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.
US WALL ST 30
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.
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Potentially short set-up US30As you can see in the picture, on 12th November I shared my short setup on US30 and it hit my TP. Now after a small bounce, if i see a rejection sign at the level I'm watching, I'm planning to open another short position to target lower levels, as shown on the chart. Why? Because we've already seen 1.2.3.4.5 Elliot wave impulse on the daily and I'm expecting an ABC correction to follow, I'm waiting now. If it go higher than where I want to see a rejection this trade is invalide then for me. When I go In I will let it know.
Short trade us30 from 12 novembre (PATIENCE IS KEY)Yesterday, I closed my trade around 43,300 as I believed the price was nearing a potential reversal. However as we can see now, the market has smashed straight through to my original take-profit (TP) zone.
Here the lesson: It's crucial to always stick to your trading plan unless you have 100% confirmation that the market is reversing. Premature exits, like mine, might secure some profit, but they can leave substantial gains on the table. In this case, holding on with just a little more PATIENCE would have brought the trade to full potential.
Why PATIENCE matters:
1. Avoid emotional decissions: reacting too early can cost you. Let the market prove its intentions before deviating from your plan.
2. Maximize profitabillity: let your TP be hit unless clear signs indicate a reversal.
3. Discipline equals succes: Sticking to your strategy, even during uncertainty, builds consistency over time.
I still hold my XAGUSD (silver) , EURUSD, DOGECOIN and ofcourse XAUUSD(Gold) trade also. I will let u know.
DOW JONES - Idea for a long position !!Hello traders!
‼️ This is my perspective on DOW JONES.
Technical analysis: Here we have the same scenario as on S&P500, we are bullish, so I expect a long position if price fills the imbalance lower and then rejects from trendline.
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US30 Trendline Breakout AnalysisRecently, US30 (the Dow Jones Industrial Average) broke through a key resistance trendline, signaling a potential shift in market momentum. Here’s why we think this breakout is significant and why the index may continue to rise:
Positive Economic Indicators: Recent economic data has shown resilience, with strong corporate earnings reports and steady employment numbers, reducing fears of an imminent recession. These factors boost investor confidence, attracting buying pressure and supporting upward price movement.
Lower Interest Rate Concerns: With inflation showing signs of cooling, the Federal Reserve may ease on aggressive rate hikes, which typically weigh on equities. The market often rallies when the outlook on interest rates is more favorable, as it lowers borrowing costs and encourages investment in riskier assets like equities.
Technical Breakout Confirmation: The recent breach of the resistance trendline was supported by high trading volume, which often validates the strength of a breakout. Additionally, other technical indicators, such as moving averages and the Relative Strength Index (RSI), show bullish momentum, suggesting that the breakout is not a false signal.
Market Sentiment and Risk Appetite: Investors appear to be shifting toward a "risk-on" mode, with increased demand for growth-oriented and blue-chip stocks in the US market. This shift in sentiment often leads to further gains in major indices like the US30, especially as it represents stable, high-performing companies.
Seasonal Trends and Year-End Rally Potential: Historically, the end of the year often brings about a “Santa Claus rally” in equity markets, where stock prices trend upward due to favorable market sentiment and portfolio adjustments. This seasonal pattern may further support the US30’s upward trajectory as we approach the year-end.
US30 / TRADING INSIDE ASCENDING CHANNEL / 4HUS30 / 4H TIME FRAME
HELLO TRADERS
Current Price Trends:
Following Trump’s win, the US30 index rose by 4.90% , The index is now testing historical peak levels around 44,045, with a potential to reach 44,532 if the upward trend holds.
Technical Levels and Price Action:
The analysis suggests that if prices stay below a certain “ascending channel line,” it could indicate weakness, possibly leading to a decline , The first potential downside target is a “Fair Value Gap” (FVG) between 43,381 and 42,984 , If prices break this zone, further declines could target another FVG range between 42,716 and 42,335.
Trend Confirmation:
If the price remains below the second FVG zone, it might confirm a downtrend , Conversely, if it stays above these levels, it suggests potential for a continued increase.
US30USD Will Fall! Sell!
Take a look at our analysis for US30USD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 42,066.9.
The above observations make me that the market will inevitably achieve 41,539.1 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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