Dow Jones Residual RangesProbably this week, according to the previous weekly pinbar, we will have a temporary rise to the limits drawn in the chart, so that the previous price gaps are filled and we return to the downward path.
US30 trade ideas
DJIA Back Above 40K - Record Highs in Sight?The Dow Jones Industrial Average is rallying again today after strong retail sales and jobless claims data alleviated recession concerns.
The 30-stock index has now re-established itself above the psychologically-significant 40K level, opening the door for a bullish continuation toward the record highs near 41,250 next.
As long as 40K holds, the technical bias in the index will remain to the topside.
-MW
Recent trade on US30 , using price action !My recent trade on US30 , using price action
Time framed used - 8hr
-i identified the double bottom reversal pattern.
-than waited for the break above the neck line of the pattern.
-once price broke above the level i than waited for a Morning star candlestick pattern to from
-once the morning star pattern fully formed , i entered at 9am est after the close of the morning star.
US30: Bullish Channel Reversal at Key Resistance?
My Analysis:
The US30 is currently exhibiting a bullish bias, forming a rising channel since April 18th. Recently, the price tested the lower boundary of this channel around August 5th but failed to break down into a bearish trend, suggesting that the move was likely a correction. This correction appears to have been a temporary pullback, with the price now climbing back towards the upper boundary of the channel.
Given the current structure, there's a possibility that this bullish trend is short-term. A key area to watch is the 0.786 Fibonacci retracement level, which could serve as a significant resistance point. Additionally, the RSI is indicating overbought conditions, suggesting that the bullish momentum may be losing steam.
If the price reverses from the 0.786 level, it could signal the start of a bearish reversal. However, it's essential to wait for confirmation before taking a position. Keep an eye on key support and resistance levels as well as momentum indica tors to validate the next move.
Dow jones continues to rise?According to the resistance in the range of 40288
In case of failure, we can expect this index to rise to the range of 40489 and in case of strength, to 40793.
Otherwise, we can expect a rejection from the resistance area and a fall to the range of 39850
US30 / Upward Movement in Equities After Positive CPI ReportEquities Mostly Rise After Consumer Inflation Report
Current Outlook:
As long as the price remains above 40,060, the trend indicates a potential upward movement.
Bullish Scenario:
Trading above 40,060 will likely support a rise towards 40,320 and 40,485.
Bearish Scenario:
If the price reverses and stabilizes below the pivot line at 39,900, a bearish trend may develop, targeting 39,620.
Key Levels:
- Pivot Line: 40,060
- Resistance Levels: 40300, 40480, 40710
- Support Levels: 39900, 39620, 39450
Today's Expected Trading Range:
The price is anticipated to fluctuate between support at 39,900 and resistance at 40,320.
Tendency: Upward Movement
US30 H4 | Overlap resistance at 78.6% Fibonacci retracementUS30 is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 40,516.27 which is an overlap resistance that aligns close to the 78.6% Fibonacci retracement level.
Stop loss is at 41,280.00 which is a level that sits above a swing-high resistance.
Take profit is at 39,974.82 which is a pullback support.
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Us30usd buy technical analysis.Us30usd buy technical analysis. Broke through the resistance and trend line we should see it continue to go up still holding buys from earlier
US30 Bullish Momentum with Short-Term Tests AheadHello Everyone,
US30 is on a bullish trajectory, currently positioned just below the 1M pivot point. To confirm further upside, the price needs to establish itself above this level. In the short term, fluctuations are likely, with potential tests of the 1D support structure or possibly the 1W pivot point. However, the long-term outlook remains bullish.
TradeWithTheTrend3344
US30 SHORTS FUNDAMENTALLY ;
geopolitical tension makes investors to sell off their stocks and go to a safe haven as gold
technically :
bearish trend
the break of the bullish structure on the daily
three leg extension
deep retest to the broken weekly supply and demand zones
4h looking for shrinking candles
lose of momentum
a long wick shooting star candle indicating my short position
1h double top
30m an engulfing candle as my entry
WEEKLY REVERSAL WEDNESDAY IN SALES
We observe a monthly macro downtrend that we believe may continue to hold. At the beginning of the week, the institution creates an accumulation, followed by a manipulation in the price, breaking that accumulation and making the masses think that the price will continue to drop. However, it is actually a buy to generate more liquidity and achieve a better price for the macro sell that the price has been respecting.
DowJones - 4H Bearish SetupBLACKBULL:US30 has been exhibiting signs of bearish pressure, despite recent upward movements. The chart shows a significant decline below the ascending trendline. The recent upward movement appears to be a pullback, potentially setting up for further declines. Two key resistance zones have been identified on the chart, where the index may face renewed selling pressure.
