fill the imbalance lower and then to reject from OB.
Like, comment and subscribe to be in touch with my content!
Dow 30 Tanks! Short Trade Hits First Target – More Downside?The Dow 30 (DJIA) has shown significant bearish momentum, with the short trade reaching Take Profit 1 (TP1) at 42855.11.
Key Levels
Entry: 42975.00 – The short position was entered as the price broke below this level, indicating bearish sentiment.
Stop-Loss (SL): 43072.00 – Placed above recent resistance to protect against a potential price reversal.
Take Profit 1 (TP1): 42855.11 – The first target has already been reached, confirming the downward move.
Take Profit 2 (TP2): 42661.11 – The next target as the bearish trend continues.
Take Profit 3 (TP3): 42467.11 – A further target if selling pressure persists.
Take Profit 4 (TP4): 42347.22 – The ultimate profit target signaling a continued decline.
Trend Analysis
The price has dropped below the Risological Dotted trendline, confirming the strength of the bearish trend. With TP1 already hit, further downside potential is in play, with the price likely to test TP2 and beyond.
The short trade on the Dow 30 has successfully hit its first profit target, with further targets likely if the current bearish trend holds. The strong downward move suggests that TP2 and TP3 could be reached in the near term.