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US30 trade ideas

Dow Jones Industrial Average (US30) - 1D Chart AnalysisThe Dow Jones (US30) is in a strong uptrend, nearing a key resistance zone around 41,886 USD. Fibonacci analysis highlights critical levels that can help identify potential support and resistance zones. Meanwhile, the TDIGM indicator signals overbought conditions, suggesting a possible short-term correction. Key Levels: Resistance: 41,886 - 42,313 USD (Fibonacci -0.272 extension). Support: 40,594 USD (Fibonacci 0.236) and 39,701 USD (Fibonacci 0.5). Critical Lower Zone: 38,009 USD (previous significant low and potential correction target). Technical Indicators: The TDIGM is showing overbought conditions, with lines above the 60 mark, indicating that the market may be nearing exhaustion. Price is slightly above the support-moving average, implying the uptrend is still intact but could face selling pressure at current levels. Investment Strategies: 1. Short-term Sell Strategy (Correction Bet): Sell Entry: Between 41,800 - 42,000 USD, anticipating a correction after the recent rally. Stop Loss: Above 42,313 USD, to protect against an upside breakout. Take Profit: Target support zones at 40,100 USD (Fibonacci 0.382) and 39,701 USD (Fibonacci 0.5). 2. Medium-term Buy Strategy (Support Retest): Buy Entry: Between 39,701 - 40,100 USD, aiming for a rebound after a correction to these Fibonacci levels. Stop Loss: Below 39,300 USD to manage downside risk. Take Profit: Target resistance at 41,800 - 42,000 USD, with potential to extend to 42,313 USD if momentum builds. 3. Buy Breakout Strategy (Uptrend Continuation): Buy Entry: Upon a clear breakout above 42,313 USD. Stop Loss: Below 42,000 USD to mitigate risk. Take Profit: Extend targets to 43,000 - 43,500 USD, forecasting further bullish continuation. The Dow Jones (US30) is testing key resistance. Despite signs of overbought conditions suggesting a possible correction, the strength of the uptrend cannot be ignored. The strategies outlined aim to capitalize on both short-term corrections and potential breakouts, with well-defined entry and exit zones. 💡 Follow me for more insights and high-probability trading strategies!
CAPITALCOM:US30Long
by MrVNpt
DOW JONES: At the top of the six month Channel Up.Even though Dow Jones has reached the top of its Channel Up pattern, it remains on very balanced bullish technicals on the 1D time-frame (RSI = 62.120, MACD = 487.030, ADX = 32.488). Our trading plan will be based upon breakouts. As long as the price remains under the top of the Channel Up and over the dashed trendline of the August wave, it is a no action (do nothing). If it crosses above the top of the Channel Up, it's a buy (TP = 43,500) as most likely we will see an extension of the wave to a new +8.28% rise. If the price crosses under the dashed trendline, its a sell (TP = 40,900) to the 1D MA50 at least. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30
by InvestingScope
POSSIBLE 5th WAVE TOP WE Min targets have been met. The chart posted is that of the Dow Jones avg . I can now make a strong case that todays high can be the End of the rally from Oct 13 low 2022 the min target was 41958 and could have even reached as high 43100 based on the wave structure I feel it is time to be 90 to 100 % Longs PUTS . See the RSI not reaching new highs and that the QQQ is having a great deal of trouble at my 486 /494 . As to the SOX index I called for a wave C up to end wave B and form the Right shoulder in My weekly head n shoulder TOP .I have thought we could hold up into 9/30 to ideal date of 10/2 I see a Major Event the week of OCT 11 to the 19th . I have told everyone to View the 2007 top formation . BEST OF TRADES WAVETIMER !!!
TVC:DJI
by wavetimer
Dow Jones tests upper band of channelThe Dow Jones trades within a rising channel. The price has risen to fresh record highs above 42.2k and is running into the upper band of the rising channel, dating back to the start of April. The RSI is on the brink of overbought territory, so buyers should be cautious. A rise above the trendline resistance opens the door to a 43k round number. On the downside, support is seen at 41,565, the August high. It would take a fall below 40k to create a lower low.
FOREXCOM:US30Long
by FOREXcom
US30 - Bullish area, while above 42210Technical Analysis: Dow Closes at Record Highs Technical Outlook: As long as trades above 42210, there is a bullish trend toward 42500 and 42810. However, a 4-hour candle close below 42,200 could trigger a decline towards 42,070, and a sustained move below this level may lead to a further downtrend targeting 41,565. Key Levels: Pivot Point: 42210 - 42290 Resistance Levels: 42450, 42700, 43040 Support Levels: 42070, 41770, 41565 Trend Outlook: Bullish while above 42210
OANDA:US30USDLong
by SroshMayi
US30/DOW, we are setting up for short, Team, We have successfully hit US target 1 this morning. We do not go long because it is a higher risk than reward. with this current market and level of the price for the US Warren Buffet just got out of his banking investment. NOTE: We are setting up for SHORT US30 only once the price is confirmed at 42222-42229, with STOP LOSS at 42262.90 Target 1 at 42179.5 Target 2 at 42132 Target 3 at 42104 Note, once it hits the first target, take 50% , and bring stop loss to BE level.
