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Us30idea

US30/USD Shorts from 36600.0 back down.Last week's price action exhibited significant ranging, mainly influenced by the proximity to all-time highs (ATHs). My current perspective is that US30 is actively generating liquidity, setting the stage for a bearish reaction once the daily supply is mitigated. This particular supply level holds substantial importance as it is the last on the chart, existing on a higher time frame and having broken structure to the downside. I anticipate a scenario where the price sweeps the top of the consolidation, touches my Point of Interest (POI), and subsequently descends towards the lower bounds of the consolidation and potentially even lower. Given the post-Non-Farm Payrolls (NFP) situation, I foresee a breakout from this range, initiating a trend and providing opportunities for traders like us to capitalize on. My strategy involves patiently waiting for a Wyckoff distribution to take shape in this zone, allowing us to secure a precise entry point for our bearish positions. Confluences for US30 Sells are as follows: - Price is near daily supply which has caused a BOS to the downside on the higher timeframe. - There lots of liquidity lying below in the form of EQLs, Asia Lows, and trendline liquidity. - The bottom part of the consolidation also holds lots of liquidity so we can target as T.P levels - Wyckoff distribution is pending and still hasn't been formed yet on lower time frame. - NFP event has also passed so now we could possibly see the real moves play out. - Price has been very bullish recently and now bullish pressure is getting exhausted. - This consolidation is a great sign that price might be looking to reverse soon. P.S. I acknowledge the possibility of the price breaking the bottom first and interacting with a demand zone, triggering a bullish rally that could eventually exhaust the supply. It highlights the importance of adaptability. I'm closely monitoring multiple potential scenarios and adjusting my approach based on the direction the price may take. This approach enables us to identify more frequent opportunities in the market.
OANDA:US30USDShort
by Hassan_fx
US30/USD Longs from 36000.0 up to 36750.0US30 has followed the anticipated trajectory, and I foresee it reaching all-time highs (ATHs) very soon. However, given the recent impulsive upward movement in price, a pullback is likely imminent. This presents an opportunity for us to capitalize on, considering the presence of an 8-hour demand zone where the price could retreat to, regaining bullish momentum for another rally. Conversely, there's also a possibility of the price surging directly into our daily supply zone, prompting a bearish reaction. While I anticipate the eventual failure of the daily supply, I can foresee price declining from that zone, providing potential selling opportunities. Confluences for US30 Buys are as follows: - Price has been impulsively bullish to the upside carrying lots of momentum. - Overall trend on the higher time frame and lower time frame both show a bullish trend. - Price left an 8hr demand zone for us to take buys from up to the ATH's - Due to recent impulsive upward movements, a pullback in price is imminent. - For the price to gather sufficient strength to reach all-time highs (ATHs), it must retrace back to a nearby demand zone. P.S. As the price approaches all-time highs (ATHs), it wouldn't be surprising to witness a consolidation. In such a scenario, I anticipate a significant reaction from the daily supply, given its HTF significance. Conversely, should the price quickly exceed the latest supply zone, choosing buy positions would be a more feasible approach. HAVE A GREAT TRADING WEEK AHEAD!
OANDA:US30USDLong
by Hassan_fx
1
US30 Longs from 35100.0 up towards 35600.0My bias for US30 is bullish, hence why we are looking forward to the nearest buy opportunity which will be the 14hr demand below. This zone has caused a BOS to the upside meaning once a correction back down is complete, it will hopefully mitigate our POI where we will be able to enter buy positions. But we must wait for our lower time frame confirmations like Wyckoff. There's a long wick that hasn't got filled in which I see as liquidity hence why I haven't got any near by supply zones however, we can catch buys up to that (7hr supply) so we can eventually sell back down. Nevertheless, price could go lower as price has been very impulsive and it has left quite a few imbalances below. So we could see a mitigation of a cheaper zone like the 10hr. Confluences for US30 Buys are as follows - Overall Market trend (short term and long term) is both bullish, matching my bias. - For price to keep going higher it must create a pull back in order to create a new leg. - Price has CHOCH and caused several BOS to the upside confirming the trend. - Liquidity has been swept already so there's enough momentum for price to push upwards. - Price left a 14hr demand at a psychological level of 1990 that caused an impulsive move up. - Pending Wyckoff accumulation to play out as price is not near my POI as of now. P.S. I don't personally see a current near by supply to take sells from so I would rather wait for price to "show me its hands" and take it from there. In addition to this, Price is between a lot of liquidity right now and we might just see a consolidation but, we have to always remain adaptive hence why we have spoken about both scenarios that could play out.
