Us30idea
My analysis of the day on H1 chart for US 30The market seems to be respecting the trendline, that will only be confirmed once the counter trendline is broken and the price push to the upside at this point is to see as to where the price will push to.
US30 l DAILY l OUTLOOKDAILY TAKEAWAYS:
Last weeks TA played out perfectly.
1. Broke two BOS @ 31550 & 32650
2. Broke out of descending channel
3. Broke though major key level zone 32100 - 32450.
Looking at what we see now. (4 HR)
1. US30 rejected off bottom of major zone 33350 - 33650.
2. US30 broke through 200 MA which could potentially change trend if a bounce retest is made.
3. If we continue to push bullish there is a major BOS @ 34050 that has acted as a rejection / resistance zone.
4. Viewing top MACD indicator it is the first time in months we have been above the 200 level.
Previous TradingView TA linked
US30 SHORTS INCOMING??? i got sell limits placed at the 78.6
us30 broke out its channel but it is still bearish overall on the higher time frame i believe last week was the pull back for this week downtrend to continue.
-30 min time frame is over bought
-1hr time frame is over bought
-2hr time frame is over bought
4hr time frame is over bought
US30Hello Traders and subscribers.... #US30 has seen a decent drop recently due to inflation and interest rate hike by the feds. But last week it broke out of a major falling trendline that has served as resistance.. Hence, it has been creating higher highs and higher lows.. Right now it has gotten to a supply zone where I expect a little pull back before it continues growing.
DeGRAM | US30 longLast week, we predicted that US30 was going to move to higher levels.
Price broke and closed above the resistance zone, which now became a support.
Price action has created a nice swing zone from which the price may soon bounce off upwards.
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US 30 on an H4 chart The price can still retest level 32760.1 as it was a resistance before it can push to the upside or it may pull back as the higher timeframe indicator that the price is at the confluence zone.
US 30 on a Daily Chart The daily chart is showing us that we are currently on a channel and is on a down trend.
US30 Sell Ideaif we look at H1 timeframe, we will see nice double top. After 2 hours when New York session starts, we may see nice bearish candlestick.
US30 - PRE NY SESSION ANALYSIS - 05252022US30 - PRE NY SESSION ANALYSIS - 05252022
Price appears to be breaking down as I post this video.
After yesterday's push up, price hung out in the 31900 - 32050 range during Asian/Early London session.
I got in to the positions I have now at approximately 32040 and my ultimate target is 31000.
Trailing stops at 100 points after price.
Let's see what happens, I'll be back with you after NY session!
Happy trading!
US30 l DAILY l OUTLOOKLooking back at May 16th & May 22nd (LINKED IN DESCRIPTION) TA that was sent on US30 the following was stated and played out for both.
MAY 16th TA
“We saw on Friday a nice bullish flag pattern play out. We broke our downtrend trend-line and retested the our bull flag twice clarifying added support to that area.
What we see / need to see now.
1. US30 is still not out of our bearish zone. US30 is still under 200 EMA on our 4 hr chart.
2. US30 retest our downtrend trendline and formed a nice price action support pattern (circled).
3. US30 has entered back into major zone 32050 - 32450.
4. Need to see a higher low formed or a BOS of 32450 which has been a major rejection zone.”
MAY 22nd TA
DAILY OUTLOOK / TAKEAWAYS:
1. US30 is still overall bearish . Retesting major levels 31250 & 30750 for the first time MARCH 2021.
2. Last time these levels were touched we reached ALL TIME HIGHS.
3. US30 is still breaking in and out of descending channel .
4. US30 bounced off of major zone 30750 and is now retesting major zone 31250.
5. NEED TO SEE A FULLY ENGULFING CANDLE TAKE OVER AND ENTER BACK INTO DESCENDING CHANNEL .
6. ENGULFING candle needs to clear BOS and retest BOS to see continued upwards bullish movement.
MAY 25th TA
DAILY TAKEAWAYS:
1. US30 saw multiple retests of BOS / support and resistance level 31550.
2. Fake of candle breaking through BOS (circled) rejection wick.
3. We have broken out of descending channel once again.
4. Need to see a minor retest of descending channel then a break into major zone 32100 - 32450.
5. Next major BOS is positioned at 32650.
US30 - POST NY SESSION ANALYSIS - 05242022US30 - POST NY SESSION ANALYSIS - 05242022
An erratic day today. Price slightly pushed up after my last post.
