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US30 trade ideas

US30: Volatile Day Ahead with Key Levels in FocusUS30 Technical Analysis The price has reached our previously highlighted support level at 41,745, bouncing back toward resistance. Currently, as long as trading remains below 41,970, we anticipate a downward trajectory toward 41,750, with further decline potential to 41,560 if breached. Additionally, news events are adding pressure to the outlook. Bearish Scenario: Sustained trading below 41,970 may drive the price lower toward 41,750, and ultimately to 41,560. Bullish Scenario: A break above 42,130 could reinforce a bullish trend, pushing prices to 42,290 and potentially to 42,450. Today’s market is expected to be highly volatile due to the release of the NFP, Unemployment Rate data, and earnings reports, which will likely have a strong impact on indices. Key Levels: Pivot Point: 41970 Resistance Levels: 42130, 42290, 42450 Support Levels: 41750, 41560, 41350 Trend Outlook: - Bearish by stability below 41970 and 41740 - Bullish by stability above 42130 - Consolidation 41970 and 41750 previous idea:
OANDA:US30USDShort
by SroshMayi
Bullish bounce off pullback support?Dow Jones (US30) is falling towards the pivot and could bounce to the pullback resistance. Pivot: 41,894.89 1st Support: 41,497.27 1st Resistance: 42,478.07 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ULong
by ICmarkets
US30 / Dow Jones Buys!!!Analysis Confirmation 1. Fibonacci Levels: I’ve marked the 0.618, 0.786, and 1.618 Fibonacci levels, which align well with potential reversal and target areas. The 0.618 level at approximately 42,327 acts as support, while the 0.786 level around 42,479 provides additional confirmation near the breakout point. 2. Descending Triangle Breakout: Your chart shows a descending triangle with the resistance trendline below the 42,500 area, indicating a potential breakout if the price can close above it. This pattern suggests bearish exhaustion, so a breakout above the trendline could initiate a bullish move. 3. Target Levels: You’ve set the 1.618 and 2.618 Fibonacci extension levels as potential targets, at approximately 42,884 and 43,374 respectively. These strong resistance zones give realistic take-profit levels if the breakout occurs. 4. Moving Averages and Support: The price is supported by the 200-period moving average (black line) and is currently testing the 50-period moving average (blue line). A break and hold above the 50-period moving average could signify bullish strength. Trade Description Entry: - Enter a buy position on a confirmed breakout above the 0.786 Fibonacci retracement level around 42,479. Look for a strong close above this level to confirm momentum. Stop Loss: - Set a stop loss below the 0.618 Fibonacci retracement level, around 42,340, to manage risk in case of a pullback or false breakout. Take Profit: - First target: 1.618 Fibonacci extension level around 42,884, which could serve as the initial resistance. - Second target: 2.618 Fibonacci extension level around 43,374, if bullish momentum continues. Risk Management: - Keep your risk per trade low, ideally around 1-2% of your account balance, especially if this is part of your account growth strategy.
BLACKBULL:US30Long
by Sthesh_Don_Billiato
Dow Jones Wave Analysis 11 November 2024 - Dow Jones rising inside impulse wave 5 - Likely to reach resistance level 45000.00 Dow Jones index continues to rise inside the minor impulse wave 5, which previously broke the key resistance level 43500.00 and the resistance trendline of the daily up channel from August. The active impulse wave 5 belongs to the weekly upward impulse sequence (C) from April of this year. Given the clear weekly uptrend, Dow Jones index can be expected to rise to the next resistance level 45000.00 (target price for the completion of the active impulse wave 5).
TVC:DJILong
by FxProGlobal
Bearish Correction Expected with Key Bullish Trigger at 44270Technical Analysis The price has increased by approximately +5.20% over the past week. Today, a corrective move toward 43900 is expected, with a break below 43760 potentially signaling a bearish trend targeting 43350. Alternatively, a break above 44270 would open a new bullish phase, aiming for 44400 and 44600. Key Levels: Pivot Point: 44270 Resistance Levels: 44400, 44600 Support Levels: 43900, 43760, 43350 Trend Outlook: Bearish Correction toward 43900 Bullish Continuation above 44270 previous idea:
OANDA:US30USDShort
by SroshMayi
US30 Will Go Up From Support! Buy! Here is our detailed technical review for US30. Time Frame: 17h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 44,172.7. Considering the today's price action, probabilities will be high to see a movement to 44,971.3. 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!
CAPITALCOM:US30Long
by SignalProvider
1
Euphoria LONG for TARGET area 49-52kBased on the long term analysis market could probably top in coming months which are seasonaly strong periods for the markets called as Santa Claus rallies and early beginning of the next year in 49-52k area we could reach some turnaround point. We are now still in very nice and strong uptrend when buy on pullback is reasonable still but based on funds massive long exposure which is unprecedent I expect we are coming to the last euphoria stage for markets which may rocket the price to 50k area. I am cautios and will be looking for short entry opportunities then. Now targeting long entries.
TVC:DJILong
by jzavodsk