Dow jones finishing its 5th wave? This does not look good for the stock market, can this be the last push before a ressesion?
Makes sense to me
DOWUSD trade ideas
Market Awaits PPI Insights as Futures Trade MixedFutures Mixed as PPI Data to Kick Off a Crucial Economic Week
U.S. stock index futures showed mixed performance on Tuesday as investors awaited the producer prices index (PPI) data, which is expected to provide insights into the Federal Reserve's future interest-rate decisions. Meanwhile, Home Depot shares declined following a downward revision of its full-year profit forecast.
Current Outlook:
As long as the price remains above 39,250 and 39,130, the trend suggests an upward movement.
Bullish Scenario:
Stability above 39,250 could signal a bullish trend, with potential targets at 39,560 and 39,820.
Bearish Scenario:
The bearish outlook will be confirmed if the price stabilizes below 39,130, particularly if a 4-hour candle closes under this level, indicating a potential move toward 38,770 and 38,500.
Key Levels:
- Pivot Line: 39,350
- Resistance Levels: 39350, 39550, 39930
- Support Levels: 39250, 39130, 38780
Today's Expected Trading Range:
The price is expected to fluctuate between support at 39,130 and resistance at 39,570.
Dow Jones likely to face strong sell?Hi Guys,
The US 30 , Dow Jones is currently looking like its trying to build some upward momentum to head towards the resistance zones marked on the chart ( blue boxes) . The 50MA is acting as resistance so far and not allowing the Dow to clear the range that has been building over the last wo days. Should we clear the range there are two important zones where we may see selling pressure.
Looking left the first blue box is an important level as it has been used as resistance twice and recently the last support that was broken so because of that the previous support may become resistance and an area where sell setups are likely. It is also the 50% retracement of hi to low and has the 20dma and the AVWAP from the all time high in that zone which will provide resistance. Also to the left on the chart is a faint harmonic pattern which I mentioned in a previous article for a buy setup. The first take profit level of that pattern (its midpoint) is this level. Nice amount of confluence here to suugest sellers will show up.
The upper blue box is where I personally would like to see price reach. Obviously premum sell area with greater risk to reward . The daily chart has an order block at that level and the darker shaded box on the chart is essentialy the 4hr order block. There is also another bat harmonic developing with excellent fib ratios that has entry precisely in the 4 hour order block. Lower time frame entry could lead to nice sell trade from this level.
Safe Trading all
Weekly Forex Outlook Sun.Aug.11.2024 - Fri.Aug.16.2024Like and Comments would be appreciated :D Not Financial Advice, Just my outlook/opinion
US30 Buy after retest the zoneUS30 Buy after retest the zone.
It is ranging right now and probably Us session will drive the price up and will look for a buy after retest.
CPI can be that boost too.
US30 Bearish Breakout! US30 broke the rising
Support and the breakout
Is confirmed so we are bearish
Biased and we will be expecting
A further move down !
US30 Chaos and How to deal with itAs I would have mentioned within the last video I posted I was actually expecting a pullback - well it turned out to be a full on retracement and that forced me to stop trading because the momentum literally went against what I was expecting.
This is to show how we can use probability, timing and momentum to make informed decisions on what trades we should and shouldn't take.
Hope you have a good day today
Look out for the next video I am going to post on GOLD
There is NO Right Time, Just time | $388 ProfitDoesn't matter who you are we all have the same 24 hours in a day, what you do with it is what dictates how successful you are.
We have to be very concerned with how we make use of the time at our disposal.
That is all.
Dow Jones Index (US30): Detailed Support and Resistance Analysis
Here is my latest structure analysis
and important key support and resistance levels to pay close attention to.
Vertical Structures
Vertical Resistance 1: Rising trend line
Horizontal Structures
Support 1: 38250 - 38550 area
Support 2: 38015 - 38105 area
Resistance 1: 39500 - 39700 area
Resistance 2: 39800 - 39960 area
Resistance 3: 40900 - 41415 area
Consider these structures for pullback/breakout trading.
❤️Please, support my work with like, thank you!❤️
US30 Buys !!!!US30 Buys
**Trade Idea:**
- **Instrument:** Dow Jones Industrial Average (DJIA) Index
- **Timeframe:** 1 Hour
**Setup:**
- The price is currently bouncing off the 0.618 Fibonacci retracement level, which suggests a potential continuation of the bullish trend.
- The 200 EMA (black line) is serving as dynamic support, reinforcing the bullish momentum.
- The formation of higher lows and the breakout above the 50 EMA (red line) further confirms the strength of the uptrend.
**Trade Entry:**
- **Buy Entry:** Enter a long position at the current price level around 39,640, after confirming a strong bullish candle above the 50 EMA.
**Targets:**
- **Primary Target (TP1):** The first target is set near the 0.786 Fibonacci retracement level around 40,520, aligning with a significant resistance area.
