11/08/2024Investing.com -- Investors will be looking at key inflation data on Wednesday for fresh clues on the potential size of an expected September rate cut by the Federal Reserve. Markets look likely to remain volatile, while retail earnings will be watched for clues on the strength of consumer spending.
US30 trade ideas
US30 ( INSIDE SENSITIVE AREA BETWEEN TWO TURNING LEVEL ) ( 1D )US30
HELLO TRADERS
U.S. stocks were higher after the close on Friday, as gains in the Technology, Consumer Services and Telecoms sectors led shares higher.
At the close in NYSE, the Dow Jones Industrial Average gained 0.13% .
currently price inside two turning level in way , breaking each side determine our direction , thus breaking turning level (1) it is mean active up trading ,if the price breaking turning level (2) by close 1d candle or 4h candle below it , indicates to reach support level .
Tendency, the price inside sensitive are between two turning level around 40,031 and 38,509
Upward Zone : in order see increase , if the price corrective turning level (2) and stabilizing above this level should be trying to reach turning level (1) at 40,031 , to confirm up trading , the price will be breaking turning level (1) to reach resistance zone around 40,990 and 42,268 .
Downward Zone: by breaking turning level (2) at 38,509 , the price should be trying to reach support level (1) 37,550 , after stabilizing below this level could further support to reach of as next level at 36,235 .
TARGET LEVEL :
RESISTANCE LEVEL : 40,990 , 42,268 .
SUPPORT LEVEL : 37,550 , 36,235 .
DJI Weekly Rising Narrowing WedgeDow Jones Industrial Average has not shown many signs of slowing in its growth.
Here is a bearish biased shape playing out on the weekly chart in the form of a rising narrowing wedge.
Strictly PA, strictly structure. Keep an eye on this.
Looking for a Macro correction to reach to the .236 or the .382 on a corrective movement.
This is a follow up to a macro long idea on the DJI posted back in March 25th 2023.
NFA
Do your own DD
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US30 Will Go Lower From Resistance! Sell!
Please, check our technical outlook for US30.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 39,451.36.
Taking into consideration the structure & trend analysis, I believe that the market will reach 38,896.02 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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Just Getting StartedThe Dow had a volatile week, Friday's action, a red Doji candle... bearish!
Our actions are to sell strength or rallies, notice how the market retraced 38.2% repeatedly?
It is struggling, Thursday's rally was driven on short covering, volume is low on the rallies.
The question is whether this is a minor wave 4 and wave 5 to follow or we have had only wave 1 down and currently in wave 2 up to be followed by a plunge, next weeks action is down regardless.
Chatter that the Fed will cut rates next month increases... if they do, they will let the world know that recession is here and react accordingly.
Sell the rallies, buy PM's and have faith... this is just getting started.
Appreciate a thumbs up, good trading and God Bless you all!
Dowjones Breakout and Potential RetraceHey Traders, in today's trading session we are monitoring US30 for a buying opportunity around 38900 zone, US30 was trading in a downtrend and currently is in a correction phase in which it is approaching the retrace area at 38900 support and resistance zone.
Trade safe, Joe.
US30 setupthe price fall down after this the price will retest the supply zone and will be back to the support area for sell liquidity grab
US30 TRADE SETUPPair Name:US30
👍 Classic bearish formation create
👍 Our team expects pullback
SUGGESTED TRADE: Dear Traders Our Expert Team Estimates that US30 Market Created CHOCH And market 41000 can reject. the market from this point down to 38000, 37000 area. If it matches with your analysis then you can follow this post.
Our Risk - 1.1%
Start protection of your profits from higher levels
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DOW JONES INDEX│ US30 │ 12 – 16 August 2024
- Daily timeframe
Swing structure is bullish and we are deep into discount with the correction. I suspect we may see price try to complete the continuation phase as we respected the demand zone as illustrated on the chart. Internal structure, however, is still bearish so trade with caution
• Bullish bias
- Four-hour timeframe
Internal structure has aligned with the daily swing structure although the four-hour swing structure is still bearish a daily swing run is much strong than a four-hour swing run. With that said, I foresee price reaching for external liquidity
• Bearish bias
- 15-minute timeframe
Swing structure as well as fractal structure is bullish at this point. Aligning the four-hour internal and the daily swing structure. All very good signs of a potential run higher, the only cause for concern is that fact that we have not seen the opportunity for the larger players to get in discount positions, so will they run prices higher already? So let us wait how it plays out
• Bullish bias
How do I come to a bias conclusion?
I look at the swing structure; if it is bearish, I conclude a bearish bias
©Austin Palmer for FONOS Fx, 2024.
Winter is comming. Go hunt the Big ShortFind signal around 41k zone to go Big Short US30.
Last week, US30 crash but still hold above 39k. Wait to retest 41k zone to go short
US 30 - Ranges overview We have taken the buyside liquidity of the weekly open range (black line) and we are currently trading back below Monday's open.
Let's see how we play from here
IF we reclaim the weekly open high expect us to continue higher towards new highs
IF we fail to reclaim and close back below the weekly open high expect us to run the HTF sellside
It's the end of the week so don't hesitate to reduce your position size.
Hope you guys had an amazing week and that your trading week was a pleasant one as well. As always...your weekly result simply reflect your weekly performance...our trading journey is a marathon not a race.
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
Targeting our supply zonewe are looking for price to move to the upside before any major drop in price from HTF setups this is taken on LTF setups .
SELL-TO-BUYBased on my analysis we won't be seeing much buying momentum till we tap into on the FVG's based in the discount zone - SELL-TO-BUY
US30 (Sensitive Movement )Stock Futures Rise as Rebound Continues; Asia, Europe Up
Bullish Scenario:
stability above 39410 means will support a bullish trend toward 39590 and 39790
Bearish Scenario:
The price should drop and break the support line which is 39410 to be bearish till 39245 and under it will get 39050
Key Levels:
- Pivot Line: 39410
- Resistance Levels: 39580, 39780, 40060
- Support Levels: 39250, 39050, 38790
Today's Expected Range:
The price is anticipated to fluctuate between the support at 39245 and the resistance at 39790.
Tendency: it looks bullish
Dow Jones Index (#US30): Your Trading Plan Explained
Dow Jones is currently stuck on a key daily/intraday horizontal resistance.
The price is trading within a narrow range on that on a 4H time frame.
Your confirmation to sell the Index will be a bearish breakout of the support of the range.
A 4H candle close below 39325 will confirm the violation.
A bearish continuation will be expected to 38890 then.
Alternatively, a bullish breakout of the underlined blue resistance
will push the market higher.
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US30Hit TP on long, left runners and entered short on POI marked out earlier this week hoping to get discount to possible go higher
DOW JONES in price correction or trend change? can climb up to the resistance of 39843 and if this resistance is broken, you can expect to climb up to the range of 40192.
Otherwise, after breaking the range of 39224, we can expect the decline of this symbol to the range of 38911 and in case of strength to 38637
Short Setup for Dow JonesA simple short setup with good RRR in the Dow Jones, which takes advantage of both normal and hidden bearish divergences.
Bullish us30Looking for a 1:1 break and retest of the asia highs or a pullback to retest yesterday's lows for a bullish move up min 1:3
Downward trend It is expected that the index will have fluctuations in the current resistance range and then we will see the beginning of the downward trend.
If the index crosses the resistance range, the continuation of the upward trend is likely
