US30 Expected moveI'm expecting price to come back to fill the NWOG before continuing with the uptrend
US30 trade ideas
Check the trend It is expected that the downward trend will fluctuate in the current support range, then a trend reversal will be formed and we will see the beginning of the upward trend.
Otherwise, it will be possible to continue the downward trend until the next support range
US30 shortHere is why:
- Price has formed a bearish setup on the 4 hour timeframe.
- Waiting on price to show signs of a bearish setup for me to enter the trade.
Bearish drop?DJ30 is rising towards the resistance level which is a pullback resistance and could reverse from this level to our take profit.
Entry: 40,629.65
Why we like it:
There is a pullback resistance level.
Stop loss: 41,194.90
Why we like it:
There is an overlap resistance level that lines up with the 61.8% Fibonacci retracement.
Take profit: 39,867.90
Why we like it:
There is a pullback support level that is slightly above the 61.8% Fibonacci retracement.
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US30 - Daily Resistance / Bearish ContinuationFX:US30 reached the daily resistance level and was unable to continue the bullish price action. Price has formed bearish structure on 4 hr after forming bearish divergence on the chart. I am expecting the bearish trend to continue before price can trend higher.
US 30 - Ranges overview Not much happening from an overall perspective in the markets since we’ve started September.
Overall ranges are pretty clear from here. Here is what I would be looking at for this week.
IF we fail to hold the current lows expect us to continue lower towards the sellside sitting around 39880 expect. Any clean break below 39880 and we’ll continue lower towards the HTF sellside (red line)
IF we hold the current lows we should expect a run back towards the buyside resting about 41000. If we close above and hold expect us to continue higher.
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.
THE DOW.Right before the new week starts, I thought I should share this trade that I've already entered. I advice that traders who feel like jumping on this trade should wait for a confirmation that is inline with their trading strategy and models of their preference. Hoping everyone will have a profitable week. Happy Trading!
US30Dow Jones symbol analysis 4 hours time frame
The price can fluctuate in the specified areas. If any of the areas fail, it will be updated.
US30 KEY LEVELS FOR 09/09/2024**Explanation:**
This trading system helps you avoid blind trades by providing confirmation for better entries and exits. It considers volume, past prices, and price range.
**Entry/Exit Points:**
- **Entry/Exit Lines:** Use the GREEN line for long trades and the RED line for short trades, based on confirmation from your trading plan.
- **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the GREEN line above.
- **Take Profit:** For long trades, target the next RED line above. For short trades, target the next GREEN line below.
**Timeframe:**
Use a 5-minute timeframe for trading.
**Risk Disclaimer:**
This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
US30 Analysis - BearishPair Name = US30
Timeframe = D1
Analysis = technical + fundamentals
Trend = Bullish
Pattern = Channel
Key Level = 39200
Explanation :-
US30 is Forming the Channel Pattern. Gradually Volume Decreasing. In this Drop it can hit the key Price Level 39200.
Roaring 20s, Roaring 20s Paralleled 100 Year Event. Roaring 20s, Roaring 20s Paralleled 100 Year Event.
During 1920s - 1930s we experienced a "pandemic event" in both scenarios *odd*.
It created a shock crash followed by a pandemic rebound that the masses called "bubble" this is where valuations broke due to a black swan event.
We use the SMA 2D (200) that shows the larger trend of the market and we see similarities of this "bubble" crash bounce in 1922-1924, oddly similar to 2022-2024 right?.
What's even more dangerous about today is the market in the roaring 20s was held back by the Gold dollar peg, today? we don't even have that. We just have interest rates.
Following the 1924 situation the New York FED cut funding rates to avoid a "unemployment crisis" and it began the fueling of the final stage of a major bubble.
Differences? during the pandemic in the 2020s Governments forced central banks to print trillions and trillions and enforce lock downs to stop the circulation of the currency. Following this they then raised interest rates globally sucking capital back into "bills" "Money Market Funds".
What happens next?, the FRED will cut interest rates aggressively to avoid unemployment spiking trying to front run the future and in return these rates being lowered will rally bonds and release capital and new leverage back onto the market based on the debasement of QE we experienced. Yes the QE during the pandemic barely touched the markets where people were calling 2022 a "bubble".