Stopped me out at approximately 31767.
I then got back in to another sell order around 31725 around NY open.
Shortly thereafter price dropped about 300 points, I was trailing my stops so I locked in 200 points at approximately 31500 before price came back up and stopped me out.
Since then in late NY session price has now pushed up to around the 31950 level.
I have entered a sell position around this level, 31950 - 31990
My stop is above this recent structure that has formed, 100 points out at 32050.
If price pushes up to my SL level then that will indicate that price is pushing up past these structure highs to form new highs and higher lows.
If the bears come back into play here I anticipate price will drop down to atleast the 31400 level tested earlier today if not further down to 31000.
I will be trailing my stops as always and see where this goes.
I'll see you all pre NY session tomorrow!
Have a great night!
US30 - PRE NY SESSION ANALYSIS - 05242022US30 - PRE NY SESSION ANALYSIS - 05242022
After a nice push up yesterday, price is hanging out around the 31600 - 31700 level.
It looks like price may be forming a higher lower, turning previous resistance into support.
However, the overall bias is still definitely bearish and I've entered a sell position around 31660 as the previous H1 candle appeared to be exhausted while attempting to form this new higher low.
If I'm stopped out at 31760 then I will be looking to see if price pushes up to the previous level of structure around 31900 in confluence with the 61.8 fib level and supply zone in this same area.
If this occurs then I will be looking to get in once I see signs of exhaustion/reversal with a 100 point stop around 32000.
Hopefully it moves in my direction and I'll begin trailing my stop at around +125 points if it gets to that point.
I'll do my best to post again post market today however I'm still dealing with my Abuela in the hospital so I may have to push until pre-market tomorrow.
Have a great trading day!
Let's get this bag :)
US30 - PRE NY SESSION ANALYSIS - 05232022US30 - PRE NY SESSION ANALYSIS - 05232022
Price has pushed back up to the zone/previous level of structure in the 31400 - 31600 area.
It appears that it is retesting this previous structure before it continues with the overall bearish sentiment evident on the higher TFs.
I am looking for price to fully pull back into this zone, my sweet spot I am targeting is 31500 - 31650 with a 100 point stop which will put my SL outside recent structure highs.
However, I will only enter in this area if I see signs of exhaustion/reversal forming on the M5, M15, M30, and/or H1 TFs.
Let's see what happens but this can potentially be an easy 1:3 minimum RRR trade.
Have a great trading day and see you after NY session today!
US30 Weekly Outlook - Where are we headed?! - 05232022US30 Weekly Outlook - Where are we headed?! - 05232022
Last week was absolutely crazy for US30!
There was a HUGE drop on Thursday 05192022 with a lot of volatility throughout the week.
The sentiment on US30 is still definitely Bearish in my opinion.
On the monthly we are seeing a huge bearish candle with 9 days left. We're also pushing down to the 38.2 fib level on the monthly timeframe beginning from the bottom of the Covid drop in March 2020 and the subsequent bull run.
On the weekly we are seeing this reinforced by higher highs and higher lows forming while price is breaking thru previous levels of support.
Most recently this past Friday 05202022 price broke past a Weekly level of support/resistance at 30958.
It then pushed back up late Friday session however it is very likely that this level will get retested again in the near future.
On the daily, H4, and H1 timeframes we are seeing further confirmation of this with actually very clean structure forming lower highs and lower lows on these TFs.
I have adjusted my fib down to this new low of approximately 30650 which was hit on Friday.
I anticipate price will push back up the previous structure highs formed in confluence with a 38.2 fib level and H4 supply/demand zone in this same area.
If this occurs and price exhibits signs of exhaustion/reversal then I will be looking to get into another sell position, targeting recent lows.
100 point stop above structure, 1:2 RRR minimum, begin trailing stop at +150 points leaving a 100 point buffer.
I'll see you tomorrow morning pre NY session.
Enjoy the rest of your Sunday!
DeGRAM | US30 longAs we predicted last week, the price of US30 fell from the 32700 level.
There is some buying pressure present. We can see a false break of the 31250 level.
