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US30 Mid Week Consideration 👀👉 The markets could move in any direction today. Over the past three months, since the Bank of Japan rate hike, we’ve been witnessing aggressive liquidity runs and significant, uneven reversals, particularly on Wednesdays. This midweek phenomenon has caught many traders off guard, making it challenging to adapt. It appears to reflect adjustments in the market algorithms targeting liquidity. For this reason, I’m sitting out of the New York session today. It’s worth emphasizing that staying out of the market can be just as valuable as posting or executing a trade idea. If you have time, I encourage you to review past charts and observe this recurring Wednesday or midweek reversal phenomenon. Stay vigilant and know when to step aside. Reducing the frequency of trades is as important as placing them. Focus on quality setups and recognize when the best move is no move at all. While this isn’t financial advice, it’s a practical observation that could prove useful. Trade smart, and let patience guide you.
THINKMARKETS:US30
by fxtraderanthony
3
US30 Market breadth EMA50 [INVESTIC] Introducing the 50-day Exponential Moving Average (EMA) Market Breadth for the Dow Jones Industrial Average (DJIA). This tool is designed for traders who want to assess the market’s short- to mid-term momentum with precision. By tracking how many of the 30 Dow Jones stocks are trading above their 50-day EMA, the indicator gives a clear view of market strength or weakness over a moderate timeframe. Traders may use the indicator to identify and confirm the market's medium-term trends. It strikes a balance between the sensitivity of shorter-term indicators like the 20-day EMA and the long-term perspective of the 200-day EMA. Displayed as a histogram ranging from 0 to 30, this indicator provides a quick and effective way to see how many Dow Jones stocks are maintaining their trends over this mid-range period. 🔶Usage The 50-day EMA Market Breadth is incredibly versatile, catering to different trading styles. For example: Intraday Trading: While the 50-day EMA is more commonly associated with swing or mid-term trading, intraday traders can still use this indicator to confirm the broader market trend, which is crucial for trading with confidence throughout the day. If the majority of stocks are above their 50-day EMA, it suggests strong underlying momentum. Use this information to support your intraday trades in the direction of the trend. For example, if the histogram shows 20 or more stocks above the 50-day EMA, you might prioritize long positions, knowing that the overall market sentiment is positive. Conversely, if the histogram is low, it may be better to focus on short positions or be more cautious with longs. Swing Trading: For swing traders, the 50-day EMA Market Breadth Histogram is a key tool for timing entries and exits within the market's medium-term trends. You can monitor the histogram regularly to gauge whether the market is supporting your swing trades. If you notice the histogram starting to decline, consider tightening your stop losses or scaling out of positions, as this may signal weakening momentum. Additionally, use the histogram to confirm breakout trades or to stay in trades that are running strong, ensuring that you are aligned with the market’s mid-term direction. Longer-Term Trading: Long-term traders can leverage the Market Breadth to gain insights into the market's medium-term health, helping to fine-tune their long-term strategies. Use the histogram as a barometer for market strength when making decisions about your long-term portfolio. A consistently high histogram suggests a strong mid-term uptrend, which could reinforce your conviction to hold or add to long-term positions. On the other hand, if you see a sustained decline in the histogram, it may be a signal to reassess your portfolio and consider implementing risk management strategies. The indicator can also help you identify potential market lows, when you see the number of stocks on the histogram goes near bottom. No matter your trading style, the 50-day EMA Market Breadth Indicator offers a comprehensive view of market momentum. By integrating this tool into your daily, weekly, or monthly analysis, you can make more informed decisions that align with the prevailing market trends.
