WS30M trade ideas
US30 | Bearish Below 42610, Eyes on 42410 and 42160US30 | OVERVIEW
The price has reversed and is now under bearish pressure, following stabilization below the 42690 – 42610 zone.
📉 As long as the index trades below this zone, the bearish trend is expected to continue toward 42410, and a 1H candle close below that level could extend the move to 42160.
📈 Alternative Scenario:
A clear stabilization above 42810 would shift momentum to bullish, targeting higher levels.
Pivot: 42610
Support Levels: 42410, 42160
Resistance Levels: 42690, 42810, 43080
DOW JONES Inverse Head and Shoulders close to a bullish breakoutDow Jones (DJI) has completed an Inverse Head and Shoulders (IH&S) pattern, having formed the Right Shoulder supported by the 1D MA50 (blue trend-line).
The price is now slowly rising to test the upper neckline and if broken, expect a strong movement upwards. Technically, such patterns target their 2.0 Fibonacci extensions. The current one is at 49200 and that's our long-term Target. If you seek lower risk, you may target the 1.5 Fib extension.
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Dow Jones Struggles to Reach 43,000 PointsThe Dow Jones has gained more than 1% over the last three trading sessions and is now attempting to consistently reach price levels not seen since March of this year. The bullish bias has remained steady as investor confidence has recovered, driven by ongoing economic negotiations between the United States and China. The potential easing of trade tensions has helped stabilize market sentiment in the short term, and if this trend continues positively, consistent buying pressure could emerge in the index's movements over the near term.
Sustained Uptrend
Since early April, the Dow Jones has maintained a steady upward trend, and so far, selling corrections have been insufficient to break that trend. However, price action continues to face resistance at the trendline, and if this ongoing neutrality persists, the trendline could come under pressure in the coming sessions.
MACD
The MACD histogram continues to oscillate very close to the neutral 0 line, indicating that momentum between the moving averages remains balanced. As long as this behavior persists, the current neutral tone could become even more pronounced in upcoming sessions.
ADX
The ADX line remains below the neutral 20 level in the short term, signaling that average volatility has been steadily decreasing over the past sessions. This has further intensified the market’s neutral tone near the current resistance zone where the price is trading.
Key Levels:
42,700 points: Current resistance zone, aligned with the recent multi-week highs. This level could become the base for a broader short-term consolidation.
43,800 points: A level not seen since February of this year. A return to this area could reinforce the bullish bias and support a more sustained upward trend.
41,000 points: A critical support level that coincides with the 200-day simple moving average. A move toward this level on the downside could threaten the current bullish structure.
Written by Julian Pineda, CFA – Market Analyst
US30 Technical Analysis – 8th June 2025c US30 Technical Analysis – 8th June 2025
🔍 Chart Overview:
The chart shows a classic range-bound structure with clearly defined support and resistance zones.
📍 Key Zones:
🔼 Resistance Zone: ~$42,900 – $43,000
Marked by multiple rejections (🔴 red arrows).
Price has failed to close above this area convincingly.
Sellers are actively defending this level.
⚠️ Bearish pressure likely to increase if price stays below this level.
🔽 Support Zone: ~$41,750 – $41,850
Marked by strong bullish reactions (🟢 green arrows).
Buyers have stepped in consistently in this demand zone.
A breakdown below this level could trigger further downside momentum.
📈 Current Price Action:
The price is hovering around $42,781.3, just below the resistance zone.
The latest candlestick shows rejection from the top, forming a bearish wick, indicating potential reversal pressure.
The large downward arrow (⬇️) on the chart suggests a bearish bias is expected by the analyst.
📉 Outlook & Strategy:
🔻 Bearish Scenario (High Probability):
If price fails to break and sustain above $43,000, expect a move back down towards the support zone at ~$41,800.
A breakdown below support could lead to deeper downside, targeting $41,500 or lower.
🛑 Invalidation:
A clean breakout and daily close above $43,000 would invalidate the bearish setup and suggest potential continuation higher.
🎯 Trading Tips:
🔹 Short Bias: Look for short entries near resistance with tight stops above $43,000.
🔹 Target: $42,200 → $41,800
🔹 Risk Management: Always maintain a good risk-to-reward ratio and use proper stop-loss.
