DJIA // Start of CorrectionI've posted some ideas about it, but now we have a lower close on the daily and waves down on H4, so the correction fibo 38.2 seems like a nice target.
Stay Patient, Stay Disciplined!
US30 trade ideas
US30 Intra-Week Analysis Dec 10 2024After showing signs of exhaustion, creating a triple top at All-Time-HIghs and the fear, uncertainty, doubt of a higher interest rate come CPI, US30 made its way back to 44200 as expected after the buyers sentiment began to weaken. This week we can expect the CPI results to hold a little bit of weigh on market direction if there is significant change. If there is an increase as forecasted expect slight bearish pressure or consolidation, otherwise because price is still respecting the uptrend we can see bulls pushing price back up to test ATHs.
US30 Selling opportunity US30 is in 15mins FVG. So everytime when the Market approaches the FVG it tends to bounce out of it with a strong movement.
US30 H2 | Market ViewPotential for a bearish pullback on the US30 H2 which could lead to a price movement towards the support level at 44300
US 30 SELLNoticed bearish divergences on the Monthly, Weekly & Daily. Taking a short on US30 also in line with head & shoulder patterns with acceptance that market can change quickly due to fundamentals.
PEPPERSTONE:US30
US30 Looks like its reversingUS30 Created a evening start at 10 am on the 1 hr chart. This is indication that price is most likely reversing at this point. US30 will most likely continue to be bullish for some time going forward. Let me know your thoughts.
Bullish to Bearish Play Of the Week for US30 After thoroughly breaking down US30 from the weekly to the minutes TF I have came to the conclusion it will retrace from the major support zone it’s at now to the 4 hr Daily trend line break out zone it had around 44.750-44.850 once it fills that inbalance and gives us a 3rd touch around the 4 hr bearish trend line it has going then it will be ready for the continuation of the sell on a bigger daily weekly TF, 1st major Target 44.550 if we break through that price in a big bearish way then expect 44.300 & 43.550 as next Major targets. Limits & Stops in chart w SL & TP prices, may the charts be in our favor..
US30 here are some observations and insights:
Market Context
1. 4-Hour Chart:
- The price has been in a downtrend recently, forming lower highs and lower lows.
- Key support levels are visible near 43,710 and 43,350.
- The RSI (Relative Strength Index) is heading towards the oversold zone, which could indicate potential buying interest soon.
2. 1-Hour Chart:
- The trend remains bearish with clear downward momentum.
- The price is respecting the moving averages, which are acting as dynamic resistance.
- Short-term support zones align with those on the 4-hour chart.
3. 15-Minute Chart:
- The price is still trending down but is closer to immediate support zones. The RSI is very close to being oversold, suggesting possible short-term bounce opportunities.
Recommendation
- Sell if:
- Price retraces to resistance levels and shows rejection (e.g., bearish candlestick patterns like pin bars or engulfing candles).
- RSI is neutral or overbought.
- Buy cautiously if:
- Price hits key support (e.g., 43,710 or lower) and shows clear signs of reversal, such as bullish divergence on RSI.
Acw Us30 crash and ath destinations Using bar patterns
Using acw best practices
Using advance price predictions
US30: Key Levels and Bearish Outlook Below 44410Technical Analysis
The price has dropped approximately 320 pip, as mentioned in the previous analysis, and has now stabilized below 44410. This supports a bearish outlook, with the next target being 44130. A break below 44130 with a 4-hour or 1-hour candle close will confirm further downside to 43900.
To signal a bullish correction, the price needs to break above 44410 by closing a 4-hour candle above this level, potentially targeting 44590.
Key Levels:
Pivot Point: 44410
Resistance Levels: 44590, 44750, 44920
Support Levels: 44270, 43900, 43760
Trend Outlook:
Bearish below 44410, with targets at 44130 and 43900.
Bullish correction above 44410, targeting 44590.
PREVIOUS IDEA:
My exectations for US 30Hi guys, hope you are doing good))
** Time frames of the analysis are 4H & daily.. on the chart currently is the 1d frame
** The index big overall view is bullish and it does HH and HL which I marked them by numbers but we are on the correction bearish temporary wave to try to create another HL to start again to go to another HH and so on....
** My TP1 and TP2 are marked on the chart by horizontal lines with price tags too
** The big yellow rectangle represents the consolidation zone which I avoided to trade at except the price breaks through up or down and once it broke down through, I made that idea as it became clearer now
** The index should settle on the purple uptrend line to take the power back or lose it and fall down more but anyway it will go there, but the market whalers know how we think well so they use the cards in their hands like a retrace to the upside from the current level to the most important price currently 44735 or higher but then it will go down to visit the daily uptrend line
** Plz consider too that the Fib 23.6% was not settled on by index yet so it did not meet the same point of the trend line by chance! it is the work of the market whalers and needs certain people to read their minds and go along with them otherwise no losers will be at markets.. it is not about chart alone, it is more about understanding the whalers! how they think and what they want.. Whalers are liquidity providers, banks, ETFs and funding establishments along with individual so rich people like me hehehe (joking) who not by chance too think all in same way that is why they become more rich and the poor stays poor or poorer because it is about the mind set, not only a chart! or a circumstances! true!
** Also the daily down should be filled but i do not depend on the daily gap to be filled as there are three daily gaps already further down which index did not fill yet!
