US30 Neutral - 17th July 2024Here is why; - Yesterday we saw massive bullish momentum and price is now in a new all time high - There are no new levels to work with hence I believe that I will have to wait to see what price will do before I act on anythingby kingmwenja0
Divergence has been formed and a possible 250 pip move coming upAfter a huge rally of 500 pips US30 has formed a bearish divergence and I have sold with a small stop of 30 pip and aiming for 250 pipsUShortby Multi-Maestro1
US30 / Consolidation Continues Between Key LevelsTechnical Analysis: US30 The price has reached the resistance level of 40420, as mentioned in the previous analysis, and has since dropped, consolidating between 40060 and 40420. Current Outlook: The US30 is expected to decline as long as it trades below 40420, targeting 40060. A break below 40060 would suggest a continuation of the bearish trend. Bullish Scenario: For a bullish trend to be confirmed, the price needs to stabilize above 40420, with confirmation coming from a 4-hour candle closing above this level. Bearish Scenario: As long as the price trades below the resistance line at 40420, it is likely to test 40060. A break below 40060 would indicate a downtrend towards 39790. Key Levels: - Pivot Line: 40220 - Resistance Levels: 40420, 40620, 40940 - Support Levels: 40080, 39880, 39600 Today's Expected Range: The price is anticipated to fluctuate between the support at 40060 and the resistance at 40420. Note: Today's earnings reports, particularly from NYSE:UNH , NYSE:BAC , and NYSE:MS , are expected to impact the indices market. previous idea: Longby SroshMayiUpdated 5533
New ATH on Dow Jones, Break Above Bull Channel LineAfter creating bull spike on 2023, DJI has been moving within a bull broad channel since January 2024. At the moment, DJI has broken above wedge top and reached above its bull channel line. In general, breakouts above bull channel line will be reversed into channel area after maximum 3 bars. The whole context is trading range and I'm waiting for reversal down to channel/trading range area for shorts. ** Divergence is also shown on chart and RSI has reached to overbought area.Shortby AmirSoraya2
Us30 Important Levels...Hello Dear Traders, Expecting this Candle to be the top... 40807 Important Levels on the Chart works as Support/Resistance. Please Take Your Entries based on Price action around these levels Will keep you updated. Shortby Magic_xD6
US30 Long Term Outlook Big double top formed and now an inside continuous flag formed. The flag took about a month to form. I'm putting my head on the line here and calling shorts from here all the way to $36000. Could take about four weeks or more to fully play out. Disclaimer: This is not a trade signal and I will not be held accountable for any losses you might incur. Shortby Nonofo-TradesUpdated 6614
DOW JONES INDEX (US30): Bullish Trend Continues US30 index updated the ATH this week. The market managed to violate a resistance level based on the last higher high and close above that. The Index has a nice potential to go higher. Next resistance - 40800 ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader117
Dow Jones index probabilitiesThe possibility of a fall in American economic indices in the long term is painful, but in the short term, investors will inject liquidity into the indices and there is a possibility of an increase again.by sashacharkhchianUpdated 224
DJI Bull market top prediction 2024Basic idea using a possible EWT count on arithmetic chart 48k around November 2024 as a wave 5 completion blow off top Alternative measurement gives target lower down in the EXIT boxLongby Andy1GP2
#DJIA to 40k!We are in a BULL MARKET so the risks are to the UPSIDE, one of an explosive rally as fund managers who have badly gotten the market wrong panic buy propelling the Stock market driven by #FOMO rather than reasoned analysis to far higher than people can imagine. New bull market highs should arrive during summer 2023! All whilst indecision reigns supreme on the likes of twitter in a perpetual waiting for a magic signal with the goal posts constantly drifting as those who failed to act when the knives were fast falling desperately cling onto hopes of the likes of #SPX 3600 and lower to buy Even though if it ever happened they would once more be too fearful act just as they were the last time S&P traded down to S&P 3600 :) My base case is we already had the recession, during the corrective moves of 2022. Longby BallaJiUpdated 225
