NEW IDEA FOR DOWThe Dow Jones index, after correcting the price to the range of 41588, can rise to the resistance of the channel ceiling in the range of 43703.
WALLSTREETCFD trade ideas
US30 / LOOKS DOWN Technical Outlook:
The price has reached our previous target of 20,080 before reversing.
As long as it remains below 42,290, further declines toward 42,080 are anticipated, potentially dropping to 41,770 if 42,080 is breached.
To shift to a bullish trend, the price must stabilize above 42,450.
Key Levels:
Pivot Point: 42290
Resistance Levels: 42450, 42700, 43040
Support Levels: 42080, 41960, 41770
Trend Outlook:
Bearish as long as trades under 42290
DOW JONES Pull-back possible but maintain long-term perspectiveA little more than 2 months ago (July 25, see chart below) we argued that Dow Jones' (DJI) correction wasn't over and called for a deeper buy, setting then a long-term Target of 42400:
The Target got finally hit on Friday, giving us an excellent risk/ reward ratio on our investment. As however the price almost reached the top of the 2-year Channel Up, we have to issue a warning for a potential short-term correction.
The 1D MA50 (blue trend-line) has successfully supported on September 11 last time and won't be odd to see another re-test after almost a month. The similarities after all between the first part of the 2-year Channel Up and the second (the one we're currently in) are still noticeable and on 1D RSI terms we may be symmetrically around the November 20 2023 level.
However, we may see this time the Channel Up break to the upside for the first time after the elections. Regardless of the short-term volatility, our medium-term Target as we will be heading into December is 44500. That is the 2.5 Fibonacci extension, similar to where the April 01 High was priced.
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US30 BUY ANALYSIS DOUBLE BOTTOM PATTERN Here on Us30 price is trying to go up and made some support which form double bottom and there is a chance of moving upward if the line 42438.3 break so therefore going for LONG is needed with target profit of around 42567.5 . Use money management
US30 H4 - Short SignalUS30 H4
More exhaustion being seen here today, with the dump yesterday of 300-400 points, we are straight back into our sell zone, but we aren't trading much higher than when we started yesterday. That being said, US100 is trading higher, which throws a slight spanner in the works. As long as US30 isn't setting new highs, the DXY is trading above 100 to 101 price, we are still focussed on seeing if we can catch a downside move across stock indices.
US100 analysis to follow, but as we mentioned yesterday, we need to see the break and retest to the downside first, to give us the confirmation we desire. With US30, we could argue we already have it.
Odds Flates ON us 30 Trading US3O Odds Flats Going long, The Market made a new high at 42,500 price pull back to 41,900 at demand zone .Lookin to go long at 42,100 the n market open at 9;00 am ET.
We are are looking for a bullish engulf candle stick at these level we can set a BUY LIMIT at 42,300 TP are 42,450
US30 - Bearish Momentum Awaits Key Break Below 42290Technical Outlook:
The price must break below 42,290 to initiate a bearish trend, targeting 42,080, with a potential decline to 41,770 if further weakness persists.
Alternatively, the price may consolidate within the range of 42,290 to 42,450. A sustained break above 42,450 with a 4-hour candle close will reinforce bullish momentum, aiming for 42,810 and potentially extending to 43,040.
Key Levels:
Pivot Point: 42290
Resistance Levels: 42450, 42700, 43040
Support Levels: 42080, 41960, 41770
Trend Outlook:
Bearish by breaking 42290
Bullish by breaking 42445
US30We can attempt to buy US30 from specified level as it makes HL , also 0.618 FIB level intact indicate that it moves upward.
SL , TP mention in chart.
US30 (DowJones) - Daily Bearish SetupThe BLACKBULL:US30 index experienced a bullish spike, followed by a period of consolidation within a bullish channel. However, after a fake breakout above the upper boundary of this channel, it appears that the index could be poised for a downward correction. Based on the technical analysis, a fall toward the lower boundary of the channel is expected, providing traders with potential shorting opportunities in the near term.
Fundamentally, stock market volatility tends to rise during September, a historically weak month for stocks. This pattern is often attributed to traders returning from summer vacations, rebalancing portfolios, and increased bond offerings, which divert capital away from equities. In 2024, this volatility is further exacerbated by uncertainty around the Federal Reserve’s rate decisions and the upcoming U.S. presidential election. Investors are closely watching labor market data, inflation trends, and the Fed’s stance on potential rate cuts, all of which could impact market sentiment and drive further fluctuations in stock prices.
With the TVC:DJI at the top of the bullish channel and signs of weakness after the fake breakout, a pullback to the lower end of the channel seems likely. Traders should stay cautious and monitor key economic events and technical signals for opportunities to re-enter positions at more favorable levels.
I want to hear from you, would you prefer a timezone shift?Forex and Euro indices have been this season's treat
For those who would like to trade them too, would you prefer I shift these video updates to the morning (GMT morning?)
As there are no more live streams available on tradingview I cant speak to live markets as they are happening, and with Dow Jones its sometimes hard to confirm the turning point until after the High Frequency bots have done their crazy dance
Also, I love this game and I have a ton of valuable experience behind me. If you are someone serious about trading reach out to me and I'll help where I can
US30 Potential BuyTrade Idea: Buy US30 at 42,225
I'm looking to buy US30 around the 42,225 area due to a noticeable increase in bullish pressure. This zone appears to be a potential support level, aligning with recent price action on the 1-hour chart.
Targets:
- Target 1: 42,246
- Target 2: 42,270
- Extended Target 3: 42,290
Stop Loss:
Set a stop loss around 80-90 pips from your entry point. However, I recommend adjusting your stop loss based on your account size and risk tolerance.
Always ensure to manage your risk accordingly if you decide to enter.
