Us30 rebound upside continue Hey there on 1htF the US30 looking for upside rise continue above the 39000 so can w see next sell area above from 38700
US WALL ST 30
US30 Dow JonesPair : US30 Dow Jones
Description :
Double Top in Short Time Frame
Completed " 12345 " Impulsive Waves
Fibonacci Level - 261.2%
RSI - Divergence
Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line
DXY Bullish Trend Hey there on 1htF the DXY Bullish Trend until 106 then we can looking for sell opportunity and will drop from there our previous support area 106$ so we can follow up and then best to make short area from upper side to set our next target 103$
US30 2024/04/23Bullish range , possible entries to scalp, anticipating price to move in premium on HTF
US30The Dow Jones symbol has entered a downward trend, which has moved its highs into a short position. It is likely that the price will correct up to 38800 and continue its downward trend from there until it reaches the important support of 35000.
US30 Daily Analysis - 16 April 2024CHECK OUT MY BIO....
Knowledge Required to nail OANDA:US30USD
1, Good understanding of price Trend/directions
2, Absolute respect for Supports and Resistances
3, Knowledge of candle stick patterns
4, Discipline to use partial TP, SL
5, Discipline to wait for confirmations and only act when required
See the video for more.
US30 2024/04/1515min Bearish range, still looking to short within range of POI's, fundamentals is key tho. POI's for LONG/SHORT marked out
US30 USD meltdown (Shorts from 38400.0)My bias for US30 has turned bearish due to the recent Wyckoff distribution that unfolded on the higher time frame, validated by a change of character and a break of structure. This confirmation prompts me to seek selling opportunities to support the downward trend.
I will be targeting sells around the 20-hour supply zone, which recently triggered a Break of Structure (BOS) to the downside. Once we experience a pullback, I will seek a redistribution pattern on lower time frames to initiate sells in line with the prevailing trend.
Confluences for US30 sells are as follows:
- Price played a Wyckoff distribution on the higher time frame and had a CHOCH.
- Continuous breaks of structure have occurred to the downside with strong momentum
- Few clean supply zones have been left including the recent 20hr supply.
- ATH's has been taken, and enough liq has been grabbed to start pushing price down.
- still lots of liquidity and imbalances below that needs to be mitigated.
P.S. Alternatively, I will wait for the daily demand. If price continues to decline, I can capitalize on a retracement back up to the supply zone, making buys a potential option this week. Wishing you all a successful trading week!
US30 2024/04/1115min bearish range, waiting op premium for possible shorts
also looking to go for buys possibly from A-low during London Sesh
US30 2024/04/10Still within 15 min Bearish range
POI's Marked out for CPI, wil be looking for MSS on said POI's, also trendline liq forming above price anticipating it to be run at some point
US30 trade idea 2024/04/0815min bearish range
looking for possible sell from supply
also looking to to see if 15min high holds as we are in discount of the daily range could possible see price go higher
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.
US30: Dow Jones Retreats After Double Top FormationThe Dow Jones Industrial Average has shifted into negative territory, experiencing a notable downturn following a double top formation around the $40,000 mark on April 1st. As of the time of writing, the price has descended to $39,179, exhibiting a reaction near the neckline of the price pattern. This development prompts a strategic approach based on Fibonacci levels, indicating potential pullback zones where sell limits have been set to capitalize on retracement opportunities.
The recent softness in US services activity data has provided a degree of respite for investors, who have been increasingly apprehensive about the implications of robust US macroeconomic indicators on Federal Reserve monetary policy. Specifically, the US ISM Services Purchasing Managers' Index (PMI) dipped to 51.4 in March from 52.6 in February, contrary to market expectations of a marginal uptick to 52.7. Furthermore, the Prices Paid sub-index receded to 53.4 from 58.6, marking its lowest reading in years and indicating a disinflationary trend in the economy. These figures have somewhat counterbalanced the impact of strong ADP employment data and hawkish remarks from Federal Reserve Chair Powell and Atlanta Fed President Bostic.
In light of these developments, our strategy revolves around anticipating a pullback from the previous zone area, followed by a renewed downward movement. This tactical approach aims to capitalize on market dynamics and potential retracement opportunities, aligning with broader market sentiments and macroeconomic indicators.
As market conditions evolve, continued monitoring and adjustment of strategies will be essential to adapt to changing dynamics and capitalize on emerging opportunities in the Dow Jones Industrial Average.
US30 | Ready to retest the price ceiling?The important support area for the US30 index is around the price of 39000. Considering the RSI is in the oversold range, an upward movement with targets at 39448 and 39844 can be expected. 📈
US30 Technical Analysis: Counter-Trend Short OpportunityThe US30's bullish momentum has encountered a key resistance level. This presents a potential counter-trend shorting opportunity. Here's the trade idea:
Entry: Sell short at the current resistance level.
Stop-Loss: Place a stop-loss order above the recent high.
Target: Aim for the previous support/imbalance zone established at a prior low.
Rationale: The US30's extended rally into resistance increases the likelihood of a pullback. This setup offers a favorable risk-reward ratio for a short-term counter-trend trade.
Important Note: Market conditions can change rapidly. Manage risk diligently and adapt your strategy as needed.
US30 Bulls still holding strong (buys potentially from 39400.0)US30 remains in a strong bullish stance, and I'm still on the lookout for long opportunities. Last week, we witnessed a retracement in price to fill the previous imbalance, although some imbalances remain. This was adequate for initiating a new rally, as we're currently observing.
Now, I anticipate two possibilities: either price will break past the newly formed high, or it will retrace to address a significant demand level. In the event of a retracement to the demand level, I'll wait for lower timeframe confirmation before preparing long setups, targeting either new highs or significant liquidity points.
Confluences for US30 Buys are as follows:
- Price broke structure to the upside once again.
- Lower and higher time frame remains extremely bullish.
- Clean nearby demand zone on the 18hr or 21hr.
- New high is close by which is a strong level of liquidity tat is lying there.
- After this imminent retracement we can expect a new rally.
P.S. I strongly favor the bullish trend due to several recent breaks of new highs. Additionally, there are several demand zones that have yet to be mitigated. However, given the impulsive nature of price movements, I wouldn't be surprised if we witness further upward momentum, potentially breaking the high once again.
Have a great trading week guys!
DOW JONES - BULLISH MOVE 🚀Hello Traders !
On Wednesday 20 March The US30 Broke The Resistance Level (39284.87 - 39080.39).
The Price Retreated To The Support Level and Failed To Break it !
The Lower High is Broken (ChoCh).
So, I Expect a Bullish Move 📈
TARGET: 39790.00🎯
US30 remains bullish ( 39200.0 or 38800.0 longs?)This week, I'm bullish on US30. I'm waiting for a pullback followed by a re-accumulation within the demand zone. Once I receive confirmation on the lower time frame, specifically in the 21-hour or 18-hour demand zone, I'll consider taking long positions along the trend.
With the recent breach of all-time highs and significant bearish momentum, there's a possibility of price dipping further to capture liquidity and address imbalances before initiating a new upward rally.
Confluences for US30 Buys are as follows:
- Price broke structure to the upside once again.
- Lower and higher time frame remains extremely bullish.
- Two clean demand zones that have caused BOS to the upside.
- Imbalances left above that need to get filled before price comes in to zone
- After this imminent retracement we can expect a new rally.
P.S. If the price declines and breaches my Points of Interest (POIs), I won't be surprised. Since price has absorbed all liquidity to the upside, a decrease in bullish pressure is possible. With major news behind us, the trading week ahead appears promising!
Have a great trading week guys and lets catch those pips!