Price might retest previous resistance zones.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
us30 callout buyclear double bottom formation likely happening , we will be looking for a bit more push upwards before takng buys.
THANK YOU , let me know what you think
YHKFX.
US30 - POST NY SESSION ANALYSIS - 05172022US30 - POST NY SESSION ANALYSIS - 05172022
Price has just been hanging around between 32200 and 32700 today
There was a sell opportunity at approximately 6AM EST however I did not enter as I did not think price was close to a reversal zone which would make it a high probability trade.
Could have bagged 300 points 1:3 RRR potentially but oh well I'm waiting for the next opportunity.
No more major news for the week as far as the US goes.
Daddy J. Powell made some comments which sent the market up a few hundred points but I think this may be short lived as price pushes back up to previous levels of resistance near this 32800 - 33000 levels.
I will keep an eye out to see what happens during Asian and London sessions but overall on the larger TFs definitely bearish momentum is still intact.
Short term buy opportunities may present themselves, if so I will enter at an exhaustion/reversal area with SL outside of structure.
Have a good night!
US30 Chart H1Here is my view for US30 on H1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
US30 - PRE NY SESSION ANALYSIS - 05172022US30 - PRE NY SESSION ANALYSIS - 05172022
Price has been pushing back up so far this week.
Overall from the macro perspective I believe we still are in a bearish market.
However, price is breaking above previous structure highs on the lower TFs.
With this in mind, I have my eye out to see what price does over the next hours/days.
If price continues to push up and forms a floor of support where structure was previously resistance then I may be targeting short term buy opportunities to ride this push up which appears to be a pullback on the higher TFs.
I will have my eye closely on this push up to also see if it begins to run out of gas near levels of supply/resistance and exhibit signs of exhaustion/reversal.
If so, then I will be looking to get back into a sell order to continue with the overall larger bearish trend.
Some significant US sales data news today @ 8:30am and Daddy J. Powell is speaking @ 2pm, other than that smooth sailing the rest of this week with US news.
Happy trading and see you after NY session today!
Key levels - US30/Dow JonesThese are some of the levels that I'll be looking at for next week.
Initially I would like a drop down to 31750/31500 where I will look for lower time frame accumulation and then look for a long up to 32400 area.
Once price reaches 32400 area and clears the liquidity I would like to see some sort of distribution pattern form so I can then look for shorts. We also have a high volume level at 32400 so it will be interesting to see how price reacts there.
We are still bearish on the higher time frames and so I need to make sure I get proper confirmation before I enter a long.
Trade safely and risk only what you can afford.
This is not financial advice and nor am I a financial advisor. Any losses or profits made can not and should not be held liable to me.
US30 : breakout or break down? IntraweekAs I said in previous week’s intraday technical analysis, US30 is going to test the support of 32500 and then reverse the trend, the US30 did tested the support of 32500 on the opening day, it failed to test the support and the downtrend continued with another 100% move towards downside before making any significant pull back. The price took support from 31200 and then reversed the trend. in coming week US30 may test the support of 31200 before making clear trend.the price is expected to take correction from either current level 32100 or from 32400. My idea is still to go short on US30 as soon as the price gets rejection with high volumes.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics
US30 - POST NY SESSION ANALYSIS - 05132022US30 - POST NY SESSION ANALYSIS - 05132022
Price bounced around today, didn't go in the direction of my target.
I got stopped out around 32050.
A couple hours later I re-entered when price started to show exhaustion around the 32050 level which I was previously stopped out at.
This was showing some confluence with the MA 66 as a static resistance on the H1 timeframe, along with exhaustion showing on the lower timeframe; M15, M5.
I set my stop clear out of structure at 32150.
Initially price went in my direction about 100 points.
Then it pushed straight back up to my SL at 32150.
Did not re-enter and price has just bounced around from about 32200 to 31900.
The weekly candle is closing exhausted bearish, this upcoming week might be a pullback, possibly looking for short term buys.
I have entered 1 small re-entry order at 32159 which I'm going to leave thru the weekend with my usual 100 point stop at 32260.
Let's see if I get stopped out right at market open or what happens.
Time to enjoy my weekend; relax, a little backtesting/wsa video watching/reading, and prepare for a new week :)
Have a great weekend!
