US30USD Bearish Pattern FormationI think that the bullish run is over and we have witnessed the formation of a rising flag, which IMO, looks like more of a bearish setup to me. (ID Timeframe).
I do anticipate that the bearish run look inevitable and let us dig deeper into the shorter timeframes to get the best position for an entry.
US WALL ST 30
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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US30The Dow Jones Industrial Average Index (US30) on a 1-day timeframe.
Key Elements in the Chart:
1. Entry Zone (40,070 - 39,880):
The recommended entry range for a long position is between 40,070 and 39,880.
2. Target Levels:
Target 1: 40,636.77
Target 2: 41,295.33
Target 3: 42,750.00
3. Stop Loss:
The stop loss level is set at 39,825.
4. Support and Resistance:
Support Zone: Marked in green below the entry range.
Resistance Levels:
First Resistance: 40,636.77
Second Resistance: 41,295.33
Final Cycle Target: 42,750.00
5. Current Price:
The current price at the time of the chart is 40,604.42, which is below the first resistance level but above the entry zone.
Analysis:
1. Entry Strategy:
The recommended entry zone for a long position is between 40,070 and 39,880. Entering within this range allows you to capitalize on a potential upward movement towards the target levels.
2. Target Levels:
The first target level of 40,636.77 is relatively close to the current price, suggesting a short-term target.
The second target of 41,295.33 and the final cycle target of 42,750.00 indicate higher resistance levels and potential profit points for medium to long-term trades.
3. Stop Loss:
A stop loss at 39,825 ensures a predefined risk, protecting the trader from significant downside moves if the market goes against the position.
4. Support and Resistance Analysis:
The support zone indicates a strong buying interest, which can serve as a cushion against falling prices.
Breaking above the resistance levels will be crucial for the continuation of the upward trend.
Trading Plan:
1. Enter Long Position: Within the entry zone (40,070 - 39,880).
2. Set Stop Loss: At 39,825 to manage risk.
3. Monitor Resistance Levels: Watch for price action around 40,636.77 and 41,295.33.
4. Take Profit:
Partial profit at the first target (40,636.77).
Further profit at the second target (41,295.33).
Final profit around the final cycle target (42,750.00).
US30 ( TRYING TO CREATE A NEW HISTORICAL PEAKS ) ( 1D )US30
HELLO TRADERS
TENDENCY : the price stabilizing above turning level , indicates is under bullish pressure
TURNING LEVEL : between 39,855 and 39,106 level , this range of level strong , if the price stabilizing this range create a new resistance level , breaking 39,106 it will trying to reach a support level
PRICE MOVEMENT : the price in previously can be created a strong range between 39,855 and 39,106 called turning level , in the last weekly price stabilizing 39,106 , after rising to 40,275,
currently price 40,026 , in my think need a corrective before reach a new historical peaks , if the price breaking turning level active bearish zone .
PRICE ACTION : two conditions
LONG CONDITION : have two cases to rising for reach a resistance level , first case the price corrective 39,855 before rising to resistance level at 40,987 , second case price breaking 39,855 by open 4h candle below this level reach 39,106 after rising .
SHORT CONDITION : if the price breaking 39,106 by open 1D candle below this level reach a support level at 38,027 , then stabilizing this level reach a 37,258 .
