Dow Jones index probabilitiesThe possibility of a fall in American economic indices in the long term is painful, but in the short term, investors will inject liquidity into the indices and there is a possibility of an increase again.
US30 trade ideas
DJIA H4 | Potential bullish reversalDJIA (US30) is falling towards a swing-low support and could potentially bounce off this level to climb higher.
Buy entry is at 42,779.36 which is a swing-low support that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 42,320.30 which is a level that lies underneath an overlap support and the 23.6% and 61.8% Fibonacci retracement levels.
Take profit is at 43,369.56 which is a swing-high resistance at the all-time high.
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DJI- Correction to 40k zone?Since mid-September, the Dow Jones Industrial Average ( TVC:DJI ) has resumed its upward trend, reaching new all-time highs.
This recent rally reflects investor optimism and strong market momentum.
However, despite this bullish movement, the rise appears to be contained within a rising wedge pattern, which can often indicate a potential reversal or the weakening of an uptrend.
For traders and investors, a key confirmation of this potential correction would be a decisive drop below the 42,500-42,700 support zone. If the Dow30 breaks below this critical level, it could trigger a larger sell-off, possibly pushing the index down toward the 40,000 level—a significant psychological and technical support zone.
While it’s still too early to confirm whether this correction will take place, it’s important to keep an eye on the price action around the 42,500-42,700 range.
If the index fails to hold this zone, it could mark the end of the recent uptrend and the start of a broader market pullback.
In summary, while the Dow30 has been reaching new heights, caution is warranted due to the rising wedge pattern and key support levels.
If these signals confirm a correction, we may see the index retracing toward 40,000 in the near future.
Another Buy Opportunity on the Dow / US30This is a simple but effective approach for me that I have been using to trade US30 for some time now.
This is a top down analysis from weekly all the way to 15M.
Everything is bullish so I will never be selling this pair. That's why I am looking for a dip or pullback of this pair going to my buy zones.
I have 3 possible buy zones because we will never know where price will reverse.
So I am setting my alerts on these zones for me to be ready once it triggers.
I will update this idea again once price visited the zone for a possible 5M TF entry to get a better risk reward and targeting the All-time high or even higher if we get a very strong momentum since we have a red news later on New York session therefore we will have possible more volume coming in for this market.
US30: Seize the Opportunity - Buy Signal Active!US30: Seize this buying opportunity on the US30, as market conditions indicate a potential upward trend. The US30 is currently in a reversal phase, making it an ideal time to enter the market. Pay close attention to technical signals and indicators, as the US30 could soon experience a strong rise. Don't miss this buying opportunity on the US30 to maximize your gains.
DOW JONES 1hour Channel Up on its bottom. Buy.Dow Jones / US30 is trading inside a Channel Up and the price hit its bottom today.
By doing so it almost tested the 1hour MA200, which is holding since October 9th.
Also it completed a decline identical in % terms with the first one of the pattern.
This is a strong buy opportunity. Buy and target 43,450 (top of the Channel Up).
Follow us, like the idea and leave a comment below!!
US30 Idea ContinuationFrom last weeks sell idea, it seemed to respecty the consolidation area. With reaspect to the charting will be including wicks to ensure a larger more accurate supply/demand zone.
Overall bullish with making more highs but expecting a mild consolidation
#US30 Time to Lock in ProfitsBased on the current Elliott wave count, it appears that the price is at or nearing the top of wave 5 on the daily timeframe. As a result, we might anticipate a price downturn, if not a full reversal.
At this point, it would be prudent to lock in profits and prepare for a potential downward movement.
Additional confluences, such as the occurrence of bearish divergence in two degrees, and appearance of rising wedge pattern in 4H timeframe, further support the possibility of a top formation.
US30 short on retracement The Dow has been bullish for the past four weeks and a slight pullback to the 42728 psychological level is probable before it resumes to trend.
DOW/US30 - GOOD TIME TO SHORTTeam, we are shorting the DOW at 43315-43345
STOP LOSS at 43465
target at 43265-55
target at 43195-83205
target at 43112-25
Once the Price hits the first target, BRING stop loss to BE. Ensure take 60-70% profit .
