Bullish pullback The indice might retest the established highs, after bouncing back up from the support structure. However, the indice may continue it's downward trajectory if it fails to continue upwards and also by stabilising below 41,886.
DJIA trade ideas
US30 BEARISHUS30 continuous its beaeish trend in h1
printing HH & HL
NO sign for reversal
good to sell
US30 (Dow Jones industrial average) Daily At this current stage of retracement, we saw price slipping lower towards low of month/ higher high that broke structure to the upside📈. Look carefully, we have a few key factors that will influence our market as this is nfp week as well. For all we know, price remains bullish overal on weekly and daily TF📈. We have 📉bearish internal structure which could be aligned with a weekly setup before nfp.
Look at our blue/green Fibonacci retracement tool:
- price has formed swing high & swing low
- Price is at discount zone asour market is worth FWB:42K at current market price and is expensive to buy more assets to fuel a bigger trend.
- we have a POINT of interest around price GETTEX:41K
This exact zone is at a weekly demand zone that has an inducement LTF zone (current demand price is reacting to). It is also an unmitigated demand zone on daily timeframe.
This is no trading signal but you can find a good entry on 4H timeframe respecting our bearish internal structure
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US30 (Dow Jones industrial average) Daily At this current stage of retracement, we saw price slipping lower towards low of month/ higher high that broke structure to the upside📈. Look carefully, we have a few key factors that will influence our market as this is nfp week as well. For all we know, price remains bullish overal on weekly and daily TF📈. We have 📉bearish internal structure which could be aligned with a weekly setup before nfp.
Look at our blue/green Fibonacci retracement tool:
- price has formed swing high & swing low
- Price is at discount zone asour market is worth FWB:42K at current market price and is expensive to buy more assets to fuel a bigger trend.
- we have a POINT of interest around price GETTEX:41K
This exact zone is at a weekly demand zone that has an inducement LTF zone (current demand price is reacting to). It is also an unmitigated demand zone on daily timeframe.
This is no trading signal but you can find a good entry on 4H timeframe respecting our bearish internal structure
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Could US30 drop from here?The price is rising towards the resistance level which is an overlap resistance that lines up with the 23.6% Fibonacci retracement and could drop from this level to our take profit.
Entry: 42,413.14
Why we like it:
There is an overlap resistance level that aligns with the 23.6% Fibonacci retracement.
Stop loss: 42,768.22
Why we like it:
There is a pullback resistance level.
Take profit: 41,939.71
Why we like it:
There is a pullback support level.
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US30 BUY ANALYSIS US30 BUY ANALYSIS
Technical Analysis:
1. Ascending Channel:
• The price is trading within a well-defined ascending channel. The current position of the price is at the lower boundary of the channel, which typically acts as a strong support zone.
• Buying near the lower trendline is a strategic move, as the expectation is for the price to move back up towards the upper boundary of the channel, following the trend.
2. Support and Risk Management:
• The lower channel boundary aligns with a previous key support level, increasing the probability of a bounce. This provides a favorable risk-to-reward ratio, with a clear stop-loss below the channel.
• The trade setup targets a move to the upper channel boundary, offering a potential upside while keeping risks managed.
3. Bullish Momentum:
• The overall structure remains bullish, with the price making higher highs and higher lows within the channel. This indicates that the broader uptrend is intact, making a buy position at support more attractive.
Conclusion:
The decision to buy US30 here is based on the current position within the ascending channel, taking advantage of the support provided by the lower trendline and targeting a potential move back towards the channel’s upper boundary for profitable opportunities.
USA30 H1 time frame possible entry.Hi traders am expecting a rejection from 41800 n a bit of consolidation before a pick however we are on earnings report since last week,if you want to trade it well do your own analysis in smaller time frame n see if you gonna find same zones n see where you can place stop looses I recommend you to hold a trade for week if you are to talking it atleast for better bread your risks is the one that's gonna tells you how long you can last in the trade thanks.
US30 H4The Dow Jones continued its decline and did not give us a chance to buy based on the previous analysis. The Dow Jones has reached a very difficult area so far, a no-decision area. Therefore, we must wait and see who will win.
DOW JONES - Short from bearish OB !! Hello traders!
‼️ This is my perspective on DOW JONES.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. My point of interest is imbalance filled + rejection from OB.
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US30USD Will Go Higher From Support! Long!
