US30 ( UNDER CPI PRESSURE ) ( 4H )US30
HELLO TRADERS
Yesterday, the Dow Jones experienced a significant rise. Today, due to the release of the U.S. inflation report, the market is expected to show high volatility. From a technical perspective, if the price stabilizes below 39,951, we might see the first and second support levels. However, if it breaks above this level with a close of a 4-hour or 1-hour candle, the price is likely to rise towards the first resistance level.
Tendency , the price is under bearish pressure , until trading below turning level around 39,951
Upward Zone : for an upward movement to occur , the price needs to break through the turning level at 39,951 , leading to rise that could reach the resistance level (1) at 40,668 , if the price breaks and stabilizing above this level it may attempt to reach resistance zone between 41,049 and 41,410 .
Downward Zone: as long as the price remain below the turning level at 39,951 , it may drop towards the support level (1) at 39,448 , if the price breaks this level with a 4h candle closing below it , it suggest further decline towards the support zone between 39,022 and 38,370 .
CORRECTIVE : currently price it will be attempt to retest to reach a turning level at 39,951 before dropping .
TARGET LEVEL :
RESISTANCE LEVEL : 40,668 , 41,049 , 41,410 .
SUPPORT LEVEL : 39,448 , 39,022 , 38,370 .
Us30analysis
US30 longHere is why;
Weekly
Price broke beneath 40,000 resistance level and price has not retested that level.
We see that there is a lot of bullish momentum that has been picked up from 38,500 due to last week's candlestick closure
Everything is pointing towards price going to test 40,000
Daily
We see that price too a lot of buy orders from 38,500.
Price broke and retested 39,300 region three times before finally heading northwards
The next target is 40,000
4 hour
Price today has closed above 39,720 and I expect for price to test the region before heading upwards.
However, for now it is not clear what price will do, so it is best I just sit on my hands.
US30 Bearish Breakout! US30 broke the rising
Support and the breakout
Is confirmed so we are bearish
Biased and we will be expecting
A further move down !
US30 Buys !!!!US30 Buys
**Trade Idea:**
- **Instrument:** Dow Jones Industrial Average (DJIA) Index
- **Timeframe:** 1 Hour
**Setup:**
- The price is currently bouncing off the 0.618 Fibonacci retracement level, which suggests a potential continuation of the bullish trend.
- The 200 EMA (black line) is serving as dynamic support, reinforcing the bullish momentum.
- The formation of higher lows and the breakout above the 50 EMA (red line) further confirms the strength of the uptrend.
**Trade Entry:**
- **Buy Entry:** Enter a long position at the current price level around 39,640, after confirming a strong bullish candle above the 50 EMA.
**Targets:**
- **Primary Target (TP1):** The first target is set near the 0.786 Fibonacci retracement level around 40,520, aligning with a significant resistance area.
- **Secondary Target (TP2):** The ultimate target is near the previous high at around 41,415.
**Stop Loss:**
- **Stop Loss (SL):** Set the stop loss just below the 0.5 Fibonacci level, around 39,207, which coincides with recent lows and provides a good risk-reward ratio.
**Risk Management:**
- Ensure that the risk-reward ratio is favorable, ideally at least 1:2.
- Adjust the position size to maintain proper risk management based on your trading plan.
**Additional Notes:**
- Monitor the price action closely as it approaches the 40,520 level. If the price shows signs of rejection, consider securing partial profits or adjusting the stop loss to breakeven.
- Be aware of any macroeconomic events or news releases that could impact market sentiment.
---
This trade idea is based on technical analysis and should be executed with caution, considering all potential risks involved.
US30 BUY ANALYSISHere on US30 price has made a retest at 39505.4 level which likely to be brake and if happen is likely to move up more to retests at resistance of 40990.2 so go for LONG is needed and expected to use money management .
US30USD ShortConsidering that this price completed the rising flag pattern and retested the lower trendline, I do anticipate that the momentum might be bearish. This will depend the one candle stick that closes after the doji.
Still, my entry point will be 39400, SL at 40,000 at TP at 38000
US30Hit TP on long, left runners and entered short on POI marked out earlier this week hoping to get discount to possible go higher
US30 longHere is why;
Weekly;
Price went below 40,000 and never retested the region.
Hence, a retest is due.
Daily;
There is a bullish formation of a higher high that has been formed in the last 3 days.
The target for the daily timeframe is 39,750.
4 Hour;
This is the time zone I am looking for my entry level.
For now, I believe that the best place to enter longs are at 39,350, however, I am waiting for price to show me better confluences before I enter the market
US30 ( BREAKOUT ASCENDING CHANNEL ) (1D)US30
HELLO TRADERS
Tendency, the price is under down ward pressure, until trade below 40,025 .
Upward zone : In order to see an increase, the price needs to break the turning level at 40,025 , to reach resistance levels (1) at 41,219 , then as it stabilizes on the turning level we may see new resistance zones around 42.549 and 43,658 .
Downward zone: Provided until the prices trade below the turning level, it indicates a reach of the support level (1) at 39,071, then breaking this level with a 1d or 4h open candle below is likely to reach the support level (2) at 38,099 .
