DowJones INTRADAY NFP volatility trigger! Momentum is bullish, but todayโs NFP report is a key risk event. A weaker-than-expected jobs number could reinforce rate cut bets and extend the rally. A surprise beat may trigger profit-taking.
Key Support and Resistance Levels
Resistance Level 1: 41200
Resistance Level 2: 42000
Resistance Level 3: 42710
Support Level 1: 39446
Support Level 2: 38490
Support Level 3: 37840
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 trade ideas
long ideaThis Analysis Can Change At Anytime Without Notice And It Is Only For educational Purpose to Traders To Make Independent Investments Decisions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView
US30: Time to Reverse or Push Higher?Hey Traders,
As you can see on the chart, price tapped into a major level around the $37,000 area, where we saw a weekly liquidity grab followed by a 4H change of character โ leading to a strong push up to the $40,800 zone.
Now, weโre looking at two possible scenarios:
๐ Scenario 1:
Price pulls back to the $39,100 area and gives a solid 4H confirmation โ Targeting the $41,000 zone.
๐ Scenario 2:
Price breaks below the $39,100 area and the trendline, then pulls back into the same level with confirmation โ Targeting the $37,000 / $36,000 area.
โ ๏ธ This is not financial advice โ just sharing my view on the current setup.
Be safe, be happy, and have a great trading day.
โ Mr. Wolf ๐บ
Dow Jones Wave Analysis โ 2 May 2025- Dow Jones broke resistance zone
- Likely to rise to resistance level 42000.00
Dow Jones index recently broke the resistance zone between the pivotal resistance level 40815.00 (former support from March and the top of wave A from the start of April) and the 61.8% Fibonacci correction of the downward impulse 5 from March.
The breakout of this resistance zone continues the C-wave of the active ABC correction (2) from the start of April.
Dow Jones index can be expected to rise to the next resistance level 42000.00 (target price for the completion of the active impulse wave C).
YFI/USDTIn this analysis, Iโm tracking the recent downtrend on the US30 daily chart. Based on the current pattern and technical indicators (like RSI divergence and a bounce off a key support zone), I expect a potential reversal or at least a short-term correction. Entry signal is marked based on my Smart Bot strategy.
US30 โ Chop or Fakeout?๐ด US30 โ Chop or Fakeout? ๐ด
May 2, 2025 โ 1H Chart Update
After the bullish breakout above 40,700 yesterday, US30 surged to 41,051, but weโre now seeing price stalling just under that level, forming a potential double top or distribution pattern โ ๏ธ
๐ Technical Breakdown:
๐งฑ Price rejected at ~41,050 (previous swing high zone)
๐ Small pullback forming after strong bullish leg
๐ Key short-term support still at 40,700
๐ง Market could be consolidating post-FOMC run or prepping for a deeper pullback
๐ฏ What to Watch:
Bullish Continuation Setup:
โ
Needs a 1H candle close above 41,050
๐ฏ Target: 42,000 โ 42,359 resistance zone
Bearish Scenario:
๐ป Break below 40,700 flips structure short
๐ฏ Downside targets: 40,260 โ 39,775
Neutral Bias If:
Price consolidates between 40,700 โ 41,050 = no clear trend โ stay flat
US30, bearish analysisBearish count for US30.
Impulse wave from ATH, wave ((2)) is expanded flat, wave ((4)) appears to be a double-three, with (W) a regular flat, (X) and (Y) are zigzags.
I like wave (((4)) to finish below resistance at 42008, with wave ((5)) to approach October 2022 low of 28586.8.
JM-CAPITAL US30 Analysis April 24After reaching an all-time high of 45,000, US30 experienced a pullback, retracing to the 61.8% Fibonacci levelโaligning perfectly with a key support zone on the weekly timeframe and forming the third touchpoint on the ascending trendline.
With market sentiment beginning to ease around the tariff discussions, Iโm taking a long position on US30. My stop loss is set just below the weekly candle and beneath the 61.8% Fibonacci level for added protection.
I plan to scale into the trade by adding positions on each corrective pullback in line with the bullish structure.
Wishing you all a profitable trading session. Stay sharp!
US30 Approaching Key Support Zone โ Potential Reversal Ahead?๐ Chart Overview:
Timeframe: Looks like an intraday (maybe 1H or 2H).
Indicators:
EMA 50 (Red): 38,964.7
EMA 200 (Blue): 39,637.0
๐ Key Levels & Structure:
๐ต Support Zone (Highlighted):
Around 36,800 โ 37,200 range.
This is a well-tested support level where price previously bounced.
Current price action is approaching this zone again, which increases the chance of a potential bullish reaction.
๐ฃ Resistance Level:
Defined around 40,500 area.
Price has rejected multiple times from this zone.
Previously served as a consolidation/decision area.
๐ Focus Point (Previous Support Turned Resistance):
Near 38,700 โ 39,000.
This level may act as a reaction point on the way back up.
๐ Current Price Action:
Strong downward momentum heading into the support zone.
Price is under both EMAs, suggesting short-term bearish trend.
However, the drawn arrow suggests a potential reversal bounce from the support.
๐ง Interpretation & Scenario Plan:
๐
ฐ๏ธ Bullish Scenario:
Price touches or sweeps the support zone.
Bullish structure or reversal candle forms (e.g., hammer, bullish engulfing).
Break back above EMA 50 & Focus Point could confirm the shift.
Target: Revisit Resistance Zone (above 40,000).
๐
ฑ๏ธ Bearish Scenario:
Support fails to hold.
Clean break below 36,800 with volume could lead to accelerated sell-off.
Watch for breakdown retests of support turned resistance.
๐ Takeaway:
โ ๏ธ Current move is bearish, but price is approaching a key demand zone. Bulls might step in if the zone holds. Confirmation is key before going long. Reclaiming EMAs would strengthen bullish bias.
Could the price bounce from here?Dow Jones (US30) is falling towards the pivot which is an overlaps upport and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 39,318.40
1st Support: 37,848.26
1st Resistance: 40,824.20
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Us30 Upward or downward?In the 5-minute timeframe, you can sell at the top of the trading range and buy at the bottom of the trading range (by observing reversal candles and patterns).
Alternatively, you can wait for a breakout and enter in the direction of the breakout.
Be mindful of fake breakouts
DOW JONES New long-term bottom being formed on the 1W MA200.Dow Jones (DJI) hasn't yet broken above its 1D MA50 (blue trend-line) following the April 07 Low, but is nonetheless consolidating and holding the 1W MA200 (red trend-line), which hasn't broken as Support since October 17 2022.
That was a few days after the bottom of the 2022 Inflation Crisis was formed and the current Channel Up started. In fact, the rallies that started on both Channel Up bottoms since, have been almost identical in range (+22.60% and +23.80% respectively) so technically we should be expecting at least 44800 (+22.60% from April's Low) on the medium-term.
-------------------------------------------------------------------------------
** Please LIKE ๐, FOLLOW โ
, SHARE ๐ and COMMENT โ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ
๐ ๐ ๐ ๐ ๐ ๐