Bearish reversal off overlap resistance?Dow Jones (US30) is reacting off the pivot which has been identified as an overlap resistance that aligns with the 50% Fibonacci retracement and could drop to the pullback support.
Pivot: 43,330.76
1st Support: 41,777.16
1st Resistance: 44,327.75
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
US WALL ST 30
Could the Dow Jones be bullish?
Hi Dears
I think the Dow Jones will continue to move higher in the coming months and the target indicated in the image will occur when the candles can break the orange line.
You can see an order gathering area in the image that looks like it could gather buy orders and be ready to fly to the target.
Do you think this could happen?
Market Analysis: US30USD and Trump’s Presidential InaugurationMarket Analysis: US30USD and Trump’s Presidential Inauguration
Overview of US30 (Dow Jones Industrial Average)
The US30USD (Dow Jones Industrial Average) represents 30 of the largest and most influential companies in the United States. Its performance is often used as a barometer for the overall health of the US economy and investor sentiment.
Key Reasons Why US30 May Rally Today
1. Trump’s Inauguration and Pro-Business Policies:
• With Trump being inaugurated as president, market participants are anticipating a renewed focus on pro-business and growth-oriented policies.
• Historically, Trump’s presidency has been associated with corporate tax cuts, deregulation, and infrastructure spending, all of which boosted the markets during his first term. Investors are pricing in similar expectations.
2. Market Optimism and Speculative Rally:
• Political transitions often spark short-term speculative moves, especially when aligned with positive sentiment regarding economic growth.
• Increased investor confidence in the potential for fiscal stimulus and business-friendly legislation is likely driving buying pressure on the US30.
3. Technical Breakout on the Chart:
• The US30USD recently broke above a key descending trendline, signaling a shift from bearish to bullish momentum.
• The index has also formed a higher low pattern, suggesting buyers are stepping in at stronger levels, creating upward momentum.
4. Increased Volatility and Volume:
• The chart shows rising trading volume, which typically confirms stronger price movements.
• The Stochastic Oscillator indicates the market is approaching neutral or oversold levels, suggesting room for further upward movement without hitting overbought territory.
5. Sector-Specific Gains:
• Key sectors like financials, industrials, and technology are likely to benefit from anticipated pro-business policies, driving gains in major components of the US30.
Potential Upside Targets
• Immediate Resistance: 43,750
• If this level is broken, the next target will be 44,000, which aligns with previous resistance zones.
• Support Levels:
• Strong support is located at 43,400, providing a safety net for any minor pullbacks.
Risks to Watch
• Unexpected Announcements: Any policy announcements deviating from pro-business expectations could temper gains.
• Global Factors: Macroeconomic risks, such as geopolitical tensions or unexpected Federal Reserve actions, could impact market sentiment.
Conclusion
The US30USD is positioned for an upward move today, supported by technical bullish signals, increased optimism around Trump’s pro-business policies, and market momentum. Investors and traders should monitor key resistance and support levels closely while leveraging today’s rally for potential short-term gains.
US30/DJ30 "DOW JONES INDUSTRIAL AVERAGE" Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Robbers, 🤑 💰
Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the US30/DJ30 "DOW JONES INDUSTRIAL AVERAGE" Indices market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. Be wealthy and safe trade.💪🏆🎉
Entry 📈 : You can enter a Bull trade at any point,
however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest.
Stop Loss 🛑: Using the 3h period, the recent / nearest low or high level.
Goal 🎯: 44600.0 (or) escape Before the Target.
Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release.
Fundamental Outlook 📰🗞️
The US30/DJ30, also known as the Dow Jones Industrial Average (DJIA), is a stock market index that represents the 30 largest and most widely traded companies in the US. The index is a widely followed benchmark for the overall health of the US stock market.
CURRENT MARKET SENTIMENT:
The current market sentiment for the US30/DJ30 is bullish, with the index trading near its all-time highs. The US economy is strong, with low unemployment and steady GDP growth. However, there are concerns about the impact of trade tensions and rising interest rates on the economy.
UPCOMING NEWS:
US GDP Growth Rate: The US GDP growth rate for the second quarter is expected to be released on Friday, with expectations of a 2.0% growth rate.
US Non-Farm Payrolls: The US non-farm payrolls for July are expected to be released on Friday, with expectations of 180,000 new jobs added.
US Unemployment Rate: The US unemployment rate for July is expected to be released on Friday, with expectations of a 3.6% unemployment rate.
