Wedge at the Edge โ Will the Dow Drop from Here?Price is approaching a key supply zone between 41,800 and 42,400, where previous strong selling occurred. A rising wedge pattern is forming, suggesting a potential bearish reversal. If price fails to break above the supply zone and closes below the wedge, a breakdown could lead to a bearish move targeting the demand zone around 39,000โ39,300.
Bearish Bias: Watching for rejection and breakdown confirmation for a short setup.
Key Levels:
Supply zone: 41,800 โ 42,400
Demand zone: 39,000 โ 39,300
Support to watch: 40,600
US30 trade ideas
Trade Idea: US30 Short ( SELL STOP )Technical Analysis Overview:
1. Daily Chart:
โข Price has retraced sharply into resistance (near 41,300โ41,400), rejecting the 200-day EMA zone.
โข MACD still negative but turning upโsuggests potential for a failed bounce.
โข RSI at 55.33โapproaching overbought in a corrective move, ripe for reversal.
2. 15-Min Chart:
โข Bearish divergence forming on RSI with lower highs.
โข MACD is turning down with momentum fading after a recent high around 41,665.
โข Price has broken short-term moving average support, with momentum shifting down.
3. 3-Min Chart:
โข Clear bearish structure with lower highs and lower lows.
โข MACD and RSI confirm short-term weakness.
โข Price hovering near local support (around 41,302), if broken, would confirm further downside.
โธป
Fundamental Context (Macro):
โข FOMC & NFP results (recent) suggest continued uncertainty in interest rate direction.
โข US manufacturing and employment data have shown mixed signalsโequities vulnerable to downside corrections amid macro volatility.
โข Seasonally, May is often a pullback month (โSell in Mayโ).
โธป
TRADE IDEA โ SHORT US30
โข Entry: 41,295 (current price at resistance zone)
โข Stop-Loss (SL): 41,670 (above recent intraday high and 15-min resistance)
โข Take-Profit (TP): 40,500 (prior support zone on 15-min chart)
FUSIONMARKETS:US30
US30 โ Key Supply Rejection at 41,000 | Is a Pullback ? The Dow Jones (US30) is currently trading at 41,089, slightly below the critical supply zone between 41,000 - 41,150, as identified by LuxAlgoโs Supply & Demand Visible Range. Price is showing signs of exhaustion after testing the top of the range, hinting at a potential short-term correction.
Chart Breakdown:
Supply Zone: 41,000 โ 41,150 (visible resistance from recent price reaction).
Current Price: 41,089
First Support: 40,971 โ the last breakout zone.
Next Support: 39,703 โ major structure break level.
Demand Zone: 38,735 โ 38,000 (bullish reversal zone, high volume node).
Bearish Scenario:
A clean break below 40,971 could confirm short-term bearish momentum.
Watch for price to fill the inefficiency gap toward 39,703 and possibly test 38,735 if weakness continues.
Red arrows on chart signal likely downside zones if buyers fail to defend higher levels.
Bullish Scenario:
Reclaim and close above 41,150 on strong volume may invalidate the bearish bias and push price to new highs.
Upcoming Volatility Alert:
Key U.S. economic news is on the calendar (highlighted on chart) โ could cause sharp movement in either direction. Stay alert!
Trade Idea: Look for short entries around current levels with stops above the supply zone. Target the 39,703 and 38,735 levels with proper risk management.
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Will Dow stay strong or finally give in to bearish pressure? Let me know your thoughts in the comments!
#US30 #DowJones #SupplyAndDemand #TechnicalAnalysis #SmartMoney #VolumeProfile #LuxAlgo #PriceAction #Forex #Indices #MarketUpdate
DowJones INTRADAY awaits Fed Rate Decision Key Support and Resistance Levels
Resistance Level 1: 41,450
Resistance Level 2: 41,900
Resistance Level 3: 42,470
Support Level 1: 40,220
Support Level 2: 39,760
Support Level 3: 39,150
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Dow Jones Wave Analysis โ 2 May 2025- Dow Jones broke resistance zone
- Likely to rise to resistance level 42000.00
Dow Jones index recently broke the resistance zone between the pivotal resistance level 40815.00 (former support from March and the top of wave A from the start of April) and the 61.8% Fibonacci correction of the downward impulse 5 from March.
