Bullish pullback The indice might retest the established highs, after bouncing back up from the support structure. However, the indice may continue it's downward trajectory if it fails to continue upwards and also by stabilising below 41,886.
DJI trade ideas
US30 BEARISHUS30 continuous its beaeish trend in h1
printing HH & HL
NO sign for reversal
good to sell
US30 (Dow Jones industrial average) Daily At this current stage of retracement, we saw price slipping lower towards low of month/ higher high that broke structure to the upside📈. Look carefully, we have a few key factors that will influence our market as this is nfp week as well. For all we know, price remains bullish overal on weekly and daily TF📈. We have 📉bearish internal structure which could be aligned with a weekly setup before nfp.
Look at our blue/green Fibonacci retracement tool:
- price has formed swing high & swing low
- Price is at discount zone asour market is worth FWB:42K at current market price and is expensive to buy more assets to fuel a bigger trend.
- we have a POINT of interest around price GETTEX:41K
This exact zone is at a weekly demand zone that has an inducement LTF zone (current demand price is reacting to). It is also an unmitigated demand zone on daily timeframe.
This is no trading signal but you can find a good entry on 4H timeframe respecting our bearish internal structure
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US30 (Dow Jones industrial average) Daily At this current stage of retracement, we saw price slipping lower towards low of month/ higher high that broke structure to the upside📈. Look carefully, we have a few key factors that will influence our market as this is nfp week as well. For all we know, price remains bullish overal on weekly and daily TF📈. We have 📉bearish internal structure which could be aligned with a weekly setup before nfp.
Look at our blue/green Fibonacci retracement tool:
- price has formed swing high & swing low
- Price is at discount zone asour market is worth FWB:42K at current market price and is expensive to buy more assets to fuel a bigger trend.
- we have a POINT of interest around price GETTEX:41K
This exact zone is at a weekly demand zone that has an inducement LTF zone (current demand price is reacting to). It is also an unmitigated demand zone on daily timeframe.
This is no trading signal but you can find a good entry on 4H timeframe respecting our bearish internal structure
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US30 BUY ANALYSIS US30 BUY ANALYSIS
Technical Analysis:
1. Ascending Channel:
• The price is trading within a well-defined ascending channel. The current position of the price is at the lower boundary of the channel, which typically acts as a strong support zone.
• Buying near the lower trendline is a strategic move, as the expectation is for the price to move back up towards the upper boundary of the channel, following the trend.
2. Support and Risk Management:
• The lower channel boundary aligns with a previous key support level, increasing the probability of a bounce. This provides a favorable risk-to-reward ratio, with a clear stop-loss below the channel.
• The trade setup targets a move to the upper channel boundary, offering a potential upside while keeping risks managed.
3. Bullish Momentum:
• The overall structure remains bullish, with the price making higher highs and higher lows within the channel. This indicates that the broader uptrend is intact, making a buy position at support more attractive.
Conclusion:
The decision to buy US30 here is based on the current position within the ascending channel, taking advantage of the support provided by the lower trendline and targeting a potential move back towards the channel’s upper boundary for profitable opportunities.
DOW JONES - Short from bearish OB !! Hello traders!
‼️ This is my perspective on DOW JONES.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. My point of interest is imbalance filled + rejection from OB.
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Dowjones- us30 forcast Dow jones is negative, we may see alittle retracement upword and down trend continue .
Target in analysis .
Gold Rush Knocks Dow Jones Industrial Average Off Its FeetGold as a value asset continues to shine brightly, having reached a new all-time high near $2,600 on Monday, September 16, marking the 30th all-time high for gold prices this year, 2024.
It is also noteworthy that the Dow Jones Industrial Average (DJI) to gold (XAUUSD) ratio is gravitating to ever lower values, while the time-tested indicator of a U.S. recession, based on the US labor market behavior signaling that one is imminent.
Thanks to @chinmaysk1 and its full of worth open source script Recession And Bull Run Warning, that I truly believe is one of the best over many.
Dj short trade update Hi trades I sent this analysis the day we have NFP it start by going all the way up n come to hit the target this week,soo am going to predict another buys from were it is now which I won't mention exactly the price but am seeing 41800 n 41900 as buying points but am not advicing anyone to take the trades unless they have their own confirmations,trading is risky n you might loose all your capitals take responsibility into your hands and don't blame anyone for looses but yourselfs thank you and I wish you all profitable week coming ahead.
US30 SELL ANALYSIS RISNING WEDGE PATTERNHello trader, What do you think about US30? Here on US30 price form rising wedge pattern so as line 42618.4 has broken so is likely to fall more so trader should go for SHORT with expected profit target of 41285.6 and 40083.4 . Remember to like and share your thoughts in the comment!
