US30 trade ideas
Shorting US30Looks good to start short here indicated to me a reversal will be shorting from here will be watching closely the news.
Happy trading
IAM
DJIA H1 | Potential bullish breakoutDJIA (US30) is rising towards a potential breakout level and could climb higher from here.
Buy entry is at 42,200.56 9 (at market) which is a potential breakout level.
Stop loss is at 41,890.00 which is a level that lies underneath a swing-low support and the 50.0% Fibonacci retracement level.
Take profit is at 42,661.89 which is a level that aligns with the 78.6% Fibonacci projection level.
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Could price bounce from here?US30 is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance which is a pullback resistance.
Pivot: 41,602.08
1st Support: 41,136.87
1st Resistance: 42,191.55
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Mid Week Analyses 25/09/24
As I mentioned in my previous posts, price would take out the highs at NSYE open before beginning its retracement. Great sell if anyone caught a sniper entry from the highs.
Following the correction today, a 10H HL was signalled at 41,917.9 as the biggest TF with a type of low. Despite signalling a 10HL, the smaller TF such as the 7H and 8H failed to signal their respective HL. Furthermore, the 10H HL did not reach the 23.2% fib level.
This indicates that there is potentially more selling to happen that we need to be aware of. Historically once a HL has not been signalled on a smaller TF but is signalled on a bigger TF, this can mean one of two things:
1. Price will resume its downtrend after signalling a LH on the smaller TF to fulfill the HL on the missing timeframes.
2. Price will make new ATHs forgoing the HL on the missing TFs, but these new ATHs will soon reach a level of exhaustion before committing to an even bigger correction.
7H chart showing no HL signalled
10H chart showing HL signalled
Going forward:
Given the current bullish pressure, I have closed my sell positions and entered a buy position since price is clearly respecting a level of support on the smaller TF.
I will monitor the bullish momentum accordingly to observe for signs of retracement.
Using my fibs, it is possible that price can signal a LH on the smaller TF at 42,149.8 - 42,205.3 before resuming its downtrend to make a LL. If not, price will continue bullish to make new ATHs forming a double top region before resuming its downtrend to form a bigger correction.
US30 SWING SELLS 26/09/24We have broken bullish ranges and created bearish range from daily, H12...Now expecting extreme pullback into extreme supply within bearish range. Best sells can be taken from 42200 to 42300 then hold all the way down to max TP @40650
US30 - LETS THE BEAST RUN BACK HOMERUNLong USD at current market price 41934-46
STOP LOSS AT 41942
TARGET AT 41988
TARGET AT 42023
TARGET 42082
Once the 1st target hits , move stop loss to 41875
Once the price break above 42000 then move stop loss to BE
Dow Jones Industrial Average (US30) - 1D Chart AnalysisThe Dow Jones (US30) is in a strong uptrend, nearing a key resistance zone around 41,886 USD. Fibonacci analysis highlights critical levels that can help identify potential support and resistance zones.
Meanwhile, the TDIGM indicator signals overbought conditions, suggesting a possible short-term correction.
Key Levels:
Resistance: 41,886 - 42,313 USD (Fibonacci -0.272 extension).
Support: 40,594 USD (Fibonacci 0.236) and 39,701 USD (Fibonacci 0.5).
Critical Lower Zone: 38,009 USD (previous significant low and potential correction target).
Technical Indicators:
The TDIGM is showing overbought conditions, with lines above the 60 mark, indicating that the market may be nearing exhaustion.
Price is slightly above the support-moving average, implying the uptrend is still intact but could face selling pressure at current levels.
Investment Strategies:
1. Short-term Sell Strategy (Correction Bet):
Sell Entry: Between 41,800 - 42,000 USD, anticipating a correction after the recent rally.
Stop Loss: Above 42,313 USD, to protect against an upside breakout.
Take Profit: Target support zones at 40,100 USD (Fibonacci 0.382) and 39,701 USD (Fibonacci 0.5).
2. Medium-term Buy Strategy (Support Retest):
Buy Entry: Between 39,701 - 40,100 USD, aiming for a rebound after a correction to these Fibonacci levels.
Stop Loss: Below 39,300 USD to manage downside risk.
Take Profit: Target resistance at 41,800 - 42,000 USD, with potential to extend to 42,313 USD if momentum builds.
3. Buy Breakout Strategy (Uptrend Continuation):
Buy Entry: Upon a clear breakout above 42,313 USD.
Stop Loss: Below 42,000 USD to mitigate risk.
Take Profit: Extend targets to 43,000 - 43,500 USD, forecasting further bullish continuation.
The Dow Jones (US30) is testing key resistance. Despite signs of overbought conditions suggesting a possible correction, the strength of the uptrend cannot be ignored. The strategies outlined aim to capitalize on both short-term corrections and potential breakouts, with well-defined entry and exit zones.
