US30 trade ideas
DOW JONES INDEX (US30): Back to Bullish Trend
US30 Index completed a bullish accumulation in a wide
horizontal sideways range on a daily.
Its resistance was broken on Friday and we see a positive
bullish reaction to that after its retest.
There is a high probability that the market will continue rising.
Next resistance - 44360
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US30 Bullish Setup: Bounce from Channel SupportThe US30 (Dow Jones Industrial Average) is trading within a rising channel, indicating a bullish market structure. The price has recently bounced off the channel's lower boundary, which aligns with a key support zone around 42,000. This area has acted as a strong level where buyers regained control.
The overall trend remains bullish, as seen in the series of higher highs (HH) and higher lows (HL) within the channel. If the price forms bullish confirmation patterns, I anticipate an upward move targeting the 44,500 level.
Traders should watch for confirmation signals, such as strong bullish candlesticks or higher lows on lower time frames, before entering long positions.
us 30 sell trade ideaThe Relative Strength Index (RSI) is showing a downward trend, indicating weakening momentum. Additionally, the Moving Average Convergence Divergence (MACD) is showing a bearish crossover, further supporting the potential for a downward move
US30 D1 | Falling from Fibo Confluence Based on the D1 chart, the price is approaching our sell entry level at 44,332.62, which aligns with a pullback resistance level and the 78.6% Fibonacci retracement and the 161.8% Fiboancci extension. This level is expected to act as a potential reversal point in the bearish setup.
Our take profit is set at 43,320.27, a pullback support.
The stop loss is placed at 45,172.32, above the previous swing high, providing room for price fluctuations while ensuring the bearish setup remains valid.
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US30 (BULL ATTEMPT)The price is currently under pressure from the resistance at 44090. This means that sellers are likely active around that level, preventing the price from rising further. As a result, the price may move down towards the support at 43770. This support level could act as a barrier, where buying pressure might emerge, causing the price to bounce back. If the price successfully holds at 43770, it could then start rising again, potentially breaking the resistance at 44090. Once 44090 is breached, the price would likely continue upwards towards higher targets, such as 44470 and even 44790, driven by the momentum of the breakout.
However, if the price fails to hold at 43770 and closes below it on a 4-hour candle, it would signal that the support has broken down. This would suggest that the market sentiment is shifting bearish, and the price could continue falling towards the next support levels. The closing of a 4-hour candle below 43770 would confirm the downtrend, leading to further declines.
Bullish momentum to extend?DJ30 is falling towards the support level which is a pullback support that is slightly below the 23.6% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 43,850.12
Why we like it:
There is a pullback support level that is slightly below the 23.6% Fibonacci retracement.
Stop loss: 43,383.26
Why we like it:
There is an overlap support level that is slightly below the 38.2% Fibonacci retracement.
Take profit: 44,606.77
Why we like it:
There is a pullback resistance level.
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DJI SELLOr considering the HD of the ceilings and also the existence of several gaps in the past and reaching the ceiling, I expect a reversal and decline.
US30 : Focus on Key Earnings, Policy Updates, and Inflation DataU.S. Equity Investors Focus on Earnings, Policy Announcements, and Inflation Data
This week, U.S. equity investors are closely monitoring earnings reports from the "Magnificent 7" group of stocks, alongside trade policy updates, the Federal Reserve's January monetary policy announcement, and the central bank's preferred inflation data.
US30 Technical Analysis
The price has declined, reaching a support zone before reversing. It is now expected to fluctuate between 43,760 and 44,250 until a breakout occurs.
Currently, the price appears poised to test 44,250. However, as long as it trades below 44,400, further declines toward 43,760 are anticipated. A break below this level would confirm a bearish trend, with the next target at 43,350.
Key Levels:
Pivot Point: 44080
Resistance Levels: 44230, 44400, 44560
Support Levels: 43770, 43560, 43350
US30- Time to sell!Here on Us30 price form a supply zone around level of 44227.17 and is likely to continu fall so trader should go for short with expect profit target of 43250.38 and 42288.73 .
US30 Will Grow! Long!
Please, check our technical outlook for US30.
Time Frame: 8h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 44,032.57.
Taking into consideration the structure & trend analysis, I believe that the market will reach 44,606.36 level soon.
