DJI trade ideas
Dowjones Breakout and Potential RetraceHey Traders, in today's trading session we are monitoring US30 for a buying opportunity around 38900 zone, US30 was trading in a downtrend and currently is in a correction phase in which it is approaching the retrace area at 38900 support and resistance zone.
Trade safe, Joe.
US30 setupthe price fall down after this the price will retest the supply zone and will be back to the support area for sell liquidity grab
US30 TRADE SETUPPair Name:US30
👍 Classic bearish formation create
👍 Our team expects pullback
SUGGESTED TRADE: Dear Traders Our Expert Team Estimates that US30 Market Created CHOCH And market 41000 can reject. the market from this point down to 38000, 37000 area. If it matches with your analysis then you can follow this post.
Our Risk - 1.1%
Start protection of your profits from higher levels
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DOW JONES INDEX│ US30 │ 12 – 16 August 2024
- Daily timeframe
Swing structure is bullish and we are deep into discount with the correction. I suspect we may see price try to complete the continuation phase as we respected the demand zone as illustrated on the chart. Internal structure, however, is still bearish so trade with caution
• Bullish bias
- Four-hour timeframe
Internal structure has aligned with the daily swing structure although the four-hour swing structure is still bearish a daily swing run is much strong than a four-hour swing run. With that said, I foresee price reaching for external liquidity
• Bearish bias
- 15-minute timeframe
Swing structure as well as fractal structure is bullish at this point. Aligning the four-hour internal and the daily swing structure. All very good signs of a potential run higher, the only cause for concern is that fact that we have not seen the opportunity for the larger players to get in discount positions, so will they run prices higher already? So let us wait how it plays out
• Bullish bias
How do I come to a bias conclusion?
I look at the swing structure; if it is bearish, I conclude a bearish bias
©Austin Palmer for FONOS Fx, 2024.
Winter is comming. Go hunt the Big ShortFind signal around 41k zone to go Big Short US30.
Last week, US30 crash but still hold above 39k. Wait to retest 41k zone to go short
US 30 - Ranges overview We have taken the buyside liquidity of the weekly open range (black line) and we are currently trading back below Monday's open.
Let's see how we play from here
IF we reclaim the weekly open high expect us to continue higher towards new highs
IF we fail to reclaim and close back below the weekly open high expect us to run the HTF sellside
It's the end of the week so don't hesitate to reduce your position size.
Hope you guys had an amazing week and that your trading week was a pleasant one as well. As always...your weekly result simply reflect your weekly performance...our trading journey is a marathon not a race.
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
Targeting our supply zonewe are looking for price to move to the upside before any major drop in price from HTF setups this is taken on LTF setups .
SELL-TO-BUYBased on my analysis we won't be seeing much buying momentum till we tap into on the FVG's based in the discount zone - SELL-TO-BUY
US30 (Sensitive Movement )Stock Futures Rise as Rebound Continues; Asia, Europe Up
Bullish Scenario:
stability above 39410 means will support a bullish trend toward 39590 and 39790
Bearish Scenario:
The price should drop and break the support line which is 39410 to be bearish till 39245 and under it will get 39050
Key Levels:
- Pivot Line: 39410
- Resistance Levels: 39580, 39780, 40060
- Support Levels: 39250, 39050, 38790
Today's Expected Range:
The price is anticipated to fluctuate between the support at 39245 and the resistance at 39790.
Tendency: it looks bullish
Dow Jones Index (#US30): Your Trading Plan Explained
Dow Jones is currently stuck on a key daily/intraday horizontal resistance.
The price is trading within a narrow range on that on a 4H time frame.
Your confirmation to sell the Index will be a bearish breakout of the support of the range.
A 4H candle close below 39325 will confirm the violation.
A bearish continuation will be expected to 38890 then.
Alternatively, a bullish breakout of the underlined blue resistance
will push the market higher.
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US30Hit TP on long, left runners and entered short on POI marked out earlier this week hoping to get discount to possible go higher
DOW JONES in price correction or trend change? can climb up to the resistance of 39843 and if this resistance is broken, you can expect to climb up to the range of 40192.
Otherwise, after breaking the range of 39224, we can expect the decline of this symbol to the range of 38911 and in case of strength to 38637
Short Setup for Dow JonesA simple short setup with good RRR in the Dow Jones, which takes advantage of both normal and hidden bearish divergences.
Bullish us30Looking for a 1:1 break and retest of the asia highs or a pullback to retest yesterday's lows for a bullish move up min 1:3
Downward trend It is expected that the index will have fluctuations in the current resistance range and then we will see the beginning of the downward trend.
