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Dow Jones Industrial Average Index

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US30 trade ideas

US30: Bullish Channel Reversal at Key Resistance? My Analysis: The US30 is currently exhibiting a bullish bias, forming a rising channel since April 18th. Recently, the price tested the lower boundary of this channel around August 5th but failed to break down into a bearish trend, suggesting that the move was likely a correction. This correction appears to have been a temporary pullback, with the price now climbing back towards the upper boundary of the channel. Given the current structure, there's a possibility that this bullish trend is short-term. A key area to watch is the 0.786 Fibonacci retracement level, which could serve as a significant resistance point. Additionally, the RSI is indicating overbought conditions, suggesting that the bullish momentum may be losing steam. If the price reverses from the 0.786 level, it could signal the start of a bearish reversal. However, it's essential to wait for confirmation before taking a position. Keep an eye on key support and resistance levels as well as momentum indica tors to validate the next move.
BLACKBULL:US30Short
by ClearTradingMind
US30 / Upward Movement in Equities After Positive CPI ReportEquities Mostly Rise After Consumer Inflation Report Current Outlook: As long as the price remains above 40,060, the trend indicates a potential upward movement. Bullish Scenario: Trading above 40,060 will likely support a rise towards 40,320 and 40,485. Bearish Scenario: If the price reverses and stabilizes below the pivot line at 39,900, a bearish trend may develop, targeting 39,620. Key Levels: - Pivot Line: 40,060 - Resistance Levels: 40300, 40480, 40710 - Support Levels: 39900, 39620, 39450 Today's Expected Trading Range: The price is anticipated to fluctuate between support at 39,900 and resistance at 40,320. Tendency: Upward Movement
OANDA:US30USDLong
by SroshMayi
US30 H4 | Overlap resistance at 78.6% Fibonacci retracementUS30 is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 40,516.27 which is an overlap resistance that aligns close to the 78.6% Fibonacci retracement level. Stop loss is at 41,280.00 which is a level that sits above a swing-high resistance. Take profit is at 39,974.82 which is a pullback support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:US30Short
by FXCM
2
DowJones - 4H Bearish SetupBLACKBULL:US30 has been exhibiting signs of bearish pressure, despite recent upward movements. The chart shows a significant decline below the ascending trendline. The recent upward movement appears to be a pullback, potentially setting up for further declines. Two key resistance zones have been identified on the chart, where the index may face renewed selling pressure. Fundamentally, the broader economic environment is contributing to the bearish outlook. The possibility of a recession looms large as the Federal Reserve has postponed rate cuts in response to persistently high inflation. Rising unemployment claims are another concern, signaling potential economic weakness. These factors are creating an environment where risk assets like the Dow Jones are likely to struggle, and any rallies may be short-lived. The current pullback in the TVC:DJI could provide a better entry point for those looking to short the index. The key resistance levels identified on the chart could serve as optimal zones for initiating new short positions, with the expectation that the index will continue its downward trajectory. Given the macroeconomic uncertainties and technical setup, traders should remain cautious and consider the potential for further declines in the Dow Jones Industrial Average. This cautious stance is supported by both the chart analysis and the broader economic fundamentals.
BLACKBULL:US30Short
by Sober_Trading
US30 ( UNDER CPI PRESSURE ) ( 4H )US30 HELLO TRADERS Yesterday, the Dow Jones experienced a significant rise. Today, due to the release of the U.S. inflation report, the market is expected to show high volatility. From a technical perspective, if the price stabilizes below 39,951, we might see the first and second support levels. However, if it breaks above this level with a close of a 4-hour or 1-hour candle, the price is likely to rise towards the first resistance level. Tendency , the price is under bearish pressure , until trading below turning level around 39,951 Upward Zone : for an upward movement to occur , the price needs to break through the turning level at 39,951 , leading to rise that could reach the resistance level (1) at 40,668 , if the price breaks and stabilizing above this level it may attempt to reach resistance zone between 41,049 and 41,410 . Downward Zone: as long as the price remain below the turning level at 39,951 , it may drop towards the support level (1) at 39,448 , if the price breaks this level with a 4h candle closing below it , it suggest further decline towards the support zone between 39,022 and 38,370 . CORRECTIVE : currently price it will be attempt to retest to reach a turning level at 39,951 before dropping . TARGET LEVEL : RESISTANCE LEVEL : 40,668 , 41,049 , 41,410 . SUPPORT LEVEL : 39,448 , 39,022 , 38,370 .
