DJI trade ideas
Dow Jones break wedge pattern Dow jones break Wedge pattern but it still above demand zone and up trend
Demand zone between (42649.00:42773.00) if it still above this demand zone i think it will go up again to reach 43037.00 then 43350.00.
in the other side if demand zone has been broken and closed under daily candle it i think we may see correction up to 42390.00 then 41860.00.
Us Wall St 30 forecast by Elliott The potential target and timing of the third wave have been drawn using two tools: Fibonacci Extension and Fibonacci Time. According to this analysis, within the next two weeks, we can expect it to rise up to 44,000.
Falling towards 50% Fibonacci support?DJ30 is falling towards the support level which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 42,601.36
Why we like it:
There is a pullback support level that aligns with the 50% Fibonacci retracement.
Stop loss: 42,438.90
Why we like it:
There is an overlap support level that aligns with the 61.8% Fibonacci retracement.
Take profit: 43,005.50
Why we like it:
There is an overlap resistance level.
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Will the market uncertainties impair the Dow?Macro theme:
- The US30 has pulled back from record highs after a long rally, driven by rising Treasury yields and worries over high valuations.
- Investors are watching earnings from companies like Boeing (BA) and Coca-Cola (KO), which could affect market sentiment.
- With mixed economic signals and geopolitical uncertainties, short-term volatility is expected. Investors are balancing hopes for Fed rate cuts against concerns about economic growth and corporate earnings.
Technical theme:
- From the 4-hour chart, US30 broke its ascending trendline and retested EMA78 and the support level at 42720.
- If US30 breaks below 42720, the index may change the structure sideways and reach nearby support around 42390.
- On the contrary, if US30 remains above 42720, the index may consolidate within 42720-43300 until an apparent breakout occurs.
Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
The increase in corporate profits help the stock indices to riseBy examining the trend in the four-hour time frame, the Dow Jones index has the important support of the bottom of the ascending channel in the range of 42747, and if it is maintained, there is a possibility that the price will rise towards the resistance of the ceiling of the ascending channel in the range of 44893.
Dow Jones ready to break the support?it shows a good top formation on Dow Jones, exactly 161.8% external retracement, and strong daily candle close for the bearish.
So i will go with the short and stop above the top.
See you at the bottom!
CHEERRRSS!
US30 Went Exactly As We Predicted US30 never size to obey our analysis. We took and unimaginable profit from US30 today... Hold on for our signal on the next move.... Will it break the SbR or not. Stay tuned.
Dow Jones - There Is A Lot More Upside!Dow Jones ( TVC:DJI ) is just starting the next bullish impulse:
Click chart above to see the detailed analysis👆🏻
The Dow Jones is anything but bearish and over the past couple of months, value stocks in general have actually been outperforming growth stocks significantly. I do expect all time highs on basically all major indices and the Dow Jones might even head for the $50.000 mark next.
Levels to watch: $50.000, $35.000
Keep your long term vision,
Philip (BasicTrading)
DOW JONES ahead of an huge rally based on the 2017 fractal.More than a year ago (September 13 2023, see chart below), we posted a long-term fractal comparison for Dow Jones (DJI) between the 2022 - 2025 and 2015 - 2018 periods:
As you can see the 1W MA50/100 Bullish Cross eventually placed the index on a huge rally (even though it had to go lower for a month) that hit Target 1 at 42000. The 1W RSI and MACD sequences in 2024 however evolved in such a how that we have to re-adjust the patterns in order to fit the 2017 price action.
The charts now display very symmetric fractals and it appears that we are now on a short-term consolidation (circle) after a +50% rise from the September 2022 bottom. In November 2017, that was the final consolidation before the most aggressive rally of the Bull Cycle that made Dow top and then pull back to test its 1W MA50 (blue trend-line).
As a result, we move our final target even higher at 49300, which represents a +71% rise from the 2022 bottom, similar to the rise that priced the January 2018 High.
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US30- bias long Bullish indications:
Major support respected.
Bullish engulfer candle from support.
Bullish divergence.
Resistance broken at 42820
Expecting a retracement at 42791
Trend line resistance is broken.
pair moved upwards above the MA
Trade plan bias long @ 42796
SL:42703
TP1:42878
TP2:42950
US30 a posibile bullish reversalThe chart analysis suggests that the US30 is at a critical phase, with the price testing an important support zone. The possibilities at this point are:
Probable Bearish Continuation: If the support at 42,700 fails, a continuation of the bearish movement is very likely, with targets toward 42,500 and 42,350.
