Heading into 78.6% Fibonacci resistance?Dow Jones (US30) is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support which is an overlap support.
Pivot: 44,343.65
1st Support: 43,729.99
1st Resistance: 44,765.65
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US30 trade ideas
US30 D1 | Falling from Fibo Confluence Based on the D1 chart, the price is approaching our sell entry level at 44,332.62, which aligns with a pullback resistance level and the 78.6% Fibonacci retracement and the 161.8% Fiboancci extension. This level is expected to act as a potential reversal point in the bearish setup.
Our take profit is set at 43,320.27, a pullback support.
The stop loss is placed at 45,172.32, above the previous swing high, providing room for price fluctuations while ensuring the bearish setup remains valid.
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US30The Dow Jones Industrial Average (US30) is a stock market index that tracks 30 of the largest and most established blue-chip companies in the United States. Unlike the NAS100 and SPX500, which are market-cap-weighted, the US30 is price-weighted, meaning stocks with higher prices have more influence on the index. It includes major corporations like Apple, Boeing, Goldman Sachs, and Microsoft, covering industries such as finance, technology, healthcare, and manufacturing. The US30 is considered a key indicator of economic health, often reacting to macroeconomic data, Federal Reserve policies, and geopolitical events.
US30 Key Event,Technical & Structures,Trading Scenario'sKey Events to Monitor
WEF Annual Meetings (Jan 20–24 Whole Week)
⦁Any unexpected global economic policy announcements could impact market sentiment and cause sudden volatility.
Unemployment Claims - Jan 23 (High Impact) Previous: 217K | Forecast: 220K
⦁A lower-than-expected value may signal economic strength, likely pushing US30 higher. A higher-than-expected value could lead to a downside move.
Crude Oil Inventories Previous: 2.0m
⦁Impacts energy and manufacturing sectors. A significant deviation from forecasts may cause volatility, indirectly affecting US30.
Flash Manufacturing PMI (Forecast: 49.4) Friday, Jan 24 (High Impact)
⦁Below 50 signals contraction, which could pressure US30 lower.
Flash Services PMI (Forecast: 56.8)
⦁A strong reading here can offset manufacturing weakness, supporting bullish sentiment.
Existing Home Sales
⦁Measures consumer confidence and spending; a significant miss may lead to bearish moves.
Revised UoM Consumer Sentiment (Previous: 73.2)
⦁Strong consumer sentiment is bullish for US30.
Tips for Events and Levels Interaction
⦁During Unemployment Claims and PMIs, watch for false breakouts around key levels like 43,375 and 43,700.
⦁Pay attention to consumer sentiment data: Strong data could cause a surge to resistance; weak data might lead to sell-offs.
⦁Adjust stop-losses wider during high-impact news to avoid being stopped out by volatility.
Technical Analysis: Levels and Structure
Resistance Zones
43,250 – 43,700 (Scalping/Day trading Resistance Levels)
⦁Price faced rejection at this resistance Level 43,250 after the Break above, forming a key short-term supply area.
⦁IF its holds above, More buys to next resistance @ 43700.
44,025 – 44350 (Swing Resistance Levels)
⦁A breakout above 43,700 would likely aim for this region as the next target.
Support Zones
43,250 - 43200
⦁Immediate minor support. A break below could see a test of lower levels.
43025 -42980
⦁Stronger support region where buyers might step in.
42815 - 42775
⦁Critical support to watch if selling pressure intensifies.
Trend and Indicators
⦁Short-Term Trend: Bullish after breaking out of the downtrend line, but price now shows consolidation near resistance.
⦁RSI: Approaching overbought territory, indicating potential short-term pullbacks.
Moving Averages
⦁20 & 40 MA: Positioned bullishly, signaling continued upside momentum unless the price falls below 43,015.
Trading Scenario's
Bullish Scenario
1. If price Rejects Above 43300 - 43250 - (Current Resistance that broke)
Look for bullish reversal signals.
