DJI Pair : DJI - Dow Jones
Description :
Completed " 1234 " Impulsive Waves
Break of Structure
RSI - Divergence
Exp FIAT as an Corrective Pattern in Short Time Frame
Fibonacci Level - 38.20%
US30 trade ideas
US30 ( BREAKOUT ASCENDING CHANNEL ) (1D)US30
HELLO TRADERS
Tendency, the price is under down ward pressure, until trade below 40,025 .
Upward zone : In order to see an increase, the price needs to break the turning level at 40,025 , to reach resistance levels (1) at 41,219 , then as it stabilizes on the turning level we may see new resistance zones around 42.549 and 43,658 .
Downward zone: Provided until the prices trade below the turning level, it indicates a reach of the support level (1) at 39,071, then breaking this level with a 1d or 4h open candle below is likely to reach the support level (2) at 38,099 .
Corrective level :Price may make a correction before dropping .
TARGET LEVEL :
RESISTANCE LEVEL : 41,219 , 42,549 , 43,658 .
SUPPORT LEVEL : 39,071 , 38,099 .
Dow Jones (US30) Outlook ICT ConceptsDow Jones Industrial Average (US30) Analysis
💰 Welcome to Your Channel!
Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on US30, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains.
💡 Previous Analysis Review:
In the previous analysis, we expected the price to expand lower after the Market Structure Shift (MSS), which occurred as anticipated.
📍 Current Market Overview:
The current price is around 38,643.10. The Dow Jones Industrial Average (US30) has swept both the Previous Month Low (PML) and Previous Week Low (PWL), which are significant liquidity levels. The price is currently within a 4H Fair Value Gap (FVG), marked by a line on the chart.
🔍 Identifying Key Levels:
• PMH: Previous Month High
• PWH: Previous Week High
• PWL: Previous Week Low
• PML: Previous Month Low
• BSL: Buy-Side Liquidity
• SSL: Sell-Side Liquidity
• 4H FVG: 4-Hour Fair Value Gap
• MSS: Market Structure Shift
📊 Key Considerations:
• Swept PML & PWL: The price has swept the Previous Month Low and Previous Week Low, indicating the potential for a reversal or at least a short-term expansion higher.
• Inside 4H FVG: The price is within the 4H FVG, which could serve as a support zone for a possible expansion higher.
• Reaction to Bearish FVGs: The key to the next movement lies in how the price reacts to the two bearish FVGs above.
📈 Bullish Scenario:
Given the current price action and key considerations, a bullish scenario is possible if the following conditions are met:
• Support from 4H FVG: The 4H FVG provides support, and the price begins to expand higher.
• Reaction to Bearish FVGs: Watch the reaction to the bearish FVGs above; if the price can break through these, it would confirm the bullish bias.
📉 Bearish Scenario:
A bearish scenario should be considered if the following conditions are met:
• Sweep of Lower Time Frame BSL: On lower time frames, we need to see buy-side liquidity levels swept before considering short positions.
• Target Lower Objectives: After the sweep of lower time frame BSL, the price could target lower objectives such as the SSL (Sell-Side Liquidity) marked below on the chart.
📊 Chart Analysis Summary:
• Bullish Expectation: The price is in a key area after sweeping PML and PWL, and being inside the 4H FVG. We can expect a possible expansion higher from here, especially if the price holds within the 4H FVG and breaks through the bearish FVGs above.
• Bearish Expectation: For a bearish scenario, wait for lower time frame buy-side liquidity to be swept, followed by a reversal to target lower levels like the SSL below.
Conclusion:
The Dow Jones Industrial Average is at a critical juncture after sweeping key liquidity levels and entering a 4H FVG. The next move depends largely on the reaction to the bearish FVGs above. A bullish scenario would see an expansion higher if the 4H FVG holds and the price breaks through the bearish FVGs. A bearish scenario would require a sweep of lower time frame BSL and then a move lower to target SSL and other lower objectives.
