Dow Jones Potential UpsidesHey Traders, in today's trading session we are monitoring US30 for a buying opportunity around 41500 zone, Dow Jones is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 41500 support and resistance area. Trade safe, Joe.Longby JoeChampionUpdated 5
Us30 Retrace. Since US30 took the High, now wait for the market to Retrace to an inbalance that's @ point 40.603. Then you we can start going long. Longby blxckcheffx6190
NasdaqIm short on Nasdaq around 42000 as it break its high with bearish Divergence on daily timeframe. it started to cool down near fib extension Moving in a parallel channel and can be rejected from upper channel UShortby addimasud13
US30 longHere is why: - August's monthly closure was very bullish as the candlestick has left a long wick. This shows that price had collected orders from the previous weekly liquidity regions before heading upwards. - As of right now, price has broken into all time highs, which indicates that price is going higher. The weekly targets would be 42,450. - Price is very bullish but I will have to wait for it to form a buy setup on lower timeframes before I enter into the trade.Longby kingmwenja3
US30 BUY OPPORTUNITY Buy Position on US30 (4H Chart) Upon analyzing the 4-hour chart, we are seeing significant bullish momentum across the US30 index, signaling a strong continuation of the overall uptrend that has been dominant throughout the week. The current setup presents a high-probability buying opportunity as we catch an entry from a pullback within this bullish trend. This pullback offers a favorable entry point, aligning with the momentum indicators that suggest further upside potential. The target for this position is the US30 all-time high, with the expectation that the ongoing bullish pressure will drive the price to retest these levels. With market conditions and momentum in our favor, this trade allows us to capitalize on the prevailing trend while minimizing downside risk by entering on the pullback. We will set the stop loss 120 pips from entry to manage risk, ensuring that our downside exposure is controlled while allowing the trade room to develop.Longby BluezFxTradersUpdated 225
US30 May Face Another Resistance Near 41580US30 May Face Another Resistance Near 41580 The price is testing the top of the structure near 41580 for the third time. In previous instances, the price reacted to this zone by dropping nearly 3.8%. There is a high probability that it could move down from this zone again, especially during the upcoming FOMC meeting, as shown in the chart. If the price starts to move down, support zones can be found near 41,000, 40,600, 40,200, and 40,000. 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❤️Shortby KlejdiCuni1127
Will DOW JONES break its important resistance?DOW JONES in the resistance range of 41490 After the failure of this area, expect the index to rise to the range of 42131 and in case of strength, 42536 Otherwise, and the failure of its support in the range of 40000, we can expect a drop to the range of 39278. by arongroups4
US30 / Consolidation 41565 - 41340Futures kick off Fed meeting week on a cautious note U.S. stock index futures were flat to slightly higher on Monday as caution prevailed ahead of a pivotal monetary policy decision by the Federal Reserve later in the week, with investors pricing in a steep reduction in borrowing costs. Technically: The price will touch 41565 and then by stabilizing under it, will consolidate between 4155 and 41340 till breaking However, stability above 41565 will be uptrend toward 41800, Otherwise, stability under 41340 will support falling toward 41030 Key Levels: Pivot Point: 41565 Resistance Levels: 41700, 41800, 41950 Support Levels: 41340, 41030, 40800 Trend: - Consolidation 41565 - 41340 - Uptrend above 41565 - Downtrend below 41340Shortby SroshMayi2
Dow Jones May Rise#trading_idea #dow_jones💡 #US30- Outlook US 30 is consolidating near 41,500 resistance, suggesting a potential breakout. Price is above moving averages, showing bullish momentum. Bollinger Bands hint at overbought conditions, and MACD shows mild bullishness. An ascending triangle suggests a breakout above 41,500 or a pullback to around 41,200. 🔼If the price breaks above 41,500, it may continue to rise towards the next resistance at 41,800. 🔽Alternatively, if the price is rejected at this level, it may pull back towards the support level at 41,200. 🔴 Click "👍" if you think the price will rise and "👎" if you think it will fall. ➡️GET $20,000 JUST FOR $99Longby sabiotrade3
Check the trend If the index crosses the resistance range, the upward trend will continue. Otherwise, the corrective and fluctuating trend will be possible up to the specified support rangeby STPFOREX3
Bearish reversal?US30 is rising towards the pivot which is a pullback resistance and could fall to the 1st support which acts as a pullback support. Pivot: 41,602.008 1st Support: 40,914.12 1st Resistance: 42,016.97 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: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.UShortby ICmarkets11
Dow Jones Potential UpsidesHey Traders, in today's trading session we are monitoring US30 for a buying opportunity around 41300 zone, Dow Jones is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 41300 support and resistance area. Trade safe, Joe.Longby JoeChampion1114
Weekly Forex Outlook Sun.Sept.15.2024 - Fri.Sept.20.2024Like and Comments would be appreciated :D Not Financial Advice, Just my outlook/opinion05:25by unkn0wntrad3r111
US30 View!!Adobe tumbles after forecasting Q4 earnings below estimates Boeing sells off as workers go on strike Russell 2000 small cap index outperforms, up 2.5% Indexes up: Dow 0.72%, S&P 500 0.54%, Nasdaq 0.65% Wall Street's main indexes closed higher on Friday as investors honed in on the chance of a bigger interest rate cut by the Federal Reserve next week, with rate-sensitive small cap stocks outperforming.Longby FXBANkthe80552