Federal Reserve Interest Rate Decision: The Federal Reserve is expected to announce its interest rate decision on Wednesday, with expectations of a 25 basis point rate cut.
Strong US Economy:
Low unemployment rate
Steady GDP growth
Increase in consumer spending
Improvement in business confidence
Monetary Policy:
Federal Reserve adopts a dovish tone
Interest rates are cut or remain low
Increase in money supply
Stimulative monetary policy
Fiscal Policy:
Government implements expansionary fiscal policies
Increase in government spending
Tax cuts or reductions
Infrastructure investments
Earnings Growth:
Strong corporate earnings growth
Increase in revenue and profitability
Positive guidance from companies
Beat of analyst estimates
Valuations:
Attractive valuations compared to historical averages
Low price-to-earnings ratio
High dividend yield
Undervalued stocks
Technical Indicators:
MACD line crosses above the signal line
RSI (14) falls below 30 and then rises back above it
50-period Moving Average (MA) crosses above the 200-period MA
Price closes above the 50-period MA
Bullish chart patterns, such as a head and shoulders or a inverse head and shoulders
Sentiment Analysis:
Bullish sentiment among traders and investors
Increase in long positions
Decrease in short positions
Put-call ratio falls below 1.0
Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan.
Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀
I'll see you soon with another heist plan, so stay tuned 🫂
US30: Bearish Momentum Below 41,970 with Key Levels to WatchUS30 Technical Analysis
The price has stabilized in bearish momentum after closing below 41,970.
As long as the price trades below 41,970, it is expected to drop to 41,740, with a further decline toward 41,560 if this level is broken.
Conversely, a 1-hour candle close above 41,970 could push the price to 42,130. To confirm a bullish trend, the price must stabilize above this level.
Key Levels:
Pivot Point: 41970
Resistance Levels: 42130, 42400, 42590
Support Levels: 41740, 41560, 41350
Trend Outlook:
Bearish Momentum: While below 41,970
Bullish Potential: Above 41,970 (with stabilization above 42,130)
Previous idea:
Dow Jones 30-Min Short: Bearish Momentum Building Toward 42kThe Dow Jones has triggered my short position following a significant volume spike, currently trading below the key EMA levels. The technical setup suggests a bearish continuation toward the 42k price zone. This aligns with a short-term correction in equities after December marked the Dow’s worst monthly performance in over two years.
Fundamentals:
• Major indexes continue to struggle, with the Dow and S&P 500 facing extended losing streaks.
• Market sentiment remains cautious as investors digest recent corporate earnings, geopolitical risks, and upcoming key economic data such as ISM Manufacturing PMI.
• Despite a strong year-end rally, December losses reflect broader market uncertainty, further pressuring the Dow.
Technicals:
• Price remains below both the 50 and 200 EMAs, signaling bearish momentum.
• Volume analysis highlights increased selling pressure, confirming bearish sentiment.
• Immediate support at 42,000 aligns with key demand zones and historical price reactions.
With these conditions in play, I’ll manage risk carefully, monitor for any major shifts, and adjust my position accordingly. Pay yourself and trade responsibly!
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
US30 / Bullish Confirmation toward 43210US30 / Technical Analysis
The price will try to touch 43200 while above 42770, so has a bullish momentum from 42770.
Bearish Confirmation will be activated by the stability of the price below 42580
Key Levels:
Pivot Point: 42920
Resistance Levels: 43210, 43350, 43650
Support Levels: 42770, 42580, 42390
Trend Outlook:
Bullish Momentum while above 42910
Bearish Momentum by stability below 42770
Price Targets 43,200 Amid Bullish Momentum Above 42,770Technical Analysis
The price will try to touch 43200 while above 42770, so has a bullish momentum from 42770.
Bearish confirmation will be established if the price stabilizes below 42,580.
Key Levels:
Pivot Point: 42770
Resistance Levels: 43210, 43350, 43650
Support Levels: 42770, 42580, 42390
Trend Outlook:
Bullish Momentum: Stabilized above 42,910
Bearish Momentum: Stabilized below 42,770
US30 LongThis analysis focuses on the interplay of weekly and intraday confluences, which collectively point towards a potential bullish scenario. A detailed breakdown of the price movements and key levels is provided to support the thesis.
1. Weekly Confluences
Unmet Target: The price has yet to reach its anticipated target of 45,300, indicating unfulfilled market objectives.
Order Collection Observation: A significant retracement suggests an attempt to collect orders within a specific price region.
The first notable level was 43,500, corresponding to a prior body closure. Price broke through this level and moved downward.
