US30 LONGOn weekly timeframe we broke important level and also took the last weekly low. Hit fib. level and show bullish pressure on daily timeframe. Level where be closed above.Longby xFloVls2
Dow to rally higher?Hi Guys, The US 30, Dow Jones, is still looking quite bullish and I posted recently about the index heading towards resistance. That resistance is the blue box on the chart and the line within the box being the all important 1.618 retracement of bear market high to low. Since that time there has been a pullback which has seen price back down to the lower part of the nicely formed channel the dow has been travelling in and found support where it should,.... at previous resistance and the 20MA, indicating the bulls are still wanting to go higher. If we do get a rally and a push higher then the DOW will be heading into that mentioned resistance zone. If we take a fib based extension of the latest impulsive move on daily timeframe, then the 1.0 fib extension lands precisely at the same point as the 1.618 retrace I mentioned. This further strengthens the possibility of strong resistance at that point. Along with that the DOW will be headed to the top of the nicely formed channel and would be ideal if price does not touch the top of the channel, which would indicate loss of momentum heading into the zone. Also if we get the move higher daily RSI will likely head into overbought territory and may show divergence, which would be really nice confluence in that zone. ( I have drawn a dashed line on the RSI , with what that may look like). The weekly timeframe also has the entry point of a massive butterfly harmonic pattern at that point. I am hoping that we do get a rally higher because there will be great confluence at that zone and nice sell opportunity with great risk to reward. Safe Trading all.by elyask120Updated 221
The Bane of TradersPrice never gets faked out. Traders do. A blow-off top, a black swan, a trend break. All of these can easily become TRAPS-101. The winter is coming. Time to turn back your clocks. November 1994 November 2015 November 2023 No more words are necessary. No conclusions, no signatures.Editors' picksby akikostasUpdated 1616160
US-30-------BullishTrend is making higher and higher low .trend is supporting the trend lineLongby ali110021
DOWJONES RoadmapHi, this is roadmap of dow jones that describe that price can raise t ~ 41016 which can touch ~41120 by shadow. after that the price will prepare for bearish trend and create a very nice trigger area for short position by an excellent R/R. GOOD LUCK UShortby sadeghyousefii333
us30 market projection wave sembang sembang sampai subuh market projection for next weekby RGWiner690
US30USD Pattern FormationThis index has been forming a bullish pennant for the past few days. It has retested the resistance zone, which has now converted to a support zone. I do anticipate that this index will continue with its bullish and a follow up analysis using a shorter time frame will be done so that we can have a clear entry point. Longby Vapari_Inc112
US30 LongUs30 for long will we see new historical peaks? i say yes It is not financial advice Just my analysis for the chart ULongby abojodkafiUpdated 0
Risk tolerance is increasing in the market By examining the trend in the daily time frame, the Dow Jones index, having an important support interval in the range of 40348-40078, can increase up to the resistance of the previous ceiling in the range of 41360.Longby arongroups227
US30 BUY & SELL IDEAPrice just broke out of the resisting trendline and changed character impulsively, now we wait for an accumulation to confirm a valid choch then we take buys to the upside. As soon as price gets to the 2h supply, we patiently wait for price to move from buyers market to a bearish marketby Rhody3316
US30 shorts updatePrime example of why trading countertrend can get messy. Took a short yesterday and got stopped by 3 pips (it happens). However, we’re now seeing US30 respecting a weekly imbalance and also shifting structure to the upside on the 4H. I’ll be looking for a pullback early next week before positioning for longs assuming this structure holds. by AntRaibz0
US 30 - Ranges overview (update) As we discussed earlier in the week...IF we held the current range lows we should expect a run back towards the buyside liquidity and possibly ATH (on the longer run). We are currently back above the 4H FVG (yellow box). We are right into an imbalance so let's see how we trade from here. IF we hold these current highs expect further pa to the upside. IF we fail to hold these current highs expect us to retrace towards the 4H FVG. PLAN...PATIENCE....EXECUTION As always I hope you've had a great week and that your trading week was even greater. As always...your bottomline of the week (positive or negative PNL) only represents your results for this week... USE IT AS FUEL AND DISCIPLINE FOR THE REST OF YOUR TRADING JOURNEY. 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.by Patrick2707220
Recap of my 3 trades today during NY Session, DJ30, Gold and WTII took 3 quite successful trades today, DJ30 FGD parabolic blowoff long, Gold also parabolic long, filling Single Prints above, WTI FOH continuation, low hanging fruit blowoff short... 10:33by TC8882
Wall Street ShortAfter rebounding from the upper trendline, it seems that this index is forming a rising flag, which IMO is a strong indicator for a bearish momentum. Based on the previous analysis I had done, I anticipate that the price will complete this pattern at 39000. Entry position at 40100, Sl at 40600 and TP at 39000Shortby Vapari_IncUpdated 3
Dow in H8 chartHello It is supposed that the price 38,010 was the low of wave II and we can expect rally to continue but nothing is valid unless the confirmations are met. If you want to enter so you must get the first confirmation at least and for those conservatives second confirmation is necessary. Please consider that I always talk about EW principles in my ideas and I use it to find a whole conception of the market as well as trends directions. I never use it to set up my entry point. I recommend Volume Trading for this issue. Thanks Longby AMA_FXUpdated 3
DJI Is Bullish! Buy! Take a look at our analysis for DJI. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 39,843.73. Considering the today's price action, probabilities will be high to see a movement to 40,793.56. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProviderUpdated 223
US30 More Sells I thinkI think it makes more sense logically for US30 to continue to drop and I do believe it has the means and liquidity to do so. That being said, I wouldn't attempt to try to trade anything on it as of current because it (like gold) is confusing and chaotic. I will probably be sitting this one out. Have a good rest of your day folks!Short06:46by Brandon_evo44
US30a closer look at what I'm waiting for. Enter only with confirmation. We still hadn't hit the higher time frame's resistance or supply.Shortby Cryptosours3
US30Just a simple trade, waiting for confirmation, managing money, and then jumping in. Thank me later.Shortby Cryptosours1
US30- SHORT Trade CallOn 1 H, Bearish divergence is present. It is expected that trend may reverse, therefore, SHORT Trade may be taken while price chart retraces. SHORT Trade Entry Sell Stop : 40850 Stop Loss: 41000 TP1: 40700 TP2: 40550 Shortby Golden_SpurUpdated 4
Trade Signal: Dow Jones (DJI)Trade Signal: Dow Jones (DJI) Position: Sell Entry Price: 39,940.00 Take Profit Levels: First Take Profit: 38,940.75 Second Take Profit: 38,000.00 Stop Loss: 40,655.00 Trade Summary: We recommend initiating a sell position on the Dow Jones index at the entry price of 39,940.00. The initial target for profit taking is set at 38,940.75, with a further target at 38,000.00. Ensure to set your stop loss at 40,655.00 to manage potential risk. Risk Management: Please ensure proper risk management and adjust your position size according to your risk tolerance. Disclaimer: This signal is provided for informational purposes only and does not constitute financial advice. Always conduct your own research and consult with a financial advisor before making trading decisions.Shortby GODOCM0
Check the trend A corrective trend is expected to form up to the specified support range. Then it will be possible to change the trend and start the upward trend Otherwise, it will be possible to continue the correction process up to the level of 78.6% by STPFOREX1