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DOW JONES CRASH TO 37,781.0Upon today's Fundamentals @ 14:30 (09:30 NY TIME) we should expect the fundamentals to push prices higher to 38,898. Then we should get a rejection around that price zone to push further down to 37,781.0 our Initial Major profit target is 37,781.0 for This month of August Should the profit target price (37,781.0) not be reached by Aug it will definitely be reached by September. If The market continues to crash lower by September / End of October we should have reached 36,486.9.
CAPITALCOM:US30Short
by ENTRY_MAGNETS
US30 / Futures Waver on Anxiety Ahead of Jobs DataFutures Waver on Anxiety Ahead of Jobs Data Current Outlook: The price is expected to consolidate between 38,790 and 38,580 until a breakout occurs. Bullish Scenario: For a bullish trend to emerge, the price needs to stabilize above 38,790 and close a 4-hour candle above this level. Bearish Scenario: If the price drops to touch 38,580, it should break this level to continue the bearish trend towards 38,400 and 38,050. Key Levels: - Pivot Line: 38770 - Resistance Levels: 39050, 39250, 39410 - Support Levels: 38580, 38400, 38050 Today's Expected Trading Range: The price is anticipated to fluctuate between the support at 38,580 and the resistance at 39,050. Tendency: Downward
OANDA:US30USDShort
by SroshMayi
Us30 bullish outlook amidst DXY weakness the us30 is currently exhibiting a bullish trend on daily timeframe. Notably, on the 4h chart, the index is forming a double bottom pattern, indicating a potential reversal. the market has reached a significant support level for the second time, and we are anticipating further rejection signals before confirming long positions. this bullish outlook is further supported by the observed weakness in the dxy, which historically has an inverse relationship with the us30, adding confidence to our bullish bias. Key points: -daily timeframe: clear bullish trend. -4h chart: formation of double bottoms. -support level: reached for the second time, waiting for rejection confirmations. -DXY influence: weakness in the DXY supports the bullish outlook for the us30.
PEPPERSTONE:US30Long
by Lordemerson
US30 shortsHere is why; Daily Price broke below the region of 39100. There have been two retests. This is as of Tuesday and Wednesday Wednesday's candlestick engulfed Tuesday's candlestick to the downside. The next noticeable zone 38,500 but I expect price to go even lower. 4 hour Price has formed a massive 3 pin pattern formation which has broken below 38,865 (this is a minor region where orders were collected). I expect a retest of this region before price continues going lower.
FX:US30Short
by kingmwenja
US30 - 4H DowJones is in a pullbackThe Dow Jones Industrial Average (DJIA) is currently facing significant bearish pressure, as indicated by recent market trends and technical analysis. The support trend line has broken, leading to a notable drop in the index. This break, coupled with a clear pullback, presents an opportune moment for traders to consider short positions with a logical stop loss. From a fundamental perspective, the rising rate of unemployment and the postponement of interest rate cuts are increasing the chances of a recession. These economic indicators suggest that the market could experience further declines as investors react to the potential economic downturn.
CAPITALCOM:US30Short
by Sober_Trading
Rally base drop set-up out lookUs30 Looking at selling opportunities upon the retest of the daily supply zone formed at 41 115, we are trading in our 2nd wave/retracement phase towards the mentioned supply zone. This zone has to be visited within 30 days and price must not close above it. Closing above this zone will invalidate our setup. We will be targeting the recently formed swing low at 38 408. It must be noted that we do have a technical zone which is looked at by most retail traders as a break and retest zone at 39 886. We will monitor price action at this zone for any reversal patterns targeting the swing low mentioned. This is as drop base drop setup and the zone on top is a rally base drop set up which has a higher success rate when trading supply and demand setups. We do have an inner 4hr/1h Supply zone at this area which increases our probability for a profitable trade.
OANDA:US30USD
by cpointfx
DOW JONES Is a new rally starting right under our nose again?Consistent with our macro approach to investing (particularly with stocks), we continue to address the recent stock market correction by examining similar behavioural patterns of the past. It was 10 months ago (October 11 2023, see chart below), when Dow Jones (DJI) was under another short-term turmoil phase that turned out to be exactly that, short-term: As you can see on that chart, while most were panic selling, we addressed the idea that Dow was "starting a new Bull rally under our nose". And as you can see, the index did exactly that, as it rebounded at the bottom (Higher Lows trend-line) of the Rising Wedge, starting a new +23% rally. Our basis for this projection was the similar Rising Wedge pattern of September 2015 - November 2016 (almost 1 year), which after a fake-out for the week hands (green circle) on January 2016 (as it was on October 2022), it rebounded in October 2016 at the bottom of the Wedge and posted a +19% rally. You can see that so far the lows are highly symmetrical as the first was priced in the month of October (2016 then and 2023 now) and the next in April (2017 and 2024 respectively). The initial rally that broke above the Rising Wedge in 2017, had a small upward extension that then gave a new pull-back for an August 2017. If symmetry continues to dictate the price action, then the current August Low (2024), may be our new bottom as Aug 2017 was. On the past fractal, the new rally was concluded on a +30.72% rise. As a result, we see it highly possible to get a new long-term peak early next year (January 2025 if symmetry continues) at around 49000. High as this Target may seem at the moment with the current economic slowdown fears, these are the standard conditions that make rallies start "under our nose".. Especially as November's U.S. elections are approaching. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DJILong
by TradingShot
US30 Neutral today but expecting price to head upwards longtermI believe that there is no clear cut setup for US30 at the moment. A daily closure would give the best signal for what it is going to happen. However, I believe that price will go upwards long term. Here is why; - Price broke below 40,000 which is a massive weekly region with a lot of bearish momentum. - Price has not retested 40,000 and I believe we will see a retest in the near future. - Price went as low as 38,500 where we can see that is the region where most of the bullish orders were filled. 39,000 is also a notable region where orders were filled. - As of this morning, price is trapped between 39,100 and 38,500. Until I get a full daily closure above 39,100 then I will know whether to buy or sit on my hands. My thesis as of now is that there is no clear bias to jump on today and that it is best for me to sit on my hands as I wait for price to make a comprehensive decision. I will update if there are any changes during the day.
FX:US30
by kingmwenja