Bearish Market BIASThe market broke out of a strong resistance and is looking highly likely to go retest that zone before a further continuation to the down side .
DOWUSD trade ideas
Could US30 drop from here?The price is rising towards the resistance level which is an overlap resistance that lines up with the 23.6% Fibonacci retracement and could drop from this level to our take profit.
Entry: 42,413.14
Why we like it:
There is an overlap resistance level that aligns with the 23.6% Fibonacci retracement.
Stop loss: 42,768.22
Why we like it:
There is a pullback resistance level.
Take profit: 41,939.71
Why we like it:
There is a pullback support level.
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US30 I Potential long from bottom of the channel & weekly levelWelcome back! Let me know your thoughts in the comments!
** US30 Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
NEW IDEA FOR DOWJONES An increase in the profits of companies can help to increase the price of the Dow Jones index
By examining the trend in the one-hour time frame, the Dow Jones index has the support of 42078, and now, provided it is maintained, the rate can rise to the resistance of the ceiling of the descending channel in the range of 42879.
NEW IDEA FOR DOW By examining the trend in the four-hour time frame, the Dow Jones index has important support in the range of 42365, and now, provided it is maintained, the rate can rise to the resistance of 42978.
Stock market still in expansion phaseStepping back to longer timeframes, it's often easier to see the forest from the trees. It's easier to see patterns. For instance, you can see the rising RSI pattern that follows a long time-frame bull run. When the market starts substantial pullbacks, it breaks that trend to the downside and starts a new trend. That switch results in a recession and a longer timeframe cooling of the market. Currently, it seems we have not reached that point. That is not to say we could not quickly fall into that pattern, but understanding where we are at in a cycle is as import as the decisions we make when the market changes.
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
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 is in downtrendUS30 is in downtrend on hourly chart price is making higher highs and lower highs, current levels are good for shorting price has taken a correction and know showing bearish signs.
US30 Trade Idea 29 Oct 2024 (Time Frame H1)The chart you've shared shows the Dow Jones Industrial Average (DJIA) on a 1-hour time frame. Here's a breakdown of the analysis, based on what I can see:
Observations:
Elliott Wave Count: The chart has Elliott Wave annotations, specifically identifying a correction pattern (labeled a, b, c) followed by a possible impulsive move (labeled i, ii, iii, iv, v).
Fibonacci Retracement Levels: Multiple Fibonacci retracement levels are drawn, suggesting potential areas for price reversals. Key levels are marked at 0.236, 0.382, 0.5, 0.618, and 0.786.
Projected Path: The white zig-zag line projects a possible upward trend following the completion of the current wave structure, with a target above the 0.5 or 0.618 retracement levels.
Stochastic Oscillator: The oscillator below shows values near the oversold region, which could indicate that a reversal is near.
Potential Trade Idea:
Entry: Wait for a confirmation of the fifth wave completion (v) near the support zone or Fibonacci extension levels (like 1.23 or 1.618). If the price holds and begins to turn upwards, it could signal the start of an upward impulsive move.
Target: Initial targets could be set at the Fibonacci retracement levels, such as 0.382 (42,413), 0.5 (42,393), or 0.618 (42,373). A stronger move could aim toward the higher Fibonacci levels.
Stop-Loss: Place a stop-loss below the recent low, possibly below the 1.618 Fibonacci extension level (42,203), to limit downside risk.
This analysis suggests a potential bullish reversal setup after wave completion. Make sure to monitor the price action for confirmation before entering a trade, and adjust risk management based on market conditions.
Happy trading and trade wisely guys..
I see the Dow Jones index going down soon!Considering the political developments in the world as well as the upcoming American elections, and on the other hand, according to the economic data published in the last few weeks, it seems that the Dow Jones index will start to move downwards from this price point! The long-term target is specified in the chart
US30 REVERSAL MIGHT BE LURKINGThe US30 is currently in a corrective phase but approaching key support and liquidity levels. A potential bullish reversal is expected from around 42,530, targeting the buy-side liquidity near 43,330. I'll be watching for reactions around the SSL and FVG for entry opportunities, with a stop below 42,393 for risk management.
GLGT!!
LloydFx
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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US-30 DJIAThis 4-hour chart of the Dow Jones Industrial Average Index (DJIA), shows recent price action and key technical indicators. The index has been in a bullish trend since mid-September, reaching highs near the 43,000 level. However, recent price action indicates a bearish correction, with the price currently testing support around 42,000.
If the price holds above 42,000, a potential buying opportunity may arise. Initial targets would be set around the 42,800–43,000 resistance.
The seasonality of DJIA during the presidential cycle also shows an upward move from end-October till mid-November.
US30USD Will Go Higher From Support! Long!
Here is our detailed technical review for US30USD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 42,119.2.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 42,845.4 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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Easy technical analysisTraders who have just started their work try to use more indicators in technical analysis and this makes them discouraged in their work and the analysis is boring for them. to find, we did the same thing in image B by several indicators, the result was almost the same, but in image A, we are more certain and it is easier to make a decision to trade, know that all indicators move with cash flow and you yourself You can recognize the direction of market flow earlier, so don't lose the way of correct analysis.
Uptrend According to the behavior of the index in the current support range, possible scenarios have been identified. As long as the index is above the support range, the continuation of the upward trend is more likely. Otherwise, the downward trend to the support levels will be possible
US30 H4 - Long Signal US30 H4
Something like this would make sense for us on Dow Jones, we gapped up massively to start the week and we are still looking to continue higher, once the dust has settled, we can see where we are on US30 and which zones are in play. Hopefully we can gain something buy catching longs from this 42,300 price when it trades higher and retests again as support price.
We saw a big selloff Friday, dumping as much as 600 points in a single 4 hour period, seeing that move correct and sustaining would be a requirement for what we are after. The market gaps were no doubt significant, being in excess of 100 points.
USA30 H1 time frame possible entry.Hi traders am expecting a rejection from 41800 n a bit of consolidation before a pick however we are on earnings report since last week,if you want to trade it well do your own analysis in smaller time frame n see if you gonna find same zones n see where you can place stop looses I recommend you to hold a trade for week if you are to talking it atleast for better bread your risks is the one that's gonna tells you how long you can last in the trade thanks.
US30 H4The Dow Jones continued its decline and did not give us a chance to buy based on the previous analysis. The Dow Jones has reached a very difficult area so far, a no-decision area. Therefore, we must wait and see who will win.
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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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.
