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US30 trade ideas

US30 / Bearish Bias Below 41,030 Amid Key Economic Data ReleasesADP, Unemployment rate, and ISM figures are set to be released today. The price followed a bullish trend yesterday but has since corrected to the resistance at 41,030. A sustained position below 41,030 will reinforce the bearish trend, potentially driving the price towards 40,800 and 40,480. Conversely, a 4-hour candle close above 41,030 would signal a continuation of the bullish trend, with targets at 41,180 and 41,345. These economic reports are likely to have a significant impact on market movements. Key Levels: Pivot Point: 41,030 Resistance Levels: 41180, 41345, 41550 Support Levels: 40810, 40690, 40470 Expected Trading Range: 41180 - 40690 Trend: Bearish while below 41030.
OANDA:US30USDShort
by SroshMayi
US30/DOW30 - Preparing stageTeam, we are preparing to short US30 once the price set up confirm at 41035-50. However if the price continue to pass the above price 41150 then we need to review again. Please do not enter yet. We would prefer to trade during US marketing opening. if it go according to our plan, Short will be place around 41035-50, with stop loss at 41232.40 TARGET 1 - 40898.40 TARGET 2 - 40603.10 TARGET 3 - 40297.70 We will update once we are in the market, please check our update comment below the chart. Thank you
PEPPERSTONE:US30Short
by ActiveTraderRoom
1
Heading into 61.8% Fibonacci resistance?DJ30 is rising towards the resistance level which is a pullback resistance that lines up with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 41,280.14 Why we like it: There is a pullback resistance level that aligns with the 61.8% Fibonacci retracement. Stop loss: 41,624.76 Why we like it: There is a pullback resistance level. Take profit: 40,605.92 Why we like it: There is a pullback support level that aligns with the 138.2% Fibonacci extension. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
DShort
by VantageMarkets
US30 shortsHere is why: - I believe that US30 is due for a very strong uptrend in the near future. However, orders are not enough to take the pair to all time highs. - Hence, we saw the rush of downward momentum. - There is a bearish setup on the 4 hour timeframe and the targets are 40,583 - I am currently looking to sell the pair, but I have to wait for more confluence. - The best possible scenario, is if price tests 40,950 before I look to sell the pair to 40,580 - Another scenario I would sell the pair is if it forms a setup at 40,790 during the new york session. - For now, I sit on my hands as I wait for the pair to give me more confluence to sell.
FX:US30Short
by kingmwenja
Dow Jones Record Prices are coming...Dow Jones Breaks to New Closing Record as Tech Pullback Drags Nasdaq into Loss As long as trades above 41345 means will continue the bullish trend toward 41550 and 41800. Closing 4h candle under 41345 means there will be a bearish trend toward 41180 and 41030 Key Levels: Pivot Line: 41365 Resistance Levels: 41550, 41720, 41880 Support Levels: 41180, 41030, 40800 Expected Trading Range Today: The price will likely fluctuate between support at 41180 and resistance at 41550. Trend: Bullish trend as long as trades above 41345.
OANDA:US30USD
by SroshMayi
1
US30 / Correction to 41345 then bullish trend...Dow Jones Still trades in the bullish zone As long as it trades above 41345 it will continue the bullish trend toward 41550 and 41800, especially after their retest on Friday. Closing 4h candle under 41345 means there will be a bearish trend toward 41180 and 41030 Key Levels: Pivot Line: 41550 Resistance Levels: 41720, 41880, 42020 Support Levels: 41345, 41180, 41030 Expected Trading Range Today: The price will likely fluctuate between support at 41180 and resistance at 41880. Trend: Bearish correction till 41345
OANDA:US30USD
by SroshMayi
Dow Jones Industrial Average Near Major ResistanceThe Dow Jones Industrial Average (DJI) is nearing major Fibonacci resistance. When measuring large percentage gains, its more appropriate to compare growth rates. Within Elliott – Motive waves there’s usually a Fibonacci relationship between the first and fifth waves. Primary wave had a growth rate of 74% multiplied by the Fibonacci ratio of .618 equals 45.73%. Adding 45.73% growth to the Primary wave bottom of 28,660.94 targets 41,767.58 for the peak of Primary wave . This target could be achieved on 09/03/24 or 09/04/24.
TVC:DJIShort
by markrivest