Retest of a highDow Jones might retest a near term as a result of the bearish move. A drop and stability under 43k, will likely see further downward movement.
US30 trade ideas
Dow Jones 30-Minute Trade Targeting Key Liquidity ZoneCurrently, this 30-minute Dow Jones (US30) trade is focused on reaching the liquidity zone around 42,840. The price is trading near previous highs, and a fast move is anticipated from this level. Maintaining a strategic approach, we are closely monitoring this zone to confirm whether a breakout will occur or if the market will reject this liquidity level.
Technicals:
• The market has been ranging near previous highs, indicating a possible buildup of orders around this level.
• The price has shown consistent interaction with the FibCloud, suggesting institutional involvement.
• Current market structure points towards a possible bullish move if the liquidity zone is tapped, followed by a rapid price shift to the upside.
• A key resistance zone lies around 42,840, which will be the short-term target for this trade. If broken, this could lead to higher momentum.
Fundamentals:
• The market remains sensitive to macroeconomic factors such as interest rate updates and geopolitical tensions.
• Positive market sentiment has been bolstered by potential stimulus measures from both the US and international economic policies.
• The US Federal Reserve’s rate hike discussions and global monetary easing are contributing to volatility, impacting the broader market.
• Investor focus remains on earnings season reports and data releases such as the upcoming US jobless claims and inflation figures, which could shift market dynamics quickly.
This setup is poised for a quick move, depending on whether liquidity is tapped, leading to a potential sharp reaction.
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.
US30 Bearish confirmedBearish Bias, Watch for Key Support at 42,469
The market is currently in a bearish phase with strong selling pressure. Immediate support lies around 42,469 - 42,500, and a break below this could lead to further downside.
A reversal could only occur if the price holds this support zone and gains bullish momentum with a move back above 43,037.
Stock market still in expansion phaseStepping back to longer timeframes, it's often easier to see the forest from the trees. It's easier to see patterns. For instance, you can see the rising RSI pattern that follows a long time-frame bull run. When the market starts substantial pullbacks, it breaks that trend to the downside and starts a new trend. That switch results in a recession and a longer timeframe cooling of the market. Currently, it seems we have not reached that point. That is not to say we could not quickly fall into that pattern, but understanding where we are at in a cycle is as import as the decisions we make when the market changes.
US30 Possibly bearish If the price consolidates above 43,150, it could move toward the 43,900 range. However, if it drops below 42,700, we might see a retracement toward lower support levels.
My personal bias is bearish from the resistance
US 30 double bottom patternUS 30 has formed double bottom pattern on hourly chart which is a reversal pattern,buying is a good option once it break neck line .
US30USD Will Move Higher! Long!
Take a look at our analysis for US30USD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 42,851.2.
The above observations make me that the market will inevitably achieve 43,893.3 level.
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.
Like and subscribe and comment my ideas if you enjoy them!
Correction The current support range is expected to be broken and a continuation of the downtrend is likely. If the index stabilizes above the current support range, the continuation of the upward trend is likely
Dow Jones break wedge pattern Dow jones break Wedge pattern but it still above demand zone and up trend
Demand zone between (42649.00:42773.00) if it still above this demand zone i think it will go up again to reach 43037.00 then 43350.00.
in the other side if demand zone has been broken and closed under daily candle it i think we may see correction up to 42390.00 then 41860.00.
Us Wall St 30 forecast by Elliott The potential target and timing of the third wave have been drawn using two tools: Fibonacci Extension and Fibonacci Time. According to this analysis, within the next two weeks, we can expect it to rise up to 44,000.
Falling towards 50% Fibonacci support?DJ30 is falling towards the support level which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 42,601.36
Why we like it:
There is a pullback support level that aligns with the 50% Fibonacci retracement.
Stop loss: 42,438.90
Why we like it:
There is an overlap support level that aligns with the 61.8% Fibonacci retracement.
Take profit: 43,005.50
Why we like it:
There is an overlap resistance level.
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Will the market uncertainties impair the Dow?Macro theme:
- The US30 has pulled back from record highs after a long rally, driven by rising Treasury yields and worries over high valuations.
- Investors are watching earnings from companies like Boeing (BA) and Coca-Cola (KO), which could affect market sentiment.