The breakout of this resistance zone continues the C-wave of the active ABC correction (2) from the start of April.
Dow Jones index can be expected to rise to the next resistance level 42000.00 (target price for the completion of the active impulse wave C).
US30 โ Chop or Fakeout?๐ด US30 โ Chop or Fakeout? ๐ด
May 2, 2025 โ 1H Chart Update
After the bullish breakout above 40,700 yesterday, US30 surged to 41,051, but weโre now seeing price stalling just under that level, forming a potential double top or distribution pattern โ ๏ธ
๐ Technical Breakdown:
๐งฑ Price rejected at ~41,050 (previous swing high zone)
๐ Small pullback forming after strong bullish leg
๐ Key short-term support still at 40,700
๐ง Market could be consolidating post-FOMC run or prepping for a deeper pullback
๐ฏ What to Watch:
Bullish Continuation Setup:
โ
Needs a 1H candle close above 41,050
๐ฏ Target: 42,000 โ 42,359 resistance zone
Bearish Scenario:
๐ป Break below 40,700 flips structure short
๐ฏ Downside targets: 40,260 โ 39,775
Neutral Bias If:
Price consolidates between 40,700 โ 41,050 = no clear trend โ stay flat
US30 SHORT SELL to Buy long term The US30 is currently on a bullish sugar rush, charging upward like it just chugged three Red Bulls. But hey, even bulls need bathroom breaks! So while itโs flexing its muscles, Iโm sneaking in some quick sell scalpsโbecause why not profit from its little caffeine crashes?
Once this over-caffeinated beast finally pauses to catch its breath (aka retraces), Iโll be waiting with open arms to buy the dip like itโs Black Friday and the US30 is on sale. Long-term buy? Yes, pleaseโjust gotta wait for that โpremium discountโ level. Because in trading, as in life, patience (and a little bit of cheeky scalping) pays off!
DowJones INTRADAY resistance retestKey Support and Resistance Levels
Resistance Level 1: 41,900
Resistance Level 2: 42,470
Resistance Level 3: 43,600
Support Level 1: 40,680
Support Level 2: 40,240
Support Level 3: 39,700
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Rejection at Supply Zone โ Bearish Targets Loaded!Price has been rejected at the key supply zone near 41,119, with a sharp drop confirming bearish momentum.
Weโre now trading below 40,736, heading toward the first demand zone around 39,884. If that breaks, the next high-volume support area is 38,397, as shown by the visible range and demand zone.
Bearish Bias
Strong rejection from supply
Lower highs forming
Watching for breakdown below 39,884 to add more short positions
Upcoming Events:
Big US data + FOMC sentiment could accelerate the move. Stay sharp!
Whatโs your bias โ Short or Buy the Dip? Drop your thoughts below!
#US30 #DowJones #SupplyAndDemand #PriceAction #TradingView #SmartMoney #BearishSetup
Everyone I am shorting DOW/US30Team I am shorting DOW, - MUST have stop loss the price could hit 40912-16 - but short slowly now, with STOP loss at 40960-65
Target 1 at 40750-40735 - reduce 30% volume
Target 2 at 40650-40600 - reduce 50% volume
Target 3 at 40550-740483 - remaining
Once the price reaches the first target, bring STOP LOSS TO BE
NEXT week, I will be releasing a video on how I made 1000% profit in 4 weeks. I would love to share my strategy with the world.
