US WALL ST 30
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 !
------------
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.
❤️Please, support my work with like, thank you!❤️
US30/USD Shorts down towards 34400.0 (possibly lower)From my US30 analysis we are currently approaching a key level of supply, even though we are very bullish the market requires a pull back in order to mitigate the inefficiencies left below, Hence why I am temporarily bearish this week. I see price reacting from the daily supply and dropping towards 34400.0 or even lower to more discounted zones in order for price to continue in its bullish trend upwards.
As of current price I would be waiting for a distribution to play out on the lower time frame and a clean CHOCH because we will be counter trend trading back down. As of my designated target, there is lots of imbalances as well as liquidity in the form of asian lows.
Confluences for US30 Shorts are as follows:
- Price about to tap into a daily supply zone that has caused a BOS to the downside.
- Current price has swept lots of liquidity (EQHs) and has taken out swing highs just below.
- Price is premium so it's ideal to sell from this daily supply zone that we are approaching.
- Lots of liquidity to the downside as well as imbalances that needs to get taken.
- Price has been moving bullish and requires a pull back if price wants to continue in uptrend.
- Price is slowly distributing before the mitigation of zone but pending a clean CHOCH.
P.S. we are at the top of this internal structure that has caused a huge break of structure to the downside in which price is more probable to react from. As we have entered a premium POI I would be looking at imminent sells soon as possible once my confluences are met.
US30 presents temporary sideways fluctuationHello everyone,The index price recently surrendered to the control of the sideways tilt, despite its repeated positioning within the axes of the ascending channel, to be affected by the strength of the additional barrier positioned at 35120. We note that it recently presented a weak sideways fluctuation by settling at 35000.
We would like to remind you of the importance of the stability of the support for the ascending channel extending towards 34910, so that this increases the chances of the price exceeding the previously mentioned barrier, and by achieving the required breakthrough, trading will extend directly towards 35255 and 35490. As for the price falling below the support and presenting it to a negative close, this will force it to activate the downward corrective path, so we expect it to incur many losses that may begin.
Resistance prices: 35254 & 35442 & 35699
Support prices: 34728 & 34469 & 34084
The general trend expected for today: bullish with stable support
US30 confirms the positivityHello everyone, Despite the weakness of recent trading in the index price and its fluctuation near 35050, its positioning within the axes of the ascending secondary channel shown in the attached drawing and the stability of the support represented by the level of 34728 confirms the positive continuity for the upcoming trading.
Currently, with the Stochastic indicator presenting positive momentum as it rushes towards the 80 levels, the price will be able to overcome the stable barrier at 35050, opening the door to reaching additional stations, which may start from 35245 and reach about 35442 in the medium-term trading.
Pivot Price: 35050
Resistance prices: 35254 & 35442 & 35699
Support prices: 34728 & 34469 & 34084
The general trend expected for today is bullish
US30 (Achieves goals)hello everyone,Yesterday, the index price formed a strong upward attack by exceeding the additional stable barrier at 34738 , achieving significant gains by attracting towards 34985 . We currently confirm that the price is adhering to the bullish scenario and by trying to form the 34738 level for new support. The bullish bias calls us to wait for recording new gains starting from 35254.
Also, the continued fluctuation of the Stochastic indicator within the overbought level will reduce the chances of the price forming any bearish corrective bounce before reaching the previously suggested additional target.
Pivot Price: 34738
Resistance prices: 34985 & 35254 & 35565
Support prices: 34395 & 34084 & 33688
US30 4H continues to risehello everyone,The index price continued to form upward waves in yesterday’s trading, taking advantage of the repeated stability above the 23.6% Fibonacci retracement level, centered at 34100, to constitute strong support, and we can notice that it achieved new gains by reaching about 34472 .
The price may currently be forced to provide some sideways fluctuation due to the attempt of the Stochastic indicator to break out of the overbought level. We will remain waiting for the price to succeed in gaining additional positive momentum, and then to resume the upward momentum with the aim of soon reaching towards 34776 , and by exceeding it, the intermediate trading may extend towards 34985 , to constitute the next main target for bullish trading.
Pivot Price: 34100
Resistance prices: 34472 & 34776 & 34985
Support prices: 33876 & 33640 & 33395
The general trend expected for today: bullish
Dow Jones - Important Breakout 📈Hello Traders !
On Wednesday 4 Oct, The Dow Jones Price Reached A Strong Support Level (32578.50 - 32855.30).
The Resistance Level (34145.38 - 33968.84) is Broken and Becomes a New Support Level.
The Resistance Line is Broken.