US30 potential Sell setupReasons for bearish bias:
- Price gave HL breakout
- Price gave breakout of rising trendline
- Bearish divergence
Here are the recommended trading levels:
EP(CMP): 42500.6
SL: 43434.8
TP: 41566.4
US30: Critical Consolidation with Potential BreakoutUS30 Technical Analysis
The price is attempting to stabilize within the bullish zone by holding above 42,450.
Currently, the market is expected to consolidate between 42,590 and 42,450 until a breakout occurs. A 1-hour candle close below 42,450 would reinforce bearish momentum, targeting 42,230 and potentially 41,960. Conversely, sustained stability above 42,590 would favor a bullish push toward 42,770 and 42,910.
Key Levels:
Pivot Point: 42580
Resistance Levels: 42770, 42910, 43050
Support Levels: 42450, 42250, 41990
Trend Outlook:
- Bearish By stability below 42450
- Bullish by stability above 42590
previous idea:
Dow Jones (DJI) Primed for a Bullish Move – Fresh Long Entry!DOW JONES INDUSTRIAL (DJI) Technical Analysis:
In the 15-minute timeframe, Dow Jones Industrial (DJI) has signaled a fresh long trade entry at 42,406.00 with potential upside movement, supported by the break above the Risological dotted trendline.
Key Levels:
Entry: 42,406.00
Stop Loss (SL): 42,294.50
Target 1 (TP1): 42,543.81
Target 2 (TP2): 42,766.81
Target 3 (TP3): 42,989.81
Target 4 (TP4): 43,127.63
Observations:
The price has gained bullish momentum, with a clean break above the Risological trendline.
If momentum sustains, this trade could see all targets successfully hit.
A solid long trade entry is in play for DJI, with upside potential. The Risological dotted trendline serves as strong support, and if buyers maintain control, higher targets are likely to be reached.
Us30 like bullish short termIn the bullish scenario, we anticipate a potential reversal if the price rebounds from the 42,300 level, signaling a shift in market momentum. Should the price break lower, a continuation of the bearish trend is likely. It’s crucial to note that today's key news events are expected to heighten market volatility, with a high probability of bearish pressure emerging around the 42,700 to 42,800 resistance zone.
shorti usually don't trade on fridays so i will monitor this Dow jones it seems like it might fall for at least 1%
Potential bullish rise?DJ30 is reacting off the support level which is an overlap support that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 42,451.35
Why we like it:
There is an overlap support level that aligns with the 61.8% Fibonacci retracement.
Stop loss: 42,118.34
Why we like it:
There is a pullback support level that is slightly below the 78.6% Fibonacci retracement.
Take profit: 42,790.14
Why we like it:
There is a pullback resistance level that aligns with the 50% Fibonacci retracement.
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Potential bullish rise?US30 is reacting off the pivot and could reverse to the pullback resistance level which aligns with the 50% Fibonacci retracement.
Pivot: 42,387.94
1st Support: 42,084.97
1st Resistance: 42,759.06
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The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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DOW JONES: testing the 4H MA200 and is expected to rebound.Dow Jones is on a neutral 1D technical outlook (RSI = 48.958, MACD = 306.300, ADX = 31.951) as the Channel Up pulled back to almost test the 4H MA200 for the first time since the September 11th Low. This is basically the top of the support zone of the Channel Up and based on the 1D RSI, a strong buy candidate. We turn bullish, aiming at the 1.5 Fibonacci extension (TP = 43,900).
See how our prior idea has worked out:
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DOW JONES (DJI) Slides Through TP1 & TP2! Eyes Set on TP3 & TP4!Technical Analysis:
On the 15-minute timeframe, the Dow Jones (DJI) short trade has already successfully hit TP1 and TP2, confirming strong downward momentum. Price continues to trade below the Risological dotted trendline, suggesting that the bearish trend is likely to continue.
Key Levels:
Entry: 42,997.92
Stop Loss (SL): 43,161.50
Target 1 (TP1): 42,795.74 (Done)
Target 2 (TP2): 42,468.58 (Done)
Target 3 (TP3): 42,141.42 (Pending)
Target 4 (TP4): 41,939.24 (Pending)
Observations:
After breaking below the Risological dotted trendline, the Dow Jones showed significant selling pressure.
Price continues to respect the downward trendline, supporting the case for further declines toward the remaining targets.
With TP1 and TP2 already hit, the Dow Jones looks primed to move towards TP3 and TP4. Traders should continue to monitor the bearish momentum as the setup points toward more downside potential.
US30 likely bearishThe short-term trend for US30 remains bearish unless there is a strong reversal signal. The indicators (RSI, MACD, and ADX) all point towards continued selling pressure.
The 42220 is a support level. If it breaks, the price could continue towards lower levels. On the upside, a breakout above 42700 would be required to indicate a possible reversal.
The Dow Jones Might Recover From Its LossesAfter the significant price losses, a recovery in the Dow is expected on the last two trading days of this week.
The price target lies between the 38.2% and 50% retracement of the entire downward movement, which is a conservative choice.