TARGET LEVEL :
RESISTANCE LEVEL :40,987 , 41,776
SUPPORT LEVEL 38,027 , 37,258
US30 ( CPI ) ( 4H )US30
HELLO TRADERS
Tendency the price trade above turning level at 39,480 , indicates is under bullish pressure
TURNING LEVEL : a black line between resistance and support level around 39,480 , indicates if the price stabilizing above this level reach resistance level , if the breaking turning level reach a support level
RESISTANCE LEVEL : there is a black line above turning level around 39,713 , indicates selling have already increase this level , so if the price trade above turning level reach this level
SUPPORT LEVEL : there is a black line below turning level around 39,137 , indicates buying have already increase this level , so if the price breaking turning level reach this level
PRICE MOVEMENT : first the price will trying to dropping a turning level around 39,480, after rising to the resistance level around 39,713 , then stable above this level reach 39,931 , if the price breaking turning level reach a support level by 39,137 , then stable by open 4h candle above this level reach a 39,734
TARGET LEVEL :
RESISTANCE LEVEL : 39,713 , 39,931
SUPPORT LEVEL : 39,137 , 38,734
US30 ( UNDER NFP NEWS ) ( 4H )US30
HELLO TRADERS
Tendency the price trade below turning level at 39,426 , indicates is under bearish pressure
TURNING LEVEL : a blue line between resistance and support level around 39,426 , indicates if the price stabilizing below this level reach support level , if the breaking turning level reach a resistance level
RESISTANCE LEVEL : there is a green line around 39,634 , indicates selling have already increase this level , so if the price breaking turning level reach this level
SUPPORT LEVEL : there is a red line below turning level around 39,069 , indicates buying have already increase this level , so if the price stable below turning level reach this level
PRICE MOVEMENT : first the price will trying to rising a turning level around 39,429 , after dropping to the support level around 39,069 , then stable below this level reach 38,764 , if the price breaking turning level reach a resistance level by 39,634 , then stable by open 4h candle above this level reach a 39,850
TARGET LEVEL :
RESISTANCE LEVEL : 39,634 , 39,850
SUPPORT LEVEL : 39,069 , 38,764
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.
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US30 shortsMonthly;
- Not much can be made of this timeframe.
- June formed an inside bar which shows me indecisiveness
Weekly;
- There is a W formation which has not tested the neckline
- Price formed a bearish candlestick the previous week.
Daily;
- Price broke below the previous low indicating that a bearish pattern has formed
- The last two days have formed major bearish candlesticks
4 hour;
- An evident double top formation with two huge wicks.
- Waiting for the perfect entry to enter the market
NIKE - A No Brainer! Following on from our last analysis of Nike, we are down a further 20%! As explained in the last analysis, Nike is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment, with revenue in excess of US$46 billion in its fiscal year 2022. The chance of it going bust is incredibly low. Any dips should be considered a buying opportunity.
We are fast approaching the pandemic lows, which is our initial area of interest. Anything below the pandemic levels will provide us an even bigger opportunity to buy!
For confirmation that we've reversed, we can wait for the break of the red trendline. Alternatively, we can slowly build our positions as we move lower.
The move up is inevitable. It's just a question of when!
Goodluck and as always, trade safe!
US30 ( UNDER BULLISH PRESSURE ) US30
HELLO TRADERS
Tendency the price will trying to closer a resistance trendline , indicates a price is under bullish pressure .
TURNING LEVEL : a gold rectangular between resistance and support level , a round 38,930, which indicates two cases , the first cases until the price breaking this level reach a support level , the second case the price trade above this level , the price reach resistance level .
RESISTANCE LEVEL : a green rectangular , an area above the turning level around 39,429 , indicates selling have already increase at this level .
SUPPORT LEVEL : a red rectangular , an area below turning level around 38,430 , indicates buying have already increase at this level .
PRICE MOVEMENT : the price is under bullish pressure until trade above turning level at 38,930 , it will attempt to reach resistance level at 39,429 , then trade above this level reach next target at 39,807 , if the breaking turning level reach to support level 38,430 , then stable below this level reach next target 38,029 .
TARGET LEVEL :
RESISTANCE LEVEL : 39,429, 39,807
SUPPORT LEVEL : 38,430 , 38,029
US30 ( RETEST AFTER LONG ) ( 4H )US30
HELLO TRADERS
in the last chart as mentioned , the price is under bearish pressure dropping + 490 pip
today , the price of EIGHTCAP:US30 retest to the turning level , may be swing 38,784 before long .
