39300 incoming Short from 41400 Tp 39300..Bulls game over today.. Good luck and safe trade Shortby habib0786416
US 30 short - swing trade (update) As you can see we broke below the current range lows and we are aggressively heading towards the sellside liquidity resting around 41000 Let's see IF the market wants to hunt it and go lower...shaking off and taking off all the bulls trapped at the highs. As always no need to impose your will on the market... JUST FOLLOW THE MARKET AND ITS RANGES. 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.Shortby Patrick27070
DJ30 Breakout continuation tradeClassic breakout continuation trade after an out of balance closing market with entry end of 2nd hour NY Session04:21by TC8882
US 30 short - swing trade Here is a look into the what I am looking for on US 30. Taken two swing shorts....one pre NY open which did not fully go to the tp and another one after the NY open. As you can see we are playing the sellside nicely (red line). Entered both trade on the LTF invalidation and FVG (red box). IF we hold the current sellside (red line) expect us to retrace towards new ATH. IF we fail to hold the current lows expect some aggressive pa towards 41000 No need to rush...PLAN...PATIENCE AND EXECUTE 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. Shortby Patrick27071
US30 buy on new HHUS30 making new HH. BUy with SL below previous HL with risk reward 1:1 Longby AtifDhedhi1
Short Term SellWe should expect a drop on us30 since we have hit our higher high, we have an upper trendline we have set as our take profit. We have a reversal on H4 we can take this opportunity and see how daily close.Shortby OwenT4
us30usd weekly forecast Looking forward to push higher until we form a complete rising wedge Longby kgothatsonkoatse112
Dow Jones: Bearish DXY And Potential UpsidesHey Traders, in today's trading session we are monitoring US30 for a buying opportunity around 40800 zone, US30 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 40800 support area. We would also like to consider the current bearish bias on DXY, due to the negative correlation US30 can benefit from that. Trade safe, Joe.Longby JoeChampion4
US30 / Historical Resistance Reached and New All-Time HighTechnical Analysis: Historical Resistance Reached and New All-Time High As mentioned in the previous analysis, the price has reached the historical resistance level of 41,030, stabilized above it, and recorded a new all-time high of 41,390, continuing its run towards 42,100. Current Outlook: The price is expected to correct to 41,030. Stability below this level would indicate a bearish trend. However, as long as the price remains above 41,030, the bullish trend will likely continue towards 42,100, especially with the strong impact of earnings on the market. Bullish Scenario: Stability above 41,030 suggests a continuation of the bullish trend towards 41,400 and 41,830. There is also the possibility of a retest of the 41,030 level. Bearish Scenario: The bearish trend will be activated if the price stabilizes below 41,030 and closes a 4-hour candle under this level. This would confirm a bearish move towards 40,420 and 40,005. Key Levels: - Pivot Line: 41,030 - Resistance Levels: 41,390, 41,500, 41,830 - Support Levels: 40,750, 40,450, 40,080 Today's Expected Range: The price is anticipated to fluctuate between the support at 40,080 and the resistance at 41,830. Previous Daily chart: previous weekly chart : Longby SroshMayi115
WEEKLY ANALYSIS ON US30Hello friends this what I see on US30 it looks like it will take the upward moment for the whole week. however be careful of the lower support as it can tap there and continue going upLongby ForxTayUpdated 1111
DOW heading into resistance?Hi Guys, The US 30, Dow Jones, is currently heading towards what may be a resistance zone from where sell setups may arise. The blue box with the line through it is that zone and the line represents the 1.618 retracement of bear market high to low. Both the Nasdaq and SP500 reacted to that particular fib retracement from their respective bear market high to low points and the Dow may do so as well. All the signs suggest a pullback is likely. Dow is well extended from its 50dmA, heading towards the zone with momentum, Daily RSI back in overbought and showing divergence (two things together in specified resistance zone makes strong confluence), and lastly a massive butterfly harmonic pattern which has taken so long to develop lands precisely at that point. The Dow is also nearing the top of the bearish channel price has been travelling in lately. Smaller time frame sell setups using BOS, candlestick pattern, chart pattern and break of RSI back below overbought and retest could allow for nice risk to reward trade . Safe Trading allShortby elyask1203
