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.
Us30long
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.
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US30 longHello traders, I believe that there is potential upside for the pair and here is why:
Monthly, Weekly and Daily
Price broke all time highs last week, and therefore, for now it seems that there is infinite potential to the upside for the pair.
4 hour
Price has formed a bullish pattern (higher high). Using the fib tool, the -27.2 target has not been achieved yet which is at 40,500.
If I am to enter the pair, then I expect a retest of 40,050 so that the pair collects orders before we move to the upside
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%
DOW JONES - Long active !!Hello traders!
‼️ This is my perspective on US30.
Technical analysis: Here we are still in a bullish market structure from 4H timeframe perspective, so I look for a long position. I expect bullish price action as price rejected from bullish order block.
Like, comment and subscribe to be in touch with my content!
US30 Technical Analysis and Trade Idea - Where To Next👉 Taking a close look at the US30 Dow Jones on the daily timeframe, we can see it’s in a bullish trend. It has reached a key resistance level, and while I’m interested in going long, I won't do so at the current level. Just below the current trading level, there’s a bullish imbalance on the 4-hour timeframe. I prefer waiting for a retracement to the 50-61.8% Fibonacci level for an ideal entry. In the video, we discuss the trend, market structure, price action, and other important aspects of technical analysis. Please note, the video is for educational purposes only and not financial advice. 📊✅
US30 LongWe are in a clear uptrend. The weekly chart clearly shows that we had no clear direction for two weeks and now we have a strong bullish weekly candle. What's very important is that we closed above the resistance that has been tested multiple times in the past. So for me, it's a clear signal that we will continue to rise.
US30 longDaily;
38,750 is a region that has been broke and has not been tested
There are long wicks being formed to the downside which tells me that price is showing bullish momentum.
Moreover, Friday's candlestick closed below 38,550 which indicates to me that price is headed downwards but needs to collect orders first of all.
4 hour;
Price has formed a head and shoulders formation by retesting 38,500
Next target is 38,645.
Waiting for a good buy setup
US30 longWeekly;
Price has closed above 38,500 level which is massive zone of liquidity
Price has formed a head and shoulder.
This indicates that price is headed upwards to 39,100 which is the next daily level
Daily;
Price has closed above 38,500 or 38,550 which is a massive buy area.
It has retested that same zone twice with two candlesticks. If you zoom in on the wicks you can see that yesterday's candlestick formed a higher high in comparison to Monday's candlestick. This indicates that price is going higher.
4 hour;
Today price has continued its upward momentum, however, price is slowing down. Moreover, if I intuitively think about it, price is trying to go higher since there would be no reason for today's momentum to continue going higher, if there are no orders or momentum.
The slowing momentum tells me that price does not have enough orders to go to 39,100.
So if we zoom in and look for areas of possible entries, there are some.
First of all the daily body closure at 38,550 is a massive area of buying liquidity. It is also in sync with yesterday's 4 hour region that retraced to go and collect orders at 38,450. The highest probability entry would be if price tested 38,550 and formed a buy formation 38,625.
Another possible scenario is if price manages to close above 38,815 and retests it to confirm my bias, which will see me buy to 39,050.
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US30 longMonthly;
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]There is no clear thesis. Price could go up or down.
Price has not retested the previous all time high. However, that is because it came across a high liquidity area on the weekly.
Weekly;
There are two thing worth noting on the weekly.
One is that price has formed a three pin pattern which might indicate that price is headed downwards
Second, is that the previous week's candle closed above a buy liquidity region at 38,500 and price may be headed upwards.
Currently price looks as if it will close above the 38,500 level and continue upwards.
To get a clear thesis of what is going on, I will have to go to lower timeframes.
Daily;
Monday's candlestick is pretty indecisive.
Two things are happening here.
One, price did not close above 38,630 level which would indicate that price is headed upwards.
Secondly, price has not given a convincing closure below 38,560 which would indicate that price is headed downwards.
Hence, there is no clear thesis on the daily and hence lower timeframe will give a better overall depiction as to where price is headed towards
4 hour;
New York session saw a lot of sell orders from 38,800 to 38,250.
From 38,250, we saw that price gained a rush of bullish momentum and it managed to close well above 38,450.
At the time of posting this, price is showing that it is headed upwards, however, orders are not enough to take it there.
I am waiting for a retest of 38,450 before we go upwards to 38,665
The target is 38,665. This is the target of the -27.2 fib level which is usually a high probability setup.
Moreover, if price closes above 38,800 which is Monday's high, then it is headed to 39,023.5
US30 longMonthly;
We had a monthly candlestick closure that is very indecisive and we cannot tell if price is headed upwards or downwards
Weekly;
The previous week's candlestick closed above 38,500 which is a major liquidity region
The next major region is 39,100 (which is also the daily region)
There is also a head and shoulders formation which indicates that price is headed upwards
Daily;
From a daily perspective, I expect price to continue going upwards.
However, there is a chance of seeing a retest of 38620, which is a major region of support.
Price may test 38620 before going upwards so as to collect orders.
Since there is no sign of retracement, I just have to sit on my hands and wait.
4 hour;
38,715 is such a massive region where orders are collected.
For now I am sitting on my hands as I wait for price to fully show me what is happening.
US30 Trading Plan - 02/Jun/2024Hello Traders,
Hope you all are doing good!!
I expect US30 to go Up after finishing the correction.
Currently US30 has given a nice impulse showing us that buyers are interested to enter the market for pushing US30 upside.
Plan to Trade:
If market starts to correct from current levels without going further to 39k level, then any correction towards highlighted zone will be a potential BUY.
The first target level to look for reaction will be 39k & if it corrects here then the next target will be around 39.5k level.
If market keeps on pushing towards 39k level before start to correct, then any correction to highlighted zone will be a potential BUY.
In this case the target will be 39.5k level.
Look for your BUY entry setups as per the above expectations.
Your follow and like will be a token of appreciation.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
US30 (Sensitive Consolidation Movement )Dow Jones New Forecast
You should see a few more months of inflation data that appear to be falling (before any prices are lowered)
The price corrected to their support line as we mentioned in the previous chart,
so now still has a consolidation between 39790 and 40005 till breaking, from this support line will try to start a bullish trend toward 40005, and above it will get 40130 and more
otherwise closing 4h candle under 39785 means will drop to get 39580
Pivot line: 39790
Resistance Prices: 40005, 40130, 40420
Support Prices: 39570, 39360, 39070
The movement range will be between support 39790 and Resistance 40130
Previous idea: