Weekly Forex Outlook Sun.Nov.24.2024 - Fri.Nov.292024Like and Comments would be appreciated :D Not Financial Advice, Just my outlook/opinion
US30 trade ideas
US30 - Long Term Outlook Signals CorrectionWallstreet Index is nearing it's upper level and there's at least 20% correction due in coming months. As far as the below support holds in correction, we should see strong Bullish move to higher levels.
For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management.
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Disclaimer: This content is for educational purposes only and should not be considered financial advice.
DOW JONES: A few days of consolidation can push it to 46,100Dow Jones is almost overbought on its 1D technical outlook (RSI = 68.114, MACD = 449.010, ADX = 35.064) and is printing a sequence much like post September 20th. That was a consolidation Channel that paved the way to the next bullish wave on the 1.5 Fib extension. This is a 4 month Channel Up supported by the 1D MA50. As long as it does, aim for the 1.5 Fib (TP = 46,100).
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US30 / Bearish Momentum After New ATH at 45,025Technical Analysis
The price recorded a new ATH at 45,025 yesterday before dropping. It now shows a bearish volume, with potential targets at 44,530 and 44,400.
Bearish Scenario:
As long as the price trades below 45,020 and 44,830, the bearish trend is expected to continue toward 44,530 and 44,410, especially if it stabilizes below 44,790.
Bullish Scenario:
The price must stabilize above 45,050, confirmed by a 4-hour candle close, to target 45,200.
Key Levels:
Pivot Point: 44830
Resistance Levels: 44920, 45025, 45200
Support Levels: 44530, 44410, 44280
US30 / UNDER GDP NEWS / 4HUS30 / 4H TIME FRAME
HELLO TRADERS
As long as prices remain below the All-Time High (ATH) and confirm the downward trend observed yesterday, the market continues to trade under downward pressure. If prices fail to break above the Adjusted Resistance High (ARH) at 44,950, they are likely to decline further toward 44,514 and 44,170, with a key support level at 43,817. Conversely, breaking above the ATH could suggest a move toward new historical peaks. Overall, the current market is trading within a bearish framework.
Dow JonesTrend is bullish and we can maybe see another targets
- This is not sell or buy signal. Don`t trade with anybody else analysis or signals.
- Never risk more than 1% of your account on any position. And don't forget to have more than 5 confirmation for any trade!
Falling towards overlap support?US30 is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 44,535.84
1st Support: 44,176.94
1st Resistance: 45,039.30
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.
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US30 Market Analysis
1. Technical Perspective:
• The chart shows a strong upward breakout from a falling wedge pattern, a traditionally bullish setup.
• After the breakout, price action seems to be consolidating near a resistance zone (marked in red).
• Support near 44,400 appears to have held firm previously, creating a higher low, which aligns with bullish momentum.
2. Stochastic Oscillators:
• The Stochastic Divergence and Stochastic indicators at the bottom suggest a recent overbought condition but are not yet sharply reversing, indicating consolidation rather than a full-fledged bearish reversal.
• If the stochastic moves upward from its midline, it could signal continued bullish momentum.
3. Key Levels:
• Resistance: The red box indicates a resistance zone near 45,000. A breakout above this level could trigger further upside movement.
• Support: Immediate support lies around 44,400. If this level holds, the market could continue upward.
4. Volume and Sentiment:
• While volume isn’t visible in the chart, breakouts with sustained buying pressure tend to confirm bullish trends.
• Broader market sentiment should also be considered; a positive catalyst (e.g., economic data or easing bond yields) could help US30 push higher.
Likely Scenario:
If support near 44,400 holds and there are no external bearish catalysts, the Dow (US30) could push higher toward or beyond the 45,000 resistance level. However, failure to break resistance may result in a short-term pullback to test lower support levels.
US30 4hr LongUS30
📈 4hr Long
💰ENTRY: 44806.5
👎STOP LOSS: 44708.6
TP TARGETS
⏰TP1
⏰TP2
⏰TP3
✅ 1. Weekly Time Frame: Price has been breaking bullish and trending above the 10, 50, 200 EMAs.
✅ 2. Daily Time Frame: Price has been breaking bullish and trending above the 10, 50, 200 EMAs.
✅ 3. 4hr Time Frame: Price has made a valid correction into the 10 EMA.
✅ 4. Price has made a Swing Low Engulfing candle above the 50ema.
This is a great example of my systematic system.
Thoughts About Elliott Wave: Why the 5 & 3 Model?According to Dow, there are two primary trends in the market, the primary uptrend and the primary downtrend.Both primary trends consist of three phases.
Phases of the Primary Uptrend
-Accumulation Phase
-Markup Phase
-Distribution Phase
Phases of the Primary Downtrend
-Distribution Phase
-Panic Phase
-Discouraged Selling Phase
Note that the distribution phase is common between the primary uptrend and the primary downtrend. The urgent question is:
Where does the distribution phase lie? In the primary
uptrend or in the primary downtrend?
The answer is that this stage occurs during the final stage of the bullish trend. Although the selling (the downtrend) has actually started, it does not appear on the chart that shows the continuation of the bullish trend, as the selling is done in a hidden way, where smart sellers who notice the greedy buying rush from all traders in the market, whether professional or nonprofessional, who heard from the specialized and nonspecialized media about the uninterrupted staggering profits of the stock market.
At this phase, all or the vast majority of investors, traders, and fund managers become buyers, either with what they own or in managing money, in addition to margin, in order
to catch up or increase profits that continue for a long time. No one believes that it will be cut off or stopped.
