DJIA trade ideas
US30 4HFollowing up on the Dow Jones analysis ( link here ):
As anticipated, the previously stated targets were successfully hit. However, the Dow Jones is expected to continue its decline toward the 42,000 level, where the market is likely to enter a correction phase.
Looking ahead, I predict a break below 41,670. The next identified targets are 41,120 and 40,820, but I will hold off on focusing on them for now. As the market evolves and new data emerges, I will provide updated and precise analyses.
Stay with me and enjoy accurate, professional insights.
US30 Technical Analysis: Key Levels and Trend ScenariosTechnical Analysis
The price currently shows bearish momentum toward 42900 and 42770, after which it is expected to consolidate between 42900 and 43170 until a breakout occurs.
However, as long as the price trades below 43200 and 43350, the downward trend remains intact. To enter a bullish zone, the price must break above this range by closing a 4-hour candle above 43350.
Key Levels:
Pivot Point: 43060
Resistance Levels: 43160, 43350, 43650
Support Levels: 42770, 42580, 42390
Trend Outlook:
Bullish Momentum: Stabilized above 43350
Bearish Momentum: Stability below 42900
Consolidation: Between 42900 and 43160
Ascending wedges in DJI vs BTC topsJust a comparison of ascending wedges in DJI and the tops of BTC runs. Not saying we are at the top of this run... but just something to look at as a possible sign if broken.
Price Tests Key Levels as Bullish and Bearish Momentum CompeteTechnical Analysis
The price dropped as anticipated in the previous analysis. Today, the price is likely to attempt to reach 41,960. A break below this level would confirm further bearish movement toward 41,740. However, if the price stabilizes above 41,970, it could support a bullish move toward the pivot zone at 42,370.
Key Levels:
Pivot Point: 42130
Resistance Levels: 42370, 42590, 42770
Support Levels: 41970, 41740, 41560
Trend Outlook:
Bullish Momentum: Expected if the price stabilizes above 41,970.
Bearish Momentum: Likely with stability below 41,970.
previous idea:
DOW JONES: 5 month Channel Up bottomed and 1D MA100 hit. BullishDow Jones turned bearish on its 1D technical outlook (RSI = 35.675, MACD = -65.830, ADX = 38.532) after yesterday's sharp drop due to the Fed announcing an outlook shift to 2 rate cuts in 2025 from 4 previously. Technically though that fall presents a unique long term buy opportunity as despite crossing under the 1D MA50, it managed to hit the 1D MA100 for the first time since Aug 8th while touching the bottom of the 5 month Channel Up. Today the price is showing the first signs of rebounding. The 1D RSI rebounding from below 30.000 (oversold) is also a great bullish indicator. The drop that resembles most December's is the first bearish wave of the Channel (July-August). When it recovered, the rebound hit the R1 level at first and that is our target (TP = 45,000).
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US30 Trade IdeaAfter a strong impulsive move to the downside and breaking below key levels, we had a corrective move to retest a recently broken support and a rejection.
US30 MovementGo Through The analysis The price of US30 Seems In Buy Side.
Take Entry From current Price Stay in Buy Side These are Targets to Up Side If Price.
Our Goal To Buy Side 1st Target 43,760 2nd Target 44,000 important to key Factors before Making Trade. Keep Eye On The target That's the US30 Movement.
Plz Support with like and Comments for more insights to Fallow me.
[b]#US30 | Dow Jones[/b] Long opportunityThis is an in depth analysis of #US30 | Dow Jones based on data presented on the H4 timeframe, we can expect a little resistance from the selling pressure, but the ultimate push to the upside seems to be more prominent.
3.5% Decline on The Dow Jones 30 But Is This Unusual?Looking at the trend structure over the last 8 months, we can see a pattern play out.
Since April, pullbacks of between 3.5% and 7% have been part and parcel of the Dow Jones’s trend structure. (highlighted in red)
The current pullback of 3.5% falls within this range.
Note also how our trend filter remains mostly green and grey, with speckles of red, since April, in line with the long-term bull trend.
The index has now fallen to the d50sma (orange line), where we want to see it find support, bounce, break out and continue its climb to 50,000, as it has done since April.
The Dow Jones is also a good example of how trend structures can change despite no change in direction.
October to March saw a much faster trend, using the d20sma (blue line) as support, eventually breaking through in April and leading to a change in trend structure.
The Dow Jones is currently lagging behind the Nasdaq 100, which is setting record highs above 20,000 for the first time, and the S&P 500, which has settled into a mini consolidation above the 6000 level.