The second key region, 42,100, showed a rejection pattern characterized by a three-pin formation.
Pattern Analysis: An "M" pattern is apparent, signaling that the price may retest its neckline at 43,500.
2. Four-Hour Timeframe Insights
Rejection and Momentum: The price rejected the 42,100 weekly level with strong bullish momentum, forming a bullish setup with a target of 42,600.
Order Collection Confirmation : Despite the bullish target not being achieved, the retracement implies another round of order collection, this time within the 42,328 daily level.
Conclusion and Thesis:
The evidence points to a bullish outlook. While the price is gathering momentum and confirming its intentions, I will wait for clear intraday confirmations before entering the market. Patience at this stage will ensure alignment with the larger trend and reduce exposure to potential false moves.
"US30 / DJI 30" Indices Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Robbers, 🤑 💰
Based on 🔥Thief Trading style technical analysis🔥, here is our master plan to heist the "US30 / DJI 30" Indices market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 👀 So Be Careful, wealthy and safe trade.💪🏆🎉
Entry 📈 : You can enter a Bull trade at any point,
however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest.
Stop Loss 🛑: Using the 2H period, the recent / nearest low or high level.
Goal 🎯: 44,200.00
Scalpers, take note : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release.
Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan.
💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀
I'll see you soon with another heist plan, so stay tuned 🫂
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.
US30 /Bearish Momentum and Key Levels Ahead of FED Rate DecisionTechnical Analysis
The price has dropped about 700 points, as we mentioned previously, and remains under bearish momentum after breaking the bearish correction and trading below 43760.
As long as the price trades below 43760 and 43900, it is likely to drop further to touch 43350. However, it is also possible for the price to retest 43760 before continuing to drop.
On the other hand, the FED Rate Decision tomorrow will impact the indices. A rate decrease of 25 bps is expected, which could influence the bullish momentum depending on the market's reaction to the rate change.
Key Levels:
Pivot Point: 43580
Resistance Levels: 43765, 43900, 44070
Support Levels: 43350, 43210, 42900
Trend Outlook:
Bearish Momentum
Previous idea:
US30: Key Levels and Bearish Outlook Below 44410Technical Analysis
The price has dropped approximately 320 pip, as mentioned in the previous analysis, and has now stabilized below 44410. This supports a bearish outlook, with the next target being 44130. A break below 44130 with a 4-hour or 1-hour candle close will confirm further downside to 43900.
To signal a bullish correction, the price needs to break above 44410 by closing a 4-hour candle above this level, potentially targeting 44590.
Key Levels:
Pivot Point: 44410
Resistance Levels: 44590, 44750, 44920
Support Levels: 44270, 43900, 43760
Trend Outlook:
Bearish below 44410, with targets at 44130 and 43900.
Bullish correction above 44410, targeting 44590.
PREVIOUS IDEA:
US30 Short Setup: Riding the Retrace to Key Support Levels!Since the elections, traditional markets have been climbing to new highs, showcasing strong bullish momentum. However, I’m now eyeing a short opportunity on the Dow Jones (US30) as it retraces to key support zones around 44,400–44,500. This area appears to be a strong support zone, and my plan is to capitalize on the retracement for a potential long setup near the 44,000 price range.
Currently, US30 is trading below the FibCloud, suggesting room for a retrace to the 44,800 level before continuing lower. My strategy here is to profit from the retracement, then re-evaluate for a long trade based on market conditions near the support levels.
Key Levels:
• Support Zone: 44,300–44,500
• Resistance Zone: 44,800
• Take Profit: 44,440
• Stop Loss: Above 45,100
Market Outlook:
With tomorrow being a U.S. bank holiday, volume may vary significantly. I’ll closely monitor price action and market reactions for further confirmation. This trade aligns with the broader market behavior while taking advantage of shorter-term retracements.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
US30 / TRADING A RANGE BETWEEN 45,100 AND 44,468 / 4HUS30 / 4H TIME FRAME
HELLO TRADERS
The Dow Jones is trading between 45,100 (resistance) and 44,468 (support) , Prices are under upward pressure, but remain below the all-time high (ATH) of 45,100.
If prices fail to stabilize above 45,100, a decline is expected toward the lower support at 44,468,If prices break below 44,468, the decline could continue further into a demand zone between 43,960 and 43,719.
If prices break and stabilize above 45,100 (ATH), an increase is expected toward a new historical zone between 45,490 and 45,890.