PEPPERSTONE:US30Short
by ActiveTraderRoom
Dow Hits Record Highs as Markets React to Fed Remarks Dow Closes at Record Highs The Dow Jones closed at all-time highs on Monday as markets assessed comments from three Federal Reserve officials regarding the central bank's recent monetary policy decisions. Technical Outlook: Stability above 42,210 would signal that the Dow Jones is in a bullish zone, with potential targets of 42,500 and 42,810. However, a 4-hour candle close below 42,200 could trigger a decline towards 42,070, and a sustained move below this level may lead to a further downtrend targeting 41,565. Key Levels: Pivot Point: 42210 Resistance Levels: 42450, 42700, 43040 Support Levels: 42070, 41770, 41565 Trend Outlook: Bullish while above 42210 previous idea:
OANDA:US30USDLong
by SroshMayi
US30 POTENTIAL SELLTrade Idea: Sell on US30 15M CHART Analysis: I anticipate a decline in the US30 index within the next two hours. I plan to place sell stops around the 42,162 level. My priority targets are set for a 25-50 pip move, aiming for exits between 42,137 and 42,111 as we have lots of bullish imbalances within and below these levels. For an extended target, I’m eyeing the 42,060 level, which aligns with expectations of heavy divergence bearish pressure. Risk Management: Although I won't use a hard stop loss, I recommend a mental stop loss above 42,220, considering the liquidity above this level. This allows for some market breathing room while still managing risk effectively. Keep an eye on market developments and adjust as necessary. Not investment advice. Please protect your capital.
PEPPERSTONE:US30Short
by BluezFxTraders
1
DOW JONES shows no signs of slowing down.Those of you who are worried if the upcoming November U.S. Presidential Elections or medium-term pull-backs (such as those of July and April 2024 or August - October 2023), pose a threat to your investments, you have a strong reason to relax and feel safe and that is the current chart. On this 1M time-frame analysis, we see Dow Jones (DJI) in almost the past 30 years (since late 1997) and the Cycles that have defined its Tops and Bottoms. As you can see, initially there is a clear (green) Channel Up that is always trading above the 1M MA50 (blue trend-line), leading to the eventual Top, which in turn initiates the Bear Cycle (red Arc). The use of the Sine Waves make a great fit for the bottoms in particular. It is interesting to mention that the time period between the end of each (green) Channel Up and the start of the next one is approximately 40 months (3.3 years). Also since the 2008 Housing Crisis, we can see that a wide Channel Up has been the dominant pattern driving the expansion of Dow. With the above information in mind, we can reach the conclusion that the index is only now entering that aggressive green Channel Up of the Bull Cycle, meaning that the Cycle is far from over and if anything, we are approaching its middle. In fact, the 3.3 year (40 month) time gap has just been completed, so there is a full Channel Up expansion ahead of us. Now, how high can that get? Well if each Bullish Leg of the 2008 emerged Channel Up is 40% less than the previous, then we are looking for at least a +100% rise from the September 2022 bottom, giving us a rough 57000 Target on a 5-year horizon. Again that doesn't mean that we won't have medium-term pull-backs (like those mentioned in the opening paragraph) along the way, they are necessary and they reset the prices in order to attract more liquidity and investors, but on the long run you can feel comfortable holding your stocks. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DJILong
by TradingShot
Weekly Analyses and RecapWelcome Traders, Last week US30 gave a bullish impulse on Thursday Sep 19 following the announcement of the Fed Reserve interest rate cuts. Since then, price has been consolidating. Monday and Tuesday are notoriously known for low volume and consolidation there is no need to be rushing into trades Instead, I am using the time to allow price to reveal its hand on the direction. There is no telling that US30 isn't at ATHs. However it is important to note that the markets have not had a bullish rally since the interest rate cut. Prior to rate cuts, the market anticipated a 25bp cut which was then over ruled by the announcement of a 50bp cut. Although the Fed Reserve later justified the 0.5bp cut, one would think that this would have come as a positive acting as a catalyst for bigger bullish rally. This is an indication that market structure is signalling the fact that a correction is due. My directional bias for the week is bearish to signal a HL on the bigger TFs such as the 4H to retest the fair value gaps before resuming on the uptrend to ATHs. Since the signalling of the Daily HL at 39,985.5 on Wed Sep 11, price has been very bullish for the past two week only signalling a 2H HL as the biggest timeframe with a type of low. Although my bias is bearish for the week, it is common for price to have a bullish liquidity grab to sweep out the current highs at NYSE open taking out any early sellers. If NYSE opens on Tuesday or Wednesday with a push to the upside, this push can serve as a key entry point for a sell position to take out the lows and restest a previous support. If we do end up getting a correction, my TP of interest is at 40,991.4 at the 61.8% retracement level and previous resistance level where price broke out from.
OANDA:US30USDShort
by jhannellefrancis
1