US30 Shorts BLACKBULL:US30 over all price is bearish, as it formed equal lows on that support we're gonna see bulls for short space of time. Then right after we'll see an impulsive move to the downside. Hense NFP direction has now been predicted.
DJI trade ideas
forecast for US30"I’m currently observing a potential bullish entry on the US30 before considering a short position. There are several fair value gaps (FVGs) and order blocks that need to be retested before confirming a bearish move. This is my most straightforward and analytical interpretation of the current market conditions."
Feel free to adjust if needed!
Bearish Outlook Continues Ahead of NFP and U.S Jobs Data ReleaseNFP, Unemployment Rate, and Average Hourly Wage Data Set for Release Today
The price declined by approximately 550 points, as highlighted in our previous analysis.
From a technical standpoint, today's outlook remains bearish, supported by the positive U.S. jobs data. The price is projected to reach 40,470 and 40,320, with a potential break below 40,320 paving the way toward 40,000. Alternatively, if the price stabilizes above 40,470, it may consolidate between 40,470 and 40,800.
These economic reports are expected to significantly influence Dow Jones market movements.
Key Levels:
Pivot Point: 40620
Resistance Levels: 40700, 40800, 41030
Support Levels: 40470, 40320, 40000
Expected Trading Range: 40700 - 40000
Trend: Bearish while under 40630.
DOW JONES correction to extend until the Fed.Dow Jones (DJI) did what we expected of it 3 weeks ago (August 13, see chart below) and after pricing a Higher Low at the bottom of the 5-month Channel Up, it rebounded and reached the All Time High (ATH), pricing a Higher High:
In continuation of that analysis, we now expect the new Bearish Leg to extend to possibly as low as the 0.618 Fibonacci retracement level, which was the case with the May 30 pull-back.
The 1D RSI suggests that a 35.00 value would be ideal to signal a buy (same as May 30, see how both RSI fractals priced the top on the 70.00 overbought limit), while a Bullish Cross on the 1D MACD would be the final confirmation of the buy.
Our long-term Target remains 42400 (+11.00% from the Higher Low, the same % rise as the July 18 High).
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Dow Jones - ShortWhile DJI generally looking bullish trading in an ascending channel, the momentum price reacted at the upper band of the channel and retraced lower. Following a second consecutive session lower, a further continuation lower is anticipated with the middle level of the channel at 4,250 to be a reasonable target price for a price reaction. For the long term, bullish sentiment remains intact, though for such scenario a bullish reversal indication is needed.
Does the middle level hold and bounce the price back higher or the lower level of the channel is ahead?
Us30 analysisAs you can see we have a kind of double top followed by a CHoCH, a broken trendline and a clear divergence in TSI indicator.
I think this area has its potential to set a sell order.
Please consider the risk management.
Goodluck.
Downward trend It is expected that the downward trend will move according to the specified path and after meeting the resistance range, the continuation of the downward trend will be formed.
US30 Daily Technical AnalysisIt's a simple trading analysis. If this help your daily bias then I'm glad :) Don't forget your risk management. GBU!!
London / New York Session Recap - UK100, OIL [L], US30, NAS100UK100 Weekly Breakout Continuation Setup
OIL Trend Retracement Setup
US30 Trend Retracement Setup
NAS100 Fakeout Setup
US30 Outlook💹 Indices:
👁️ Outlook:
US30 has been breaking down into the 200ema
Context time frame (5hr): I would like to see price show strength above the 10ema and 50ema before looking for longs.
Validation Time Frame (30m): Price is below the 10/50/200 and is breaking into new lows.
Neutral on US30 until it shows strength in the same direction both on 5hr and 30m time frame.
US30/ DOW JONES US30 is forming A flat pattern, and the price might reverse and go north with a bullish momentum from the point of Fibo extension 2.61%
The pattern is canceled if price goes beyond 3.14 Fibo extension , as shown in the chart.
US30 - OUTLOOKFew weeks ago, I expected dollar to star making some recovery. And we can now se this impact on the stocks market.
Slow bleed, but we will get there, my ideal next target is 39200 for US30.
"May fortune attend thee, and thy trade prosper." .......L2Earned"
SELL ENTRY ON US30 THIS MORNING ! PROFITS !Using price action i entered this trade by waiting for price to break back below previous level of resistance. i than waited for a pullback to the same level and enterd my sell at 9am in the morning .
DJI with or without bounce.. lower targets looks okay !DJI with or without bounce.. lower targets looks okay !
Very much sure Bout 40280-40060
There are some chances that it may reach 38700-37400-36400, but with my limited knowledge it's not worth to consider those levels as of now.
In short.. sell on rise or keep selling on breakdowns.
US30 , Today 09/05/2024 Strategy - Sell Or Buy ?!Strategy Overview:
In this chart of the US30 (Dow Jones Industrial Average Index), the price action is forming a rising channel within the 15-minute timeframe. The trendlines highlighted suggest potential buy and sell zones based on the interactions with these lines.
Key Elements:
Trendline Structure:
Buy Side: The lower trendline is acting as dynamic support. Each time the price touches this line, there's a buying opportunity, which has resulted in several bullish movements in the past.
Sell Side: The upper trendline represents resistance. When the price approaches this area, it faces selling pressure.
Trading Strategy:
Buying Strategy: A buy trade can be initiated if the price retraces back to the Buy Side trendline (around 40,937), with a stop loss placed just below this support line. The target would be a movement toward the upper Sell Side trendline (near 41,043).
Selling Strategy: A sell trade can be considered when the price reaches or slightly breaks through the Sell Side trendline. A stop loss can be placed above this level, with a target back down towards the Buy Side.
Confirmation with RSI:
The RSI indicator shows both overbought and oversold conditions frequently, which complements the trendline strategy. Currently, RSI is around neutral, meaning there’s potential for either direction depending on where the price moves next within the channel.
Conclusion:
This strategy uses both support and resistance levels created by the rising channel to define entry and exit points for buy and sell positions. The interaction of the price with these trendlines, along with RSI confirmation, provides a clear framework for making trading decisions in this timeframe.
DOW JONES continues to fall?Considering the support in the range of 40796, after the failure of this area, we can expect this index to fall to the range of 40548 and in case of strength, 40050. Otherwise, after breaking the resistance in the range of 41135, we can expect to climb up to the range of 41433 and 41611.
US30: First green dayHi 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, first green day signal potentially is a sign of bullish move, I will be waiting for a 3 session setup dump and pump in the day itself, after all the news. All the trades will be taken after 10am NYT.
Short: secondary, although the signal day, I can't exclude a scalp setup back into the LOW, retesting the area for the main trade on tomorrow.
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 / 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.
Weekly Forex Outlook Sun.Sept.1.2024 - Fri.Sept.6.2024Like and Comments would be appreciated :D Not Financial Advice, Just my outlook/opinion
US30 SELL ANALYSIS SIGNAL RISING FALL BREAKOUTHere on Us30 price has made a rising fall and have form a resistance line along area of 41136.4 so there is high chance of falling since the rising fall pattern has broken so going for SHORT is needed and targeting profit should be around 39505.4 . Use money management
us30 buy opportunity technical analysis us30 buy opportunity technical analysis. trend and trade pattern
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
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.
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