USAIND trade ideas
#Dow Jones -scenario-#us30usdAccording to the wave count, the path ahead is considered for Dow Jones
If there is a noticeable change, it will be updated
DOW JONES: Bearish Breakout with High-Probability TP Target Description:
In my latest analysis of the DOW JONES (US Wall St 30) on the 4-hour chart, I've identified a bearish breakout from a rising wedge pattern, suggesting a high probability of reaching the specified take profit levels. The market dynamics indicate further downside potential, making this an opportune moment to capitalize on the bearish trend.
Key Points:
- Current Price: $39,129.0
- Short TP Levels:
- 4H: $36,600.0
- Long TP Levels:
- 5M: $40,550.0
- 3M: $40,800.0
Analysis Insights:
1. 📉 Bearish Breakout:
- The DOW JONES has broken down from a rising wedge pattern, a bearish signal that typically leads to further downward movement. The breakdown was accompanied by significant selling pressure, indicating strong bearish sentiment.
2. 🔑 Key Levels:
- The current price action suggests potential take profit levels at $36,600.0 for short positions. Additionally, if the market retraces, there are key levels for potential long positions at $40,550.0 and $40,800.0.
Trading Strategy:
To maximize profits based on this analysis, consider the following trading strategy:
1. 📍 Entry Points:
- Short Positions: Enter short positions on confirmed breakdowns and pullbacks to the previous support level, which now acts as resistance.
- Long Positions: If the market shows signs of a bullish reversal or retracement, consider entering long positions at $40,550.0 and $40,800.0.
2. 🚨 Set Stop-Loss Orders:
- Short Positions: Place stop-loss orders just above the recent high or the nearest resistance level to manage risk.
- Long Positions: Place stop-loss orders just below the entry levels to protect against unexpected market reversals.
3. 🎯 Take Profit Targets:
- For short positions, target the specified short TP level of $36,600.0 to lock in profits as the price continues to drop.
- For long positions, monitor the price action closely around $40,550.0 and $40,800.0 for potential profit-taking opportunities.
4. 📏 Position Sizing:
- Use appropriate position sizing to manage risk, ensuring no single trade risks more than 1-2% of your total trading capital.
5. 📊 Monitor Technical Indicators:
- Utilize technical indicators such as the Stochastic RSI to confirm entry and exit points. These indicators will help gauge momentum and potential reversal points.
6. ⚖️ Risk Management:
- Employ trailing stop-loss orders to protect your gains as the price moves in your favor. Regularly review and adjust your stop-loss levels to ensure an optimal risk-reward balance.
By following this strategy, traders can effectively capitalize on the bearish breakout in the DOW JONES market, ensuring the best profit results while managing risk. Stay vigilant and ready to adapt as the market evolves.
#DowJones #US30 #Trading #TechnicalAnalysis #StockMarket #TradingStrategy #MarketUpdate #TradingView 📉💼
US30 Will Move Higher! Buy!
Please, check our technical outlook for US30.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 39,292.10.
The above observations make me that the market will inevitably achieve 40,213.21 level.
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.
Like and subscribe and comment my ideas if you enjoy them!
Check the trend It is expected that a consolidation will be formed above the current support range and then a continuation of the upward trend will be formed.
Otherwise, the downward trend is likely to continue
US30 longHello traders, I believe that US30 is due for some buy orders to be filled. Here's why;
On the weekly timeframe, price broke below a major liquidity region at 40,000 and has not retested the region. Price might collect orders at 39,215 before it retests 40,000
On the daily timeframe, there is an M formation. There are a lot of orders that have been filled at 39,320. Price may collect orders from that region before going to retest 39,875.
It is a Monday morning, hence I am waiting for the market to get a sense of where it is headed to before I do anything.
Potential bullish rise?Dow Jones (US30) is reacting off the pivot which has been identified as pullback support and could rise to the 1st resistance which acts as an overlap resistance.
Pivot: 39,444.43
1st Support: 38,973.24
1st Resistance: 40,213.21
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
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Dow to test critical supportsHi Guys,
The Dow has sold off so far today and is heading towards possible support areas.
The first blue box is the low of the daily support as well as the 100dma ( red line). Given the current downward momentum I think we might get much support here and if we break through there then the 200dma (purple line) and next support cluster ( lower blue box) will be an area where we may see a bounce from. There is a bat harmonic pattern developing with excellent fib ratios that has entry around that zone. Also the important AVWAP black line) taken from the low made in October may act as support around that zone.
Ensure proper risk management before even thinking of placing any trades at the moment.