So, I Expect a Bullish Move📈.
i'm waiting for retest...
-----------
TARGET: 34850.00🎯
US30 making some additional gainshello everyone,The index price activated the positive path in Friday's trading by rushing above the 33989 level to record additional positive gains by being attracted towards the main resistance extending towards 34341 and settling below it, as is clear in the attached drawing.
Currently, and in an attempt to present the main indicators of positive momentum, we recommend waiting for the price to break through the previously mentioned resistance to confirm its move to the next positive stage, and then to start targeting new positive stations that may start from 34341, while the risk of falling below the moving average 55, which is currently positioned near 33989 , lies in the price forming strong negative waves that may It causes him to suffer significant losses by gravitating toward 33701 and 33407, respectively.
Pivot Price: 33989
Resistance prices: 34341 & 34526 & 34776
Support prices: 33701 & 33407 & 33049
The general trend expected for today: bullish if the condition is met
US30/USD Shorts from 34600.0 down towards 33800.0My bias for US30 currently is for a bit more upside in order to mitigate the 22hr supply zone or the 19hr, both are apart of a key weekly supply level. From this we will expect a sweep of the asian high as well as a consolidation before entering to show that price is slowing down and buys have now become exhausted.
We will then wait for a wyckoff distribution and a CHOCH on the lower time frame before we execute our sell positions. As price has been very impulsively bullish I am expecting a retracement for sure hence my bias.
My confluences for US30 shorts are as follows:
- Price approaching key weekly supply level that caused a CHOCH to the downside.
- There's magnets below our POI that need to be taken in the form a liquidity sweep.
- There a lot of imbalances below as well as deeper demand levels for price to mitigate.
- Price has been moving very bullish with minimal pull backs so price needs to come down.
- For price to continue in bullish trend it needs to react off a stronger level of demand.
- 22hr supply has also swept liquidity, good sign that the zone will hold.
P.S. I am overall bullish however, as we are approaching a key supply I can see a short term sells playing out in order to fill the imbalances below and mitigate a deeper level of demand. This makes sense because us as traders, we ideally want to buy from a discounted price. As of this week we do have CPI coming on Tuesday, I would personally wait after just to see how price reacts from this major news event then make my move.
Trade safe and hope you guys have a good week ahead!
US30 repeats giving a negative signalhello everyone,The index price gave a negative signal after testing the stable resistance at 34296 . We noticed that it sneaked below the moving average of 55, incurring clear losses by touching the level of approximately 33915.
We point out that the stability of the previously mentioned resistance will confirm the beginning of the effect of the downward path in the upcoming trading. We expect the price to gain additional negative momentum, starting to target new negative stations, with the 33701 level forming the first station of the downward path, reaching towards 33407, to constitute the main target for the current period’s trading.
Pivot Price: 33989
Resistance prices: 34296 & 34526 & 34776
Support prices: 33701 & 33407 & 33049
The general trend expected for today: bearish
timeframe: 4H
US30 repeatedly collides with the moving average -55 Yesterday, the index price surrendered to the control of the bearish corrective tendency by rebounding negatively While the price’s success in penetrating the resistance and holding above it will enable it to resume the upward attack, initially targeting the 34296 level, reaching towards 34526.
Pivot Price: 33989
Resistance prices: 34296 & 34526 & 34776
Support prices: 33701 & 33407 & 33049
The general expected tendency for today: neutral with the axes remaining stable
US30 4H : OUTLOOK US30
New forecast
The index price traded sideways yesterday with a strong negative rebound after touching the additional stable resistance at 34185.
Therefore we still prefer the uptrend due to the support level at the 34000 , and the upward will be remain because the moving average 50 still support the price to rise up , so to confirm the bullish trend should stable above 34185 and then will support the price to reach 34292 and extend to 34432 ,taking into account that stabilized under 34000 level will postponed the bullish trend.
The expect range trading for today it will be between the resistance line 3400 and support line 34185 until stabilized .
Additionally Today ,New York sessions will affect on the Indices .
support line : 34000, 33832
resistance line : 34185 , 34292
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
US30 4H repeats pressure on additional resistanceThe proposed scenario for nearby trading depends on the stability of the current resistance. With its stability, we expect the price to renew the downward corrective attack, thus targeting the 33989 and 33701 levels, respectively. While the price’s success in penetrating the resistance and holding above it will enable it to resume the upward attack, initially targeting the 34296 level, reaching towards 34526 .
Pivot Price: 33989
Resistance prices: 34296 & 34526 & 34776
Support prices: 33701 & 33407 & 33049
The expected general trend for today: bearish with resistance remaining intact