CAPITALCOM:US30
by Investic_analytics
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. 📊✅
FOREXCOM:US30Long
by fxtraderanthony
US30 Dow Jones Technical Analysis and Trade IdeaThe US30 Dow Jones index is currently exhibiting a range-bound behavior on the four-hour time frame. Essentially, it has been oscillating within a specific price range. Now, the interesting part is that this range-bound condition opens up potential trading opportunities in either direction. The movement of the US30 is closely tied to the strength of the US dollar (represented by the DXY index). Here’s how it breaks down: If the US dollar gains further strength, we might witness a bearish move in the Dow Jones. Conversely, if the US dollar retraces significantly (especially considering its current overextended bullish state), strength could flow back into the US30. Our primary focus right now is on a breakout from this range. Keep an eye on two critical levels: High of the Range: A decisive break above the upper boundary of the range could signal a bullish move. Low of the Range: Conversely, a breakdown below the lower boundary might trigger a bearish move. Remember, this analysis serves informational purposes only. As a trader, always make independent decisions based on your risk management strategy. Happy trading! 🚀📈 And, of course, keep in mind that this content does not constitute financial advice. 🛡️🌟
FOREXCOM:US30
by fxtraderanthony
US30 Dow Jones Technical Analysis and Trade IdeaThe US30 Dow Jones index has exhibited a robust bullish trend recently. However, we now observe that the index is approaching a significant resistance level on both the weekly and daily charts. Moreover, the market appears to be overextended. When a market becomes overextended, there’s a possibility of a reversal. Traders closely monitor signs of exhaustion or weakness. Given these factors, we are considering a short opportunity. It’s essential to manage risk diligently, as trading always carries inherent risks. Remember that this information is for educational purposes only and should not be construed as financial advice. 📈👍
FOREXCOM:US30
by fxtraderanthony
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 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
US30 STILL VERY BULLISH (buys from 38500.0 back up)US30 continues to appear bullish to me, and I anticipate a temporary retracement to eventually mitigate the daily demand zone I've identified. Within this zone, there's also an Asian low that I expect to be taken out through a spring from a Wyckoff accumulation. Once this occurs, price would have reached the refined 10-hour demand zone, where I plan to enter buy positions, potentially leading to a new bullish rally and the creation of new highs. However, I'll be keeping an eye on NFP Friday to see its impact on the Dow Jones, which promises to be interesting! Confluences for US30 sells are as follows: - Price has formed a daily demand zone that could cause another bullish rally for us30. - Trend line liquidity forming just before the demand which I see as a trap for early buyers. - Liquidity to the upside still left and overall market trend is very bullish. - Price has broken structure the upside on the higher time frame confirming trend. P.S. Should price opt to breach the entire daily demand zone during NFP week to eliminate the liquidity beneath it, I anticipate a temporary bearish sentiment, given that it would have violated significant downside structure. HAVE A GREAT TRADING WEEK AND BE CAUTIOUS OF NFP FRIDAY!
OANDA:US30USDLong
by Hassan_fx
2
US30/USD Longs from 38600.0My bias remains strongly bullish for US30 this week. We've witnessed another significant break in structure to the upside, accompanied by robust bullish momentum, reinforcing the prevailing trend. I anticipate a retracement back to a demand level to sustain this upward movement. Upon reaching the daily demand zone, I'm eyeing a refined 10-hour demand zone for a potential bullish reaction. Additionally, I'll be on the lookout for a Wyckoff accumulation pattern within this area My confluences for US30 Buys are as follows: - Price broke structure to the upside once again leaving a clean daily demand. - Overall trend and the current trend remain to be very bullish. - Candlestick anatomy also shows that bulls remain stronger than bears. - Can expect a pullback to mitigate the levels of demand. - Wick left to the upside that needs to get filled and price has been moving impulsively. P.S. We observed a minor sell-off two weeks ago, followed by a resurgence that breached the previous high. Currently, I'm not actively seeking selling opportunities. However, I wouldn't be surprised if price establishes a supply zone, offering a chance to sell back towards the marked demand zone.
OANDA:US30USDLong
by Hassan_fx
US30 imminent shorts down towards 37700.0Last week, the US30 exhibited significant potential for a more favourable market environment, offering several promising trading opportunities. Following the completion of a Wyckoff distribution on a higher time frame, validated by a CHOCH, I anticipate a selling opportunity as the price retraces into a distinct 16-hour supply zone. Although the price closed within the zone, it underwent a redistribution phase on a lower time frame, signalling a selling position. Presently, I am awaiting the breach of the upcoming Asian high to access a clean Order Block (OB) for initiating my sell position. Confluences for US30 Sells are as follows: - Price has completed a Wyckoff distribution on a higher time frame confirmed with a CHOCH. - Clean unmitigated 16hr supply zone that caused market shift has been tapped into. - Wyckoff re-distribution has taken place within the lower time frames. - Lots of liquidity to the downside in the form of Asian lows, trendlines and equal lows. - Price has been moving very bearish and it's getting exhausted hence why we got that bearish drop recently. - For price to keep going up it must go down so we can expect temporary sells maybe down to a better demand. P.S. While the market remains predominantly bullish, the recent downward movement was anticipated, signaling exhaustion of bullish momentum. This could mark the beginning of a bearish trend, presenting potential opportunities for short-term selling positions. HAVE A GREAT TRADING WEEK AHEAD GUYS!