Here is our detailed technical review for US30USD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 42,119.2.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 42,845.4 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
Dowjones- us30 forcast Dow jones is negative, we may see alittle retracement upword and down trend continue .
Target in analysis .
US30 I Potential long from bottom of the channel & weekly levelWelcome back! Let me know your thoughts in the comments!
** US30 Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Us30 longUs30 overall momentum is bullish, BOS on H4, imbalance attempt to be refilled at discounted area. Fingers crossed when market opens...
US-30 DJIAThis 4-hour chart of the Dow Jones Industrial Average Index (DJIA), shows recent price action and key technical indicators. The index has been in a bullish trend since mid-September, reaching highs near the 43,000 level. However, recent price action indicates a bearish correction, with the price currently testing support around 42,000.
If the price holds above 42,000, a potential buying opportunity may arise. Initial targets would be set around the 42,800–43,000 resistance.
The seasonality of DJIA during the presidential cycle also shows an upward move from end-October till mid-November.
NEW IDEA FOR DOWJONES An increase in the profits of companies can help to increase the price of the Dow Jones index
By examining the trend in the one-hour time frame, the Dow Jones index has the support of 42078, and now, provided it is maintained, the rate can rise to the resistance of the ceiling of the descending channel in the range of 42879.
Gold Rush Knocks Dow Jones Industrial Average Off Its FeetGold as a value asset continues to shine brightly, having reached a new all-time high near $2,600 on Monday, September 16, marking the 30th all-time high for gold prices this year, 2024.
It is also noteworthy that the Dow Jones Industrial Average (DJI) to gold (XAUUSD) ratio is gravitating to ever lower values, while the time-tested indicator of a U.S. recession, based on the US labor market behavior signaling that one is imminent.
Thanks to @chinmaysk1 and its full of worth open source script Recession And Bull Run Warning, that I truly believe is one of the best over many.
Dj short trade update Hi trades I sent this analysis the day we have NFP it start by going all the way up n come to hit the target this week,soo am going to predict another buys from were it is now which I won't mention exactly the price but am seeing 41800 n 41900 as buying points but am not advicing anyone to take the trades unless they have their own confirmations,trading is risky n you might loose all your capitals take responsibility into your hands and don't blame anyone for looses but yourselfs thank you and I wish you all profitable week coming ahead.
US30 Analysis in Elliott Waves - Anticipated Correction ScenarioUS30 Analysis in Elliott Waves - Anticipated Correction Scenario :
Fibonacci extensions. This level often signals a potential reversal point, suggesting that a significant correction may be approaching in the short term.
We anticipate a possible correction towards Fibonacci levels, around 23% to 38% of the third wave. The end of this third wave has also formed an ending diagonal, reinforcing the likelihood of a pause or reversal in the trend.
Awaited Confirmation Signals
To confirm the potential for a correction, several technical signals are in place:
Divergences on MACD and RSI: A bearish divergence is present on these indicators, indicating a weakening of bullish momentum and increasing the likelihood of a trend reversal.
Break of the Trend Line: Although the market is still in an uptrend, the break of this trend line would provide final confirmation of the end of the third wave and the start of a deeper correction. Monitoring this break is crucial before entering short positions.
Price Action: On the weekly chart, a Bearish Engulfing pattern has already been observed, further supporting potential sell signals.
Price Targets
First Target (TP1): 38,418, a key support zone expected to serve as the initial correction target.
Second Target (TP2): After a minor bullish correction, we could aim for the 33,735 area as the final target of this downward phase.
After this anticipated correction, we’ll reassess the market to look for new buying opportunities if the bullish trend resumes.
US30 IS GOING TO FALL GO SHORT Here on US30 price form rising wedge pattern and now break line 42656.9 so is going to fall more so trader should go for SHORT with expected profit target of 41419.9 and 40233.0 . Use money management
US30 SELL ANALYSIS RISNING WEDGE PATTERNHello trader, What do you think about US30? Here on US30 price form rising wedge pattern so as line 42618.4 has broken so is likely to fall more so trader should go for SHORT with expected profit target of 41285.6 and 40083.4 . Remember to like and share your thoughts in the comment!
US30 potential Sell setupReasons for bearish bias:
- Price gave HL breakout
- Price gave breakout of rising trendline
- Bearish divergence
Here are the recommended trading levels:
EP(CMP): 42500.6
SL: 43434.8
TP: 41566.4
