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Us30idea

US30 USD meltdown (Shorts from 38400.0)My bias for US30 has turned bearish due to the recent Wyckoff distribution that unfolded on the higher time frame, validated by a change of character and a break of structure. This confirmation prompts me to seek selling opportunities to support the downward trend. I will be targeting sells around the 20-hour supply zone, which recently triggered a Break of Structure (BOS) to the downside. Once we experience a pullback, I will seek a redistribution pattern on lower time frames to initiate sells in line with the prevailing trend. Confluences for US30 sells are as follows: - Price played a Wyckoff distribution on the higher time frame and had a CHOCH. - Continuous breaks of structure have occurred to the downside with strong momentum - Few clean supply zones have been left including the recent 20hr supply. - ATH's has been taken, and enough liq has been grabbed to start pushing price down. - still lots of liquidity and imbalances below that needs to be mitigated. P.S. Alternatively, I will wait for the daily demand. If price continues to decline, I can capitalize on a retracement back up to the supply zone, making buys a potential option this week. Wishing you all a successful trading week!
OANDA:US30USDShort
by Hassan_fx
YM (US30, Dow Jones Industrial Aveage) Puts in a Double TopYM (US30) 4 Hour, Fibs: Traded the first bear fib after the double top and saw it trade past its objective yesterday. The Dow has been one of the weaker indices of late, after outperforming most of the year. It didn't even make it up to the 50% line, selling off at the 38.2% line in the initial down move. Then, yesterday, on the rebound, it traded it's halfway back short. ####TRADE ALERT#### YM (DOW 30) Call: Short Entry Type: Market 39320 SL: 39500 TP1 / TP2: 38636 ################### Normal Size Position - Much Better Entry at A Series Fib with a Much Larger Reward:Risk 900 points of reward:200Points of Risk
CBOT_MINI:YM1!
by CeresTrader
US30 Dow Jones Technical Analysis and Trade IdeaIn this video, we delve into a prospective trading opportunity within the US30 Dow Jones index. Our analysis entails evaluating the prevailing trend, scrutinizing price movements, assessing market dynamics, and identifying a potential entry point under favorable conditions, as elaborated in the video. Incorporating robust risk management principles into your trading strategy is crucial. It's imperative to emphasize that this content is presented solely for educational purposes and should not be construed as financial advice.
OANDA:US30USDLong
by fxtraderanthony
6
US30 Technical Analysis: Counter-Trend Short OpportunityThe US30's bullish momentum has encountered a key resistance level. This presents a potential counter-trend shorting opportunity. Here's the trade idea: Entry: Sell short at the current resistance level. Stop-Loss: Place a stop-loss order above the recent high. Target: Aim for the previous support/imbalance zone established at a prior low. Rationale: The US30's extended rally into resistance increases the likelihood of a pullback. This setup offers a favorable risk-reward ratio for a short-term counter-trend trade. Important Note: Market conditions can change rapidly. Manage risk diligently and adapt your strategy as needed.
OANDA:US30USDShort
by fxtraderanthony
2
Looking for US30 to rise back upWaiting for a internal liquidity sweep of today's low for a possible buying opportunity up to march 21st high. There is liquidity on lower time frames more visible (30min,15min & 5min). I'm personally using 1Hr and 5 min combination for this entry. When there is confirmation on the 5 min chart I'll enter around 39345- 39336 area located in the discount. That huge dump was distribution, we've consolidated in a range monday through tuesday, then made a lower low and got a market structure shift to the upside showing reversal signs. Good luck!
BLACKBULL:US30Long
by Charliepips11
US30 remains bullish ( 39200.0 or 38800.0 longs?)This week, I'm bullish on US30. I'm waiting for a pullback followed by a re-accumulation within the demand zone. Once I receive confirmation on the lower time frame, specifically in the 21-hour or 18-hour demand zone, I'll consider taking long positions along the trend. With the recent breach of all-time highs and significant bearish momentum, there's a possibility of price dipping further to capture liquidity and address imbalances before initiating a new upward rally. Confluences for US30 Buys are as follows: - Price broke structure to the upside once again. - Lower and higher time frame remains extremely bullish. - Two clean demand zones that have caused BOS to the upside. - Imbalances left above that need to get filled before price comes in to zone - After this imminent retracement we can expect a new rally. P.S. If the price declines and breaches my Points of Interest (POIs), I won't be surprised. Since price has absorbed all liquidity to the upside, a decrease in bullish pressure is possible. With major news behind us, the trading week ahead appears promising! Have a great trading week guys and lets catch those pips!
OANDA:US30USDLong
by Hassan_fx
US30 START OF A BEARISH MELTDOWN?Short positions on US30 appear compelling this week. We've observed significant bearish momentum lately, leading to a shift in character towards the downside, hinting at a potential trend reversal. Despite not having breached major structural levels yet, two robust supply zones remain, from which we can expect a bearish response. The slowdown in price movement suggests distribution on higher time frames and hints at an impending reversal. Moreover, there's considerable liquidity to the downside, attracting price action, potentially resulting in a sweep of those equal lows. Confluences for US30 Sells are as follows: - Price has changed character on the 4-hourly time frame to the downside. - Lots if liquidity to the downside in the form of equal lows. - Two good supply zones in which we can expect a major bearish reaction to take place. - Price has been heavily bullish and its due for a retracement. - On the higher time frame price has slowed down momentum, good sign for a reversal. P.S. However, on the higher time frames, the price remains notably bullish, with equal highs recently established at the latest swing high. These highs represent significant liquidity points, and it wouldn't be surprising if the price retraces to take them out. FOMC news this Wednesday, trade safe and have a great week!
OANDA:US30USDShort
by Hassan_fx