- **Secondary Target (TP2):** The ultimate target is near the previous high at around 41,415.
**Stop Loss:**
- **Stop Loss (SL):** Set the stop loss just below the 0.5 Fibonacci level, around 39,207, which coincides with recent lows and provides a good risk-reward ratio.
**Risk Management:**
- Ensure that the risk-reward ratio is favorable, ideally at least 1:2.
- Adjust the position size to maintain proper risk management based on your trading plan.
**Additional Notes:**
- Monitor the price action closely as it approaches the 40,520 level. If the price shows signs of rejection, consider securing partial profits or adjusting the stop loss to breakeven.
- Be aware of any macroeconomic events or news releases that could impact market sentiment.
---
This trade idea is based on technical analysis and should be executed with caution, considering all potential risks involved.
Us30 Setup 12/08/24For a potential buy signal on the US30, look for confirmation of a bullish trend supported by technical indicators, chart patterns, and volume analysis. Ensure that risk management strategies are in place to protect your investment. Always stay updated with market news and economic events that could impact the broader market.
Check the trend It is expected that after some fluctuation and correction, the continuation of the upward trend will be formed.
If the price crosses the red support zone, the downward trend will continue
US30 BUY ANALYSISHere on US30 price has made a retest at 39505.4 level which likely to be brake and if happen is likely to move up more to retests at resistance of 40990.2 so go for LONG is needed and expected to use money management .
US30USD ShortConsidering that this price completed the rising flag pattern and retested the lower trendline, I do anticipate that the momentum might be bearish. This will depend the one candle stick that closes after the doji.
Still, my entry point will be 39400, SL at 40,000 at TP at 38000
WATCH FOR NEXT BIG MOVE FOR DOW JONES COMING DAYS!!🚨 US 30 HIGH PROBABILITY BUY SETUP SOON 🚨
* Here We Can See Clearly The Next Potential Move For Dow 30 In Coming Days.
* Here We Can See Clearly US 30 Is Forming Inverse Head & Shoulder Reversal Pattern.
* Keep Your Eyes Close On Your Trading Positions.
* Happy PIP Hunting Traders.
* FXKILLA *
11/08/2024Investing.com -- Investors will be looking at key inflation data on Wednesday for fresh clues on the potential size of an expected September rate cut by the Federal Reserve. Markets look likely to remain volatile, while retail earnings will be watched for clues on the strength of consumer spending.
US30 ( INSIDE SENSITIVE AREA BETWEEN TWO TURNING LEVEL ) ( 1D )US30
HELLO TRADERS
U.S. stocks were higher after the close on Friday, as gains in the Technology, Consumer Services and Telecoms sectors led shares higher.
At the close in NYSE, the Dow Jones Industrial Average gained 0.13% .
currently price inside two turning level in way , breaking each side determine our direction , thus breaking turning level (1) it is mean active up trading ,if the price breaking turning level (2) by close 1d candle or 4h candle below it , indicates to reach support level .
Tendency, the price inside sensitive are between two turning level around 40,031 and 38,509
Upward Zone : in order see increase , if the price corrective turning level (2) and stabilizing above this level should be trying to reach turning level (1) at 40,031 , to confirm up trading , the price will be breaking turning level (1) to reach resistance zone around 40,990 and 42,268 .
Downward Zone: by breaking turning level (2) at 38,509 , the price should be trying to reach support level (1) 37,550 , after stabilizing below this level could further support to reach of as next level at 36,235 .
TARGET LEVEL :
RESISTANCE LEVEL : 40,990 , 42,268 .
SUPPORT LEVEL : 37,550 , 36,235 .
DJI Weekly Rising Narrowing WedgeDow Jones Industrial Average has not shown many signs of slowing in its growth.
Here is a bearish biased shape playing out on the weekly chart in the form of a rising narrowing wedge.
Strictly PA, strictly structure. Keep an eye on this.
Looking for a Macro correction to reach to the .236 or the .382 on a corrective movement.
This is a follow up to a macro long idea on the DJI posted back in March 25th 2023.
NFA
Do your own DD
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US30 Will Go Lower From Resistance! Sell!
Please, check our technical outlook for US30.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 39,451.36.
Taking into consideration the structure & trend analysis, I believe that the market will reach 38,896.02 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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Just Getting StartedThe Dow had a volatile week, Friday's action, a red Doji candle... bearish!
Our actions are to sell strength or rallies, notice how the market retraced 38.2% repeatedly?
It is struggling, Thursday's rally was driven on short covering, volume is low on the rallies.
The question is whether this is a minor wave 4 and wave 5 to follow or we have had only wave 1 down and currently in wave 2 up to be followed by a plunge, next weeks action is down regardless.
Chatter that the Fed will cut rates next month increases... if they do, they will let the world know that recession is here and react accordingly.
Sell the rallies, buy PM's and have faith... this is just getting started.
Appreciate a thumbs up, good trading and God Bless you all!