Possible outlook for the week US30 - 4hrFor the week ahead, the outlook for the US30 (Dow Jones Industrial Average) on the 4-hour chart appears cautiously bullish. Recent market sentiment has been driven by expectations regarding the Federal Reserve's potential interest rate cuts. Analysts suggest that the decision between a 25 or 50 basis point cut is key to the market's direction this week. Any dovish signals could support further gains for US equities, including the US30. Technically, the US30 is trading near a resistance zone around 41,500, which could trigger some consolidation or pullback if not breached convincingly. However, momentum remains strong, and further upward movement toward the 41,700-41,800 range is possible if the bullish sentiment continues. Traders are also keeping a close eye on economic data releases, especially from the US and Asia, which could influence volatility. In summary, while there is potential for upside, the market will likely be sensitive to the Fed's interest rate decision and key economic data releases throughout the week.by Chipatenii2
Short Of The Century Approaching!The past week and into this week coming should see a continuation of the rally, we know the Fed are going to cut, only because the economy is breaking. We watch the top red line, another 1% or so and that should be very close. Some are calling for an everything melt up, but remember, the Fed cuts after a raising cycle and the stock market and economy tanks. The grey shaded area on the chart, look closely, they are full of big up and down days. We know before every major turn or severe market plunge, volatility increases dramatically. Up days are lower volume than down days, the market sits at a dangerous position, akin to picking up pennies in front of a steam roller. Most believe that the market will hold up until the Punch & Judy show is over come late November, the theatre of politics is for the gullible, those who believe a so called leader will improve their world... only you can do that. Gold and silver have had another great run, expect some form of intermediate top approaching very soon, a sizeable correction coming that allows you to back up the truck again. Risk is extreme, most are blinded by the fudged economic data, only just recently the Bureau of Labor Statistics each year revises its previously reported estimates of job creation in the United States. The revision released August 21 shows that about 818,000 fewer nonfarm jobs were created from April 2023 through March 2024 from what was previously reported, sheer and deliberate manipulation to keep the fake rally alive. Whatever you believe, don't ever trust or believe in Government or politicians... the short of the century is approaching. Appreciate a thumbs up, God bless you all!Shortby Fractal777191912
US30 BULLISH-I'm looking for a retracement into a 4hr FVG or Daily FVG to form the low of the week for this coming week. - my entry would definitely be from 9:30am to 11:00am New York AM session. - looking for 1mins to 5 mins MSS for entries during my killzone Don't forget time and stop losses are crucial in this business. GOODLUCKLongby cloudy_Blank_0
DJI, Elliott wave analysis■Outlook of DJI. Outlook for DJI on the 1D chart. There have been no changes since the last update. It looks like the waves of the upper degree are forming an Expanded Flat, and the wave of the lower degree are forming a Diagonal. If this scenario is correct, Wave (b) will probably expand 1.618 times more than Wave (a). So, the target of Wave (b) will be 42,000 to 44,000. After that, the upper degree channel line (black dotted line) will reject sub-wave c and (b). When Wave (b) is complete, the trend will switch to a downtrend.Shortby EWA-tokyo1
US30USD time to sell?On the daily time frame, are we at the top of the double top? Does Friday's candle with it's long wick constitute a rejection already which means we should sell now? OR should we wait for a full on red candle before jumping in on a SELL trade? I really would appreciate all constructive comments. Shortby nelsyboy111
US30 (Dow Jones Industrial Average Index) Salam and Good day, This is only my personal opinion for educational purpose only. The chart you shared shows the US30 (Dow Jones Industrial Average Index) on a 4-hour timeframe, with trendlines and some indicators. Key Observations: Symmetrical Triangle: The chart shows a symmetrical triangle pattern, indicated by converging trendlines. The price is nearing the upper boundary of this triangle, suggesting a potential breakout. Upper resistance line around 41,600. Lower support line appears to be around 40,700. Price Position: The current price is hovering around 41,400 (slightly below the upper trendline). This indicates the price might test this upper resistance, with potential for either: A breakout if it closes above the resistance (41,600), which could lead to further upward momentum. A rejection and possible retracement toward the lower trendline around 40,700. Indicators: The MACD (Moving Average Convergence Divergence) indicator below the chart shows a mixed pattern, suggesting neutral momentum. However, a bullish crossover is possible if the green bars continue to rise. Trend: The price has followed an overall uptrend, with higher lows consistently forming, suggesting bullish strength in the broader time horizon. My Forecast: Bullish Scenario: If the price breaks above the 41,600 resistance and closes above it, the next target could be around 41,800 and higher. Bearish Scenario: if the price gets rejected at the upper trendline, it may retrace toward the lower trendline at 40,700 or even lower, testing previous support levels around 40,000. Next Steps: Watch for a decisive breakout above the 41,600 level with volume, as that would confirm upward momentum. Alternatively, if the price closes below the trendline or shows rejection at current levels, a short position targeting the lower trendline might be in play. Thanks Mustaqim Mazuky Independent Trader/InvestorLongby mustaqim.mazuky1
Running deep profits on us30We are running deep profits as I have said ....if you have entered you may safely close your goods📈📊📉📍by GOLDERNTRADER0
DowJones30 Key LineOANDA:US30USD the key line is (41430) if the candle broke the key line and open candle up to 41430 then will try to touch 41572 and again will refail and if broke resistance line then will bullish up to 41850 , and if candle open under keyline the will drop under 41150Shortby temer_duski1110
Economic growthI expected fed rate cut And if rate cut the cash flow are increase in whole world And people are increase their expenses So keep eye on 17 SeptemberLongby manjuchouhan281988116