Dows Up!! A 3 Step System - The Rocket Booster Strategy-In this video i talk to you about the rocket booster strategy which has 3 steps: Step#1 -50 Day Moving Average Step#2 - 200 Day Moving Average Step #3 - The Gap Up Trend Watch this video to learn more. Disclaimer:Trading is risky you will lose money wether you like it or not please learn risk managment and profit taking strategies.Long02:34by lubosi2
US30USD Looong!This index has tested and broken above the resistance zone at 39950. If the trend retests this zone, and there are bullish engulfing candles at the zone, then the momentum will continue. My buying entry point is at 40200, with SL at 39700 and TP at 41700, with a R:R target of 1 : 3Longby Vapari_IncUpdated 7
US 30 - Ranges overview Here is an insight into what I am looking for on US 30. Looking to see IF we respect the 5min FVG (red box) IF we fail to close above the current highs will look to short towards the HTF sellside resting around 41000 and 40800 IF we hold the FVG it will act as inverted FVG and send prices higher. Any close above the FVG expect further pa to the upside and new ATH No need to FRONT RUN THE MARKET PLAN...BE PATIENT AND EXECUTE 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 Patrick27071
Papa Dow Breaks OutWhile the tech-heavy Nasdaq 100 is struggling, "The People's Index" is breaking out to fresh record highs. The Dow has comfortably broken above previous resistance near $40K, stretching its gains to above GETTEX:41K so far. While a near-term dip is possible given the overbought RSI indicator, the longer-term bias will remain to the topside (and bulls will be looking to buy) as long as prices remain above $40K. -MWby FOREXcom2
US30 - BuyUS30 buy from break of HH after small consolidation. TPs and SL mentionedLongby AtifDhedhi3
Long DowI think its fair to assume that it is a good time to try to buy into DOW given the declineLongby ScienceBasedTradingUpdated 9
Short US30the price breaks the marked level we put sell stop order already there, we will make a good profit. this is swing trade/Shortby EhtishamAhsan5
Possible sells on us30US30, 1 Hour Analysis: Market Structure: The chart shows a clear bullish trend leading up to the current trading range. A Break of Structure (B.O.S) is identified, indicating a significant move upward. Key Levels: Asia High (Close): This level marks the highest point reached during the Asian trading session. Asia Low (Close): The lowest point during the Asian session. London High (Open): The high point at the opening of the London session. London Low (Open): The low point at the opening of the London session. Change of Character (ChoCh): The ChoCh indicates a potential shift in market sentiment or a possible reversal point. Trade Setup: The chart suggests a potential short position based on the current price action. Entry is marked just below the London High (Open) level. Stop Loss is placed above the recent high, near the Asia High (Close). Take Profit is projected at the possible fill of imbalance around the 40,400.00 level, which is aligned with previous support/resistance levels. Risk Management: The red box represents the risk area for the trade, indicating the stop-loss range. The green box shows the potential reward area, indicating the take-profit target. Additional Observations: The trade aims to capitalize on a potential retracement or correction after the recent bullish run. Monitoring the price action around the marked levels is crucial to validate the trade setup.Shortby ikraamiky1
