US WALL ST 30
US30 weekly analysis Hello traders as you can see US30 has been on a bullish trend in the past week and months, it created the ascending triangle pattern that signals the bullish continuation and the price broke above the pattern so now we have to wait for the pullback into that zone and look for bullish trades after the price has created reversing pattern on that zone.
NAS100
simple trading - follow the trend
A very bullish market always needs a pullback. What a great Head and Shoulders pattern for a reversal to the downside. NAS100 has officially broken below all bullish trend lines on the Daily. NAS100 is looking to create more sell pressure. With NAS100 being at the top of its weekly trend, look for a correction. Massive sell if NAS100 cannot remain above the 4hr support zone.
BULLS :
Buy at 17588 4hr support,
If candles remain above this area and create bullish momentum, look for a target at 17661. A new higher lower should be a confirmation for continuation to the upside.
BEARS :
Wait for a retest to 17661 with bearish candles, Do NOT sell now but wait for a retest
*Previous sell opportunity:
17730
17665
This week's trading:
Look for NAS100 to consolidate and respect market support and resistance areas. Once the market has made a decision, then we trade!
us30 sellsUs30 reached resistance and started to show BOS to the downside on 5mins and 15mins.
Upon seeing this I waited for retracment and rejections at entry zone of 38490.000 with sl@ 39520.00 (30pts).
TP1: 38400.000 TP2: 38350.00 TP3: 38330.00 TP4:38150.00
* Where has the market moved since I entered my trade? Slight profits
* If I looked at the market now, would I take the same trade? yes
* How do I feel about my trade? nervous & unsure but optimistic.Glad it let the trade play out
* What do I like about this trade ? My entry was good & stayed calm when price retraced up
* What do I dis-like about this trade now? Price Was so choppy and still is but trust my analysis
* On a scale of 1 to 10, where would I rate this Trade now? 8/10
* If I were not in a trade now, would I take the opposite trade ? No
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!
US30 / 4H / TECHNICAL ANALYSIS CAPITALCOM:US30 The daily pivot is 37105, the first support is 38062, and the second support is 37764. As long as they do not fall below, my target is 38743.
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Feel free to post your ideas and questions at the comments section.
Good luck
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!
DOW JONES (US30) - Potential long ✅Hello traders!
‼️ This is my perspective on DOW JONES.
Technical analysis: Here we are in a strong bullish market structure, so I look only for longs. I want price to make a retracement to fill the imbalances lower and then to reject from bullish order block.
Fundamental news: This week is full of news in USA. Firstly on Wednesday we have Interest Rate followed by FOMC Conference, then on Friday NFP and Unemployment Rate. Pay attention to the results in order to validate the analysis.
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US30USD Will Go Lower! Sell!
Take a look at our analysis for US30USD.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 37679.9.
Taking into consideration the structure & trend analysis, I believe that the market will reach 37164.4 level soon.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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US30 IndexPair : US30 Index
Description :
Impulse Correction " ABC " Impulse Completed. Rejecting from the Strong Resistance Level. Completed " 1234 " Impulsive Waves in Short Time Frame. Rising Wedge as an Corrective Pattern in Long Time Frame , Wait for the Proper Rejection / Breakout
US30USD Longs from 36700.0 back upwards.he current situation for US30 lacks interest as price has already cleared a significant portion of the supply, resulting in a bearish move to eliminate remaining trendline liquidity. Currently, I am patiently waiting for a new break of structure to occur and the formation of a fresh supply zone. This will provide an opportunity to initiate sell positions targeting my Demand zone POI at 36700.
Alternatively, if a break of structure doesn't materialize, I'll look for price to descend, fill the imbalance, and accumulate around my 4hr demand zone. From this point, I anticipate a new upward rally, allowing for potential buy entries in line with the bullish trend.
Confluences for US30 Buys are as follows:
- Bullish pressure weakens, evident in a CHOCH and confirmed by a BOS
- A demand zone below triggered a break of structure to the upside.
- The market trend is bullish, aligning with this idea.
- Imbalance above the demand signals favourable reaction at my POI.
- Abundant 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.If price doesn't reach that low, I'll patiently await another upside break, leaving behind a demand zone for potential buys. Currently, my primary point of interest is at 36700.0, so observing price action at this moment is preferable.
Hope everyone has a profitable first month!
US30/USD Imminent Shorts down towards 36600.0My bias for this weeks forecast is for US30 to see a temporary bearish move to the downside. As price has now slowed down, it shows that bullish pressure has now become exhausted. To add, we can see there was a clean 4hr supply which has triggered this initial bearish move.
Having observed the expected retracement and correction back up to 37500.0, I now anticipate a price decline in my POI. This expectation is based on the objective to fill in imbalances below and sweep liquidity, including the previously established equal lows. Given the current holiday season, I also anticipate price movements to be slow and choppy.
Confluences for US30 sells are as follows:
- Tapped into a 4hr supply zone that has caused CHOCH to the down side.
- Wyckoff distribution has been formed and validated via a CHOCH on the 15min.
- Imbalance left below as well as liquidity to target such as the relative equal lows.
