Recap of my 2 NY trades today, DJ30 long, Silver shortWaiting patiently into 3rd hour 2 of my shortlisted setups confirmed for me, and i took DJ30 Breakout continuation long and Silver FOH continuation short.
US30 trade ideas
US30 LONG IDEA"This is my idea on the US30 index. Based on recent price action and market conditions, I believe there's potential for further upward movement in the near future. Keep an eye on key levels for possible continuation of the bullish trend."
US 30 LONGUS30 long , as the price has recently break the resistance area with a bull momentum and now we place a buy stop at its all time high with the sl below its last support level , hope for our target as the fib marked on our chart
US30, WAITING FOR PULL BACK THEN SHORTTeam, this morning, I predicted the US30 is likely to move according to the chart.
9 hours later, it finally arrived at the dot.
We will enter the short at 41646 once the price confirm.
Take 50% profit at 41590, bring stop loss to BE level.
then target further toward 41482
and 41361.
20240917 Live heat map update DXY, XAG, XAU, WTI, DAX, NAS, DJ30This update includes my comprehensive analysis and discussion of potential setups for the day. You'll see how I conduct my end-to-end analysis using the multi-timeframe bias approach combined with Stacey Burke Style trading. The potential trade setups for the day are presented as hypotheses to be confirmed during the session.
US30 analysisI will be waiting for the market price to come to my buy zone possibly complete the stop loss sweep as well before i can enter but if entering it is advisable you enter below the order block and putting your stop loss below the previous liquidity zone before the current order block
PREPARE TO TRADE US30 at market openingToday, I will focus on the US30 to see the breakdown. Please be aware of the BOT's STOP LOSS trick. Sometimes, it is best to hold the stop loss a bit longer to accommodate the fadeouts, which happen most of the time in the markets.
Could price drop from here?DJ30 has reacted off the resistance level which aligns with the 161.8% Fibonacci extension and could potentially drop to our take profit.
Entry: 41,785.78
Why we like it:
There is a resistance level that aligns with the 161.8% Fibonacci extension.
Stop loss: 42,102.21
Why we like it:
There is a resistance level that aligns with the 127.2% Fibonacci extension.
Take profit: 41,103.61
Why we like it:
There is a pullback support level that aligns with the 38.2% Fibonacci retracement.
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Dow Jones Potential UpsidesHey Traders, in today's trading session we are monitoring US30 for a buying opportunity around 41500 zone, Dow Jones is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 41500 support and resistance area.
Trade safe, Joe.
Us30 Retrace. Since US30 took the High, now wait for the market to Retrace to an inbalance that's @ point 40.603. Then you we can start going long.
NasdaqIm short on Nasdaq around 42000 as it break its high with bearish Divergence on daily timeframe.
it started to cool down near fib extension
Moving in a parallel channel and can be rejected from upper channel
US30 longHere is why:
- August's monthly closure was very bullish as the candlestick has left a long wick. This shows that price had collected orders from the previous weekly liquidity regions before heading upwards.
- As of right now, price has broken into all time highs, which indicates that price is going higher. The weekly targets would be 42,450.
- Price is very bullish but I will have to wait for it to form a buy setup on lower timeframes before I enter into the trade.
US30 BUY OPPORTUNITY Buy Position on US30 (4H Chart)
Upon analyzing the 4-hour chart, we are seeing significant bullish momentum across the US30 index, signaling a strong continuation of the overall uptrend that has been dominant throughout the week. The current setup presents a high-probability buying opportunity as we catch an entry from a pullback within this bullish trend.
This pullback offers a favorable entry point, aligning with the momentum indicators that suggest further upside potential. The target for this position is the US30 all-time high, with the expectation that the ongoing bullish pressure will drive the price to retest these levels.
With market conditions and momentum in our favor, this trade allows us to capitalize on the prevailing trend while minimizing downside risk by entering on the pullback.
We will set the stop loss 120 pips from entry to manage risk, ensuring that our downside exposure is controlled while allowing the trade room to develop.
US30 May Face Another Resistance Near 41580US30 May Face Another Resistance Near 41580
The price is testing the top of the structure near 41580 for the third time. In previous instances, the price reacted to this zone by dropping nearly 3.8%. There is a high probability that it could move down from this zone again, especially during the upcoming FOMC meeting, as shown in the chart.
If the price starts to move down, support zones can be found near 41,000, 40,600, 40,200, and 40,000.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Will DOW JONES break its important resistance?DOW JONES in the resistance range of 41490 After the failure of this area, expect the index to rise to the range of 42131 and in case of strength, 42536 Otherwise, and the failure of its support in the range of 40000, we can expect a drop to the range of 39278.
US30 / Consolidation 41565 - 41340Futures kick off Fed meeting week on a cautious note
U.S. stock index futures were flat to slightly higher on Monday as caution prevailed ahead of a pivotal monetary policy decision by the Federal Reserve later in the week, with investors pricing in a steep reduction in borrowing costs.
Technically:
The price will touch 41565 and then by stabilizing under it, will consolidate between 4155 and 41340 till breaking
However, stability above 41565 will be uptrend toward 41800, Otherwise, stability under 41340 will support falling toward 41030
Key Levels:
Pivot Point: 41565
Resistance Levels: 41700, 41800, 41950
Support Levels: 41340, 41030, 40800
Trend:
- Consolidation 41565 - 41340
- Uptrend above 41565
- Downtrend below 41340
