forward to the topAfter hitting the floor, it's time to move towards the ceiling of the channel, so you have to take a buying position after the waves rise
DJI trade ideas
Technical Analysis of Dow Jones Industrial Average Index - 1H 1. Trend Identification
The price action is currently within a range-bound consolidation phase (highlighted by the blue box), oscillating between 42,600 - 42,800.
A volume profile analysis reveals a strong point of control (POC) at 42,639.47, indicating a key level where most volume has been traded.
There are two potential future scenarios illustrated by the bullish (blue) and bearish (red) channels.
2. Key Support & Resistance Levels
Support Levels:
42,600 (POC & previous demand zone)
42,200 (lower bound of projected bearish channel)
Resistance Levels:
42,800 (current upper range resistance)
43,200 - 43,600 (upper bound of the bullish channel)
3. Chart Patterns & Volume Analysis
Volume Analysis:
The last 60-bar volume comparison shows a slight bullish bias (Up Vol > Down Vol by 1.97%), but the price remains indecisive.
A breakout of the 42,800 resistance or 42,600 support with a volume surge would confirm the next trend direction.
Possible Patterns:
Bearish Scenario: Breakdown below 42,600 may lead to a decline towards 42,200.
Bullish Scenario: Breakout above 42,800 can drive the price to 43,200 - 43,600.
Trade Setups & Risk Management
🔵 Bullish Trade Setup (Breakout Play)
Entry: Above 42,820, upon a confirmed breakout with volume.
Stop-Loss: 42,600 (below POC).
Take-Profit Targets: 43,200, then 43,600 (upper channel).
Risk-Reward Ratio: 1:3
🔴 Bearish Trade Setup (Breakdown Play)
Entry: Below 42,580, upon breakdown with volume.
Stop-Loss: 42,800 (above POC).
Take-Profit Targets: 42,400, then 42,200 (lower channel).
Risk-Reward Ratio: 1:2.5
Analysis on Dow Jones: Much better than NASDAQDear All
unlike nasdaq which is really bearish,
DJ is still in the sideway stage
Best of luck
TraderPP
US30 Trading Strategy That’s Been Proven to WorkThis strategy is backtested over trades and works best during the New York session (9:30 AM - 12 PM EST).
Here’s how it works:
Step 1: Identify Key Levels
These are the support & resistance areas where institutions place big orders.
Look for previous highs, lows,
Step 2: Wait for a Liquidity Grab
Banks love to trick retail traders by creating fake breakouts.
We wait for price to break a key level, trap traders, then reverse.
Step 3: Enter on Confirmation
Once we see a liquidity grab, we wait for a strong rejection candle (pin bar, engulfing, etc.).
Entry is placed at the close of the confirmation candle.
Step 4: Set Stop Loss & Take Profit
Stop loss: Just beyond the liquidity grab.
Take profit: At least 2x the stop loss distance for a 1:2 risk-reward ratio.
possibility of uptrendIt is expected that after some fluctuation and correction, a trend change will form and we will see the beginning of the upward trend. If the previous low is broken, the continuation of the downward trend is likely.
$US30 03/03 UPDATES.Busted out last time trying to short.
Pinpoint spotting on $43,496.52 mentioned on Friday.
Handle to watch here.
$44,134/180.
Stops by default automatically sits at $44,500
Until we get some closures that can confirm to tighten things up…
Rejections will send this thing straight into $43k which was the initial goal with lower end potentials of $42,500s.
LFG 🏦
Bull To ResumeFriday's action saw a solid rally and pivot, fuelled by shorts covering.
Expect a rally from Friday's low to continue for a few weeks at least, a possible ascending triangle in the making, any breach of Friday's low would suggest the top is in and a bear market in the making.
Gold was hammered last week, that is good news for those eager to buy either leveraged positions or the physical.
We are in a wave 5 up, only wave 1 up just completed, wave two down can find support around the 2790-2800 area, forget about the 3000 level, that's the mainstream narrative..look upwards to 3300-3500!
Australian prices have hardly moved, still $4600, we expect $10,000 at some point, a target dismissed by many a few years ago.
Appreciate a thumbs up, good trading and God Bless you all!
US30FU- Small sell opportunities setting upHello,
Another easy future to trade on Trade Nation is the US30FU. US30FU is the ticker symbol for the "Wall Street 30 - Rolling Future," which is essentially a futures contract tracking the performance of the Dow Jones Industrial Average (often abbreviated as "US30"). In other words, it's a derivative instrument that lets traders speculate on or hedge against movements in the US stock market index.
The chart above shows that the future is forming a corrective pattern (Expanding triangle). This provides us with a clear trade direction both when the price is coming down or going up. From the current point, look for sell positions to the trendline at the bottom. We shall then look for buy positions to the top again. Zero crossover on the MACD will confirm the small sell setup. You can have your stop loss above the previous top.
Good luck & happy trading
A POSSIBLE SELL SET UP ON US 30Hey, Traders, be aware that US30 has broken support and is in a downtrend. A retest of the trend line could offer a favorable sell opportunity.
Dow long term uptrend intact The Dow (US30) index price action sentiment appears bullish, supported by the longer-term prevailing uptrend. However, since reaching an all-time high on 04th December 2024 the Dow index price action is consolidating in a sideways trading range.
The key trading level is at 42980, the previous consolidation zone and the rising support trendline. A corrective pullback from the current levels and a bullish bounce back from the 42980 level could target the upside resistance at 43800 followed by the 44080 and 44540 levels over the longer timeframe.
Alternatively, a confirmed loss of 42980 support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 42520 support level followed by 41820 (200 Day Moving Average).
