Dow Jones Residual RangesProbably this week, according to the previous weekly pinbar, we will have a temporary rise to the limits drawn in the chart, so that the previous price gaps are filled and we return to the downward path.
Us30analysis
Us30usd buy technical analysis.Us30usd buy technical analysis. Broke through the resistance and trend line we should see it continue to go up still holding buys from earlier
US30 SHORTS FUNDAMENTALLY ;
geopolitical tension makes investors to sell off their stocks and go to a safe haven as gold
technically :
bearish trend
the break of the bullish structure on the daily
three leg extension
deep retest to the broken weekly supply and demand zones
4h looking for shrinking candles
lose of momentum
a long wick shooting star candle indicating my short position
1h double top
30m an engulfing candle as my entry
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 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
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 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.
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