🙏 Thank you for joining us!
Exploring US30 today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning!
⚠️ Disclaimer
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
DOW JONES CRASH TO 37,781.0Upon today's Fundamentals @ 14:30 (09:30 NY TIME) we should expect the fundamentals to push prices higher to 38,898. Then we should get a rejection around that price zone to push further down to 37,781.0 our Initial Major profit target is 37,781.0 for This month of August Should the profit target price (37,781.0) not be reached by Aug it will definitely be reached by September.
If The market continues to crash lower by September / End of October we should have reached
36,486.9.
US30 / Futures Waver on Anxiety Ahead of Jobs DataFutures Waver on Anxiety Ahead of Jobs Data
Current Outlook:
The price is expected to consolidate between 38,790 and 38,580 until a breakout occurs.
Bullish Scenario:
For a bullish trend to emerge, the price needs to stabilize above 38,790 and close a 4-hour candle above this level.
Bearish Scenario:
If the price drops to touch 38,580, it should break this level to continue the bearish trend towards 38,400 and 38,050.
Key Levels:
- Pivot Line: 38770
- Resistance Levels: 39050, 39250, 39410
- Support Levels: 38580, 38400, 38050
Today's Expected Trading Range:
The price is anticipated to fluctuate between the support at 38,580 and the resistance at 39,050.
Tendency: Downward
US30 ContinuationLooks like a breakout from a bearish flag. We can scalp the bullish retest and sell on the trend line around 39000
Us30 bullish outlook amidst DXY weakness the us30 is currently exhibiting a bullish trend on daily timeframe. Notably, on the 4h chart, the index is forming a double bottom pattern, indicating a potential reversal. the market has reached a significant support level for the second time, and we are anticipating further rejection signals before confirming long positions. this bullish outlook is further supported by the observed weakness in the dxy, which historically has an inverse relationship with the us30, adding confidence to our bullish bias.
Key points:
-daily timeframe: clear bullish trend.
-4h chart: formation of double bottoms.
-support level: reached for the second time, waiting for rejection confirmations.
-DXY influence: weakness in the DXY supports the bullish outlook for the us30.
US30 shortsHere is why;
Daily
Price broke below the region of 39100. There have been two retests. This is as of Tuesday and Wednesday
Wednesday's candlestick engulfed Tuesday's candlestick to the downside. The next noticeable zone 38,500 but I expect price to go even lower.
4 hour
Price has formed a massive 3 pin pattern formation which has broken below 38,865 (this is a minor region where orders were collected). I expect a retest of this region before price continues going lower.
US30This what I see on US30, my prediction is that it will go down to grab liquidity then that's when we might see a bullish movement reaching for the Daily Fair Value Gap. For Entries we will wait for smaller time frame confirmation....
US30 Bears stepping in this week Bullish inducement just came in enticing most to be bulls but the Big players have already started being bears so by the end of the week, am hoping to see the currency drop at @37,300 to mitigate the rest of the liquidity lying at that level so expect the bears to be very active as we close the week, but again in forex market nothing is certain its a game of being patient and following the trend.
safe sell @38,600 moderate traders take profit @37,500
US30 wallstreet forecastthe wallstreet bullish pattern confirmed
a touch on our psychological buying opportunities , and consecutive of HH & HL builds a high probable setup as we broke out of our previous supplying market. stay tune and we
US30 - 4H DowJones is in a pullbackThe Dow Jones Industrial Average (DJIA) is currently facing significant bearish pressure, as indicated by recent market trends and technical analysis. The support trend line has broken, leading to a notable drop in the index. This break, coupled with a clear pullback, presents an opportune moment for traders to consider short positions with a logical stop loss.
From a fundamental perspective, the rising rate of unemployment and the postponement of interest rate cuts are increasing the chances of a recession. These economic indicators suggest that the market could experience further declines as investors react to the potential economic downturn.
