Change the trend According to the specified resistance ranges, it is expected that the current upward trend will end and we will see the beginning of the correction process. If the index stabilizes above the green resistance range, the continuation of the upward trend will be likely Shortby STPFOREX1
SHORT US30/DOW as per chartWe are shorting US30 AT 41551, stop loss at 41615 Target 1 at 41415.70 target 2 at 41022.30 Once the price below 41500. trail stop loss towrad your short position. Shortby ActiveTraderRoom4
Fed Cuts, Recession Here!Each and every end of a rate hike cycle has been met with economic recession or worse. The Fed will cut and the markets will implode, why? because the damage has already been done. All the fudging and manipulation the past few years will be exposed, GDP growth is a farce, high inflation has eroded your purchasing power for three years. Wages are rising a fraction of living costs rising... every country is experiencing this squeeze, especially the middle class. Folks are ceasing buying items or goods that are no longer necessary, cutting back on non essential is hurting manufacturing, I suppose the WEF and the greens will be happy that our "carbon footprint" is being shrunk. The same groups that fly private and drive in their expensive cars. The repo market was in serious trouble in late 2019, they created the perfect cover in 2020, they printed trillions and most of it went to the banks. We warned about inflation and to buy gold, a simple insurance policy. Our bearish stance has been proven wrong countless times, how can you compete with corruption and manipulated markets driven on fake economic numbers? Expect a top very soon in the markets, they are way overbought and hyped, expect some form of crisis or events to tag along with the coming collapse, take your pick. PM's are due for a pullback, then another wave higher, a strong wave up. Be careful for a top and heavy pullback as the markets get hammered. Watch the top red trend line now, another couple of hundred points and that should be about it. Appreciate a thumbs up, God bless you all!Shortby Fractal7775510
US30 longHere is why: - Price broke all time highs, therefore there is evidence of price going higher - The monthly, weekly and daily candlestick closures are showing evidence that price is definitely going higher. - On the 4 hour timeframe I can see that price has reached a major level of resistance. However, there is no convincing rejection, indicating that price is going higher. - I would have to wait for a convincing buy pattern, before I enter long. Therefore I am waiting for buy confluences to form on the 4 hour timeframe. Moreover, I would have to wait for the New York session before I make any move. Longby kingmwenja4
Breaking down Dow Jones Elliott WavesThe above chart is my main hypothesis for the Elliott Wave count of Dow Jones which represents the Elliott Wave Analysis of the Bull Market Post 2008 financial crisis. Kindly read all the details to better understand the Elliott Wave analysis and how Elliott Waves can be used to give us an edge in trading. Currently it looks like we are in an Ending Diagonal waves. The reason we are in Ending Diagonal Wave 3 instead of Wave B of ABC flat is because we are too far up now for our current market to be considered in wave B of an ABC flat. The 2008 crisis bear market was an ABC flat, if you look, we crashed at that time when Wave B was at around 138% of Wave A. I have attached sub wave structure of the rally we have seen so far after the COVID crash. I have explained my reasoning for my wave counts in the chart which you can take a look. Now moving further inside our sub waves, below chart shows the sub wave structure of the ABC wave we are in since 27 October, 2023 Further moving inside our sub waves, the chart below shows the breakdown waves of our this year move. Once all the waves shown in the below chart finish, we should see a correction towards our Post COVID peak price levels. by syedhamza2135112
Us30We looking for selling opportunities as the market is currently respecting the ceiling zone resulting in those reversals short term sells inside the bullish structure| 30M TIMEFRAMEShortby officialpotego_fx5
DJI, Elliott wave analysis■Outlook of DJI. I revised my last time idea. We are likely in sub-wave c of wave (b). It looks like the final wave of the Lower degree is forming a Diagonal. Soon, the upper degree channel line (black dotted line) will reject sub-wave c, and both sub-wave c and wave (b) will complete. After that, wave (c) of A will start and lead to a crash.Shortby EWA-tokyo101046
Rising wedge us30 weekly chartRising wedge on weekly chart us30...could be very bearish, very big rumour is fed will cut fed funds rate on Sept 18 triggering a big crashShortby mosavage9513135
Crash Pattern Forming on Dow Jones? Rising Wedge 2025?I was just studying my charts and I just happened to see this pattern jump out at me regarding 2000-2008 that looks so very similar to today. If this pattern is indeed going to play out for a 40% crash then I need to sell all my Long portfolio ASAP. I do not want to get caught in this Compare 2008 below to today Both have a 16 degree rising wedge pattern Again, I want to be bullish and for it to go up but if this is the pattern that is indeed playing out, I need to get out of the way. I don't want to sell my Long portfolio in anticipation of this but at the same time, I don't want to get steamrolled by this either. Why would they repeat the same pattern twice in a row is my question? Let me know your thoughts. Am I dumb for seeing this? Thank you all. by Dow_Jones_Maestro9924