We ideally want to see Santa deliver in the final 2 weeks of December.
However, if the indices and stocks don't show new trend continuations through the rest of 2024, we want them to hold within consolidation, which will act a bases for trends in the New Year.
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US30 Provides a nice bull move at the 42300 levelUS30 Gave a nice long opportunity At 9:30 am when it quickly pushed up from the 42300 support level. This long will likely reach above the 43200 level and retest this area to continue its bullish move overall.
The bulls have arrived!
US30 BULLISH SWING IDEA So US30 hit a beautiful double bottom creating a 4HR Divergence pushing price back up 1st breaking a 1hr trendline propelling it all the way back up from the news drop now we’re slowly making higher lows looking like we will break to the upside BUT keep in mind Bearish scenario #2 (drawn in RED) is possible since we still are under the daily/weekly trendline/resistance level in Bearish territory UNTIL we break 43.400 to the upside.. if that happens expect a beautiful Bullish Rally going into January.. May the markets be on our side !!
uptrendIt is expected that the continuation of the upward trend will form until the specified resistance levels. Then there is a possibility of a trend change
Technical Analysis of the Dow Jones Industrial Average
The Dow Jones Industrial Average, as one of the most important benchmarks in the US stock market, is currently approaching a sensitive area in the range of 41363-41191 units. A review of the chart shows that this area acts as a strong support level and there is a possibility of a positive price reaction to this level. A full analysis of this situation will be provided below.
1. Price Structure Analysis
The Dow Jones Industrial Average has recently exited the ascending channel it had maintained in the past months and entered a corrective phase. This correction has led the index towards the aforementioned support area, which is considered a key and valid level given the history of price performance.
Level 41363-41191 units:
This support area is obtained from the collision of several technical tools, including Fibonacci ratios (100% and 113% retracement) and the dynamic support of the lower trend line of the channel. Also, the price being near the lower band of the Bollinger Bands indicator also indicates the possibility of slowing down the decline and starting an upward rebound.
2. Bullish scenario
If the index can maintain the support area of 41363-41191 units, a positive reaction and price increase can be expected.
Short-term bullish targets:
The price returns to the resistance level of 43749 units, which coincides with the 38.2% Fibonacci line. This level is considered the initial target for the rise if the price is supported successfully.
Breaking through this resistance can pave the way for reaching higher levels in the medium term, including the psychological resistance of 45000 units.
3. Bearish scenario
If the index fails to maintain the support area and stabilizes below the level of 41191 units, there is a possibility of continuing the downward trend.
Bearish targets:
The next support level is around 40800 units, and if it is broken, the possibility of further decline towards 39500 units will be strengthened.
This decline could push the index into a deeper correction phase and increase selling pressure in the market.
Large 1000 points drop - panic drop signal possible rebound dipThe Dow had a strong dip yesterday and this shows a price in exit after the Fed announcement yesterday. Due to the sudden drop that coincides with the pocket of support at 41,700-42,300, the DJIA may signal a possible rebound. Despite declining momentum, the psychological of the market and price action signal maintain the uptrend sentiment. Hence, we maintain our long-term target at 46,000
US30 SELL ANALYSIS RISING WEDGE PATTERN Here on US30 price has form a rising wedge pattern and is likely to fall as the line 43340.8 has broken so trader should go for short and expect profit target of 43160.4 and 42970.1 . Use money management
Bullish possibility YM may likely break the green trendline with the motive to go towards the top. However, failure to break the trendline to the upwards may mean bearish continuation.
US30 SELL to trend line idea *I am in no way a financial advisor and you should always do your own due diligence before placing any trade. Do not trade what you are not comfortable with losing. No trade is guaranteed.
Dow Plummets 1,100 Points Amid Fed’s Hawkish GuidanceMarket Reacts to Limited Rate Cut Projections and Elevated Economic Uncertainty
Dow Drops 1,100 Points in Turbulent Session After Fed Announcement
Investors rushed to reduce exposure to risk assets on Wednesday after Federal Reserve Chair Jay Powell signaled a shift in the central bank's outlook for 2025.
The Dow Jones Industrial Average plunged over 1,100 points following the Fed’s anticipated 25-basis-point interest rate cut and its updated forward guidance. While the rate cut was expected, the announcement that only two cuts are projected for 2024 rattled investors. Powell’s message marked the end of an extended period of monetary easing, further weighing on market sentiment.
This marked the Dow’s tenth consecutive losing session, a streak not seen since 1974, when the index endured eleven straight losses.
