Swing Trade Idea#3Price break below well respected point of interest zone (support). Now we expect price to pull back to retest the supply zone to sell.
US30 trade ideas
US30 is in downtrendUS30 is in downtrend on hourly chart price is making higher highs and lower highs, current levels are good for shorting price has taken a correction and know showing bearish signs.
Dji can fallDow Jones (dj) analysis: We are cautious due to the break of an ascending trend line and the formation of a rising wedge pattern 😐. But we are not afraid because the indicator is positioned above the gap support points, which are “41832” and “41723”. #DJI #ndx next post ⬇️⬇️
If these levels are broken, I advise easing up and opening selling deals, and I do not advise repositioning except at 40,000 to 40,400.
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Note the decrease in volume peaks as you ascend ↖️ And the height of the peaks in the fall ⬇️ It could be a trap for sellers. Just watch to confirm the breakage.
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US30 Plan For Coming DaysI am Planning Short for Us30, Because Price Rejected from High, 42,000 Level in Card for Coming Days.
DJI is not my friend next monthLooks like DJI might close with a "shooting star" candle. It's been a nice run and RSI needs to cool down. If this plays out we might be looking at another red month next month (40,800 target).
DOW/US30, good time for a longTeam, US30 looking for bullish today
got entry at 42254 and add more at 42267
STOP LOSS AT 42225
Target at 42315
Target at 42368
and Target at 42415
Once the price hit first target at 42315, take some partial 50-60% and bring stop loss to BE
Dow Jones - There Is A Lot More Upside!Dow Jones ( TVC:DJI ) is just starting the next bullish impulse:
Click chart above to see the detailed analysis👆🏻
The Dow Jones is anything but bearish and over the past couple of months, value stocks in general have actually been outperforming growth stocks significantly. I do expect all time highs on basically all major indices and the Dow Jones might even head for the $50.000 mark next.
Levels to watch: $50.000, $35.000
Keep your long term vision,
Philip (BasicTrading)
US30 Analysis in Elliott Waves - Anticipated Correction ScenarioUS30 Analysis in Elliott Waves - Anticipated Correction Scenario :
Fibonacci extensions. This level often signals a potential reversal point, suggesting that a significant correction may be approaching in the short term.
We anticipate a possible correction towards Fibonacci levels, around 23% to 38% of the third wave. The end of this third wave has also formed an ending diagonal, reinforcing the likelihood of a pause or reversal in the trend.
Awaited Confirmation Signals
To confirm the potential for a correction, several technical signals are in place:
Divergences on MACD and RSI: A bearish divergence is present on these indicators, indicating a weakening of bullish momentum and increasing the likelihood of a trend reversal.
Break of the Trend Line: Although the market is still in an uptrend, the break of this trend line would provide final confirmation of the end of the third wave and the start of a deeper correction. Monitoring this break is crucial before entering short positions.
Price Action: On the weekly chart, a Bearish Engulfing pattern has already been observed, further supporting potential sell signals.
Price Targets
First Target (TP1): 38,418, a key support zone expected to serve as the initial correction target.
Second Target (TP2): After a minor bullish correction, we could aim for the 33,735 area as the final target of this downward phase.
After this anticipated correction, we’ll reassess the market to look for new buying opportunities if the bullish trend resumes.
US30 IS GOING TO FALL GO SHORT Here on US30 price form rising wedge pattern and now break line 42656.9 so is going to fall more so trader should go for SHORT with expected profit target of 41419.9 and 40233.0 . Use money management
US30 SELL ANALYSIS RISNING WEDGE PATTERNHello trader, What do you think about US30? Here on US30 price form rising wedge pattern so as line 42618.4 has broken so is likely to fall more so trader should go for SHORT with expected profit target of 41285.6 and 40083.4 . Remember to like and share your thoughts in the comment!
Potential bullish rise?DJ30 is reacting off the support level which is an overlap support that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 42,451.35
Why we like it:
There is an overlap support level that aligns with the 61.8% Fibonacci retracement.
Stop loss: 42,118.34
Why we like it:
There is a pullback support level that is slightly below the 78.6% Fibonacci retracement.
Take profit: 42,790.14
Why we like it:
There is a pullback resistance level that aligns with the 50% Fibonacci retracement.
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DOW JONES: testing the 4H MA200 and is expected to rebound.Dow Jones is on a neutral 1D technical outlook (RSI = 48.958, MACD = 306.300, ADX = 31.951) as the Channel Up pulled back to almost test the 4H MA200 for the first time since the September 11th Low. This is basically the top of the support zone of the Channel Up and based on the 1D RSI, a strong buy candidate. We turn bullish, aiming at the 1.5 Fibonacci extension (TP = 43,900).
See how our prior idea has worked out:
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Potential bullish rise?US30 is reacting off the pivot and could reverse to the pullback resistance level which aligns with the 50% Fibonacci retracement.
Pivot: 42,387.94
1st Support: 42,084.97
1st Resistance: 42,759.06
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NEW IDEA FOR DOW By examining the trend in the four-hour time frame, the Dow Jones index has important support in the range of 42365, and now, provided it is maintained, the rate can rise to the resistance of 42978.
Dow Jones Short Term Sell IdeaH4 - Bearish convergence
Currently it looks like a pullback is happening.
H1 - Bearish trend pattern
Currently it looks like a pullback is happening
Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
Stock market still in expansion phaseStepping back to longer timeframes, it's often easier to see the forest from the trees. It's easier to see patterns. For instance, you can see the rising RSI pattern that follows a long time-frame bull run. When the market starts substantial pullbacks, it breaks that trend to the downside and starts a new trend. That switch results in a recession and a longer timeframe cooling of the market. Currently, it seems we have not reached that point. That is not to say we could not quickly fall into that pattern, but understanding where we are at in a cycle is as import as the decisions we make when the market changes.
Dow Jones ready to break the support?it shows a good top formation on Dow Jones, exactly 161.8% external retracement, and strong daily candle close for the bearish.
So i will go with the short and stop above the top.
See you at the bottom!
CHEERRRSS!
DJIA H4 | Potential bullish reversalDJIA (US30) is falling towards a swing-low support and could potentially bounce off this level to climb higher.
Buy entry is at 42,779.36 which is a swing-low support that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 42,320.30 which is a level that lies underneath an overlap support and the 23.6% and 61.8% Fibonacci retracement levels.
Take profit is at 43,369.56 which is a swing-high resistance at the all-time high.
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US30 LONGS-Market is respecting daily tm 4hr, & 30min support
- FVG at 42555 needs to be revisited
-RSI currently at 30
- Expecting lower high to be created by London session or sooner
- Weekly support got hit today
Easy technical analysisTraders who have just started their work try to use more indicators in technical analysis and this makes them discouraged in their work and the analysis is boring for them. to find, we did the same thing in image B by several indicators, the result was almost the same, but in image A, we are more certain and it is easier to make a decision to trade, know that all indicators move with cash flow and you yourself You can recognize the direction of market flow earlier, so don't lose the way of correct analysis.