Several factors suggest a potential downturn for the Dow Jones ISeveral factors suggest a potential downturn for the Dow Jones Industrial Average (US30) in the near term:
Technical Indicators:
• Overbought Conditions: The Relative Strength Index (RSI) indicates that US30 is approaching overbought levels, which often precedes a price correction.
• Bearish Divergence: A rising wedge pattern coupled with bearish divergence signals a possible downward movement.
Economic Data:
• Manufacturing Slowdown: The ISM Manufacturing PMI rose to 48.4 in November but remains below the 50 threshold, indicating contraction in the manufacturing sector.
• GDP Growth Concerns: Recent data shows the U.S. economy grew at its slowest pace in two years, with a 1.6% increase in GDP for the first quarter of 2024, missing forecasts.
Federal Reserve Policies:
• Cautious Approach to Rate Cuts: Federal Reserve officials have signaled a cautious approach to future interest rate cuts amid strong economic performance and cooling inflation, which may impact investor sentiment.
Market Sentiment:
• Strengthening U.S. Dollar: A rising U.S. dollar could pose challenges for stock-market bulls, potentially hindering further equity-market gains.
• Technical Caution: Analysts warn of potential market corrections, with models indicating possible downturns during the holiday week.
Considering these factors, there is a potential for US30 to experience a decline in the near future. However, market conditions can change rapidly, and it’s advisable to monitor real-time data and news updates for the most accurate information.
US30 / UNDER GDP NEWS / 4HUS30 / 4H TIME FRAME
HELLO TRADERS
As long as prices remain below the All-Time High (ATH) and confirm the downward trend observed yesterday, the market continues to trade under downward pressure. If prices fail to break above the Adjusted Resistance High (ARH) at 44,950, they are likely to decline further toward 44,514 and 44,170, with a key support level at 43,817. Conversely, breaking above the ATH could suggest a move toward new historical peaks. Overall, the current market is trading within a bearish framework.
US30 Market Analysis
1. Technical Perspective:
• The chart shows a strong upward breakout from a falling wedge pattern, a traditionally bullish setup.
• After the breakout, price action seems to be consolidating near a resistance zone (marked in red).
• Support near 44,400 appears to have held firm previously, creating a higher low, which aligns with bullish momentum.
2. Stochastic Oscillators:
• The Stochastic Divergence and Stochastic indicators at the bottom suggest a recent overbought condition but are not yet sharply reversing, indicating consolidation rather than a full-fledged bearish reversal.
• If the stochastic moves upward from its midline, it could signal continued bullish momentum.
3. Key Levels:
• Resistance: The red box indicates a resistance zone near 45,000. A breakout above this level could trigger further upside movement.
• Support: Immediate support lies around 44,400. If this level holds, the market could continue upward.
4. Volume and Sentiment:
• While volume isn’t visible in the chart, breakouts with sustained buying pressure tend to confirm bullish trends.
• Broader market sentiment should also be considered; a positive catalyst (e.g., economic data or easing bond yields) could help US30 push higher.
Likely Scenario:
If support near 44,400 holds and there are no external bearish catalysts, the Dow (US30) could push higher toward or beyond the 45,000 resistance level. However, failure to break resistance may result in a short-term pullback to test lower support levels.
US30 / UNDER CPI PRESSURE / 4HUS30 /4H TIME FRAME
HELLO TRADERS
The analysis begins by noting a profitable decline of 590 pips, indicating that the asset has experienced a significant downward movement recently, which has been profitable for traders taking short positions.
The price is approaching an FVG zone between 43,381 and 42,984. A Fair Value Gap typically represents an area where the price may experience consolidation, or a period of sideways movement, before it makes a decision to either move higher or lower.
If consolidation occurs within the FVG, the price may rise toward a supply zone (44,252 to 44,532), which suggests a resistance area where selling pressure could occur, preventing the price from moving higher.
The analysis highlights a bearish sentiment, meaning the overall expectation is for the price to continue moving downward unless there is a breakout above the supply zone , If the price fails to stabilize above the FVG, further decline is expected. The target for this decline is a support zone between 42,716 and 42,335, where buyers might enter, potentially halting the downward move.
The downward pressure is noted as the dominant force unless the price manages to break above the supply zone ,Traders will need to watch whether the asset stabilizes within the FVG, as this will determine whether the bearish trend continues or a reversal occurs.
Dow Jones Index (US30): Bullish Trend Continues
Dow Jones Index updated the all-time high yesterday.
The resistance area based on a previous high turns into support now.
We can expect a bullish trend continuation at least to 45000 - the next psychological resistance.
❤️Please, support my work with like, thank you!❤️