This is not financial advice.
Bullish Bias On 30-We are currently at 1hr, 30min, 15min, support
- The weekly resistance of last week was broken and seems to be used as a support now
- the fvg in the 42500s area needs to be hit
US30 long let's see how this long position, go
based on the following three ideas.
1. volume is there
2. also, price is at the support zone
3. forming long pattern
US30 is in bullish trendUS30 is in continuous uptrend price has taken a correction on one hour time frame which makes it attractive for buying at current level .
DJIA H1 | Potential bullish bounce off overlap supportDJIA (US30) is trading close to an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 42,337.84 which is an overlap support that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 42,100.00 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level.
Take profit is at 42,720.14 which is a swing-high resistance at the all-time high.
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Downtrend The uptrend is expected to advance to the specified resistance levels. Then, according to the behavior of the index, there will be a possibility of changing the trend.
Dow Jones Potential UpsidesHey Traders, in today's trading session we are monitoring US30 for a buying opportunity around 42200 zone, US30 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 42200 support and resistance area.
Trade safe, Joe.
Dow Made a Parabolic Move: Did You See the Signs?
The Dow made an unsustainable Parabolic Arc that is a giant U-shaped pattern on Friday, September 27. Did you see the signs? I missed some of them, which lead to a much closer look at what price action moves lead up to a highly volatile ascent and steep drop that's also known as a "Pump and Dump".
The Parabolic move followed typical behaviors that can be seen through price action without needing any indicators. It happened in phases over 3-days, from September 25 - 27:
1. Day 1: A Peak High formed.
2. Day 1 - 2: Valley Low followed.
3. Day 2 - 3: Consolidation between the Peak High and Valley Low. Price action made stair-step moves that created a S&R Zone. Traders also refer to these moves as making multiple bases. An average number of bases is 3 - 4 during a parabolic move. The long consolidation can confuse many traders, including myself, because of no breakout from the Zone happened, especially to the downside. There was strong anticipation for a drop.
4. Day 3: A Triple Inside Day showed up to represent the tight "coiling" action from the consolidation to eventually spring out in an EXPLOSIVE move. The Triple Inside Day pattern that was part of the consolidation was a big giveaway of what's to come.
5. Day 3: A pullback from the consolidation, but was more like a fakeout to trap traders with the Trendbar Reversal, that often leads to no follow through by the bears to really drop. The second, opposing bar within the pattern is a setup for a reversal to the upside. Many traders get fooled by this pattern and drop out at this point, right before the long rally starts.
6. Day 3: Ascending Channel (also called a "Parabolic Channel") formed that is typical after a pullback to the downside before the greater ascent.
7. Day 3: Steep Vertical Ascent with a bullish bar that is 240 tics tall - an Exhaustion Phase.
8. Day 3: Reversal to the downside (that is comparable to or exceeds in length to the steep ascent) from the formation of an Evening Star. The Parabolic move ended with a steep, vertical descent.
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*Citation of Resources:
- Jet Toyco
- FX Open
- Pips 2 Profit
- Top 1 Markets
uptrend breakout good day traders, our today's analysis shows US30 and it's potential of going up for sometime. As you can see on the analysis we have an uptrend confirmed and market broke our Near term level and retested it meaning when the Market opens we might experience a buy, Use H1 for candlestick confirmation and if it gives a bullish candlestick then we will go long
Wave AnalysisThe chart shows a completed 5-wave impulse move upward (labeled 1, 2, 3, 4, 5) from the bottom in late 2022 to the current price level.
Within this larger 5-wave structure, there are smaller wave counts, particularly visible in wave 3, which is often the longest and strongest wave in an impulse move.
The analysis suggests we may be at or near the top of wave 5, which could imply a potential reversal or correction might be due soon according to Elliott Wave theory.
A simple RSI Point Of ViewAnalyzing RSI Divergence in US30: Is a Bear Market or Crash on the Horizon?
The Dow Jones Industrial Average (US30) is a key indicator for global markets. Recently, a warning sign has emerged with a divergence in the Relative Strength Index (RSI) observed from July 16, 2024, to September 27, 2024. This divergence, along with high trading volume, raises concerns about a potential market shift. Analysts are comparing this situation to past financial crises, leading to questions about a possible bear market or crash.
Understanding RSI Divergence in US30
The Relative Strength Index (RSI) measures price momentum. A bearish divergence occurs when prices make a new high but the RSI does not, indicating weakening momentum. Between July and September 2024, US30 showed this divergence: prices reached a higher high, but the RSI formed a lower high, suggesting a loss of buying strength and potential price declines. Additionally, the daily chart shows a lower high in US30 price and a higher low in the RSI, reinforcing the notion of weakening upward momentum.
Is a Bear Market or Another "Black Thursday" Looming?
The current divergence in US30, along with historical comparisons, signals warning signs. However, it remains uncertain whether this will lead to a bear market (a sustained decline of 20% or more) or a major market crash. Several factors could influence the outcome:
- Macroeconomic Conditions: High inflation, rising interest rates, and geopolitical tensions may exacerbate the divergence.
- Investor Sentiment: Panic among investors could lead to increased selling and sharper declines.
- External Shocks: Global events like financial instability or political turmoil could further destabilize the market.
Conclusion and Daily Chart Analysis
The RSI divergence in US30 from July to September 2024 is a significant development that warrants attention. The daily chart reveals weakening momentum, with a lower high in price and a higher low in the RSI, indicating a higher risk of market correction or downturn. While it is uncertain whether this will lead to a bear market or crash, traders and investors should stay alert and consider adjusting their portfolios.
This is not financial advice. Always conduct your own research and consult with a financial advisor before making investment decisions.