(The 200dma is not actually on the chart but its sitting around 38100 level as of this writing.)
Safe Trading all.
DOW SHORT RE-ENTRY 41200 SL & TP ON CHARTRe-entering DOW short as explained on the last entry I was cautious of the DXY crashing through 104.00 and going for a liquidity sweep of 103.800 level & it done exactly that, which invalidated the last entry... not a problem as simply gives me a more premium price for second entry as bias remains the same...the market is overcooked in general I can see dollar strength bleeding the market for the coming weeks. This is my bias, I may be wrong but my pnl says i'm usually right.
I'm a funded trader who trades prop capital so I stick to 0.5%-1% risk per trade
Using 1% risk on this looking to make 5r back
DJIA - Gartley, Trend Continuation & A Cool RSI ClueHere on the DOW we have a completed bullish gartley pattern which doubles as a complex pullback in a bigger trend continuation move.
In this video I'll walk you through the harmonic pattern setup and also show you a pretty cool clue that the RSI is leaving us.
Please leave me any questions or comments that you have below!
Akil
Earnings, Fed Outlook Lift Wall Street Pre-Bell; Asia,Europe Off Technical Analysis: US30
Current Outlook: The price reached its resistance line which is 41055 and then stabilized under it, today will consolidate between 41055 and 40650 till breaking
Bullish Scenario: To initiate an uptrend, the price must break above 41055, potentially reaching 41360.
Bearish Scenario: As long as the price remains below 41055, it indicates a continued downtrend towards 40650.
Key Levels:
- Pivot Line: 40980
- Resistance Levels: 41055, 41185, 41,360
- Support Levels: 40650, 40420, 40100
Today's Expected Trading Range: The price is anticipated to fluctuate between the support level at 40650 and the resistance level at 41,055.
Dow Jones 30 Continues to See Volatility*Introduction
The Dow Jones 30 initially did rally last week, but then turned around to show signs of massive
pressure after the jobs number came out much lower than anticipated
After all, expectation on the jobs number was somewhere in the neighborhood of 165,000 jobs
added last month and got eventually a number of 114,000 added
So obviously that’s a huge miss. With that being the case, the forecast for this coming week is
to gain within a situation where trading will continue to look at this area of interest as an
important indication to trade on
*Take Profits | Midterm forecast
40090.92
39270.30
38464.67
37723.36
37136.10
36322.45
35724.18
*Technical analysis
A peak is formed in daily chart at 41259.40 on 07/31/2024, so more losses to support(s)
39270.30, 38464.67, 37723.36 and minimum to Major Support (37136.10) is expected
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against
more gains. Relative strength index (RSI) is 44
*The labels that are used are ment to draft and measure context to the price action involved
and contain no rules-engaged notebook + applied-set up indicators,
but an avoiding interference to use other rules-engaged software to enhance in general,
regarding to the watchlist and trade plan that is relevant to trade-on
*Key indicators on Trade Set Up in general;
1. Push Set Up
2. Range Set Up
3. Break & Retest Set Up
*Active Sessions on Relevant Range & Elemented Probabilities;
- Asian(Ranging) - London(Upwards) - NYC(Downwards)
- Weekend Crypto Session
Levels of the week.Now we can expect price around this levels. Cot happened now expect lower levels.
Might 38.5k. lets see.
For 25 years, indices have followed the action preceding 1929.Here's a sequence of unlikely seeming coincidences showing how eeirily similar the action over the last 25 years has been the action before the Great Depression.
The 1920s Market Crashes
In the 1920s, there were two significant market crashes, each around 50%. By drawing a Fibonacci extension from the low of the first crash to the high of the second, we see that the top of the roaring 20s and the entry into the Great Depression aligned with a spike out of the 423% Fibonacci level. The market initially reacted to this level, spiking above it and then reversing.
Modern Times Comparison
If we apply the same analysis to the DJI, drawing a Fibonacci extension from the low of the 2000 crash to the high in 2007, we observe a similar pattern in modern times. The DJI is currently spiking above this level, mirroring the behavior seen during the 1920s.
Historical Rally and Current Trends
From the base of the 1920s rally to the peak before the crash, the DJI rose by an impressive 500%. Currently, the DJI is 540% above the 2009 low, showing a similar pattern of significant growth.
Trend Stability and False Crashes
The DJI trend was steady until it reached about 300% above its previous low, at which point it experienced false crashes before skyrocketing to a final high. This pattern is also evident in the current DJI, where instability began in 2018 around the 300% mark above the 2009 low.