Testing Trumps Theory About StocksSo, as you can see, I just kept it simple, Trump made a claim about buying stocks because this country is about to take off like a rocket. I told my wife I will check the charts. It's been a long time but ugh I think we will see a drop towards resistance before we see what he's talking about. This is the monthly I looked at it on the 3 months chart as well same things keeps popping up some pain before profit so I will be looking to buy on our way down this is the DOW but I am for sure looking for similar patterns in other stocks. But the S&P 500 Is looking the same also.
LET ME KNOW YOUR THOUGHTS BELOW.
this is a small reminder that I am not a professional and this is not investing advice I am simply giving my opinion as a fellow student in the art of trading.
Dow Jons artistic outlook - a proposition for you to take or disWhen I'm looking at my chart, i like to know what this story is about.
This is what
the whole world is looking at,
some say between 1-5 years from, now we are all going to see what it is about.
Most of us want to prosper but there is a certain minority group who doesn't want that. Why? IDK tell me that.
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The chart do not represent a prediction of any kind its more an invitation how to start thinking -about build.
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Time is short although my chart is on 12 month time line
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they say 1-5 years but very unlikely now. I don't know if you can see that
there is a time in next 3 years when the trend goes up.
Its my 10 years of experience i and some hard challenging times. i tracked dow nearly 24/7 for 3 years now so i know what it is about. to explain it to you in full could take some time and here is not a place to do just that.
You can see some general shapes and possible traversals, it happens i track them quite correctly due to my different mind.
"I have good intuition when I'm true to myself
this is my point of view I hope to share with you."
SimonTheBeekeeper
PS:
when things starts to move fast
i have my map to find out
where and how.
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thanks for watching I
US30 Stuck at Resistance โ 05/05/2025๐ US30 Stuck at Resistance โ 05/05/2025 ๐
๐ Strong Bounce โ But Watch This Supply Zone!
US30 ripped from the 36,700s all the way back above 41,000 ๐ฅ โ but now weโre seeing price stall just under a major resistance zone at 41,200โ41,300. Bulls have full control for now, but signs of exhaustion are building ๐ฅต.
๐ Key Observations:
๐น Price holding above 40,700 (key support)
๐น 41,200โ41,300 = local resistance zone
๐น 42,359 = next major upside target ๐ฏ
๐น EMAs still bullish but starting to curve โ ๐ possible slowdown?
โ ๏ธ Expect a squeeze or rejection play soon โ market is winding up for the next breakout or pullback ๐ฃ.
๐ฏ Trade Plan:
๐ฐ Current range = 40,700 โ 41,300
๐ป Lose 40,700 = retrace likely to 39,775, possibly 39,200
๐ Break + close above 41,300 = upside open toward 42,359โ42,787
๐ง Mindset Reminder:
๐ Donโt chase highs! Wait for clean structure or rejection
โก When EMAs compress, expect volatility to explode
๐ Patience + plan = edge
DOW JONES Are you willing to bet against a 15 year pattern?Dow Jones (DJI) will close the month today with a massive rebound 1M candle after almost touching its 1M MA50 (blue trend-line). Since the October 2010 break above the 1M MA50, after the market recovered from the 2008 Housing Crisis, the 1M MA50 has been the ultimate long-term Buy Entry as it has always signaled rallies that ranged from +58% to +67%.
The 1M MA50 has also kept the index mostly within the 0.382 - 0.786 Fibonacci range (blue zone) of the multi-year Channel Up. Given also that the 1W RSI also reached in April its ultimate Buy Zone (green), we view this as the best long-term Buy Signal the index handed to us since the September 2022 bottom of the Inflation Crisis.
Since the Bullish Legs that followed have been fairly consistent on average, we expect another 58% rise minimum. Assuming a 'bad-case' scenario of being contained within the 0.786 Fib, then a 56000 long-term Target seems more than fair.
Are you willing to go against this pattern?
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Bearish drop off overlap resistance?Dow Jones (US30) is reacting off the pivot which has been identified as an overlap resistance and could drop to the 1st support.
Pivot: 40,653.80
1st Support: 39,356.30
1st Resistance: 41,490.90
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