UShort
by ArinaKarayi
Market Awaits CPI Impact After Producer Prices Boost Equities Producer Prices Report Lifts Equities Ahead of CPI Data The price has successfully reached all our previously mentioned targets, and today's movement will be heavily influenced by the CPI release. Current Outlook: As long as the price remains below 39,900 and 40,020, the trend indicates a potential downward movement. Bullish Scenario: If the CPI comes in below 3.00%, it will likely support a bullish trend, particularly if the price breaks above 40,050, with potential targets at 40,320. Bearish Scenario: A bearish outlook will be confirmed if the CPI matches or exceeds 3.00%, especially if the price stabilizes below 39,900, with potential declines to 39,620 and 39,260. Key Levels: - Pivot Line: 39,780 - Resistance Levels: 39900, 40050, 40320 - Support Levels: 39620, 39260, 39120 Today's Expected Trading Range: The price is anticipated to fluctuate between support at 39,260 and resistance at 40,050. previous idea:
OANDA:US30USDShort
by SroshMayi
Dow Jones to be bullish next 2 daysDJ is expected to be bullish today and test the order block on D1 at 50%Fib level. The expected move is demonstrated in the chart. The last D1 candle was a bullish engulfing candle which finished the two day consolidation and now the price is expected to target an order block on D1 which is expected to be a strong one as it is coming off from a previous order block. Next two days is expected to be bullish on DJ and we will see some bearish move on coming Friday. Good luck and use proper risk reward This idea is for educational purpose only and not a financial advise .
PEPPERSTONE:US30Long
by tuahawaqar
Hellena | DJI (4H): Long to resistance area 40071.Dear Colleagues, in the last forecast the price almost reached the target 41680, but sharply started to decline. This means that the price is in a complex correction (WXY). I expect that the price has almost finished the downward movement in wave (Y), and will start an upward movement soon. The level where the price may come to is 38799, but in general I expect an upward movement at least to the area of 40071. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
BLACKBULL:DJ30.FLong
by Hellena_Trade
1
US30 longHere is why; Weekly Price broke beneath 40,000 resistance level and price has not retested that level. We see that there is a lot of bullish momentum that has been picked up from 38,500 due to last week's candlestick closure Everything is pointing towards price going to test 40,000 Daily We see that price too a lot of buy orders from 38,500. Price broke and retested 39,300 region three times before finally heading northwards The next target is 40,000 4 hour Price today has closed above 39,720 and I expect for price to test the region before heading upwards. However, for now it is not clear what price will do, so it is best I just sit on my hands.
FX:US30Long
by kingmwenja
DJIA – Multi year market top in now? Go short? Optimism is at ATH Nasdaq is lead by 7 or so main stocks There has not been a major bear since 2007/8 and even then the market pulled back to historic overvaluation if you look at total data in the past 100 years Mutual fund mngrs cash reserve was at 2% historically low value suggesting a market top The upper trend line CAGL – capping ascending grind line was tested and reversed, indicating market prices short term unsustainable at those levels. Prices may go and retest the upper channel line however they could just sell off from now, if we get a retouch then what a beautiful shorting opportunity Market crashes happen often in September up to late October which we are approaching Now is time to be aggressively short or to ease off to safety if you are bullish. Option for much lower prices ? 2026 is the local top according to Benners cycle theory etc
FX:US30Short
by William_Playfair
1
made in America big banks work on the same information you and I have if they believe and are certain there is a recession they wouldn't tell you, yes there is geo-political turmoil in the Middle East, and recently the breach of Russian territory by Ukrainian forces will make the bear angry n start flattening land as it did in Syrian n Us is obliged to help Ukraine (why: cuz they gave up their nukes to the Us for protection, not a conspiracy) so more government contracts more orders, PMI is down but excepted to go up upcoming quarters this is not a full analysis just a general idea so do ur macro analysis crunch the numbers n good day
DJ:DJILong
by ri_da