Dow Jones (US30) - Elliott Wave Count5th wave seems to be finished as an ending diagonal. We can expect price to fall sharply anytime soon now.
US30 10/21/24💡
🔍 5hr time frame: Price is currently over extended.
Bias: Neutral, waiting for price to correct into the 10/20emas.
US30 SELL ANALYSIS DOUBLE TOP PATTERNHere on Us30 price form double top and try to go move down so if line 43065.7 break so there is a chance of moving more down so trader should look for SHORT with expected profit target of 42936.5 and 42777.4 . Use money management
US30 Market Analysis (Sell Bias):US30 Market Analysis (Sell Bias):
We are selling US30 due to key technical indicators pointing towards a potential downside move. The price is currently at strong resistance levels, where past price action has shown difficulty in breaking higher. In addition, the trend lines indicate a downward trajectory, and pivot points are aligning with this resistance, reinforcing the sell signal.
The stochastic oscillator is also showing overbought conditions, suggesting the index is overextended and due for a pullback. With these factors in play, a sell position aligns well with the current technical setup.
US30 (Dow Jones) Weekly Analysis Alert!🚨 US30 (Dow Jones) Weekly Analysis Alert! 🚨
📊 Resistance Zone: 43,500 - 44,000
📉 Reversal Point: 43,300
🎯 Target: 40,300
US30 is showing signs of a **potential fake breakout** near the 43,500 - 44,000 resistance level. A rejection here could lead to a **downward move**, with the next target around 40,300. Watch closely for a reversal near 43,300!
⏳ Keep your eyes on the RSI and momentum indicators for confirmation! This could be a **great shorting opportunity** if the price reverses.
#Trading #US30 #DowJones #StockMarket #TechnicalAnalysis #TradingOpportunities #TraderLife #StockMarketAnalysis #MarketTrends #InvestSmart
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Does US30 Bulls Take A 'Short' Break ?Analysis done on the 4HR
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Given Info:
→ MSS Indicating Bullish run
→ We have 3 BOS on 4HR TF creating new HH
→ After 3rd BOS the last 3 4HR candles we have BSL Sweep that failed to take out the last high, by rejecting and essentially sweeping liquidity.
Scenario 1 ( Green Line) :-
→ Price comes pushes down to our SIBI @ 42.928 (sell side imbalance buy side inefficiency) still with in our bullish channel and rejects of off the 4HR FVG and pushes to push back up BSL creating a new high at 43.740?
Or 🙄
Scenario 2 ( Red Line ):-
We get a deeper retracement taking out the bullish OB turning it into a Breaker Block , creating a MSS then retesting the Breaker Block and making its way further down to SSL @ 41.923?
Seems shorts need to happen in order to go long again, as after every HH that gets made there has to be a HL @ (42.928) or price could simply just break structure completely and market starts to short grabbing liquidity @ 41.923 before going long again? 🤔
20.10.24The bulls had once more ouut weighted the bears with both markets creating new all time highs and now are both at the same time both officially closed out of Septembers high.
For once it is set to be a quiet week on the economic calendar for US but there are reports due on both existing and new home sales, also reports durable goods orders, consumer sentiment and initial jobless claims.
Tesla will be the first of the Magnificent Seven tech companies to report as corporate earnings and also semicondutor earnings.
US30: After price pushed passed 42654.0 the previous week, price retraced back into weekly range past some sell side liquidity the pushed past highs at 43191.21 to create new all time highs. I will like to see price begin to trade past 43338.89 but I would like to see how price reacts mid week and if price will begin to lose strength.
GER40: After the previous week being bullish, price continuied to push higher passed old high 19500.4 and passed previous months highs. I will like to see price push past 19679.3, but also I will like to see if price loses strength mid week also
US30 Possible Setups Upcoming weekUS30 has closed weekly candle bullish which still indicates bullish trend is intact however if we see on daily timeframe US30 has closed Friday candle within range of previous day candle, we can possibly see selling on Monday in US30 targeting the liquidity area however if we get closure of H4 above 43350 area than doors to new high will be open however will see the closure of candles and execute the trades upon confirmation
Note: Not a financial advice only for educational purpose
US30 SELL ANALYSIS RISING WEDGE PATTERN Here on US30 price form a rising wedge pattern and about to move down so if line 41496.86 that means price is likely to sell more so trader should look for SHORT when that happened and target profit of 40427.97 and 39330.33 . Use money management .