For sellers to distribute the largest amount of their shares they own, they maintain the upward trend in front of market participants to maintain buyers' hopes. Only a few professionals who are not under the psychological pressure of excessive optimism take note of this sales process. They notice the selling and the start of the real bearish trend (which is not visible on the chart) through negative divergences, whether in volumes or with momentum indicators and market breadth. Rising wedge is the best formation and reflects the distribution phase. At times it is formed in the whole distribution phase or in the last part of it.
IFTAUPDATE 2022 Volume 29 Issue 1
By El- Sayed Owaidy, CETA, CFTe
Potential Buy Idea on Us30Typical order block confirmation appeared now getting ready to head back up after re-test . .
CHART BREAKDOWN US30: Key Levels, Targets and Thoughts!Brief Description🖊️:
The chart provides insights into critical market levels, emphasizing 1 essential supply zone: low-risk sell zone spanning from 44,992.00 to 44,020.00, respectively, is highlighted.
Things I Have Seen👀:
Important Demand Zone🟢: Identified between 44,992.00 and 44,020.00 serving as a low-risk sell.
Bearish Targets📉:
44,950.00 : Possible retracement area.
44,910.00: Possible retracement area.
44,870.00: Possible retracement area.
44,830.00: Possible retracement area.
44,780.00 : Significant demand zone.
44,715.00 : Liquidity area.
What's Important Now❗
Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market
US30: Key Levels and Strategy for Tomorrow’s London SessionThe Dow Jones (US30) is approaching a critical support level at 44,700, and its behavior around this point could dictate market direction for the session. Without major news on the calendar, technical analysis and sentiment will play pivotal roles. Here's how to prepare for potential scenarios.
Scenario Analysis:
Bearish Case:
A break below 44,700 signals bearish momentum, with possible targets at 44,500 and 44,300.
Look for confirmation via high trading volume and bearish candlestick patterns like engulfing red candles or breakdowns on the 1-hour chart.
Indicators: RSI moving toward oversold (<30) and MACD bearish crossover strengthen the case for further downside.
Bullish Case:
If the market bounces from 44,700, it could signal a false breakdown, with resistance at 45,000 being the next target.
Look for bullish price action patterns, such as hammers or engulfing green candles, and confirm with rising volume.
Key Levels:
Resistance: 45,000
Support: 44,700 (critical), 44,500 (secondary)
Indicators to Watch:
RSI: Overbought (>70) or oversold (<30) zones to anticipate reversals.
MACD: Bullish or bearish crossovers for confirmation.
Volume: Validate breaks or reversals with higher-than-average activity.
Trading Strategy:
Sell if: Price closes below 44,700 with confirmation. Target 44,500 or lower, with stop-loss just above 44,700.
Buy if: Price reclaims 44,700 or bounces decisively. Target 45,000 with stops below the support zone.
Stay cautious, as market conditions during the London session can shift quickly due to liquidity changes. Use proper risk management with tight stop-losses and watch for false breakouts. Let’s see how this plays out! 🚀
us30 - 15 min ( Buy Scalping Target Range 200 PIP ) ⚡️ US30
Best Break Our / Key level's 15m Tf
🚨Bullish After Break Out key level + High Volume / 44900 Area
Break Out done
⚡️ We Only Sent Most Accurate Opportunity and Analysis Not by Number ..
🔖 Announcement Coming After Successful Break
Back to bull run after the key data release Day before yesterday the US30 closed all time high, showing it's strong bull run.
us30 liq and fvgFirst, there was a liquidity grab on the 1H timeframe, followed by a break of structure and the formation of a fair value gap (FVG).
YM (US30): Trend in daily time frameThe level of 43690 is very important to valid this setup.
Please pay special attention to the accurate trend, channel, and colored levels.
Its very sensitive setup, ...............<<<<<<<<<<<<<<<<<<<<<<<
Be careful
BEST
MT
US30 - ATH Reached, Key Levels for Bullish and Bearish MovesTechnical Analysis
The price recorded a new ATH at 44,930, as anticipated. Now, it appears to be starting a bearish trend, though it is possible to touch 45,020 before the trend turns bearish.
Bullish Scenario:
The price should stabilize above 44,930, confirmed by a 4-hour candle close above this level, in order to target 45,200.
Bearish Scenario:
As long as the price trades below 45,020, it will remain bearish, with potential targets at 44,530 and 44,410, especially if the price stabilizes below 44,790.
Key Levels:
Pivot Point: 44920
Resistance Levels: 45020, 45200, 45320
Support Levels: 44740, 44530, 44410
US30 TO TANK DOWN BEFORE IT SHOOTS UPGood day traders today we will be trading the dow as you can see, on the bigger timeframe we are expecting a retracement before the market continues to push to the upside, we that being the case i thing the market will tank down as soon as it touches the OB @44902.3 although the market might tank down even further for th retracement, our TP will be @44587.7 and thats about 300pips then done for the day GOODLUCK!!!
Entry:44902.3
SL:44942.7
TP:44587.7
Check the trend It is expected that a trend change will take place at the current resistance level and we will witness the beginning of a correction.
If the index breaks through the resistance level, the upward trend will continue to the 78.6% level.
DJIDJI - Dow Jones
Completed " 12345 " Impulsive Waves
Break of Structure
RSI - Divergence
Bullish Channel as an Corrective Pattern in Short Time Frame
RSI - Divergence
