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 .
Us30analysis
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 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.
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
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 ( 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!
US30 ( BREAKOUT CHANNEL ) (4H)US30
HELLO TRADERS
Tendency , the price is under bearish pressure , after breakout channel .
TURNING LEVEL : the price of turning level around 40,300 , so if the price breaking this level reach a first resistance level , as long as price trading below this level reach a first support level .
RESISTANCE LEVEL (1) : this level around 40,674, for reach this resistance the price it will be breaking turning level .
RESISTANCE LEVEL (2) : around 41,019 , for reach this level it will be breaking by open 4h candle above resistance level (1)
SUPPORT LEVEL (1) : this level around 39,861 , for reach this support level the price need stabilizing below a turning level .
SUPPORT LEVEL (2) : support level at 39,469, for reach this level the price will be breaking by open 1h or 4h candle below support level (1) .
CORRECTIVE : the price may be corrective turning level at 40,300 , before drooping .
TARGET LEVEL :
RESISTANCE LEVEL :0.63 , 0.67 .
SUPPORT LEVEL : 0.57 ,0.54 .
US500 / S&P 500 Money Heist Plan in Bearish sideMy Dear Robbers / Traders,
This is our master plan to Heist US500 / S&P 500 Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Stop Loss : Recent Swing High using 2h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
US30USD Bearish Pattern FormationI think that the bullish run is over and we have witnessed the formation of a rising flag, which IMO, looks like more of a bearish setup to me. (ID Timeframe).
I do anticipate that the bearish run look inevitable and let us dig deeper into the shorter timeframes to get the best position for an entry.
DOW JONES - Long active !! Hello traders!
‼️ This is my perspective on US30.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long position. I expect bullish price action from here as price filled the imbalance and rejected from bullish order block.
Like, comment and subscribe to be in touch with my content!
US30 ( TRYING TO CREATE A NEW HISTORICAL PEAKS ) ( 1D )US30
HELLO TRADERS
TENDENCY : the price stabilizing above turning level , indicates is under bullish pressure
TURNING LEVEL : between 39,855 and 39,106 level , this range of level strong , if the price stabilizing this range create a new resistance level , breaking 39,106 it will trying to reach a support level
PRICE MOVEMENT : the price in previously can be created a strong range between 39,855 and 39,106 called turning level , in the last weekly price stabilizing 39,106 , after rising to 40,275,
currently price 40,026 , in my think need a corrective before reach a new historical peaks , if the price breaking turning level active bearish zone .
PRICE ACTION : two conditions
LONG CONDITION : have two cases to rising for reach a resistance level , first case the price corrective 39,855 before rising to resistance level at 40,987 , second case price breaking 39,855 by open 4h candle below this level reach 39,106 after rising .
SHORT CONDITION : if the price breaking 39,106 by open 1D candle below this level reach a support level at 38,027 , then stabilizing this level reach a 37,258 .
TARGET LEVEL :
RESISTANCE LEVEL :40,987 , 41,776
SUPPORT LEVEL 38,027 , 37,258
US30 Equities Close Higher as Markets Analyze Producer PricesUS benchmark equity indexes rose Friday as markets evaluated the latest producer prices data, while a survey showed easing consumer inflation expectations.
The Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite gained 0.6% each to finish at 40,000.9, 5,615.4 and 18,398.4, respectively. Among sectors, consumer discretionary, materials and technology led the gainers, while communication services was the sole decliner.
For the week, the Dow jumped 1.6%, while the S&P 500 rose 0.9%. The Nasdaq added 0.2%
US30 ( CPI ) ( 4H )US30
HELLO TRADERS
Tendency the price trade above turning level at 39,480 , indicates is under bullish pressure
TURNING LEVEL : a black line between resistance and support level around 39,480 , indicates if the price stabilizing above this level reach resistance level , if the breaking turning level reach a support level
RESISTANCE LEVEL : there is a black line above turning level around 39,713 , indicates selling have already increase this level , so if the price trade above turning level reach this level
SUPPORT LEVEL : there is a black line below turning level around 39,137 , indicates buying have already increase this level , so if the price breaking turning level reach this level
PRICE MOVEMENT : first the price will trying to dropping a turning level around 39,480, after rising to the resistance level around 39,713 , then stable above this level reach 39,931 , if the price breaking turning level reach a support level by 39,137 , then stable by open 4h candle above this level reach a 39,734
TARGET LEVEL :
RESISTANCE LEVEL : 39,713 , 39,931
SUPPORT LEVEL : 39,137 , 38,734
US30 Outlook ICT Concepts💰 Welcome to Your Channel!
Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on US30 , dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains.
📰 Headlines
CPI News: The actual Consumer Price Index (CPI) numbers came in lower than expected, leading to a weakened U.S. Dollar index. This news has had a significant impact on market sentiment, driving price movements.
🔍 Identifying Key Levels
The chart highlights crucial levels and zones influencing the current market behavior:
• PMH: Previous Month High, a resistance level where liquidity might accumulate.
• PWH: Previous Week High, another resistance level indicative of potential liquidity.
• FVG: Fair Value Gap, marking areas of market imbalance.
• Daily FVG: Daily Fair Value Gap, acting as a significant support zone.
• PWL & PML: Previous Week Low and Previous Month Low, key levels for potential liquidity captures.
• BSL: Buy-side Liquidity, indicating where traders have placed their buy orders.
• SSL: Sell-side Liquidity, indicating where traders have placed their sell orders.
📊 Key Considerations
• PWH and PMH Taken: The market has recently taken out the liquidity resting above the previous week high and previous month high.
• BSL: The current price action is approaching areas where buy-side liquidity is likely to be taken out.
• Daily FVG: This zone is a significant support area where the market might gather liquidity before a potential reversal.
📉 Current Price Action
The market has recently taken out the PWH and PMH, capturing the liquidity above these levels. This suggests a potential for further upward movement, especially with the weakened U.S. Dollar due to lower-than-expected CPI numbers. Additionally, the price action has taken out some low resistance liquidity on its way up, driven by the news.
🔄 Bearish Scenario
Although the current sentiment is bullish, it's essential to consider the bearish scenario under certain conditions:
• Reversal from Key Levels: If the price fails to hold above the PWH and PMH levels, we could see a reversal targeting the FVG and Daily FVG zones.
• Targeting PWL & PML: If the bearish sentiment gains strength, the market could target the previous week low and previous month low to capture additional liquidity before a potential reversal.
📈 Bullish Scenario Considerations
The overall bias appears bullish due to several factors:
• CPI News Impact: The lower-than-expected CPI numbers have weakened the U.S. Dollar, contributing to a bullish sentiment.
• Low Resistance Liquidity Taken: The market has already taken out some low resistance sell-side liquidity, clearing the path for further upward movement.
• Targeting BSL: The market is likely to continue higher, aiming to take out the buy-side liquidity.
📊 Chart Analysis Summary
The market has shown a strong bullish sentiment by taking out the PWH and PMH, driven by the CPI news and weakened U.S. Dollar. The price is likely to target further buy-side liquidity, with potential for higher movement. However, traders should be cautious of potential reversals from key resistance levels and consider the possibility of a bearish scenario if these levels do not hold. Understanding these key levels and the current market behavior helps in making informed trading decisions.
🙏 Thank you for joining us!
Exploring US30 today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning!
⚠️ Disclaimer
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.