"US30 Powers Ahead, Unstoppable in Its Bullish Climb""US30 Accelerates in a Well-Defined Bullish Movement: Breaking Barriers and Eyeing New Heights
Following an impressive breakout from the consolidative triangle pattern near the 42,300 mark, the US30 has embarked on a robust and sustained bullish journey, capturing the attention of market participants. This pivotal breakout served as the ignition point for a powerful upward momentum that continues to strengthen with each passing day, reflecting a broader confidence in economic resilience and corporate earnings.
One of the critical areas that traders and analysts had their eyes on was the strong resistance zone around 42,600. This level was not just any ordinary resistance—it was a psychological barrier, aligning closely with the all-time high price for the index. The significance of this level cannot be overstated; it represents a critical test of market sentiment and resilience. As expected, US30 encountered some friction as it approached this level, with price action initially stalling, indicating the presence of considerable selling pressure.
However, once the index successfully breached the 42,600 threshold, the bullish narrative took on an even more compelling dimension. The breakthrough above this resistance zone signaled a shift in market dynamics, with bulls gaining greater control and propelling the index higher. What’s particularly notable about this rally is the methodical nature of the price movement—US30 has been climbing steadily, with no sharp corrections or erratic volatility, indicating strong market support and a solid base for further gains.
As the price ascends beyond the 42,600 region, all eyes are now on the next key level: 43,180. A decisive move above this level could act as the next catalyst for an even steeper bullish ascent, potentially opening the door for the index to explore uncharted territory and set fresh record highs. Traders are closely monitoring this zone, as a breakout above 43,180 would likely signal another round of intensified buying pressure and solidify US30's position in a long-term uptrend.
In summary, US30 is exhibiting a textbook bullish movement, characterized by its breakout from a major technical pattern, the overcoming of a key resistance level, and a slow yet consistent rise in price. With the market sentiment favoring continued gains, any sustained move above 43,180 could lead to even greater bullish potential, pushing the index into new heights previously thought unattainable. As market participants remain on high alert for further developments, it’s clear that US30's current momentum shows no signs of slowing down anytime soon."
US30 (H1)The Dow Jones index was able to close the week with great positivity.
Therefore, we are looking forward to buying from levels 42905 in case we get confirmation of price action from this level with a stop loss of an hourly candle below 42736 with a first target at levels 43308, 43500 and 43688.
Second scenario: If the Dow Jones index corrects deeply without price action signals that support the rise, we look forward to buying the second, which is the strongest, at levels 42594 and stopping at levels 42368 and holding below it for an hourly candle.
With targets at levels 43174, 43306 and 43500
Update to Dow Jones Industrials Time At Mode Back in 2015 I had published a chart with annual data for the Dow Jones Industrials. I will provide a link at the bottom.
The research for this patterning is something I did myself by hand using pencil and paper back in the 1980's. These patterns show up in all time frames.
There is plenty of room to enhance the research on this technique and a group of us gather in the chat rooms here at TradingView to discuss new trades that set up and point out when trades expire.
Notice how these two grey boxes (which are both 50% drops in price) that expand wider in time from the 1960's to the 1980's and the 2000-2010's had a multi-year trend, followed by a monster crash (1987 was 40% and 2000 was 37%) and then just two+ years later there was a secondary bear market of 20% in 1990 and 22% in 2022. Keep in mind this is just for the DJ:DJI and not the Nasdaq Composite or S&P500 which were greater corrections.
The 11-year time frame of the 1999-2011 pattern allows for an 11-year rally from 2012 (which was year 1 of the 11-year rally) shows that time expired. As you can see from the 1943-1962 trend, a smaller 5-year mode formed at the end of the 20 year trend and then the market peaked in 1972-1973 when time expired for the second, smaller mode.
I had to reconstruct this chart after the data for the previous chart changed symbol. See the link below to see the original.
I look forward to your additional research onto this pattern and its implications to the idea that we are in a similar period to 1993-1994 with rally years of 1996, 1997, 1998, 1999 and 2000 ahead of us.
All the best,
Tim
October 19, 2024 3:31PM EST
