Us30short
US30/USD Shorts down towards 34400.0 (possibly lower)From my US30 analysis we are currently approaching a key level of supply, even though we are very bullish the market requires a pull back in order to mitigate the inefficiencies left below, Hence why I am temporarily bearish this week. I see price reacting from the daily supply and dropping towards 34400.0 or even lower to more discounted zones in order for price to continue in its bullish trend upwards.
As of current price I would be waiting for a distribution to play out on the lower time frame and a clean CHOCH because we will be counter trend trading back down. As of my designated target, there is lots of imbalances as well as liquidity in the form of asian lows.
Confluences for US30 Shorts are as follows:
- Price about to tap into a daily supply zone that has caused a BOS to the downside.
- Current price has swept lots of liquidity (EQHs) and has taken out swing highs just below.
- Price is premium so it's ideal to sell from this daily supply zone that we are approaching.
- Lots of liquidity to the downside as well as imbalances that needs to get taken.
- Price has been moving bullish and requires a pull back if price wants to continue in uptrend.
- Price is slowly distributing before the mitigation of zone but pending a clean CHOCH.
P.S. we are at the top of this internal structure that has caused a huge break of structure to the downside in which price is more probable to react from. As we have entered a premium POI I would be looking at imminent sells soon as possible once my confluences are met.
US30 DJI on 20-11-2023 : BEARISH BIASEDUS30 Index can go Bullish if,
H1/H4 closing happens above 35000, it can move bullish upto 35150 level.
or it can go Bearish if,
H1/H4 closing happens below 34880, it can move bearish upto 34730 level
#️⃣ Trend expectations from 8:00AM to 12:30PM USA Time EST.
#️⃣ Trade with 1-2% risk only.
US30 confirms the positivityHello everyone, Despite the weakness of recent trading in the index price and its fluctuation near 35050, its positioning within the axes of the ascending secondary channel shown in the attached drawing and the stability of the support represented by the level of 34728 confirms the positive continuity for the upcoming trading.
Currently, with the Stochastic indicator presenting positive momentum as it rushes towards the 80 levels, the price will be able to overcome the stable barrier at 35050, opening the door to reaching additional stations, which may start from 35245 and reach about 35442 in the medium-term trading.
Pivot Price: 35050
Resistance prices: 35254 & 35442 & 35699
Support prices: 34728 & 34469 & 34084
The general trend expected for today is bullish
US30 (Achieves goals)hello everyone,Yesterday, the index price formed a strong upward attack by exceeding the additional stable barrier at 34738 , achieving significant gains by attracting towards 34985 . We currently confirm that the price is adhering to the bullish scenario and by trying to form the 34738 level for new support. The bullish bias calls us to wait for recording new gains starting from 35254.
Also, the continued fluctuation of the Stochastic indicator within the overbought level will reduce the chances of the price forming any bearish corrective bounce before reaching the previously suggested additional target.
Pivot Price: 34738
Resistance prices: 34985 & 35254 & 35565
Support prices: 34395 & 34084 & 33688
US30 making some additional gainshello everyone,The index price activated the positive path in Friday's trading by rushing above the 33989 level to record additional positive gains by being attracted towards the main resistance extending towards 34341 and settling below it, as is clear in the attached drawing.
Currently, and in an attempt to present the main indicators of positive momentum, we recommend waiting for the price to break through the previously mentioned resistance to confirm its move to the next positive stage, and then to start targeting new positive stations that may start from 34341, while the risk of falling below the moving average 55, which is currently positioned near 33989 , lies in the price forming strong negative waves that may It causes him to suffer significant losses by gravitating toward 33701 and 33407, respectively.
Pivot Price: 33989
Resistance prices: 34341 & 34526 & 34776
Support prices: 33701 & 33407 & 33049
The general trend expected for today: bullish if the condition is met
US30 IMPORTANT DECISION Hello traders it looks like its make or break time for us30
the price is on a very sensitive zone A Major key level + a falling trendline.
however it looks to me that the buyers are still keeping strength on the market it is very likely and possible we can see a breakout and a further continuation to the upwards just like the nasdaq100
but the possibility of a rejection and down is still there.
id say its 65 percent probability it goes up and 35 percent it goes down.
the global direction is still unclear no confirmation was shown i will update you guys if i see anything.