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
US30| BEARISH PRESSURE HOLDS AS MARKET AWAITS BREAKOUT DECISIONHi
US30 TECHNICAL ANALYSIS
The market is currently consolidating within a tight range, as seen in the red-circled area, reflecting indecision between buyers and sellers. This phase typically precedes a breakout, and given the prevailing descending channel, the likelihood of a bearish move remains strong. The inability to push beyond the resistance zone reinforces the expectation of further downside movement.
A break below 43,360 would signal the start of the next leg down, opening the path toward 42,730. If selling pressure persists, the price is expected to continue its decline, targeting 42,292. A more significant drop could bring the market to the lower boundary of the support zone around 41,755. The overall structure suggests that as long as the price remains contained within the descending channel, bearish momentum will dominate.
For a bullish shift, the price must break above the descending channel and hold above the resistance zone. A confirmed breakout beyond 44,090 and sustained movement above 44,470 would indicate a trend reversal.
DOW JONES Cup and Handle completed and eyes a new ATH.Dow Jones (DJIA) has been trading within a Channel Up since the October 2022 market bottom of the Inflation Crisis. Inside this pattern, four Cup and Handle (C&H) formations have occurred with the most recent one, about to complete its Handle this week.
All such C&H patterns, rebounded to at least the 1.382 Fibonacci extension before the next pull-back. As a result, our Target before May remains 46400.
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Looking for long term BUYS on US30We have 2 time frames in sync which is the Weekly and Daily, just waiting for 4HR to shift structure and go bullish
US30 - Dropped and still running, Impact US Tariffs on EU!US30 Analysis & Market Impact – February 27, 2025
the price dropped about 400 pip as we mentioned in the previous idea . and still running to get 43212.
📉 Bearish Momentum Continues Below Pivot Zone
US30 remains in a bearish phase after failing to reclaim the pivot zone (43,763 - 44,404).
🔍 Technical Outlook:
🔻 Bearish Scenario:
If US30 continues to stabilize below 43590 and 43,763, the next target will be 43,212 as the first support level.
A break and 4H candle close below 43,212 will further extend the downside toward 42,769 and 42,588.
🔹 Bullish Recovery:
For buyers to regain control, US30 must close a 4H candle above 43,763, pushing the price back into the pivot range.
A sustained move above 44,404 would shift momentum towards 44,756.
🌍 Market Sentiment & Trade Impact:
Investor sentiment remains fragile following Trump’s tariff announcement on the EU by 25%, which has increased downside pressure on US indices.
📌 Key Levels to Watch:
Resistance: 43765 | 43900| 44200
Pivot: 43590
Support: 43212 | 42770 | 42590
⚠️ Directional Bias: Bearish as long as US30 remains below 43,763. A break below 43,212 would accelerate downside momentum. However, geopolitical factors and market reaction to tariffs could increase volatility.
DOW JONES SELLOn the last day of January, the price on the monthly chart picked up liquidity above the November and December peaks.
On the daily chart, the price does not break through the last peak, because of the range in which it is visible that buyers are losing strength and sellers are taking over. This week, buyers are making their last attempt and after that the price is making a second bearish candle in the range in which the price is, I expect the price to fall in the coming days/weeks. The first take profit zone will be the last daily demand zone. For a more precise entry, we can use the H4 chart and wait the pullback of move that started on Friday.
US30 Short IdeaPrice action should go above to rest above the liquidity and take it to go back all the way down to daily support zone
US30 shortsThe daily market is in a downtrend on the 4-hour timeframe. We have an equal high, with confirmation on the 15-minute timeframe indicating a continuation to the downside
US30 Will Go Up! Buy!
Take a look at our analysis for US30.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 43,381.39.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 43,680.64 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Like and subscribe and comment my ideas if you enjoy them!
Dow Jones , daily time frame Dow Jones Industrial Average (US30) – Daily Chart Analysis (Feb 28, 2025)
1. Market Structure & Trend Analysis
Recent Downtrend: The price is in a corrective phase after reaching new highs.
Key Support at 41,739: This level has acted as a strong support in the past, making it crucial for price action.
Trendline Support: Below 41,739, there is a rising trendline that aligns around 40,500 - 41,000, which could act as the next demand zone.
2. RSI & Momentum Analysis
RSI at 38.70: The market is approaching oversold conditions, indicating possible exhaustion of selling pressure.
Bearish Momentum: The RSI is still trending lower, meaning further downside movement is possible before a bounce.
3. Key Levels to Watch
Resistance:
43,300 (Current price level, where rejection could occur)
44,000 - 44,500 (Stronger resistance if price reverses upward)
Support:
41,739 (Major horizontal support)
40,500 - 41,000 (Trendline support zone)
4. Potential Trade Scenarios
📉 Bearish Scenario (Higher Probability)
If price fails to hold 41,739, expect further downside toward the 40,500 - 41,000 zone.
Short Setup:
Entry: Below 41,700
Stop-loss: Above 42,000
Target: 40,500 - 41,000
📈 Bullish Scenario (Lower Probability)
If price finds support at 41,739 and RSI starts reversing, a bounce back toward 43,000 - 44,000 is possible.
Long Setup:
Entry: Above 41,800
Stop-loss: Below 41,500
Target: 43,000 - 44,000
5. Conclusion & Strategy
Short-term bias: Bearish towards 41,739, with a possibility of dropping to 40,500.
Trade idea: Monitor for a break or bounce at 41,739, as it will dictate the next big move.
Risk management: Watch for fake breakouts and confirm trends with volume before entering trades.
It is possible to get a good profit with this position Be prepared to catch the last descending wave to the bottom pivot range
US30-trend reversalUS30 is changing is trend as it has made a bullish reversal pattren triple bottom with bullish divergence on a good retracment of 0.5%.
buy and sellIt is possible to get a good profit with this position and the market will get out of the range