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DOW JONES: At the top of the six month Channel Up.Even though Dow Jones has reached the top of its Channel Up pattern, it remains on very balanced bullish technicals on the 1D time-frame (RSI = 62.120, MACD = 487.030, ADX = 32.488). Our trading plan will be based upon breakouts. As long as the price remains under the top of the Channel Up and over the dashed trendline of the August wave, it is a no action (do nothing). If it crosses above the top of the Channel Up, it's a buy (TP = 43,500) as most likely we will see an extension of the wave to a new +8.28% rise. If the price crosses under the dashed trendline, its a sell (TP = 40,900) to the 1D MA50 at least.
See how our prior idea has worked out:
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US30 ANALYSISall my us30 traders go ahead for down trend,
validation :
1.its valid till price reach stoploss point : 42458
daily trade point :
1.our trend is down
2. NY session will react with up and down like pump it first as a trap then dump it
good luck.
IT'S JUST A GOOD BUSINESS
POSSIBLE 5th WAVE TOP WE Min targets have been met. The chart posted is that of the Dow Jones avg . I can now make a strong case that todays high can be the End of the rally from Oct 13 low 2022 the min target was 41958 and could have even reached as high 43100 based on the wave structure I feel it is time to be 90 to 100 % Longs PUTS . See the RSI not reaching new highs and that the QQQ is having a great deal of trouble at my 486 /494 . As to the SOX index I called for a wave C up to end wave B and form the Right shoulder in My weekly head n shoulder TOP .I have thought we could hold up into 9/30 to ideal date of 10/2 I see a Major Event the week of OCT 11 to the 19th . I have told everyone to View the 2007 top formation . BEST OF TRADES WAVETIMER !!!
US30, last trade of the day for meTeam, what an amazing win today for US30, we shorted earlier.
as I predicted it will go this low. So TIME for little recover.
LONG ENTRY NOW 42012
STOP LOSS at 41977
Please do only half volume only
from previous short
Target 1 at 42087
Target 2 at 42129
Once it break above 42057, please bring STOP LOSS to BE, because I could be going to bed
it is 1.25am for me.
i just set target and go sleep with stop loss
Recap of my DJ30 short in NY SessionReversal continuation trade, 3 days of longs, NY Open trapping the high and then pushing down into MRN for a continuation trade to PDL
Dow Jones tests upper band of channelThe Dow Jones trades within a rising channel. The price has risen to fresh record highs above 42.2k and is running into the upper band of the rising channel, dating back to the start of April.
The RSI is on the brink of overbought territory, so buyers should be cautious. A rise above the trendline resistance opens the door to a 43k round number. On the downside, support is seen at 41,565, the August high. It would take a fall below 40k to create a lower low.
dow jones shortThe DOW is currently trading in the resistance area of the rising trend channel. It has reacted from this resistance 3 times before. If the probability of a 25 basis point interest rate cut increases, it will be an excuse for the index to pull back from this resistance.
US30 SELL BIASI am currently in a US30 sell.
REASONS:
- Buyside liquidity orders
initiated to
take out rookie
traders who think
every resistance
break is a breakout.
- Broke through
respected
resistance but then
closed below 1
hour resistance
on 15min, 5min
I am not a financial advisor. Trade at your own risk and use risk management
Dow Jones, Bullish !!!Dear All,
Although, I am not so sure about bullish ideas on US markets but as you know simplicity is everything and that is why I see long bullish channel (orange one) and last 45 years channel (red one) confirmed we will continue the bull run and the mid term targets are 48500 and 53800 for DJI.
See if markets price it in next year or not?!
i MISS YOU US30for my daily bias am bullish and i expect price to retest that midnight opening price and shoot up. trade at your own risk . if it invalidate do not trigger i repeat do not trigger
It's time to go down ? The US30 has reached the trend line since the highs from March and July. If it gets rejected at this level, we can expect a strong downward movement
US30 - Bullish area, while above 42210Technical Analysis: Dow Closes at Record Highs
Technical Outlook: As long as trades above 42210, there is a bullish trend toward 42500 and 42810.
However, a 4-hour candle close below 42,200 could trigger a decline towards 42,070, and a sustained move below this level may lead to a further downtrend targeting 41,565.
Key Levels:
Pivot Point: 42210 - 42290
Resistance Levels: 42450, 42700, 43040
Support Levels: 42070, 41770, 41565
Trend Outlook: Bullish while above 42210
US30/DOW, we are setting up for short, Team, We have successfully hit US target 1 this morning.
We do not go long because it is a higher risk than reward.
with this current market and level of the price for the US
Warren Buffet just got out of his banking investment.
NOTE: We are setting up for SHORT US30 only once the price is confirmed at 42222-42229, with STOP LOSS at 42262.90
Target 1 at 42179.5
Target 2 at 42132
Target 3 at 42104
Note, once it hits the first target, take 50% , and bring stop loss to BE level.
SHORT US30/DOW NOW - great opportunityTeam, we find a good short position under the resistance line as per chart
enter short below 42166, STOP LOSS AT 42255
TARGET 1 AT 42117, TAKE 30-50% PARTIAL bring stop loss to 42192
ONCE IT REACH THE SECOND TARGET, 42094, TRAIL STOP LOSS TO BE take another 30%
see you at the bottom of the target !