US30/USD Shorts from 34600.0 down towards 33800.0My bias for US30 currently is for a bit more upside in order to mitigate the 22hr supply zone or the 19hr, both are apart of a key weekly supply level. From this we will expect a sweep of the asian high as well as a consolidation before entering to show that price is slowing down and buys have now become exhausted.
We will then wait for a wyckoff distribution and a CHOCH on the lower time frame before we execute our sell positions. As price has been very impulsively bullish I am expecting a retracement for sure hence my bias.
My confluences for US30 shorts are as follows:
- Price approaching key weekly supply level that caused a CHOCH to the downside.
- There's magnets below our POI that need to be taken in the form a liquidity sweep.
- There a lot of imbalances below as well as deeper demand levels for price to mitigate.
- Price has been moving very bullish with minimal pull backs so price needs to come down.
- For price to continue in bullish trend it needs to react off a stronger level of demand.
- 22hr supply has also swept liquidity, good sign that the zone will hold.
P.S. I am overall bullish however, as we are approaching a key supply I can see a short term sells playing out in order to fill the imbalances below and mitigate a deeper level of demand. This makes sense because us as traders, we ideally want to buy from a discounted price. As of this week we do have CPI coming on Tuesday, I would personally wait after just to see how price reacts from this major news event then make my move.
Trade safe and hope you guys have a good week ahead!
US30 4H : Support to decline US30
New forecast
The index price fell yesterday after testing the stable resistance at 34185 and failing to penetrate it. We notice that it sneaked below the moving average of 50, incurring clear losses by touching the level of 33832 approximately.
Let us favor the downward trend during the coming period, as breaking 33832 will facilitate the task for the price to reach 33600 and 33450.
Therefore the downtrend scenario will be remain valid and effective during coming period , taking into account that stabilized above 34185 will put the pressure on the price to rise up . for reminder our target will be active when price can stable under 33832. also it possible to do a retest to 34000 and then drop.
The expect range trading for today it will be between the resistance line 34185 and support line 34600 until stabilized .
Additionally Today ,New York sessions will affect on the Indices .
support line : 33832 , 33600
resistance line : 34000 , 34185
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
US30 4H repeats pressure on additional resistanceThe proposed scenario for nearby trading depends on the stability of the current resistance. With its stability, we expect the price to renew the downward corrective attack, thus targeting the 33989 and 33701 levels, respectively. While the price’s success in penetrating the resistance and holding above it will enable it to resume the upward attack, initially targeting the 34296 level, reaching towards 34526 .
Pivot Price: 33989
Resistance prices: 34296 & 34526 & 34776
Support prices: 33701 & 33407 & 33049
The expected general trend for today: bearish with resistance remaining intact
US30 4H :Trying to start the correction US30
New forecast
The index price failed to resume the upward attack due to its encounter with additional resistance near 34150. We notice the beginning of its formation of a downward corrective creep, thus settling currently below the level of 34050. We expect the downward corrective attempts to continue making profits for the current period, and we expect it to sneak towards 33832. By breaking this obstacle, trading may extend towards 33600, which may form In turn, additional support against bearish trades.
Therefore the negative correction it will be remain valid as long as price trade under 34150 ,As for the price’s success in penetrating the resistance 34150 and holding above it, this will open the door to resuming the upward attack. We expect the price to target directly the level of 34292, arriving towards the next main target represented by the level of 34432.
The expect range trading for today it will be between the resistance line 34150 and support line 33832 .