Entry: 43315 - 43325.
StopLoss: 43200.
Targets: 43700 and then 44025.
2. If price pull back to 43025 - 42980 and reject above.
Entry: 43015 - 43025.
StopLoss: 42900.
Target: 43325 and then 43700.
Bearish Scenario
1. If price breaks below 43325 - 43250 and reject below.(Current Support after break out)
Entry: 43250 - 43225.
StopLoss: 43325.
Target: 43025 and then 42775
2. If price Price breaks 42815 - 42775 with and reject below.
Entry: 42775 - 42750
StopLoss: 42815.
Target: 42600 and then 42450 (Supply Zone).
US30 - 15 min ( Best Sell Scalping Area After Break Out ) The recent analysis of the US30 index, as provided by FXCM, indicates a bearish outlook following the breach of a significant key level on the 15-minute time frame, particularly in the 44040 area characterized by heightened trading volume. This opportunity underscores the importance of precise market analysis rather than reliance on numerical data alone, reaffirming our commitment to delivering accurate insights for informed decision-making.
⚡️US30 / FXCM
Best Break Our / Key level's 15m Tf
🚨Bearish After Break Out key level + High Volume / 44040 Area
⚡️ We Only Sent Most Accurate Opportunity and Analysis 💲 Not by Number ..+
DOW has a full Bull year ahead based on PRESIDENT'S CHEATSHEETDow Jones (DJI) has started the year on a positive note and that is anything but a coincidence. On this 1W chart you can see Dow's price action since the early 2009 bottom of the U.S. Housing Crisis.
That happened to be Obama's 1st year of Presidency. As you can see, 2009 was an incredibly bullish year with the index rising more than +60% from the year's bottom.
Four years later in 2013, which was the 1st year of Obama's 2nd term in office, Dow had again a strong year, rising by +25% (naturally the previous term was more aggressive as the market had tremendous upside potential to recover from one of the worst economic crises in history).
Moving forward again 4 years (2017), we can see yet another bullish (+35%) 1st year of Presidency, this time Trump's first term.
Biden also had his fair share of bullish 1st year of Presidency in 2021 (+23%).
The pattern is evident and shows the euphoria the market has when the U.S. President assumes his duties on his 1st year. It also shows that (excluding as mentioned 2009, which was natural to see a stronger recovery) on average it is fair to expect a price increase during the 1st year of around +25% to +30%.
In fact, the price action that led to the current 1st year of Presidency that has just started (Trump's 2nd term), is very similar to the one that preceded Obama's 2nd term (2013). Both formed a Channel Up after the 1W MA200 (orange trend-line) was tested and held. That pattern pushed the price higher until the 1st year of Presidency, that found the index on the 1W MA50 (blue trend-line). Even the 1W MACD sequences that preceded this, are similar between the two fractals.
As a result, investors have a strong reason to be bullish in 2025 and if pattern achieves the bear minimum of 2021 (+23%), we can expect to see 51000 by the end of the year.
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DOW - still room to run?This longer term count for the Dow Jones Index is suggesting that we may be in the later stages of an extending 5th wave, particularly if this index can break to new highs. There are always lots of possible EW counts for any chart but there are some areas of confluence here with the fib extensions for a possible top.
us30 We start a new year with us30 the general trend is up and the goals are very big
Please be patient
Stay calm in the buying positions and make profits with every step or invest in the medium term as the market is still up
I repeat my words the goals are medium and long term investment goals up to 48 thousand
US30 I Potential Pull Back and More Growth Welcome back! Let me know your thoughts in the comments!
** US30 Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
DOW JONES INDEX (US30): Back to Bullish Trend
US30 Index completed a bullish accumulation in a wide
horizontal sideways range on a daily.
Its resistance was broken on Friday and we see a positive
bullish reaction to that after its retest.
There is a high probability that the market will continue rising.
Next resistance - 44360
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