Fundamentally, the broader economic environment is contributing to the bearish outlook. The possibility of a recession looms large as the Federal Reserve has postponed rate cuts in response to persistently high inflation. Rising unemployment claims are another concern, signaling potential economic weakness. These factors are creating an environment where risk assets like the Dow Jones are likely to struggle, and any rallies may be short-lived.
The current pullback in the TVC:DJI could provide a better entry point for those looking to short the index. The key resistance levels identified on the chart could serve as optimal zones for initiating new short positions, with the expectation that the index will continue its downward trajectory.
Given the macroeconomic uncertainties and technical setup, traders should remain cautious and consider the potential for further declines in the Dow Jones Industrial Average. This cautious stance is supported by both the chart analysis and the broader economic fundamentals.
Dow, Spx and the NasdaqUltimately, where the Dow goes, so does the Spx and so does the Nasdaq.
They have a historically high correlation and always found a way to resync up.
#capitalflows #markets #indicies #stocks #nasdaq #dowjones #spx500 #spx #djia #dji #macro
US30 ( UNDER CPI PRESSURE ) ( 4H )US30
HELLO TRADERS
Yesterday, the Dow Jones experienced a significant rise. Today, due to the release of the U.S. inflation report, the market is expected to show high volatility. From a technical perspective, if the price stabilizes below 39,951, we might see the first and second support levels. However, if it breaks above this level with a close of a 4-hour or 1-hour candle, the price is likely to rise towards the first resistance level.
Tendency , the price is under bearish pressure , until trading below turning level around 39,951
Upward Zone : for an upward movement to occur , the price needs to break through the turning level at 39,951 , leading to rise that could reach the resistance level (1) at 40,668 , if the price breaks and stabilizing above this level it may attempt to reach resistance zone between 41,049 and 41,410 .
Downward Zone: as long as the price remain below the turning level at 39,951 , it may drop towards the support level (1) at 39,448 , if the price breaks this level with a 4h candle closing below it , it suggest further decline towards the support zone between 39,022 and 38,370 .
CORRECTIVE : currently price it will be attempt to retest to reach a turning level at 39,951 before dropping .
TARGET LEVEL :
RESISTANCE LEVEL : 40,668 , 41,049 , 41,410 .
SUPPORT LEVEL : 39,448 , 39,022 , 38,370 .
Market Awaits CPI Impact After Producer Prices Boost Equities Producer Prices Report Lifts Equities Ahead of CPI Data
The price has successfully reached all our previously mentioned targets, and today's movement will be heavily influenced by the CPI release.
Current Outlook:
As long as the price remains below 39,900 and 40,020, the trend indicates a potential downward movement.
Bullish Scenario:
If the CPI comes in below 3.00%, it will likely support a bullish trend, particularly if the price breaks above 40,050, with potential targets at 40,320.
Bearish Scenario:
A bearish outlook will be confirmed if the CPI matches or exceeds 3.00%, especially if the price stabilizes below 39,900, with potential declines to 39,620 and 39,260.
Key Levels:
- Pivot Line: 39,780
- Resistance Levels: 39900, 40050, 40320
- Support Levels: 39620, 39260, 39120
Today's Expected Trading Range:
The price is anticipated to fluctuate between support at 39,260 and resistance at 40,050.
previous idea:
Dow Jones to be bullish next 2 daysDJ is expected to be bullish today and test the order block on D1 at 50%Fib level. The expected move is demonstrated in the chart.
The last D1 candle was a bullish engulfing candle which finished the two day consolidation and now the price is expected to target an order block on D1 which is expected to be a strong one as it is coming off from a previous order block. Next two days is expected to be bullish on DJ and we will see some bearish move on coming Friday.
Good luck and use proper risk reward
This idea is for educational purpose only and not a financial advise .
Hellena | DJI (4H): Long to resistance area 40071.Dear Colleagues, in the last forecast the price almost reached the target 41680, but sharply started to decline. This means that the price is in a complex correction (WXY).
I expect that the price has almost finished the downward movement in wave (Y), and will start an upward movement soon.
The level where the price may come to is 38799, but in general I expect an upward movement at least to the area of 40071.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Uptrend Considering that the index has crossed the resistance range, it is expected that the continuation of the upward trend will take place and go up to the specified Fibonacci levels.
US30 longHere is why;
Weekly
Price broke beneath 40,000 resistance level and price has not retested that level.
We see that there is a lot of bullish momentum that has been picked up from 38,500 due to last week's candlestick closure
Everything is pointing towards price going to test 40,000
Daily
We see that price too a lot of buy orders from 38,500.
Price broke and retested 39,300 region three times before finally heading northwards
The next target is 40,000
4 hour
Price today has closed above 39,720 and I expect for price to test the region before heading upwards.
However, for now it is not clear what price will do, so it is best I just sit on my hands.