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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Dow Jones 30 is near its all-time high. Can we create a new one?Can the Fed help the MARKETSCOM:US30 move a bit further north and establish a new all-time high? There is a possibility for that, however, we need to wait for the Fed press conference, when market volatility may increase significantly. That said, let the market settle and we can see what we can do. Check the video for more details.
TVC:DJI
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US30 SELL AT SUPPLY ZONE SMART MONEY CONCEPT Here on Us30 price form a supply zone around level of 44227.17 and is likely to continu fall so trader should go for short with expect profit target of 43250.38 and 42288.73 . Use money management
shortWe are testing a long-term Us30 double top, and we are also moving within a long-term side way, so we are testing a higher top, so we are selling down.
correctionIt is expected that the beginning of the correction will be formed and will progress to the specified support levels. Then, depending on the price behavior in the support level, the continuation of the movement will proceed according to the specified paths.
US30 Forecast: Bullish Continuation or Pullback? Key Levels& GDPUS30 Technical Analysis
The price has reached the resistance level at 44,920 and is currently attempting to break above it, aiming for 45,100 and potentially setting a new all-time high (ATH).
Today’s GDP release is expected to significantly impact the market. Given the high expectations surrounding the report, the bullish trend may continue under strong upward pressure.
A 1-hour candle close above 44,920 could pave the way for 45,100 and 45,320.
Conversely, if the price remains below 44,760, a bearish move could be supported, targeting 44,610 and 44,410.
Key Levels
Pivot Point: 44920
Resistance Levels: 45100, 45320, 45550
Support Levels: 44760, 44410, 44160
DOW?
It is very clear.. we had 3 weeks of uptrend.
Currently at week HIGH.
Can we assume down from here?? NO
It is STILL uptrend
Can we assume higher from here? NO
It is at weekly resistance.(to the left)
What I will do.. I will wait the daily
I will set a trigger.. support/resis broken on either side.
The reading of finance/bloom/investing will give some edge of sentiment.
I'm have bias on upside.
I'm no guru
Dow Jones long-term analysisContinuing the long-term analysis of the Dow Jones, as you can see in the image, the Dow Jones price has reached its highest point and is still rising in this trend.
Sasha Charkhchian
US30 Hits Key Supply Zone: Bullish or Bearish Break Ahead?US30 Technical Analysis
The price has reached a key supply zone, a strong resistance area between 44750 and 44925. Breaking above this zone will turn the Dow Jones into a bullish area, potentially setting a new high around 45500.
Currently, the market is reacting within this zone. The next 4-hour candle needs to stabilize below 44750 to confirm a bearish move.
Alternatively, closing a 4-hour or 1-hour candle above 44760 will support a bullish move toward 44930. Breaking above 44925 will further confirm the bullish trend, targeting 45100.
Key Levels
Pivot Point: 44760
Resistance Levels: 44920, 45100, 45500
Support Levels: 44610, 44410, 44240
Previous idea:
Anticipating a Reversal: A Scalper's Approach to US30The US30 is undeniably in a strong bullish trend, showcasing its momentum over the past sessions. However, as with any extended trend, there are moments where price action hints at potential pullbacks or reversals.
In the chart, we see that price has already broken a key support level, which signals a possible shift in market sentiment. This break introduces the probability of a directional change from a bullish bias to a bearish one. While the overall trend remains upward, this presents an intriguing opportunity for scalpers to capitalize on short-term movements.
The Setup
The Support Break
The recent break of support is a critical indicator that bears are attempting to gain some control. However, the market is still influenced by bullish momentum, making this a high-risk setup.
Supply Zone Target
The supply zone highlighted in the chart serves as a strategic entry point for a sell. If price revisits this zone, it could provide an excellent opportunity for a short position, anticipating further downside movement.
Risk Considerations
US30's Bullish Momentum: Even with a support break, US30 remains bullish overall, making this a counter-trend setup.
Scalper’s Mindset: The aim is not to hold positions for an extended period but to take advantage of short-term moves within the supply zone.
Final Thoughts
While this setup carries higher risks due to the prevailing bullish sentiment of the US30, it is a calculated opportunity for scalpers willing to play against the trend. Always ensure proper risk management, as counter-trend trades require discipline and quick decision-making. If the price fails to reject the supply zone and continues higher, it’s best to step aside and reassess.
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Bearish reversal?Dow Jones (US30) is reacting off the pivot and could drop to the 1st support.
Pivot: 44,527.60
1st Support: 43,330.76
1st Resistance: 46,048.47
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