** TP1 is the high and TP2 is the top of the body candles of 11th and 12th Nov.
** In case the purple uptrend line will be broken by a closed minimum daily candle, so I will make another idea then.
** Try to open the chart and make it bigger to see the view better or zoom or according to what you like
NOTE ****** Tp1 means to close the trade and then see if there is consolidation then breakthrough in the trade direction or to see that it retraced to the opposite direction of the trade then came back then (WAIT) till it settle down on by body or wick then to go in the trade direction only then you could re-enter to TP2
My ideas are exclusive to myself only and is not regarded as an advice for traders or investors and are not more than personal thoughts which I just wanted to share with you all and I do hope they could help.
I am not selling any signals and I do not take money favour any trades recommendations. They are free of charge all lifelong but I keep the copy rights of them though to not be copied or shared or sold.
Weekly Forex Outlook Sun.Dec.8.2024 - Fri.Dec.13.2024Like and Comments would be appreciated :D Not Financial Advice, Just my outlook/opinion
US30 Short Setup: Riding the Retrace to Key Support Levels!Since the elections, traditional markets have been climbing to new highs, showcasing strong bullish momentum. However, I’m now eyeing a short opportunity on the Dow Jones (US30) as it retraces to key support zones around 44,400–44,500. This area appears to be a strong support zone, and my plan is to capitalize on the retracement for a potential long setup near the 44,000 price range.
Currently, US30 is trading below the FibCloud, suggesting room for a retrace to the 44,800 level before continuing lower. My strategy here is to profit from the retracement, then re-evaluate for a long trade based on market conditions near the support levels.
Key Levels:
• Support Zone: 44,300–44,500
• Resistance Zone: 44,800
• Take Profit: 44,440
• Stop Loss: Above 45,100
Market Outlook:
With tomorrow being a U.S. bank holiday, volume may vary significantly. I’ll closely monitor price action and market reactions for further confirmation. This trade aligns with the broader market behavior while taking advantage of shorter-term retracements.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
Do you think this could happen to the US30?
Hi
Should we make a buy?
An uptrend can be said to occur on the 1-hour timeframe when the candles are able to cross the black lines drawn and move upwards.
Bearish drop off pullback resistance?DJ30 is rising towards the resistance level which is a pullback resistance that is slightly below the 38.2% Fibonacci retracement and could drop from this level to our take profit.
Entry: 44,619.03
Why we like it:
There is a pullback resistance level that is slightly below the 38.2% Fibonacci retracement.
Stop loss: 45,135.21
Why we like it:
There is a pullback resistance level.
Take profit: 44,110.47
Why we like it:
There is a pullback support level that is slightly above the 50% Fibonacci retracement.
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DOW LONGDow at bottom of channel and downward trend line also coincides with 61.8 retracement from low and 88.6 from recent low....Im long from here stop just below the box as the lower box is always a possibility
Bearish drop?Dow Jones (US30) is rising towards the pivot which is a pullback resistance and could drop to the pullback support.
Pivot: 44,592.03
1st Support: 44,083.28
1st Resistance: 45,084.89
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US30- Falling to Fill Gap and Rising SoonUS 30 is currently at a major support line at 44388. Price is likely to stay along this support line until tomorrow morning during high trade times between 9am and 11am. Price will likely continue falling or another day, however because we are at a major support line price may bounce off of the current support line faking a sell just to create a bullish trend. Look for a trend reversal between now and Wednesday.
US30 / Dropped and Still Continue Within Bearish Trend Technical Analysis
Dow Jones Already dropped and stabilized below 44755 which means still has a bearish volume to get 44410, it's possible to do a retest till 44750 and then start within a bearish trend.
To be bullish trend should break 44760 by closing the 4h candle above it, to get 44920
Key Levels:
Pivot Point: 44680
Resistance Levels: 44750, 44920, 45090
Support Levels: 44410, 44270, 43900
previous idea:
Dow Jones Wave Analysis 9 December 2024
- Dow Jones reversed from resistance area
- Likely to fall to support level 44300.00
Dow Jones index previously reversed down from the resistance area between the resistance level 45000.00 (which has been reversing the index from the end of November), resistance trendline of the daily up channel from August and the upper daily Bollinger Band.
The downward reversal from this resistance zone started the active minor correction iv of the higher impulse wave 5 from last month.
Given the overbought daily Stochastic, Dow Jones index can be expected to fall toward the next support level 44300.00 (former resistance which stopped wave i at the start of November).
Dow Jones reaching 44k zone again, bearish movements after NFPDuring last month the index reached 7% increase in price but now is waiting for the CPI data on Wednesday and FED decision in the following days. The price is now neutral around the 44k zone but the bullish tendency is strong as for now.
Main resistance is the 44k zone, upward movements can enhance the actual tendency.
Main Support is 43k and 41k zones. Any movements below the 41k could endanger the actual tendency on the chart.
There is also a bearish divergence between movements in price and movements in RSI. This signals losing of price momentum and probably can warn about corrections in price.
Following this, we have to wait for the new fiscal policies of United States.
Dow Jones Potential UpsidesHey Traders, in today's trading session we are monitoring US30 for a buying opportunity around 44350 zone, US30 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 44350 support and resistance area.
Trade safe, Joe.
DJI Is Bearish! Sell!
Please, check our technical outlook for DJI.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 44,642.75.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 43,791.11 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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