Tendency the price is a bullish pressure at 38,948
TURNING LEVEL : the price in turning level 38,948 , until price trade below this level active bearish zone , but if price breaking this level active bullish zone
RESISTANCE LEVEL: price until trade above turning level 38,948 , the price will rise to 39,397 39,765 ,stable this level by open 4h candle reach to 40,040
SUPPORT LEVEL : the price breaking turning level at 38,948 , it will reach the support level of 38,501 then stable this level reach to 38,134
CORRECTIVE LEVEL : price will 38,948 , correct itself before falling
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US30 ( DOWNWARD ) ( 4H )US30
HELLO TRADERS
YESTERDAY , AS MENTIONED us30 is under bullish rise +470 pip , aimed full targets , today the price is under bearish , trade us30 price below turning level reach to support level
Tendency the price is a bearish pressure at 39,564
TURNING LEVEL : the price in turning level 39,564 , until price trade below this level active bearish zone , but if price breaking this level active bullish zone
RESISTANCE LEVEL: price breaking by open 4h candle above turning level, the price will rise to 39,765 and 40,040
SUPPORT LEVEL : the price trade below turning level at 39,564 , it will reach the support level of 39,204 then stable this level reach to 38,933
CORRECTIVE LEVEL : price will 39,564 , correct itself before falling
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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 Outlook ICT Concepts 💰 Welcome to Your Channel!
Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on US30 , dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains.
🚀 Market Movement Overview
This week, we observed a robust upward movement in the market, pushing the price action towards the previous week's high ( PWH ). This bullish momentum allowed us to successfully sweep the liquidity resting above the PWH . Additionally, we tapped into the daily Fair Value Gap ( FVG ).
📈 Key Levels
In terms of trading strategy, the Optimal Trade Entry ( OTE ) levels are positioned in the middle of the FVG. Notably, we managed to reach the 0.62 Fibonacci retracement level, which is often a key zone for potential reversals or continuations in the market.
📊 Liquidity Zones and Market Structure
Given this, we can anticipate the price to potentially climb even higher as it seeks more liquidity within the FVG .
Looking below the current price action, we identify the previous week's low ( PWL ) as a significant level. There is also additional liquidity created by the imbalance in the FVG , followed by an Order Block ( OB ).
🔍 Future Projections and Analysis
For any potential upward movement, it is crucial to obtain confirmation from lower time frame analysis. This will help us aim for the previous month's high ( PMH ), which stands as an important liquidity level.
💡 Conclusion and Trading Decisions
By carefully monitoring these key levels and seeking confirmation on lower time frames, we can better navigate the market's movements and make informed trading decisions.
🙏 Thank you for joining us!
Exploring US30 today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning!
⚠️ Disclaimer
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
US30 - Entry Zone Update!Following on from our previous analysis where we shared the higher timeframe analysis, we are now seeing a correction which we can capitalise on.
We are watching for price to move into our sell zone where we'll look for signs of reversals on lower timeframe. We are not anticipating price to create a new high so we can use 40.1k as invalidation levels for this scenario.
SHORT Trade Idea:
- watch for price to move into sell zone
- Once there, look for signs of reversal on lower timeframe. We'll be looking for an entry trendline
- Once entered, have stop loss above the correction
- Target the buy zone 37k
Our longer term setup will be the buy setup once we enter buy zone.
Goodluck and as always, trade safe!
US30USD Market Structure, ranging market👋Hello Traders,
Here is a structure of US30USD, it is a very ranging market with low highers recently.
It is suitable for range trading strategy in our opinion.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
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 shortsFirst of all, there is no clear thesis of where price is headed, however, I believe that confluences are pointing towards price heading lower
Daily;
Price is trapped between 38,850 and 38,550
Can expect a small rejection before price decides where it is headed to.
4 hour;
Price broke above 38,720 yesterday without retesting that region.
I am expecting a retest of that region and I am waiting for price form a sell setup that indicates that price is headed there