📌 Conclusion:
⚠️ The chart favors a bearish reversal from resistance unless bulls can push decisively above $43,000. Traders should watch for rejection patterns or breakdown confirmations to align with the bearish move
Rush and Choke: Why the Patient Dog Wins in the MarketsWhere I come from, the expression “the patient dog eats the fattest bone” is sometimes seen as a myth—mostly because people want to get it fast. But that mindset doesn’t work in trading.
In this game, you have to be patient. Rushing into trades, chasing the market, or trying to force profits will only lead to unnecessary losses. If you’re not careful, that "bone" you’re so eager to grab might just get stuck in your throat.
Patience in trading means waiting for the right setup, managing your emotions, and trusting your strategy. It’s about playing the long game, not the fast one.
So remember: in the markets, the patient dog doesn’t just eat—the patient dog feasts.
Double Top Pattern Signals Bearish Reversal (Short Trade ActiveThe Dow Jones Industrial Average Index (DJI) on the 4H chart has formed a Double Top pattern, indicating potential trend exhaustion and bearish reversal. The price was rejected near 42,900 twice and has now broken below the neckline, triggering a short trade setup.
🔹 Pattern: Double Top
🔹 Resistance Zone: 42,900 – 43,000
🔹 Neckline Break: ~42,450
🔹 Target Area: 40,878 based on pattern projection
🔹 Fundamental Context: Profit-taking and market uncertainty post recent highs
Bearish momentum active – trade remains valid unless price reclaims and holds above 42,950. Short setup is technically and structurally supported. 📉🧭
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DOW JONES: Turning sideways for summer. Massive rise afterwards.Dow Jones is bullish on its 1D technical outlook (RSI = 58.389, MACD = 425.040, ADX = 23.083) but 1W is neutral, a natural outcome of the ranged trading within the 1D MA200 and 1D MA50in the last 3 weeks. It is possible to see the index staying sideways until the end of August and then attempt to complete a +39.50% rise from its bottom, like both prior bullish waves did. Regardless of this a test of the Channel Up top trendline, gives us a fair TP = 48,000 for the end of the year.
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DOW/US30 - TIME FOR RECOVER DURING UK MARKET OPENINGTeam, very sad day to see Israel missle flying
We can only hope the world in peace
We are now finding opportunity to entry LONG DOW/US30
Please set your target 1 and 2 ranges
Make sure take 50-70% at first target and bring stop loss to BE
then second target
Please review the chart carefully and pricing target
Good luck.
US30 – Price at Key Decision Point 42,810US30 | Technical Analysis
🔺 Current Scenario:
The price is now testing the pivot line at 42,810.
A 4H candle close above this level may confirm a bullish continuation toward the resistance zone at 43,212–43,350, and possibly extend to 43,763.
🔻 Alternative Scenario:
If price fails to hold above 42,810 and drops back below, we could see a pullback toward 42,410, with further downside to 42,158 and 41,777 if that breaks.
Pivot Line: 42810
Resistance Zone: 43212, 43350, 43763
Support Levels: 42410, 42158, 41777
Dow Jones Index Rises Towards Key ResistanceDow Jones Index Rises Towards Key Resistance
On Friday, the Dow Jones Industrial Average (Wall Street 30 mini on FXOpen) climbed above the 42,950 level — a high not seen since early March.
The index has gained around 1.6% since the beginning of June.
Why Is the Dow Jones Rising?
→ Friday’s US jobs report helped ease concerns about the country’s economic outlook. According to ForexFactory, Non-Farm Employment Change came in at +139K, beating the forecast of +126K.
→ On Thursday, Donald Trump and Chinese President Xi Jinping held a call, easing tariff tensions. Market participants also welcomed news that officials may hold trade negotiations in London on 9 June.
Could the DJIA (Wall Street 30 mini on FXOpen) Rally Continue?
Technical Analysis of the Dow Jones Chart
The chart suggests that the 42,950 level is acting as a significant resistance. The price has repeatedly reversed from the 42,660–42,950 area (as shown by the arrows).