OANDA:US30USDShort
by Hassan_fx
2
US30 Longs from 38380.0 back upMy bullish bias for US30 remains intact this week. Last week's analysis (Scenario A) unfolded precisely as anticipated. With another upward break in structure, I continue to anticipate US30 to sustain its bullish trajectory. Currently, having cleared liquidity at the recent high, a pullback to another demand area is foreseeable. My focus shifts to the 12-hour demand zone near 38380.0, where an engulfing candle triggered the latest break in structure. This zone, lining up with the 0.78 Fibonacci range, offers a chance for a Wyckoff accumulation to formulate so we can ultimately buy back up. Confluences for US30 buys are as follows. - Price broke structure to the upside once again leaving a clean 12hr demand. - POI also sits within the 0.78 fib range as well. - Trendline liquidity is left on top of the zone, so once it gets swept we can then hopefully see a nice reaction off our zone. - Overall trend and the current trend still remain to be very bullish. - Candlestick anatomy also shows that bulls remain stronger than bears. - Liquidity left at the new high in the form of a wick. P.S. While buys are currently preferable, we mustn't solely fixate on one bias. It's essential to remain open to alternatives that could unfold. For instance, if bullish pressure weakens, price might sharply decline, signalling a shift in momentum to the downside. I hope you guys found this post insightful, have a great trading week everyone!
OANDA:US30USDLong
by Hassan_fx
2
US30 Longs from 38200.0 or 37600.0 back upMy bias for US30 this week remains bullish, especially after it broke structure to the upside following the NFP release. This breakout formed a new demand zone, providing potential buying opportunities. Alternatively, if price doesn't respect this zone, it may decline further to breach the trendline near Point (A) POI and then reach the 3hr demand zone beneath it. Currently, I anticipate a correction and pullback to facilitate the formation of a Wyckoff accumulation pattern within these zones. Once price shows signs of slowing down and demonstrates a clear change of character to the upside on lower time frames, I will start considering buy positions. Confluences fro US30 buys are as follows: - Price broke structure to the upside once again to the upside leaving a new 6hr demand zone. - Liquidity left in the form of a wick above and price looks like it will undergo a retracement. - Overall market structure on the lower and higher time frame still remains bullish as well. - Sentiment analysis also shows US30 to be VERY bullish. - Candlestick anatomy still shows how strong the bulls are in this market. P.S. It's intriguing to observe the strong bullish momentum in US30. However, I remain cautious not to solely concentrate on buying opportunities, as I acknowledge the possibility of the bullish pressure waning and US30 transitioning into a possible bearish trend. REMEMBER TO ALWAYS BE ADAPTIVE! Have a great trading week guys and lets catch these pips!
OANDA:US30USDLong
by Hassan_fx
US30 Longs from 37600.0 or 37300.0 back upUS30 recently broke out of its ranging zone, achieving new all-time highs and confirming an extremely bullish trend. This further strengthens the prevailing idea, prompting us to adapt and seek opportunities for buying to continue the upward trend. We've identified two demand zones—one on the two-hour timeframe, close to the current price, and another (10hr) below, which is considered more ideal. The latter broke structure on a higher timeframe, swept liquidity, and is within the 0.78 fib range. I'll be patiently waiting for either of these two zones to explore potential buying opportunities. Confluences for US30 Buys are as follows: - Price needs to dip to a significant demand level for an upward rally to persist. - The market trend is long-term bullish, aligning with this idea. - New demand zones have been left on the (10hr & 2hr) which caused a BOS on the HTF. - Price has taken ATHs confirming the bullish trend. - Price has broken significant structure to the upside also reinforcing this idea. - Imbalances below that need to get filled as well so a potential pullback does make sense. P.S. Despite the prevailing bullish trend, it's crucial not to have tunnel vision and overlook the possibility of a bearish bias. With price absorbing all liquidity to the upside, there's a chance for a melt-off, potentially breaking through my demand zones and reaching the equal lows below them.
OANDA:US30USDLong
by Hassan_fx
US30/USD Longs from 36600.0 back upUS30 doesn't currently capture my interest due to significant ranging and the build up of liquidity, awaiting a breakout. Once the breakout occurs, whether to the upside or downside, opportunities can be seized. Given the overall bullish sentiment, the demand zone for potential buys holds more appeal. I'll await a downside breakout, fill the imbalance, and then address my 4hr demand zone. In case price breaks higher, establishing new highs, I'll look for a fresh demand level for buying opportunities. Alternatively, if the price breaks down and undergoes a character change, it may create a supply zone for potential short-term sells. Confluneces for US30/USD Buys are as follows: - Price is ranging a building liquidity due for a breakout and to eventually react off a zone. - A demand zone below triggered a break of structure to the upside. - The market trend is longterm bullish, aligning with this idea. - Imbalance above the demand signals favourable reaction at my POI. - lots of liquidity above, including trend lines and untouched Asian highs. - Price needs to dip to a significant demand level for an upward rally to persist. P.S. I'm currently holding off on immediate trades, waiting for price to initiate a breakout. The market appears to be in a consolidation phase, and I'll only consider entering trades once price establishes a clear direction to sweep liquidity. Have a great trading week ahead everyone!
OANDA:US30USDLong
by Hassan_fx
1