- No reversal magnets above my POI which makes my setup more favourable for sells.
- In order for price to keep going up it must come down to tap into some sort of demand level.
- Rejection candle within our zone on the higher time frame reinforces that bullish pressure has now become exhausted.
P.S. Even though my confluences are very strong for sells at the moment, we can't disregard a possible rally which breaks this 4hr supply zone. We have to remember that price overall is still bullish so we have to be cautious when trying to enter a counter trend trade like this.
If you found this post insightful, be sure to drop a like and comment below your thoughts!!!
Probably correction is waiting for Dow JonesHello guys,
The Dow Jones recently broke through its all-time high.
My prediction is that at least for the short term, there is a correction ahead of the Dow Jones.
After correction, you can think about buying in the specified areas.
long at current prices is very very dangerous, Take care.
Dow Jones:H4According to the stock index chart, it has succeeded in breaking out of its historical ceiling. It is now breaking even to the broken level. The movement path is plotted in the chat.
📉Based on the chart: Important levels are marked
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US30USD Longs from 36600.0 back upThis week's analysis for US30 is distinctly bullish, given its aggressive surge past the all-time highs (ATHs). I believe there's further upside potential, providing traders with opportunities to explore nearby long positions for potential gains. In the provided image, I've identified three potential demand zones where I'll be looking for an accumulation.
Among the identified zones, the first is the 4-hour demand zone, situated closest to the current price. To maximise the potential for a positive bullish response, I am particularly inclined towards the areas surrounding the 11-hour or 8-hour demand zones at the bottom, deeming them as the most optimal zones.
Confluences for US30 Buys are as follows :
- Overall market trend on higher time frame as well as lower time Frame remains very bullish.
- There are no additional supply zones above that the price can respond to, only demand zones where we can anticipate another upward rally.
- So much liquidity to the downside that price has left including imbalances, asian lows, and trend lines.
- Three clear demand zones have been established in close proximity to the current price, and it is highly probable that the price will exhibit a reaction from these zones.
- Candle sticks on HTF are still very bullish carrying a lot of strong momentum which indicates buying pressure is still not yet exhausted.
P.S. Despite the robust bullish performance of US30, marked by its attainment of all-time highs (ATHs), it wouldn't be unexpected for the price to initiate a bearish trend. This expectation is rooted in the substantial liquidity and imbalances that remain below. However, considering the absence of a significant CHOCH to the downside, I maintain a strong bullish stance on the market at present.
US30 DOW JONES Technical Analysis And Trade Idea The US30 has exhibited a strong upward movement, recently reaching a significant resistance level on both the daily and weekly charts. This video provides a detailed analysis of this trend, meticulously examining price movements and identifying possible trading opportunities by thoroughly assessing multiple timeframes, ranging from weekly to as short as 15 minutes. Anticipate an in-depth review covering price variations, market trends, trend evaluations, and crucial technical analysis components. It's crucial to emphasize that the insights shared here are purely educational and should not be interpreted as financial advice.
US30/USD Shorts from 36600.0 back down.Last week's price action exhibited significant ranging, mainly influenced by the proximity to all-time highs (ATHs). My current perspective is that US30 is actively generating liquidity, setting the stage for a bearish reaction once the daily supply is mitigated. This particular supply level holds substantial importance as it is the last on the chart, existing on a higher time frame and having broken structure to the downside. I anticipate a scenario where the price sweeps the top of the consolidation, touches my Point of Interest (POI), and subsequently descends towards the lower bounds of the consolidation and potentially even lower.
Given the post-Non-Farm Payrolls (NFP) situation, I foresee a breakout from this range, initiating a trend and providing opportunities for traders like us to capitalize on. My strategy involves patiently waiting for a Wyckoff distribution to take shape in this zone, allowing us to secure a precise entry point for our bearish positions.
Confluences for US30 Sells are as follows:
- Price is near daily supply which has caused a BOS to the downside on the higher timeframe.
- There lots of liquidity lying below in the form of EQLs, Asia Lows, and trendline liquidity.
- The bottom part of the consolidation also holds lots of liquidity so we can target as T.P levels
- Wyckoff distribution is pending and still hasn't been formed yet on lower time frame.
- NFP event has also passed so now we could possibly see the real moves play out.
- Price has been very bullish recently and now bullish pressure is getting exhausted.
- This consolidation is a great sign that price might be looking to reverse soon.
P.S. I acknowledge the possibility of the price breaking the bottom first and interacting with a demand zone, triggering a bullish rally that could eventually exhaust the supply. It highlights the importance of adaptability. I'm closely monitoring multiple potential scenarios and adjusting my approach based on the direction the price may take. This approach enables us to identify more frequent opportunities in the market.
Technical analysis for: Dow Jones( US30 ) 05 Dec 2023Technical analysis for: Dow Jones( US30 ) 05 Dec 2023
Trend : Up
Expected scenario : the technical analysis prices will keep moving up on long term but the the technical analysis saying that there is a correction to support level zone ( 35200 to 34600 ) which consider it as strong and good zone for buyers with targeting the highest historical prices at 37000 $ .