Watch the box going into year end Watch the box going into year end - we are testing support on bottom trend line.
US30 trade ideas
Dowjones Is Approaching The Daily TrendHey Traders, in today's trading session we are monitoring US30 for a buying opportunity around 38400 zone, US30 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 38400 support and resistance area.
Trade safe, Joe.
Dow Jones Index (US30): One More Bearish Setup
I also see a bearish trend following setup on Dow Jones.
After yesterday's selloff, the market started a correctional movement.
On an hourly time frame, the market found a resistance around 39100 level
and formed a double top on that.
I think that the Index may drop at least to 38655 level.
❤️Please, support my work with like, thank you!❤️
Less Go OMNASDAQ:OM | @MANTRA_Chain 🕉️
✔️RSI shows bullish divergence (That's when the price goes down but the RSI goes up - could mean price might go up soon!)
✔️Bitcoin is picking up and altcoins usually follow. I think NASDAQ:OM is the safest bet because it's staying strong while other coins keep dropping.
✔️80% of NASDAQ:OM is off exchanges - that's huge!
✔️90% of coins are unlocked, so no surprises from big investors selling
✔️30% of coins are staked, showing people believe in it
Bottom line: NASDAQ:OM looks ready to pop! But remember, crypto is risky - only invest what you can afford to lose.
#MANTRA #RWA #Tokenization #BullishAF
US30: Day 3 short traders in the marketHi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you!
“Trade setups, not movements”
1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion)
Monday DAY 1 Opening Range
Tuesday DAY 2 Initial Balance ✅
Wednesday DAY 3 (reset DAY 1) Mid Point Week
Thursday DAY 2
Friday DAY 3 Closing Range
2. SIGNAL DAY
First Red Day
First Green Day
3 Days Long Breakout
3 Days Short Breakout
Inside Day
3. WEEKLY TEMPLATE
Pump&Dump
Dump&Pump ✅
Frontside
Backside
4. THESIS:
Long: primary, potential signal of reversal, day 3 short traders in the market, closed yesterday out of balance (out of previous daily level). I would be interested in a long position if the market will hold the consolidation till indexes opening at 9:30am NY time.
Short: secondary, when a market is out of balance can stays out of balance, it can still blowing down in the direction of the main trend. Why Im not interested at the moment? because I let the 3 session setup to drive my main thesis, and at the moment the setup is long.
Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement.
Gianni
US30 / Global Stocks Decline as Investor Sentiment SoursStocks Drop as Early Relief Fades
Global stocks retreated on Tuesday, surrendering earlier gains as the uncertainty from the previous day's aggressive selloff weighed on investor sentiment. This occurred despite central bank officials making reassuring statements to calm the markets.
Current Outlook:
The price is trading in a critical zone, indicating potential breakout movements between 38,770 and 39,130. A decisive move in either direction is required to establish a clear trend, with a greater likelihood of a downward movement.
Bullish Scenario:
- Stability above 39,130 could signal a bullish trend, targeting 39,360 and 39,510.
Bearish Scenario:
- A bearish trend would be confirmed by stability below 38,770, with a 4-hour candle close below this level, aiming for targets of 38,380 and 37,800.
Key Levels:
- Pivot Line: 38,770
- Resistance Levels: 39,130, 39,350, 39,550
- Support Levels: 38,450, 38,100, 37,790
Today's Expected Range:
The price is anticipated to fluctuate between the support at 38,450 and the resistance at 39,130.
DOW JONES INDEX│ US30 │ 5 – 9 August 2024
- Daily timeframe
Swing structure is bullish, however price is in a corrective phase and tapped into discount, the only question remains is whether this correction will continue or if price will turnaround at this point to continue its bullish price action
• Bullish bias
- Four-hour timeframe
Focusing on the last leg of the daily internal structure, we can see that the four-hour timeframe is bearish; we however can see a fractal pullback. Will this lead to the overall trend continuation or just an internal pullback? Time will tell
• Bearish bias
- 15-minute timeframe
Zooming in on the four-hour fractal pullback, we are waiting to see if we will change character to the upside or continue bearish.
• Bearish bias
©Austin Palmer for FONOS Fx, 2024.
US30 NeutralI believe that I should sit on my hands this morning
Here is why;
We saw a lot of bearish momentum yesterday.
Price has lost its bearish momentum so far
However, price is trapped between the daily regions of 38,500 and 39,125.
US30 DailyPrice is nearing the 20-week moving average, a key support/resistance level. Historically, this MA has influenced significant reversals or trend continuations. Watch for potential bullish bounce or bearish rejection upon contact.
Crash InboundAfter what seemed eternity, stocks have topped across the board, never ending rallies, fed on nothing but hope that the Fed will cut, we repeat, the Fed does not or will not cut until the economy is in recession.
Red warnings have been here for months, volume this past week was way above average in the heavy selling. Folks are getting out of the Nasdaq hyped mania, it's not just rates that is causing the shift, geopolitical events are about to materialise into quite probably some severe market chaos or crash in the weeks and next few months.
Our idea back in June called for the "Mother Of All Shorts" to beckon, it is here now!
It is difficult to believe that 15 years have past since the last great crash, nothing but phoney debt, manipulation and downright recklessness.
But they do not care about what is unfolding, we repeat that they make it look like not their doing.
Why is gold surging to record highs?...safety and sniffing out trouble on a scale never seen is approaching.
All it will take to blowup this market is an event to blame. Whether it's the Middle East or Russia's blame, it's coming inbound fast.
The trend line has broken, perhaps we get a small bounce from here, if so, short what you can...years worth of long gains can be wiped out in a few weeks.
Get on the right side of this market or get out.
Appreciate a thumbs up, good trading and God Bless you all!
Possible set up on US30 Possible downward move from 39018 or 39225 level to 38660
Not a financial advice only for educational purpose
US30USD Weekly AnalysisThis index has been forming a rising flag pattern for the past few weeks which IMO is a strong indicator of a bearish momentum.
I do anticipate that the momentum will continue and test the market zone at 38.2 A follow-up analysis using shorter time frames will follow.
Dow Jones LongTime Frame Proximal Price Zone
6 Month Demand 34941
Qtrly Demand 37786
Month Demand 38581
Weekly 38376 38376
Daily 38359 38359
Average BUY & Strong Support 37008.6
Today Price retrace from Weekly Zone 38376
dow jones 1d low Hello, my old friends, I am going to start my work again with strength. I have set a target for you, but I advise you not to enter and watch
w.a
US30: On a potential new trendUS30: On a potential new trend
Fears of a US recession and the fact that the Fed needs to start cutting rates to support the economy are killing indices and the stock market.
The US30 broke down 39800, which is also a daily support zone now turned into resistance.
At the moment, we may see the US30 creating any correction, but overall indices have already started a downtrend and may move lower in the coming weeks.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
US30 INTRADAY TRADE STRATEGYUS30 trendline on M15 trade will be on confirmation intraday
strategy will be sell from the marked area upon confirmation on M5
if we get rejection on M5 from 39870 than expect downward move targeting swing low
if we don't get confirmation on M15 than no trade Tentative strategy will be Entry at 39950 Stop loss on swing high 100 pips
& TP at 200 to 300 pips (1:2 to 1:3) will execute the trade only when gets confirmation on M5
Note : Not an investment advice only for educational purpose
DJI, Elliott wave analysis■Outlook of DJI on 1W chart.
We are probably in sub-wave (c) of wave A.
I think the sub-waves of wave A might form an Expanded flat or Running flat.
If this scenario is correct, it will probably crash.
#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