OANDA:US30USDLong
by Hassan_fx
1
US30 presents temporary sideways fluctuationHello everyone,The index price recently surrendered to the control of the sideways tilt, despite its repeated positioning within the axes of the ascending channel, to be affected by the strength of the additional barrier positioned at 35120. We note that it recently presented a weak sideways fluctuation by settling at 35000. We would like to remind you of the importance of the stability of the support for the ascending channel extending towards 34910, so that this increases the chances of the price exceeding the previously mentioned barrier, and by achieving the required breakthrough, trading will extend directly towards 35255 and 35490. As for the price falling below the support and presenting it to a negative close, this will force it to activate the downward corrective path, so we expect it to incur many losses that may begin. Resistance prices: 35254 & 35442 & 35699 Support prices: 34728 & 34469 & 34084 The general trend expected for today: bullish with stable support
EIGHTCAP:US30Long
by Evar_Mayi
2
US30 short term Shorts towards 33000.0As I am still bullish on US30 this idea is a temporary move that I see playing out due to the past couple days being very bullish. As im expecting a pull back/retracement of some sort, I will be looking to take the sells at the 22hr supply zone. I will wait and see for price to show me its hands then go from there. As price hasnt slowed down yet im still waiting for price to distribute soon so we can take sells back down towards 33000.0 Scenario (A) - Is just for price to enter an area of supply which is at the 22hr supply zone. Then we will need our lower time frame confirmation to tell us that price is ready to drop like a choch and a wyckoff distribution. There is a 3hr supply below however, I feel like it will get violated hence why I will be waiting for the 22hr as that zone has also swept liquidity above. Scenario (B) - Is for Price to sweep this major high and retrace back down towards our designated target around 33000.0. This is were im expecting price to slow down and accumilate orders for us to start entering our buy positions. Then from there we will ride with the trend up to maybe new higher highs. Confluences for US30 shorts are as follows: - Dollar has shifted trend to the downside so im expecting this market to be bullish. - Price has had a lot of impulsive moves to the upside that it needs to come back and retrace back to. - Price is approaching level of strong supply that will potentially cause price to come back down to a cheaper price so we can enter our buys. - There are lots of imbalances below as well on HTF and if price wants to continue going back up it needs to retrace and pick up liquidity to beign a new rally. P.S. I am expecting US30 to make new ATH's so if we get into buys we could possibly hold all the way to premium price levels. This is also backed by DXY as if thats now going down I will be expecting this market to rally up even more. In addition to this, sentiment analysis also expects US30 and NASDAQ to be very bullish which adds to our confluence for FUTURE buys!
OANDA:US30USDShort
by Hassan_fx
US30 Dow Jones Technical Analysis and Trade IdeaWe are presently analysing the US30, which has recently reached a critical resistance level. In the video, we conduct a comprehensive analysis of the Dow Jones, delving into various aspects including the prevailing trend, support and resistance levels, market structure, and price action dynamics. As the video nears its conclusion, we carefully assess a prospective trading opportunity. It is important to emphasise that our video provides a thorough explanation of all aspects discussed, and it should be noted that the content is provided for educational purposes only. This should not be interpreted as financial advice.
OANDA:US30USD
by fxtraderanthony
US30 4H (try to rise up)US30 Analyze currently, consolidation above 34583 will support them to rise up again and will continue the positive attacks to the suggested targets 34817 and possibly 35051 as for renewing bearish attempts, consolidation under 34583 will open the way to lose more and more points to reach 34428 and 34165 the expected trading range for today is between the support line 33444 and resistance line 35674 Support line: 34428, 34165, 33951 Resistance line: 34817, 35051, 35377 timeframe: 4H
EIGHTCAP:US30Long
by ElenaMayi
US30 Dow Jones Technical Analysis and Trade IdeaIt's evident that the US30 index has been confined within a tight trading range from the latter part of the Asian session leading up to the London Open. In the preceding week, we observed a notable price surge toward a critical resistance level, but that advance was met with resistance, and now the index appears to be consolidating sideways. I'm actively scouting for a prospective trading opportunity for the upcoming week, and examining the chart to pinpoint the likelihood of an early-week stop run. If such an occurrence materialises, it could serve as an advantageous intraday trading opportunity. Please be aware that all comprehensive explanations are provided in the accompanying video, and it is crucial to note that this analysis should not be construed as financial advice.
CAPITALCOM:US30
by fxtraderanthony