- With mixed economic signals and geopolitical uncertainties, short-term volatility is expected. Investors are balancing hopes for Fed rate cuts against concerns about economic growth and corporate earnings.
Technical theme:
- From the 4-hour chart, US30 broke its ascending trendline and retested EMA78 and the support level at 42720.
- If US30 breaks below 42720, the index may change the structure sideways and reach nearby support around 42390.
- On the contrary, if US30 remains above 42720, the index may consolidate within 42720-43300 until an apparent breakout occurs.
Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
The increase in corporate profits help the stock indices to riseBy examining the trend in the four-hour time frame, the Dow Jones index has the important support of the bottom of the ascending channel in the range of 42747, and if it is maintained, there is a possibility that the price will rise towards the resistance of the ceiling of the ascending channel in the range of 44893.
Dow Jones ready to break the support?it shows a good top formation on Dow Jones, exactly 161.8% external retracement, and strong daily candle close for the bearish.
So i will go with the short and stop above the top.
See you at the bottom!
CHEERRRSS!
US30 Went Exactly As We Predicted US30 never size to obey our analysis. We took and unimaginable profit from US30 today... Hold on for our signal on the next move.... Will it break the SbR or not. Stay tuned.
Dow Jones - There Is A Lot More Upside!Dow Jones ( TVC:DJI ) is just starting the next bullish impulse:
Click chart above to see the detailed analysis👆🏻
The Dow Jones is anything but bearish and over the past couple of months, value stocks in general have actually been outperforming growth stocks significantly. I do expect all time highs on basically all major indices and the Dow Jones might even head for the $50.000 mark next.
Levels to watch: $50.000, $35.000
Keep your long term vision,
Philip (BasicTrading)
DOW JONES ahead of an huge rally based on the 2017 fractal.More than a year ago (September 13 2023, see chart below), we posted a long-term fractal comparison for Dow Jones (DJI) between the 2022 - 2025 and 2015 - 2018 periods:
As you can see the 1W MA50/100 Bullish Cross eventually placed the index on a huge rally (even though it had to go lower for a month) that hit Target 1 at 42000. The 1W RSI and MACD sequences in 2024 however evolved in such a how that we have to re-adjust the patterns in order to fit the 2017 price action.
The charts now display very symmetric fractals and it appears that we are now on a short-term consolidation (circle) after a +50% rise from the September 2022 bottom. In November 2017, that was the final consolidation before the most aggressive rally of the Bull Cycle that made Dow top and then pull back to test its 1W MA50 (blue trend-line).
As a result, we move our final target even higher at 49300, which represents a +71% rise from the 2022 bottom, similar to the rise that priced the January 2018 High.
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US30- bias long Bullish indications:
Major support respected.
Bullish engulfer candle from support.
Bullish divergence.
Resistance broken at 42820
Expecting a retracement at 42791
Trend line resistance is broken.
pair moved upwards above the MA
Trade plan bias long @ 42796
SL:42703
TP1:42878
TP2:42950
US30 a posibile bullish reversalThe chart analysis suggests that the US30 is at a critical phase, with the price testing an important support zone. The possibilities at this point are:
Probable Bearish Continuation: If the support at 42,700 fails, a continuation of the bearish movement is very likely, with targets toward 42,500 and 42,350.
Short-term Rebound: If the price manages to hold the current support and break through the dynamic resistance, a rebound toward 43,037 and 43,280 could occur, although this option requires a significant increase in buying pressure.
US30 -Futures dip ahead of earnings-packed weekFutures dip ahead of earnings-packed week
US30 Technical Analysis
The price has recently reached a new high, and to confirm a continuation of the bullish trend, it must stabilize above 43,350, potentially targeting 43,630.
However, if the price closes a 4-hour candle below 43,215, this would suggest a bearish reversal, with the next target being 42,920.
Key Levels:
Pivot Point: 43215
Resistance Levels: 43450, 43650, 43870
Support Levels: 43025, 42820, 42450
Trend Outlook:
- Consolidation 43350 - 43215
- Bearish By stability below 43215
- Bullish by stability above 43350
Second Entry for US30 BuyGuys keep holding second entry and close when it gets to the first entry... You can hold some with BREAKEVEN.
Enjoy mighty profit