At the same time:
→ Friday’s move above 42,950 triggered selling pressure, forming a candlestick with a long upper shadow;
→ This may have been a false bullish breakout of the May high;
→ The price remains within an ascending channel (shown in blue), but the bounces off the lower boundary appear weak.
Given this setup, it is reasonable to assume that intensified bearish activity near 42,950 on the USA30 could lead to a breakout below the channel’s lower boundary.
Additional pressure on the Dow Jones Industrial Average (Wall Street 30 mini on FXOpen) may come from developments in California, where protests have erupted against immigrant deportations, with President Donald Trump and Governor Gavin Newsom trading accusations.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
DOW JONES INDEX (US30): Pullback From Support
US30 shows some strength after a test of a key intraday support.
A cup and handle pattern on that and a violation of its neckline
indicate a local strength of the buyers.
I expect a pullback to 42550
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US30 Will Move Lower! Short!
Here is our detailed technical review for US30.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 42,464.8.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 41,145.2 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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DowJones uptrend retest Key Support and Resistance Levels
Resistance Level 1: 43192
Resistance Level 2: 43620
Resistance Level 3: 44290
Support Level 1: 42100
Support Level 2: 41420
Support Level 3: 40990
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
US30 Set to Break Records? Bulls Eyeing 46K–52K US30 Weekly Chart Outlook – Eyes on New Highs
Technical Outlook — June 6, 2025
Current Market Condition:
US30 (Dow Jones Industrial Average) is showing strong bullish momentum on the weekly chart after rebounding from the key 38,000–39,000 support zone. Price is now trading above the 50 EMA and maintaining distance from the 200 MA, indicating sustained strength in trend structure.
Key Technical Highlights:
Price bounced from the strong demand zone around 38,500.
Sustained recovery above EMA 50 (blue) and holding above short-term swing highs.
Weekly stochastic has crossed bullishly from oversold territory, supporting continued upward movement.
Price currently aims for retesting previous highs around 46,000.
If bullish momentum sustains, the next resistance levels are at 48,000 and 52,000.
Possible Scenarios:
🔸 Bullish Case:
If the current weekly structure holds and no major reversal signs appear, US30 could rally toward 46,000 in the coming weeks. A breakout above that could open the way to 48,000 and eventually 52,000.
🔸 Bearish Case:
Any strong rejection around 46,000 paired with a break back below 41,000 could expose the 38,000 support zone again.
Important Note:
NFP and major U.S. inflation data are due in the upcoming week. Watch out for volatility, especially near key resistance zones.
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Disclaimer: This content is intended for educational purposes only and does not constitute financial advice.
US30 Technical Analysis Based on the Dow Jones Industrial Average (US30) chart as of June 8, 2025, here is a brief technical analysis to assess a buy or sell position:
Key Observations:
Current Price: 42,781.3 (closing price), down -0.23% for the day.
Technical Levels:
Nearby Resistance: 42,888.0 (daily high) and 43,324.1 (intermediate level).
Immediate Support: 42,532.9 (lower level) and 42,150.1 (key support).
Psychological Levels: 43,000 (resistance) and 42,000 (support).
Overall Trend:
The price is trading in a range between 42,150.1 and 43,324.1, with slight recent downward pressure.
Moving averages or other indicators are not visible on this chart, but the volume (63.24K) appears moderate.
Possible Scenarios:
Buy (Long):
If the price bounces from support at 42,532.9 or 42,150.1 with increasing volume, a rebound toward 43,000 is possible.
A breakout above 42,888.0 (daily high) could confirm bullish momentum.
Sell (Short):
If the price breaks below 42,150.1, it could open the door to 41,000.0 (major support).
The weak daily performance (-0.23%) and failure to sustain gains might indicate temporary weakness.
Recommendation:
Wait for Confirmation:
For a buy, watch for a bounce from the mentioned support levels with rising volume.
For a sell, wait for a clear breakdown below 42,150.1.
Risk Management: Place a stop-loss below 42,000 for a buy or above 43,000 for a sell.
Note: Without additional technical indicators (RSI, MACD, etc.), this analysis is based on visible price levels. Use other tools to refine your strategy.
📌 Prioritize trades aligned with the overall trend (currently neutral to slightly bearish on this timeframe).
Let me know if you'd like any further refinements!