Rally base drop set-up out lookUs30
Looking at selling opportunities upon the retest of the daily supply zone formed at 41 115, we are trading in our 2nd wave/retracement phase towards the mentioned supply zone. This zone has to be visited within 30 days and price must not close above it. Closing above this zone will invalidate our setup. We will be targeting the recently formed swing low at 38 408. It must be noted that we do have a technical zone which is looked at by most retail traders as a break and retest zone at 39 886. We will monitor price action at this zone for any reversal patterns targeting the swing low mentioned.
This is as drop base drop setup and the zone on top is a rally base drop set up which has a higher success rate when trading supply and demand setups. We do have an inner 4hr/1h Supply zone at this area which increases our probability for a profitable trade.
DOW JONES Is a new rally starting right under our nose again?Consistent with our macro approach to investing (particularly with stocks), we continue to address the recent stock market correction by examining similar behavioural patterns of the past.
It was 10 months ago (October 11 2023, see chart below), when Dow Jones (DJI) was under another short-term turmoil phase that turned out to be exactly that, short-term:
As you can see on that chart, while most were panic selling, we addressed the idea that Dow was "starting a new Bull rally under our nose". And as you can see, the index did exactly that, as it rebounded at the bottom (Higher Lows trend-line) of the Rising Wedge, starting a new +23% rally.
Our basis for this projection was the similar Rising Wedge pattern of September 2015 - November 2016 (almost 1 year), which after a fake-out for the week hands (green circle) on January 2016 (as it was on October 2022), it rebounded in October 2016 at the bottom of the Wedge and posted a +19% rally.
You can see that so far the lows are highly symmetrical as the first was priced in the month of October (2016 then and 2023 now) and the next in April (2017 and 2024 respectively).
The initial rally that broke above the Rising Wedge in 2017, had a small upward extension that then gave a new pull-back for an August 2017. If symmetry continues to dictate the price action, then the current August Low (2024), may be our new bottom as Aug 2017 was.
On the past fractal, the new rally was concluded on a +30.72% rise. As a result, we see it highly possible to get a new long-term peak early next year (January 2025 if symmetry continues) at around 49000.
High as this Target may seem at the moment with the current economic slowdown fears, these are the standard conditions that make rallies start "under our nose".. Especially as November's U.S. elections are approaching.
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US30 - DOW JONES - SHORT POSITION Due to the consolidation area at 39 450, we could see possible short opportunities for the US30. Should this be in favour, a sell will continue to levels 38 400. We've also seen a slower upward momentum. Confirmation was given on the Fib Retracement tool at level 0.618
CAPITALCOM:US100 CAPITALCOM:US100 BLACKBULL:US30
US30 SellsUS30. We can look to sell in this area, with monarch pattern forming. A double top on H1 can also be used as sell reference.
US30 3 Possible reaction levels possible short to long
I have 2 demand zones marked out as well as a possible London Supply
Confirmation is key
Is This the Beginning of a Major Downtrend? SELL OPPORTUNITYIf you are looking at this chart it is evident that your eyes are showing you that the US30 has been on an upward trend for quite some time. So is this the beginning of a downtrend???
US30 Neutral today but expecting price to head upwards longtermI believe that there is no clear cut setup for US30 at the moment. A daily closure would give the best signal for what it is going to happen.
However, I believe that price will go upwards long term.
Here is why;
- Price broke below 40,000 which is a massive weekly region with a lot of bearish momentum.
- Price has not retested 40,000 and I believe we will see a retest in the near future.
- Price went as low as 38,500 where we can see that is the region where most of the bullish orders were filled. 39,000 is also a notable region where orders were filled.
- As of this morning, price is trapped between 39,100 and 38,500. Until I get a full daily closure above 39,100 then I will know whether to buy or sit on my hands.
My thesis as of now is that there is no clear bias to jump on today and that it is best for me to sit on my hands as I wait for price to make a comprehensive decision. I will update if there are any changes during the day.
