US WALL ST 30
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.
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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 $ .
US30/USD Longs from 36000.0 up to 36750.0US30 has followed the anticipated trajectory, and I foresee it reaching all-time highs (ATHs) very soon. However, given the recent impulsive upward movement in price, a pullback is likely imminent. This presents an opportunity for us to capitalize on, considering the presence of an 8-hour demand zone where the price could retreat to, regaining bullish momentum for another rally.
Conversely, there's also a possibility of the price surging directly into our daily supply zone, prompting a bearish reaction. While I anticipate the eventual failure of the daily supply, I can foresee price declining from that zone, providing potential selling opportunities.
Confluences for US30 Buys are as follows:
- Price has been impulsively bullish to the upside carrying lots of momentum.
- Overall trend on the higher time frame and lower time frame both show a bullish trend.
- Price left an 8hr demand zone for us to take buys from up to the ATH's
- Due to recent impulsive upward movements, a pullback in price is imminent.
- For the price to gather sufficient strength to reach all-time highs (ATHs), it must retrace back to a nearby demand zone.
P.S. As the price approaches all-time highs (ATHs), it wouldn't be surprising to witness a consolidation. In such a scenario, I anticipate a significant reaction from the daily supply, given its HTF significance. Conversely, should the price quickly exceed the latest supply zone, choosing buy positions would be a more feasible approach.
HAVE A GREAT TRADING WEEK AHEAD!
US30USD LongThe index has been having a strong bull run for the past few weeks, and I am anticipating that the run will continue.
According to the client sentiment analysis, it seems most traders are selling this index - 78%, and I am predicting that the price might move in their favor.
My entry point is 35400, TP at 35700, and SL at 35250.
My target R: R is 1:2
Note - Only risk 1% of your trading account.
DOW JONES - Resistance Becomes Support 📈Hi Traders !
The US30 Price Broke The Resistance Level (34850.00 - 35096.70).
This Resistance Level Becomes a New Support Level.
Currently,
The Price Pull Back to Important Structure !
and Now it Will Continue its Bullish Movement !
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TARGET: 35450.00🎯
US30 Longs from 35100.0 up towards 35600.0My bias for US30 is bullish, hence why we are looking forward to the nearest buy opportunity which will be the 14hr demand below. This zone has caused a BOS to the upside meaning once a correction back down is complete, it will hopefully mitigate our POI where we will be able to enter buy positions. But we must wait for our lower time frame confirmations like Wyckoff.
There's a long wick that hasn't got filled in which I see as liquidity hence why I haven't got any near by supply zones however, we can catch buys up to that (7hr supply) so we can eventually sell back down. Nevertheless, price could go lower as price has been very impulsive and it has left quite a few imbalances below. So we could see a mitigation of a cheaper zone like the 10hr.
Confluences for US30 Buys are as follows
- Overall Market trend (short term and long term) is both bullish, matching my bias.
- For price to keep going higher it must create a pull back in order to create a new leg.
- Price has CHOCH and caused several BOS to the upside confirming the trend.
- Liquidity has been swept already so there's enough momentum for price to push upwards.
- Price left a 14hr demand at a psychological level of 1990 that caused an impulsive move up.
- Pending Wyckoff accumulation to play out as price is not near my POI as of now.
P.S. I don't personally see a current near by supply to take sells from so I would rather wait for price to "show me its hands" and take it from there. In addition to this, Price is between a lot of liquidity right now and we might just see a consolidation but, we have to always remain adaptive hence why we have spoken about both scenarios that could play out.
Dow Jones Index (US30): Top-Down Analysis & Trading Plan
Dow Jones Index is consolidating on a key daily horizontal resistance.
Analysing an intraday price action, we can spot a horizontal range on a 4H.
I would suggest waiting for a breakout of the support of the range -
4H candle close below 34760 - as a solid bearish confirmation.
A bearish continuation will be expected at least to 34500 then.
Bullish violation of the resistance of the range will make the setup invalid.
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