Additionally Today ,New York sessions will affect on the Indices .
support line : 33832 , 33600
resistance line : 34050 , 34150
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
DOW may DOWn from nowAs per Neo wave time cycle, Wave 'B' of the FLAT correction formed in DOW 30 index is ended today
since the recovery wave ABC extended nearly 76.8% of previous wave
expect a soft bear market cycle for 8 months from now.
trading is difficult as wave 'C' expands in 5,3,5,3,5 legs ,and expect a spike in VIX too
Do not hold your short positions for more days , as recovery waves will stretch more than 62%
US30 4H : Under 32891 will drop US30
New forecast
The price perfectly fulfills my last idea and price reached to our negative target +250 pip.
The price of index rose up and reached to near the resistance zone and the rebounded from it at 33155 ,so as long as price trade under that zone the price will be continue at the bearish trend, To invite us to wait for the price to accumulate negative momentum to breach and stabilized under 32981 to reach our targets began 32700 and extend to 32615
Therefore the downtrend scenario will be remain valid supported by moving average 50 that is continue to push the price to decline for reminder our target will be activate when price can stable under 32891 , taking into account that breach and stabilized above 33155 will postponed the bearish trend and will push the price to build the positive momentum .
The expect range trading for today it will be between the resistance line 33251 and support line 32700.
Additionally Today ,New York sessions will affect on the Indices .
support line : 32891 , 32700
resistance line : 33155 , 33251
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
US30/USD Shorts to 32600.0 US30 has recently broken structure to the downside on the higher time frame indicating it wants to continue in its bearish trend however, I believe it will not hold for too long as the over all market is bullish. In terms of current price action I'm expecting for price to continue going down a bit towards the 32600.0 mark.
Scenario (A) is Selling from the current price as it has tapped in a 22hr supply zone that has caused a BOS to the downside. Now price has retraced back into it, wyckoff distribution has played out for us to take sells from the supply we are in. Once we get to the target we can wait for price to show us its hands to decide if we can buy back up to another supply or not.
Scenario (B) would be waiting for price to push higher and take out our current supply zone and eventually tap into the 4hr above where better premium prices are. Not only did it cause a change of character but it also has imbalances below it which is a good sign of that zone being respected. Then we will wait for our lower time frame confirmation in the form of a re distribution and an another CHOCH to sell down towards our designated target of 32600.0
My confluences for US30 shorts are as follows:
- The market has broken structure to the downside on the higher timeframe.
- Price has tapped into a good supply zone (22hr) that has also caused a BOS.
- Wyckoff distribution has taken place and has changed character leaving a good price to sell from.
- There's loads of liquidity to the downside we can target in the form of equal lows, trendline and imbalances.
- The dollar is currently bullish and has been very strong recently so I am expecting this pair to drop more to the downside.
P.S. this is just a short term idea for US30's current market conditions however we have to be cautious when trading this week as there is FOMC on Wednesday and NFP on Friday so trade safe and have a wonderful week ahead!
US30 4H tests additional barrierYesterday, the index price activated the upward corrective path, compensating for some losses by testing the additional stable barrier near 33090 and settling below it, as is clear in the attached figure.
Therefore, we will continue to wait for the price to succeed in gaining additional negative momentum to facilitate the task of activating the negative attack again. We expect it to soon attack the 32328 level and then attempt to reach the 50% Fibonacci retracement level centered at 31851.
The expected general trend for today: bearish with the stability of the barrier
Pivot Price: 33040
Resistance Price: 334131 & 34005 & 34534
support price: 32328 & 318951 & 31348
US30 4H :Still under sell pressure US30
New forecast
The price perfectly fulfills my last idea and reached to our target .
The index price confirmed its break of the 32615 level, forming a strong negative attack. We noticed that it suffered huge losses when it touched the 32310 level on Friday, thus achieving the previously suggested negative targets.
Therefore the downward scenario will be remain valid and affective supported by moving average 50 and resistance zone that forms near 32700 ,The price may currently be forced to form some sideways fluctuation, but the general stability below the currently stable barrier near 32700 calls us to adhere to the negative weighting so that we expect it to target a level at 32310 with breach it it will reach to 32057.taking into account that stabilized above 32700 will postponed the bearish waves and support the price to build a positive momentum .