$DJI <> Rate CutsRetail investors often mistakenly believe rate cuts are bullish and will profit, but history suggests otherwise. In the last two decades, we have witnessed three major rate-cutting events that occurred a few months before market peaks, each followed by 40%+ corrections. We have observed similar patterns with retail investors becoming bullish as rate cuts are announced. Markets typically become euphoric for a few months, with retail investors buying at the top, only to experience major drops shortly after.Shortby Flow-Trading5
US30 LONG TERM BULLISHUS30 LONG TERM BULLISH. The Dow Jones Indice will keep rising on the long term.Longby AhmedBahousse0
Dow Jones Potential UpsidesHey Traders, in the coming week we are monitoring US30 for a buying opportunity around 41000 zone, US30 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 41000 support and resistance area. Trade safe, Joe.Longby JoeChampion1110
Stock Market CrashAfter realizing my recent ideas on this were posted privately, I figured I'd post this publically and not gate-keep it, for anyone it may be able to help.. Haven't made an update of this Great Depression super cycle since 2021, but the 47,880 area I had been eyeing back then still lines up almost too perfectly. Threw in fib pulls off the 2008 and 2020 cycles too for more price action confirmation. Can the fed delay the inevitable recession long enough to get that target first?by JustoMcGusto112
Dow Jones to 42kThe Dow Jones trades in a gently upwards sloping channel. Having recovered from 38,400, the August low, the price rose to a fresh all-time high of 41,582 yesterday. The price hovers just below here today but is still above the near-term falling trendline support level. Buyers, supported by the RSI above 50, will look to rise above 41,582 towards 42k and fresh all-time highs. Immediate support is at 40,800, the near term falling trendline. Beyond here 40k comes into play. FCWby CityIndex5
Idea on US30US30 normally i never trade this pair but the price action looks good. We have a great ICT set up imbalance where price could possible it can go. It's Friday and we do have a lot of news. Dow Jones is one of the most popular American indices of 30 prominent stocks listed on NASDAQ or New York Stock Exchange (NYSE). The composition of the If a company declines or loses a key role in the economy, it may leave the index Dow Jones Index changes as the U.S. economy evolves. and a new company may join it. The index excludes companies in the transportation and public sectors. by EZIO-FX6
Possibility of correction As long as the index does not stabilize above the 88.6% level, there will be a possibility of changing the trend. Otherwise, the upward trend is likely to continue Shortby STPFOREX2
US30- Bearish ReversalUS-30 has made a bearish divergence and also broke a prominent trend line. Wait for the break for previous HL to take the entry and set the previous HH as a stop loss. Profit target should be the next 4H support.Shortby MasoodAnsari558
Sell Setup Last Close: 41405 , Sell On Rise Around 41785---41885 For The Target 39889---37998 Bubble About To BusrtShortby FibooGann4
Dow Jones # Dow Jones - H1 📣 By analyzing the 1-hour timeframe, with the breakout of the resistance level around 41,124, you can consider buying with a target of 41,500. ⛔️ Stop Loss: 40,800 On the other hand, with the breakout of the 40,800 level, a decline in the index towards 40,400 is expected. ⛔️ Stop Loss: 41,124by FXSMARTTUpdated 8
DOW JONES RESPECTED THE ___.600 LEVEL41.600 level respected successfully🚨, today it was not that bad for DJI, after NVDIA📈earnings beat consensus🙌🏾Longby mukovheseleka1
Us30 Sell ShortA bit of a risky sell but shortly we are expecting the drop we have been waiting for just requires a lil bit of bravery and patience .We are testing the waters.Shortby OwenT6
Dow Jones | TAThe action that happened between 5-August through 26-August, is a classic pull-back. The last candle ended in a bearish note. Yesterday's session works as bearish confirmation based on candlestick reading. 2-3 additional red candles would give further strength to the bearish side, as this would still be considered early since only one session closed red. The move that is developing now, starting after the 26-Aug. high and with confirmation yesterday, is the continuation of the move that started 18-July 2024. The pull-back is a normal market reaction as traders look for direction, not knowing what to expect. Everything is clear now. The FED will cut rates. Cutting interest rates is the time to take profits. So, prepare for the drop. A major correction tends to precede the change in the FEDs policies. After the correction we tend to experience long-term growth due to easier access to credit; some people call it "easy money." Thank you for reading. Thanks a lot for your continued support. Namaste.Shortby AlanSantana30