Dow Jones Sustains Growth: Short-Term Bullish Strategies in PlayDuring the Wednesday session in London, the Dow Jones continued its upward trajectory. After experiencing a pullback at the $39,000 mark, the price resumed its ascent, forming a bullish candle. Our analysis suggests that the price is likely to continue rising until it reaches the Supply area, where we anticipate a potential correction. In the meantime, we are focusing on short-term positions on lower timeframes to capitalize on this bullish continuation. These positions are aimed at taking advantage of the ongoing upward momentum as the price approaches the Supply area. By carefully monitoring the market and adjusting our strategies accordingly, we aim to maximize our gains from this bullish trend before any potential reversal occurs. ✅ Please share your thoughts about US30 in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.Longby FOREXN1Updated 5528
US30 longHello traders, I believe that there is potential upside for the pair and here is why: Monthly, Weekly and Daily Price broke all time highs last week, and therefore, for now it seems that there is infinite potential to the upside for the pair. 4 hour Price has formed a bullish pattern (higher high). Using the fib tool, the -27.2 target has not been achieved yet which is at 40,500. If I am to enter the pair, then I expect a retest of 40,050 so that the pair collects orders before we move to the upside Longby kingmwenja1
Critical Zones for #DJI (#Dow_Jones)The depicted zones are critical for #DJI (#Dow_Jones) .The price can react to them and can be entered in long positions. Up to your entry type and risk management set TP/SL. Do not forget that you cannot succeed in this market without proper risk management.07/15/2024Longby FarshidEMPTRD1
US30Let’s see how this plays out. Friday’s high swept, new york high also taken, next draw of liquidity could possibly be the equal lows. If i get stopped out i get stopped out. by j_qureshi051
The Dow Jones is approaching the selling rangeBy examining the trend in the four-hour time frame, the Dow Jones index is approaching the resistance range of 40445-40261. Currently, it seems that the index can decrease in price up to the support of the bottom of the channel in the range of 39605, provided that the mentioned resistance range is maintained.Shortby arongroups12
US30 / Navigating All-Time Highs and Potential ConsolidationTechnical Analysis: US30 The US30 has reached its all-time high and continues to gain, potentially targeting 40420. The momentum from earnings reports is expected to push the US30 to stabilize above 40420, aiming for 40940. Current Outlook: The price is likely to consolidate between 40420 and 40060 until a breakout occurs, with the initial target being 40420. Bullish Scenario: If the price touches 40420, it should stabilize above this level and close a 4-hour candle above it to maintain the bullish trend, targeting 40940. Bearish Scenario: If the price fails to stabilize above 40420, it may trade between 40420 and 40060. A drop from 40420 to 40060 is possible. Key Levels: - Pivot Line: 40220 - Resistance Levels: 40420, 40620, 40940 - Support Levels: 40080, 39880, 39600 Today's Expected Range: The price is anticipated to fluctuate between the support at 40060 and the resistance at 40420.Longby SroshMayi4
Possibility of uptrend According to the behavior of the index in the current resistance range, possible scenarios have been identified. As long as the price fluctuates above the range of the support trend line, the continuation of the upward trend is likely Longby STPFOREX118
Bullish fvg Us30 swept the low that formed on friday afternoon @ 12 to tap into internal liquidity(30m) fvg im now anticipating bullish orderflowLongby Clear_mind_1
us30 -----Bullishthere is no divergence and trend breaks the resistance take entry from fib 0.6 levelby ali110021123
BosAfter break of market structure the market will return for every internal liquidity by Godzillaviews0
US30 Equities Close Higher as Markets Analyze Producer PricesUS benchmark equity indexes rose Friday as markets evaluated the latest producer prices data, while a survey showed easing consumer inflation expectations. The Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite gained 0.6% each to finish at 40,000.9, 5,615.4 and 18,398.4, respectively. Among sectors, consumer discretionary, materials and technology led the gainers, while communication services was the sole decliner. For the week, the Dow jumped 1.6%, while the S&P 500 rose 0.9%. The Nasdaq added 0.2%by FXBANkthe80550