The expect range trading for today it will be between the resistance line 32700and support line 32615.
Additionally Today ,New York sessions and earnings of companies will affect on the Indices .
support line :32311 , 32057
resistance line : 32615 , 32700
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
US30 4H : under 32891 will be more bearish US30
New forecast
The price perfectly fulfills my last idea
and price reached to our first target +200 pip .
Yesterday, the index price returned to form new negative waves. We notice that it is currently fluctuating near the stable support at 32891, trying to find an opportunity to achieve a breakout and stabilized under it , opening the door to resuming the main bearish attack suggested previously.
Currently, the price may be forced to continue offering weak sideways trades so that we can wait for it to accumulate additional negative momentum to facilitate the task of achieving the breakout, and then begin targeting the stable negative stations at 32700, reaching towards 32615. also it is possible to do a retest and then will drop so we have to wait until breach the 32891 and then sell it .
The expect range trading for today it will be between the resistance line 33155 and support line 32700 .
Additionally Today ,New York sessions and earnings of companies will affect on the Indices .
support line :32891 , 32700
resistance line : 33155 ,33251
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
US30 SELLHi, According to Dow Jones analysis, there is a very good selling opportunity. The indicator appears to be in a very negative state with the pitchfork tool broken. The support at 34200 was broken. We also notice the break of the 200 moving average. All these factors confirm that the market is for sale only. Good luck everyone
US30 4H : Sensitive zone US30
New forecast
In yesterday's trading, the index price maintained its position above the additional stable support at 32891, trying to compensate for some losses by rushing towards 33251. We would like to note that this rebound will not affect the main downward path due to the general stability below the stable barrier at 33250, which contributes to confirming the dominance of the bearish tendency for the upcoming trading. .
Therefore, we recommend waiting for the price to break the stable support at 33155, to open the door to resuming the negative attack, which may initially target 32891 and 32700, respectively .taking into account that stability above 33250 will postponed the bearish attempts and will help the price to reach 33450 , so wait until confirmed one of them resistance line 33250 or support line 33155 .
The expect range trading for today it will be between the resistance line 33250 and support line 32891 .
Additionally Today ,New York sessions and earnings of companies will affect on the Indices .
support line : 33155 ,32891
resistance line : 33251 , 33450
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
US30 4H :Earnings will affect on the market US30
New forecast
With its last negative attack, the index price touched about 32891, which constituted an obstacle to the negative attempts and forced it to form a temporary corrective rebound to currently settle above 32891.
We point out that the continued presentation of the main indicators of negative momentum will confirm the attempt to activate the price for a negative attack again, thus maintaining its stability below the stable barrier at 33251. Let us wait for it to achieve breaking the 32891 level, to open the door to reaching the additional negative stations represented by the 32700 and 32615 levels, respectively. Other wise stability above 33250 will postponed the bearish attempts.
The expect range trading for today it will be between the resistance line 33250 and support line 32700 .
Additionally Today ,New York sessions and earnings of companies will affect on the Indices .
support line : 32891 , 32700
resistance line : 33155 , 33251
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
US30 4H :Still under sell pressure US30
New forecast
The price perfectly fulfills my last idea and price reached to our target +155 pip and still running .
The index price repeatedly presented negative closings below the 33155 level, forming an additional barrier against the bearish attempts. We noticed that it incurred additional losses when it touched the 32981 level.
Therefore the downward scenario will be remain vailed and effective during coming sessions supported by moving average 50 , This calls us to suggest that the price will soon attack the stable obstacle at 32891, and we should point out that achieving a break of this level and holding steady below it will force it to target new negative stations that may start from 32700 and reach towards 32615.
The expect range trading for today it will be between the resistance line 33155 and support line 32700 .
Additionally ,Today New York sessions will affect on the Indices .
support line : 32891 , 32700
resistance line : 33155 , 33251
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️