US30 /Critical Levels & Volume Signal Potential Bullish Breakout Technical Weekly Analysis: US30 (Dow Jones Industrial Average) A Short Outlook on the Previous Movement: The US30 has experienced a strong bullish trend, characterized by an ascending trend line that began around early 2023. The price saw significant gains until it reached a resistance level near 40,970.0, where it faced some consolidation and pullbacks. Recently, the price has been trading within a defined range, testing both support and resistance zones. Current Outlook: The current price of US30 is around 39,218.5, positioned near a critical pivot zone. The market is showing mixed signals, with potential for both bullish and bearish movements depending on the price action around key levels. Bullish Scenario: Key Trigger: A break and sustained move above 40,005.0. Targets: The immediate target would be the yearly resistance zone at 43,040.0. Confirmation: The breakout above 39,575, along with strong buying volume, would confirm the bullish continuation towards 40,005 and potentially higher. Bearish Scenario: Key Trigger: A failure to break above the pivot zone and a decline below the demand zone at 38,700.0. Targets: The price could drop towards the strong support zone at 36,460.0, and further down to 34,430.0 if bearish momentum continues. Confirmation: Sustained selling pressure and a close below 38,700 would confirm the bearish outlook. Key Levels: Pivot Line: 39,218.5 Resistance Levels: 40,005.0, 40,970.0, 43,040.0 (Yearly Resistance Zone) Support Levels: 38,700.0 (Demand Zone), 36,460.0 (Strong Support Zone & Breakout), 34,430.0 Expecting Weekly Range Movement: - The anticipated weekly range is between the support at 38,700.0 and the resistance at 40,970.0. A breakout in either direction would define the next significant move. Preferred Direction: - Given the strong historical bullish trend and the proximity to the pivot zone, the preferred direction leans towards bullish if the price can break and sustain above 40,005.0. However, caution is advised as the market could still face significant resistance. Summary: The US30 is currently at a critical juncture. A breakout above 40,005.0 would confirm a bullish continuation towards the yearly resistance zone at 43,040.0, while a failure to break this level and a decline below 38,700.0 would signal a bearish move towards 36,460.0 and potentially 34,430.0. Traders should closely monitor the price action around these key levels to determine the next major trend.Longby SroshMayiUpdated 4
US30 In the context of trading, "parallel channel breakdown" refers to a specific technical analysis pattern observed on price charts. Here's a detailed explanation: Parallel Channel in Trading A parallel channel is formed by two parallel trendlines that act as support and resistance for the price movements of an asset. There are two types of parallel channels: Ascending Channel: The price trends upward, with higher highs and higher lows. Descending Channel: The price trends downward, with lower highs and lower lows. Breakdown of a Parallel Channel A breakdown occurs when the price moves outside the lower boundary of the channel (in a descending channel) or the upper boundary (in an ascending channel), signaling a potential reversal or continuation of the trend.Shortby B9A-88652-NisarAhmad4
US30 ( TRYING TO CREATE A NEW HISTORICAL PEAKS ) ( 1D )US30 HELLO TRADERS TENDENCY : the price stabilizing above turning level , indicates is under bullish pressure TURNING LEVEL : between 39,855 and 39,106 level , this range of level strong , if the price stabilizing this range create a new resistance level , breaking 39,106 it will trying to reach a support level PRICE MOVEMENT : the price in previously can be created a strong range between 39,855 and 39,106 called turning level , in the last weekly price stabilizing 39,106 , after rising to 40,275, currently price 40,026 , in my think need a corrective before reach a new historical peaks , if the price breaking turning level active bearish zone . PRICE ACTION : two conditions LONG CONDITION : have two cases to rising for reach a resistance level , first case the price corrective 39,855 before rising to resistance level at 40,987 , second case price breaking 39,855 by open 4h candle below this level reach 39,106 after rising . SHORT CONDITION : if the price breaking 39,106 by open 1D candle below this level reach a support level at 38,027 , then stabilizing this level reach a 37,258 . TARGET LEVEL : RESISTANCE LEVEL :40,987 , 41,776 SUPPORT LEVEL 38,027 , 37,258 ULongby ArinaKarayiUpdated 2224
Check the trend It is expected that after some fluctuation and correction to the specified support levels, the continuation of the upward trend will form and advance to the specified resistance levels. If the index crosses the level of 61.8%, the downward trend will continue by STPFOREX3