Topping Extensions
In the 1920s, drawing a Fibonacci extension from the low to the high before the big false crash revealed that the high was a 2.61 extension. The same pattern appears in the 2019 rally.
Projected Downside Levels
The 1929 crash began with a 50% drop, followed by a 40% rally to retest the break level. If the DJI today experienced a similar 40% drop, it would likely see a significant rally to retest the break level. This historical comparison provides a framework for anticipating future market movements and potential recovery scenarios.
Full Downtrend Extensions
In the Great Depression, the DJI fell to the 61% Fibonacci retracement level from the previous crash low to the all-time high. Today's DJI would likely exhibit similar behavior if a major downturn occurred, providing a historical basis for forecasting potential market lows during significant downtrends.
Final Extensions
The drop in the DJI during the Great Depression would go to the 3.20 Fibonacci level. This would spike under the lows of the previous crashes that the mighty rally had come out of.
Were the DJI of today to make a similar extension, this would also project a low just a little under the 2009 low.
=====
That's a lot of coincidences.
DOW JONES INDEX (US30): Oversold Market & Pullback
I think that Dow Jones may pullback on Monday.
The Index became heavily oversold after the release
of US unemployment data on Friday.
The price formed a double bottom pattern on an hourly time frame
and violated its neckline.
I suppose that the price may bounce to 39800
❤️Please, support my work with like, thank you!❤️
Dow jones hit a perfect bullish setup . I’m thinking new highDow hit a perfect bullish setup on a harmonic pattern. I’m still thinking new high on its way.
US30 Bullish LongTitle: Long US30 (Dow Jones Industrial Average) Based on 1-Hour Bullish Divergence
Trade Setup:
- Asset: US30 (Dow Jones Industrial Average)
- Timeframe: 1-hour
- Entry: Buy at the close of a bullish candlestick pattern confirming divergence
- Stop-Loss: Below the recent swing low on the 1-hour chart
- Take-Profit: Based on key resistance levels or a 1:2 risk-reward ratio
Analysis:
- Bullish divergence confirmed on the 1-hour timeframe
- Volume supports potential bullish reversal
Trade Plan:
- Enter long position on 1-hour bullish confirmation
- Set stop-loss below recent 1-hour swing low
- Take profit at key resistance levels or using a 1:2 risk-reward ratio
- Risk 1-2% of trading capital
This trade plan aligns with technical analysis and provides a structured approach to capitalizing on the potential bullish reversal in US30.
Do you think we might see a fall in the US30?
By closing a one-hour candle below the entry point (orange line), we can see a drop.
I think the target points can be much more than these. We will move forward together step by step.
If you like my analysis, follow me
US30 -Futures Plunge Amid Economic Worries; Jobs Report in Focus Futures Decline Sharply Amid Economic Concerns; Focus on Jobs Report
Technical Analysis: US30
Current Outlook: The US30 index has dropped approximately 2.50% from the previously noted resistance level of 41,055. Today's trading is expected to be highly sensitive and volatile due to the impending jobs data release.
Bullish Scenario: For an uptrend to commence, the price must stabilize above 40,060, potentially advancing to 40,420.
Bearish Scenario: Should the price remain below 40,060, the bearish trend is likely to continue towards 39,790 and further down to 39,410.
Key Levels:
- Pivot Line: 40,060
- Resistance Levels: 40,260, 40,420, 40,650
- Support Levels: 39,790, 39,580, 39,410
Today's Expected Trading Range: The price is anticipated to fluctuate between the support at 39,410 and the resistance at 40,420.
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Futures Decline Sharply Amid Economic Concerns; Focus on Jobs Report
Futures experienced a significant decline on Friday following disappointing forecasts from Amazon and Intel, which intensified concerns about the health of the U.S. economy. Investors are now keenly awaiting a crucial jobs report for insights into the labor market's condition.
All attention will be on the nonfarm payrolls reading at 8:30 a.m. ET, which is expected to provide further indications of a potential easing in the U.S. labor market. According to LSEG, the data is projected to show an increase of 175,000 jobs in July, following an addition of 206,000 jobs in June.
Previous idea:
US30 Push Up! ( LONGS ) US30 mighty reversal
Us30 is at a KEY level. Us 30 has to make a choice here. Rate cuts coming, lets see if we can get out push back up to all time highs.
Short before buying in againLooks like we are going to make a correction to the downside. Have 5 waves up so needs to go down. Also nice bearish div in the rsi. Looking for a buy around the 0.5 fib.
