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US30 trade ideas

Dow Jones Industrial Average Near Major ResistanceThe Dow Jones Industrial Average (DJI) is nearing major Fibonacci resistance. When measuring large percentage gains, its more appropriate to compare growth rates. Within Elliott – Motive waves there’s usually a Fibonacci relationship between the first and fifth waves. Primary wave had a growth rate of 74% multiplied by the Fibonacci ratio of .618 equals 45.73%. Adding 45.73% growth to the Primary wave bottom of 28,660.94 targets 41,767.58 for the peak of Primary wave . This target could be achieved on 09/03/24 or 09/04/24.
TVC:DJIShort
by markrivest
US30 View!!The S&P/ASX 200 index XJO was down nearly 0.4% at 8,062.90 points, as of 0055 GMT, with all but two sectors in the red. The benchmark ended 0.6% higher on Friday. The country's second-quarter GDP report, due this week, could set the stage for the Reserve Bank of Australia's interest rate trajectory when officials meet later this month. Economic data from the United States signalled the Federal Reserve will likely cut interest rates by a smaller quantum of 25 basis points, instead of 50 bps.
FX:US30Long
by FXBANkthe8055
Fed Cuts, Recession Here!Each and every end of a rate hike cycle has been met with economic recession or worse. The Fed will cut and the markets will implode, why? because the damage has already been done. All the fudging and manipulation the past few years will be exposed, GDP growth is a farce, high inflation has eroded your purchasing power for three years. Wages are rising a fraction of living costs rising... every country is experiencing this squeeze, especially the middle class. Folks are ceasing buying items or goods that are no longer necessary, cutting back on non essential is hurting manufacturing, I suppose the WEF and the greens will be happy that our "carbon footprint" is being shrunk. The same groups that fly private and drive in their expensive cars. The repo market was in serious trouble in late 2019, they created the perfect cover in 2020, they printed trillions and most of it went to the banks. We warned about inflation and to buy gold, a simple insurance policy. Our bearish stance has been proven wrong countless times, how can you compete with corruption and manipulated markets driven on fake economic numbers? Expect a top very soon in the markets, they are way overbought and hyped, expect some form of crisis or events to tag along with the coming collapse, take your pick. PM's are due for a pullback, then another wave higher, a strong wave up. Be careful for a top and heavy pullback as the markets get hammered. Watch the top red trend line now, another couple of hundred points and that should be about it. Appreciate a thumbs up, God bless you all!
BLACKBULL:US30Short
by Fractal777
5
US30 longHere is why: - Price broke all time highs, therefore there is evidence of price going higher - The monthly, weekly and daily candlestick closures are showing evidence that price is definitely going higher. - On the 4 hour timeframe I can see that price has reached a major level of resistance. However, there is no convincing rejection, indicating that price is going higher. - I would have to wait for a convincing buy pattern, before I enter long. Therefore I am waiting for buy confluences to form on the 4 hour timeframe. Moreover, I would have to wait for the New York session before I make any move.
FX:US30Long
by kingmwenja
Breaking down Dow Jones Elliott WavesThe above chart is my main hypothesis for the Elliott Wave count of Dow Jones which represents the Elliott Wave Analysis of the Bull Market Post 2008 financial crisis. Kindly read all the details to better understand the Elliott Wave analysis and how Elliott Waves can be used to give us an edge in trading. Currently it looks like we are in an Ending Diagonal waves. The reason we are in Ending Diagonal Wave 3 instead of Wave B of ABC flat is because we are too far up now for our current market to be considered in wave B of an ABC flat. The 2008 crisis bear market was an ABC flat, if you look, we crashed at that time when Wave B was at around 138% of Wave A. I have attached sub wave structure of the rally we have seen so far after the COVID crash. I have explained my reasoning for my wave counts in the chart which you can take a look. Now moving further inside our sub waves, below chart shows the sub wave structure of the ABC wave we are in since 27 October, 2023 Further moving inside our sub waves, the chart below shows the breakdown waves of our this year move. Once all the waves shown in the below chart finish, we should see a correction towards our Post COVID peak price levels.
DJ:DJI
by syedhamza2135
1
Crash Pattern Forming on Dow Jones? Rising Wedge 2025?I was just studying my charts and I just happened to see this pattern jump out at me regarding 2000-2008 that looks so very similar to today. If this pattern is indeed going to play out for a 40% crash then I need to sell all my Long portfolio ASAP. I do not want to get caught in this Compare 2008 below to today Both have a 16 degree rising wedge pattern Again, I want to be bullish and for it to go up but if this is the pattern that is indeed playing out, I need to get out of the way. I don't want to sell my Long portfolio in anticipation of this but at the same time, I don't want to get steamrolled by this either. Why would they repeat the same pattern twice in a row is my question? Let me know your thoughts. Am I dumb for seeing this? Thank you all.
TVC:DJI
by Dow_Jones_Maestro
9
$DJI <> Rate CutsRetail investors often mistakenly believe rate cuts are bullish and will profit, but history suggests otherwise. In the last two decades, we have witnessed three major rate-cutting events that occurred a few months before market peaks, each followed by 40%+ corrections. We have observed similar patterns with retail investors becoming bullish as rate cuts are announced. Markets typically become euphoric for a few months, with retail investors buying at the top, only to experience major drops shortly after.
DJ:DJIShort
by Flow-Trading
Stock Market CrashAfter realizing my recent ideas on this were posted privately, I figured I'd post this publically and not gate-keep it, for anyone it may be able to help.. Haven't made an update of this Great Depression super cycle since 2021, but the 47,880 area I had been eyeing back then still lines up almost too perfectly. Threw in fib pulls off the 2008 and 2020 cycles too for more price action confirmation. Can the fed delay the inevitable recession long enough to get that target first?
TVC:DJI
by JustoMcGusto
1
Dow Jones to 42kThe Dow Jones trades in a gently upwards sloping channel. Having recovered from 38,400, the August low, the price rose to a fresh all-time high of 41,582 yesterday. The price hovers just below here today but is still above the near-term falling trendline support level. Buyers, supported by the RSI above 50, will look to rise above 41,582 towards 42k and fresh all-time highs. Immediate support is at 40,800, the near term falling trendline. Beyond here 40k comes into play. FC
W
by CityIndex
Idea on US30US30 normally i never trade this pair but the price action looks good. We have a great ICT set up imbalance where price could possible it can go. It's Friday and we do have a lot of news. Dow Jones is one of the most popular American indices of 30 prominent stocks listed on NASDAQ or New York Stock Exchange (NYSE). The composition of the If a company declines or loses a key role in the economy, it may leave the index Dow Jones Index changes as the U.S. economy evolves. and a new company may join it. The index excludes companies in the transportation and public sectors.
FX:US30
by EZIO-FX