Short-term Rebound: If the price manages to hold the current support and break through the dynamic resistance, a rebound toward 43,037 and 43,280 could occur, although this option requires a significant increase in buying pressure.
US30 -Futures dip ahead of earnings-packed weekFutures dip ahead of earnings-packed week
US30 Technical Analysis
The price has recently reached a new high, and to confirm a continuation of the bullish trend, it must stabilize above 43,350, potentially targeting 43,630.
However, if the price closes a 4-hour candle below 43,215, this would suggest a bearish reversal, with the next target being 42,920.
Key Levels:
Pivot Point: 43215
Resistance Levels: 43450, 43650, 43870
Support Levels: 43025, 42820, 42450
Trend Outlook:
- Consolidation 43350 - 43215
- Bearish By stability below 43215
- Bullish by stability above 43350
Second Entry for US30 BuyGuys keep holding second entry and close when it gets to the first entry... You can hold some with BREAKEVEN.
Enjoy mighty profit
22-10 ProbelegUS30 10/22: US stock index futures fell Tuesday as a bond selloff pushed up Treasury yields, putting pressure on interest-rate-sensitive stocks as investors waited for a flurry of corporate earnings to provide clearer market direction. We initiated a sell at 42.77 but will not extend this any further for a while. The trend change is too early for a definitive adjustment.
Dow Jones index probabilitiesThe possibility of a fall in American economic indices in the long term is painful, but in the short term, investors will inject liquidity into the indices and there is a possibility of an increase again.
DJIA H4 | Potential bullish reversalDJIA (US30) is falling towards a swing-low support and could potentially bounce off this level to climb higher.
Buy entry is at 42,779.36 which is a swing-low support that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 42,320.30 which is a level that lies underneath an overlap support and the 23.6% and 61.8% Fibonacci retracement levels.
Take profit is at 43,369.56 which is a swing-high resistance at the all-time high.
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Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
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DJI- Correction to 40k zone?Since mid-September, the Dow Jones Industrial Average ( TVC:DJI ) has resumed its upward trend, reaching new all-time highs.
This recent rally reflects investor optimism and strong market momentum.
However, despite this bullish movement, the rise appears to be contained within a rising wedge pattern, which can often indicate a potential reversal or the weakening of an uptrend.
For traders and investors, a key confirmation of this potential correction would be a decisive drop below the 42,500-42,700 support zone. If the Dow30 breaks below this critical level, it could trigger a larger sell-off, possibly pushing the index down toward the 40,000 level—a significant psychological and technical support zone.
While it’s still too early to confirm whether this correction will take place, it’s important to keep an eye on the price action around the 42,500-42,700 range.
If the index fails to hold this zone, it could mark the end of the recent uptrend and the start of a broader market pullback.
In summary, while the Dow30 has been reaching new heights, caution is warranted due to the rising wedge pattern and key support levels.
If these signals confirm a correction, we may see the index retracing toward 40,000 in the near future.
Another Buy Opportunity on the Dow / US30This is a simple but effective approach for me that I have been using to trade US30 for some time now.
This is a top down analysis from weekly all the way to 15M.
Everything is bullish so I will never be selling this pair. That's why I am looking for a dip or pullback of this pair going to my buy zones.
I have 3 possible buy zones because we will never know where price will reverse.
So I am setting my alerts on these zones for me to be ready once it triggers.
I will update this idea again once price visited the zone for a possible 5M TF entry to get a better risk reward and targeting the All-time high or even higher if we get a very strong momentum since we have a red news later on New York session therefore we will have possible more volume coming in for this market.
US30: Seize the Opportunity - Buy Signal Active!US30: Seize this buying opportunity on the US30, as market conditions indicate a potential upward trend. The US30 is currently in a reversal phase, making it an ideal time to enter the market. Pay close attention to technical signals and indicators, as the US30 could soon experience a strong rise. Don't miss this buying opportunity on the US30 to maximize your gains.
DOW JONES 1hour Channel Up on its bottom. Buy.Dow Jones / US30 is trading inside a Channel Up and the price hit its bottom today.
By doing so it almost tested the 1hour MA200, which is holding since October 9th.
Also it completed a decline identical in % terms with the first one of the pattern.
This is a strong buy opportunity. Buy and target 43,450 (top of the Channel Up).
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