SPX/USM2 has broken out of a major trend while the FRED aggressively raised interest rates indicating this new "trend" cannot be contained without raising rates higher and its impossible to do so with the Government debt interest.
A new bubble fueled by
"Artificial Intelligence, Bitcoin, Electric Cars, Robotics, Biotechnology"
could be rivalling the
"automobile, radio, and electricity" fuel of the 1920s.
The big question is does it end in a giant crash without a depression? and the answer will ultimately be how well the leveraged is contained in the later stages of the market.
The last few candles show a clear declineCurrent Price Action :
The Dow Jones Industrial Average (DJI) is currently trading at 40,345.42, with a notable drop of 410.34 points (-1.01%). This indicates a bearish move.
The last few candles show a clear decline, indicating potential weakness after a recent rally.
Bollinger Bands :
The price is close to the middle of the Bollinger Bands. It previously reached the upper band in August, showing overbought conditions, and is now moving towards the middle or lower band.
The widening of the Bollinger Bands suggests increased volatility in recent sessions.
Support & Resistance :
Support: The lower Bollinger Band (~37,122) could act as the immediate support level. A fall below this level could signal further downside potential.
Resistance: The upper Bollinger Band (~42,400) and the recent high (~41,585) are potential resistance levels that the price may struggle to break.
Trend Analysis :
The current trend on this daily chart shows a short-term downtrend. However, considering your usual approach of referring to weekly and monthly trends, it might be worth checking those timeframes to assess if this is part of a larger correction in a long-term uptrend.
Conclusion :
Short-term outlook: Bearish, with potential for more downside if support at the lower Bollinger Band breaks.
Key Levels to Watch: Resistance at ~41,585 and support at ~37,122.
Volatility: Expect increased volatility due to the widening of the Bollinger Bands and recent price action.
US30USD Market DecisionThis index has been forming a rising flag for the past few weeks, failed to retest the upper trend line and I do anticipate that the price might complete the pattern by touching the lower trend line.
An analysis using a shorter time frame will follow up...
US30, wave 5 should start now towards 42kLooking at US30 we have a high probability of turning into bullish again.
RSI long signal
Strong daily support
Bullish Engulfing candle
Possible wave 4 low
I expect new ATH to be build soon
Next week Analysis (US30) Daily candle closing on a strong sell with no wick showing further drop on the Monday to the 40,100 zone hitting TP. SL has been adjusted in the Green now 40,500. There is a strong support area between 40100-39800 will watch a strong move here to the upside to possibly retest 40700
Will be looking to Long in this area as it has shown great support in the past. I will be aiming for the previous support zone
Happy trading
Have a great weekend
I AM
Testing the lower barriersUpward movements to retest the highs failed. Price we'll find support at the lower barriers!
US30: Sell Opportunity After Red Line RejectionUS30 has shown a strong rejection at the red line, signaling a potential sell trade. Keep an eye on price action as it approaches the green levels—possible bounce zones where a reversal could occur. These key areas may provide both continuation and counter-trend opportunities for day traders.
Got questions about these lines? Drop a comment, and follow for more real-time insights!
Disclaimer: This is not financial advice. Always trade responsibly!
US30 - YM I love when the markets move smoothly like this. There are good day trade and scalp moves to catch 100-300point moves which are my type of moves. Bullish or Bearish doesn't matter good technicals will help make good profit.
US30 -near to support? What's next??#US30.. Dow Jones is just near to his supporting area.
And if market hold it then bounce expected from here .
Keep close and stay sharp
Good luck
Trade wisely
US30= BuyTrend to the upside continues with a three wave structure being completed along with the B wave coming to an end, heading now towards the C wave.
Lets see how it goes
AMD IN DEPTHIn the following video, I'll explain what the Power of 3 is, how to use, how to spot it, and how to apply it to your trading.
US30: A record Higher High is On The Way $43000! Swing TradeBLACKBULL:US30
Fundamentals supports our idea, while looking at the technical side we can confirm that price will drop around 39k to 39.5k this is the zone which remain a key level for the big buyers. Ideally we would wait for price to approach our key level and then take buy entry. However, we might see early price mitigation around $40000 region. Good luck.