If the index crosses the resistance range, the continuation of the upward trend is likely
US30 longHere is why;
Weekly;
Price went below 40,000 and never retested the region.
Hence, a retest is due.
Daily;
There is a bullish formation of a higher high that has been formed in the last 3 days.
The target for the daily timeframe is 39,750.
4 Hour;
This is the time zone I am looking for my entry level.
For now, I believe that the best place to enter longs are at 39,350, however, I am waiting for price to show me better confluences before I enter the market
Dow Jones Surges on Surprising Jobs Data, Rebounding from LossesThe Dow Jones Industrial Average staged an impressive rally on Thursday, soaring more than 650 points as positive economic data injected fresh optimism into the markets. The blue-chip index reclaimed its 50-day moving average, providing a much-needed boost after a week of significant losses.
Jobs Data Sparks Market Rally
The unexpected drop in initial jobless claims, which fell to 233,000 for the week ended August 3rd, well below the anticipated 240,000, fueled the market's surge. This sharp decline in unemployment claims eased concerns of a looming recession, pushing investors to return to the market with renewed confidence. The strong jobs report was particularly encouraging given the previous week's claims hit a one-year high of 250,000, stoking fears of economic slowdown.
As a result, the Dow Jones jumped 2.24% in late trading, with key gainers including Intel ( NASDAQ:INTC ) and Salesforce ( NYSE:CRM ), which saw gains of over 6% and 3%, respectively. The S&P 500 followed suit, surging 2.3%—its best day of the year—while the Nasdaq Composite rebounded 2.8%, finding support well above its 200-day moving average.
Earnings Hits and Misses
While the broader market celebrated the positive economic news, not all stocks were so fortunate. McKesson (MCK) and Monster Beverage (MNST) were the worst performers in the S&P 500, both diving on disappointing earnings reports. Conversely, Parker Hannifin (PH) and Eli Lilly (LLY) led the S&P gainers, posting strong results that sent their shares higher. Over in the Nasdaq, semiconductor stocks such as Arm Holdings (ARM) and On Semiconductor (ON) led the charge, contributing to the index's impressive rally.
Volume and Market Sentiment
Despite the bullish price action, trading volume was lower on both the New York Stock Exchange and Nasdaq compared to Wednesday's session. However, market breadth was decidedly positive, with advancers outpacing decliners by nearly 4-to-1 on the NYSE and slightly less than 3-to-1 on the Nasdaq.
The DOW Jones stock index displays a long-term rising wedge pattern subsequent to an extensive consolidation phase. The support point at December 2023 now serves as a pivot, with any movement below it indicating a bearish reversal pattern. Despite prevailing market conditions, the DOW Jones stock index has exhibited substantial growth.
Investor sentiment, as reported by Investors Intelligence, reflected the market's mixed emotions. The ratio of bullish advisors dropped to 46.9% from 59.4% over the past two weeks, while bearish sentiment increased to 18.7% from 15.6%. The report highlighted concerns about elevated market risk and limited cash on the sidelines to fuel further gains.
Treasury Yields and Oil Prices
In bond markets, the yield on the benchmark 10-year Treasury note rose by four basis points to 4%, reflecting the market's cautious optimism following the jobs report. Meanwhile, oil prices also ticked higher, with West Texas Intermediate futures trading around $75.30 a barrel, indicating ongoing strength in the energy sector.
Looking Ahead
As the Dow Jones and other major indexes continue to recover from recent losses, investors will be closely watching upcoming economic data and earnings reports for further signs of market direction. The surprising strength in the labor market has provided a temporary reprieve from recession fears, but with inflation concerns and interest rate hikes still looming, the road ahead may be bumpy.
For now, however, Thursday's rally offers a glimmer of hope that the worst may be behind us, as Wall Street looks to build on this momentum in the days ahead.
Dow Jones Faces Strong Resistance: Bearish Reversal in Play?The chart highlights a gray resistance zone at the top, indicating an area where the price has struggled to break through. This zone represents a strong supply area where sellers are entering the market.
The purple horizontal lines represent key support levels at approximately 39,200, 39,000, and 38,800. These levels are critical points where the price may find buyers or continue its bearish momentum.
The price recently approached the upper resistance zone but failed to break above it.
The candlesticks show a series of wicks near the resistance, indicating rejection and the presence of sellers.
The price is expected to move lower after testing and failing to break through the resistance zone.
How to win More Trades (Using Probability)I had a shit last 2 days so I am actually taking today off, I have some work to do on one of my cars so I am going to do that today.
This is also very important, taking a break when you aren't feeling that up to it.
But in this video we discuss probability and how probable any given scenario could be in your favor. If you aren't taking this into consideration you aren't doing what you are supposed to do.