Technical Analysis
The Dow's price dropped more than 4.5% ahead of Powell's speech, maintaining a bearish momentum. Stability below the pivot point of 42,590 suggests further downside potential, while a close above this level could indicate a reversal.
Today, the U.S. GDP release will be a key driver of market movement:
If the GDP comes in below 2.8%, it may support a bullish move toward 42,770 and possibly 42,900.
If the GDP exceeds 2.8%, bearish momentum could drive the index toward 42,380 or even as low as 41,120.
Key Levels
Pivot Point: 42,590
Resistance Levels: 42,770, 42,900, 43,190
Support Levels: 42,380, 42,150, 41,970
Trend Outlook
Bullish Momentum: If the price stabilizes above 42,590.
Bearish Momentum: Likely to persist with stability below 42,590.
US30 Falls to 42200 and is now in buyers ZoneUS30 Falls yesterday causing much of the traders to lose their bullish trades. The market faked like it wanted to go bullish but slid over 250 points. Price is currently closer to support 42300 and is likely to continue to consolidate between here and 92900. This is a zone to take small intraday trades to make up for any losses sustained with yesterday's slide.
For bullish confirmation look for a retest above 42900.
Be careful by paying attention to look for higher highs and higher lows.
Be safe out there. Good trading.
How to Identify Market Downtrends Without Fundamentals🔍 A Fundamental Perspective
On December 18, 2024, the Federal Reserve cut interest rates by 25 basis points, bringing them to a range of 4.25%–4.5%. However, their guidance suggested a slower pace of rate cuts in 2025, with projections of only two reductions instead of four as previously expected.
This cautious stance, driven by lingering inflation concerns and a resilient labor market, triggered a sharp market sell-off. The Dow Jones Industrial Average (DJIA) plummeted over 1,100 points, recording its steepest single-day drop since 1974.
🔍 Market Breadth: A Technical Perspective
If you’re not tracking fundamental events, Market Breadth indicators can offer valuable insights into market trends and the health of the index.
1️⃣ US30 Market Breadth EMA 20
The histogram bars in yellow reflect the number range of stocks in the DJIA with strong uptrends. Recently, the height of these bars has been steadily declining, signaling that fewer stocks are maintaining bullish trends.
2️⃣ Market Breadth MACD
Conversely, the red line of the MACD indicator, which represents stocks in a strong downtrend, has been rising. This divergence indicates that bearish momentum is building across the market.
3️⃣ Market Breadth EMA Alignment
The red line crossing above the green line in this indicator confirms a strong downtrend, providing additional evidence of bearish dominance.
📈 Price Action Analysis
The price has broken below the ascending channel, which further supports the bearish case. Combining this with signals from the Market Breadth indicators strengthens the probability of a sustained downtrend in the DJIA.
✅ Key Takeaway
By analyzing Market Breadth and combining technical indicators, you can gauge the market's strength even if you're not following the fundamentals. As DJIA breaks below critical technical levels, traders should exercise caution and watch for further confirmation of bearish trends.
DOW JONES 13-year pattern that never failed eyes $48000.Dow Jones (DJI) gave us the best bullish break-out signal exactly 1 year ago (December 13 2023, see chart below), as our buy entry at 36577 hit our 42900 long-term Target last October:
At that time we made a clear point why that rally 'shouldn't surprise you' and it is because of this pattern's consistency for so many years. This 1W time-frame chart shows the cyclical behavior of the index, which peaks (Sine Wave top), then pulls back and starts forming a Rising Wedge (Sine Wave bottom) and when it breaks above the Rising Wedge, is where it flashed the bullish break-out signal we got a year ago.
As you can see it then starts a gradual rise on the BB20 and completes the Cycle again (Sine Wave top) after roughly a +47% rally. The title mentions that this pattern 'never failed', practically it only broke during the COVID flash crash, which was a non-technical event than occurs once every 100 years. As you can see even the 1W MACD sequences between the cyclical patterns are identical.
As a result, our Target towards the Sine Wave peak is 48000. If this is achieved in Q2 2025, based on Dow's current Channel Up (dashed), then we expect the index to remain on those high levels but turn more neutral sideways towards the end of 2025 and then eventual start of the new Bear Phase.
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US30 Finally Bullish After over 9 sessions of Bearish MovesUS30 is currently showing a bullish move. Its time to eat ppl.
Take your longs and hold them. We are in for a ride. Look to take additional longs at the market allows.
Look for retests of certain supports as price rises to take advantage of opportunities being presented.
Happy Trading.