Corrective level :Price may make a correction before dropping .
TARGET LEVEL :
RESISTANCE LEVEL : 41,219 , 42,549 , 43,658 .
SUPPORT LEVEL : 39,071 , 38,099 .
US30 shortsHere is why;
Daily
Price broke below the region of 39100. There have been two retests. This is as of Tuesday and Wednesday
Wednesday's candlestick engulfed Tuesday's candlestick to the downside. The next noticeable zone 38,500 but I expect price to go even lower.
4 hour
Price has formed a massive 3 pin pattern formation which has broken below 38,865 (this is a minor region where orders were collected). I expect a retest of this region before price continues going lower.
US30 3 Possible reaction levels possible short to long
I have 2 demand zones marked out as well as a possible London Supply
Confirmation is key
US30 Neutral today but expecting price to head upwards longtermI believe that there is no clear cut setup for US30 at the moment. A daily closure would give the best signal for what it is going to happen.
However, I believe that price will go upwards long term.
Here is why;
- Price broke below 40,000 which is a massive weekly region with a lot of bearish momentum.
- Price has not retested 40,000 and I believe we will see a retest in the near future.
- Price went as low as 38,500 where we can see that is the region where most of the bullish orders were filled. 39,000 is also a notable region where orders were filled.
- As of this morning, price is trapped between 39,100 and 38,500. Until I get a full daily closure above 39,100 then I will know whether to buy or sit on my hands.
My thesis as of now is that there is no clear bias to jump on today and that it is best for me to sit on my hands as I wait for price to make a comprehensive decision. I will update if there are any changes during the day.
US30USD Weekly AnalysisThis index has been forming a rising flag pattern for the past few weeks which IMO is a strong indicator of a bearish momentum.
I do anticipate that the momentum will continue and test the market zone at 38.2 A follow-up analysis using shorter time frames will follow.
Potential bullish rise?Dow Jones (US30) is reacting off the pivot which has been identified as pullback support and could rise to the 1st resistance which acts as an overlap resistance.
Pivot: 39,444.43
1st Support: 38,973.24
1st Resistance: 40,213.21
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US30 Push Up! ( LONGS ) US30 mighty reversal
Us30 is at a KEY level. Us 30 has to make a choice here. Rate cuts coming, lets see if we can get out push back up to all time highs.
US30 ( UNDER BEARISH PRESSURE ) (4H)US30
HELLO TRADERS
Tendency , the price is under bearish pressure , until trading below 40,884 .
TURNING LEVEL (1) : the price of this level at 40,884 , so if the price breaking this level reach a resistance level (1) .
TURNING LEVEL (2) : the price of this level at 40,665 , so if the price breaking this level reach a support level (1) .
RESISTANCE LEVEL (1) : this level around 41,351 , for reach this resistance level the price need breaking a turning level (1) .
RESISTANCE LEVEL (2) : around 41,755 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1) .
SUPPORT LEVEL (1) : this level around 40,315 , for reach this support level the price need breaking a turning level (2) .
SUPPORT LEVEL (2) : support level at 39,954, for reach this level will be breaking by open 4h candle below support level (1) .
CORRECTIVE LEVEL : currently price 19,044 , have two scenario , first corrective turning level (1), before dropping to touch a turning level (2) , then breaking this level reach a support level (1), second corrective turning level (2) , to reach a turning level (1) , then breaking this level reach a resistance level (1).
MY GOAL : support level (1) at 40,315
TARGET LEVEL :
RESISTANCE LEVEL : 41,351 , 41,755 .
SUPPORT LEVEL : 40,315 , 39,954.
How to Scalp US30In and out is the name of the game as a scalper. The better you understand this the more effective your scalping will be.
Some people say that scalping pays the market - this has some truth to it but I want to explain why. It is because of traders who don't correctly know what a scalp is supposed to be.
A scalp is meant for you to just take something off the top; Thus "scalp".
What this means is, it isn't much you are asking for 9/10 times and this is why scalping generally pays the market. It is because most scalpers lose due to not knowing that they shouldn't really be in those trades for long.
We need to operate like speedsters from these TV shows like the flash. Handle your business in lightning speed.
This is how I think you could more effectively scalp.
Have a good day folks - I'm done for the day
US30USD Pattern FormationThis index has been forming a bullish pennant for the past few days. It has retested the resistance zone, which has now converted to a support zone.
I do anticipate that this index will continue with its bullish and a follow up analysis using a shorter time frame will be done so that we can have a clear entry point.
Wall Street ShortAfter rebounding from the upper trendline, it seems that this index is forming a rising flag, which IMO is a strong indicator for a bearish momentum.
Based on the previous analysis I had done, I anticipate that the price will complete this pattern at 39000.
Entry position at 40100, Sl at 40600 and TP at 39000
US30 More Sells I thinkI think it makes more sense logically for US30 to continue to drop and I do believe it has the means and liquidity to do so.
That being said, I wouldn't attempt to try to trade anything on it as of current because it (like gold) is confusing and chaotic.
I will probably be sitting this one out.
Have a good rest of your day folks!
