US30 SellsUS30. We can look to sell in this area, with monarch pattern forming. A double top on H1 can also be used as sell reference.
US30 trade ideas
US30 3 Possible reaction levels possible short to long
I have 2 demand zones marked out as well as a possible London Supply
Confirmation is key
Is This the Beginning of a Major Downtrend? SELL OPPORTUNITYIf you are looking at this chart it is evident that your eyes are showing you that the US30 has been on an upward trend for quite some time. So is this the beginning of a downtrend???
US30 Neutral today but expecting price to head upwards longtermI believe that there is no clear cut setup for US30 at the moment. A daily closure would give the best signal for what it is going to happen.
However, I believe that price will go upwards long term.
Here is why;
- Price broke below 40,000 which is a massive weekly region with a lot of bearish momentum.
- Price has not retested 40,000 and I believe we will see a retest in the near future.
- Price went as low as 38,500 where we can see that is the region where most of the bullish orders were filled. 39,000 is also a notable region where orders were filled.
- As of this morning, price is trapped between 39,100 and 38,500. Until I get a full daily closure above 39,100 then I will know whether to buy or sit on my hands.
My thesis as of now is that there is no clear bias to jump on today and that it is best for me to sit on my hands as I wait for price to make a comprehensive decision. I will update if there are any changes during the day.
Correction It is expected that the index will change the trend in the current resistance range and continue the downward trend.
Otherwise, with the breaking of the resistance trend line, the continuation of the upward trend will be possible
Watch the box going into year end Watch the box going into year end - we are testing support on bottom trend line.
Dowjones Is Approaching The Daily TrendHey Traders, in today's trading session we are monitoring US30 for a buying opportunity around 38400 zone, US30 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 38400 support and resistance area.
Trade safe, Joe.
Dow Jones Index (US30): One More Bearish Setup
I also see a bearish trend following setup on Dow Jones.
After yesterday's selloff, the market started a correctional movement.
On an hourly time frame, the market found a resistance around 39100 level
and formed a double top on that.
I think that the Index may drop at least to 38655 level.
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✔️RSI shows bullish divergence (That's when the price goes down but the RSI goes up - could mean price might go up soon!)
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US30: Day 3 short traders in the marketHi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you!
“Trade setups, not movements”
1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion)
Monday DAY 1 Opening Range
Tuesday DAY 2 Initial Balance ✅
Wednesday DAY 3 (reset DAY 1) Mid Point Week
Thursday DAY 2
Friday DAY 3 Closing Range
2. SIGNAL DAY
First Red Day
First Green Day
3 Days Long Breakout
3 Days Short Breakout
Inside Day
3. WEEKLY TEMPLATE
Pump&Dump
Dump&Pump ✅
Frontside
Backside
4. THESIS:
Long: primary, potential signal of reversal, day 3 short traders in the market, closed yesterday out of balance (out of previous daily level). I would be interested in a long position if the market will hold the consolidation till indexes opening at 9:30am NY time.
Short: secondary, when a market is out of balance can stays out of balance, it can still blowing down in the direction of the main trend. Why Im not interested at the moment? because I let the 3 session setup to drive my main thesis, and at the moment the setup is long.
Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement.
Gianni
US30 / Global Stocks Decline as Investor Sentiment SoursStocks Drop as Early Relief Fades
Global stocks retreated on Tuesday, surrendering earlier gains as the uncertainty from the previous day's aggressive selloff weighed on investor sentiment. This occurred despite central bank officials making reassuring statements to calm the markets.
Current Outlook:
The price is trading in a critical zone, indicating potential breakout movements between 38,770 and 39,130. A decisive move in either direction is required to establish a clear trend, with a greater likelihood of a downward movement.
Bullish Scenario:
- Stability above 39,130 could signal a bullish trend, targeting 39,360 and 39,510.
Bearish Scenario:
- A bearish trend would be confirmed by stability below 38,770, with a 4-hour candle close below this level, aiming for targets of 38,380 and 37,800.
Key Levels:
- Pivot Line: 38,770
- Resistance Levels: 39,130, 39,350, 39,550
- Support Levels: 38,450, 38,100, 37,790
Today's Expected Range:
The price is anticipated to fluctuate between the support at 38,450 and the resistance at 39,130.
DOW JONES INDEX│ US30 │ 5 – 9 August 2024
- Daily timeframe
Swing structure is bullish, however price is in a corrective phase and tapped into discount, the only question remains is whether this correction will continue or if price will turnaround at this point to continue its bullish price action
• Bullish bias
- Four-hour timeframe
Focusing on the last leg of the daily internal structure, we can see that the four-hour timeframe is bearish; we however can see a fractal pullback. Will this lead to the overall trend continuation or just an internal pullback? Time will tell
• Bearish bias
- 15-minute timeframe
Zooming in on the four-hour fractal pullback, we are waiting to see if we will change character to the upside or continue bearish.
• Bearish bias
©Austin Palmer for FONOS Fx, 2024.
US30 NeutralI believe that I should sit on my hands this morning
Here is why;
We saw a lot of bearish momentum yesterday.
Price has lost its bearish momentum so far
However, price is trapped between the daily regions of 38,500 and 39,125.
US30 DailyPrice is nearing the 20-week moving average, a key support/resistance level. Historically, this MA has influenced significant reversals or trend continuations. Watch for potential bullish bounce or bearish rejection upon contact.
Crash InboundAfter what seemed eternity, stocks have topped across the board, never ending rallies, fed on nothing but hope that the Fed will cut, we repeat, the Fed does not or will not cut until the economy is in recession.
Red warnings have been here for months, volume this past week was way above average in the heavy selling. Folks are getting out of the Nasdaq hyped mania, it's not just rates that is causing the shift, geopolitical events are about to materialise into quite probably some severe market chaos or crash in the weeks and next few months.
Our idea back in June called for the "Mother Of All Shorts" to beckon, it is here now!
It is difficult to believe that 15 years have past since the last great crash, nothing but phoney debt, manipulation and downright recklessness.
But they do not care about what is unfolding, we repeat that they make it look like not their doing.
Why is gold surging to record highs?...safety and sniffing out trouble on a scale never seen is approaching.
All it will take to blowup this market is an event to blame. Whether it's the Middle East or Russia's blame, it's coming inbound fast.
The trend line has broken, perhaps we get a small bounce from here, if so, short what you can...years worth of long gains can be wiped out in a few weeks.
Get on the right side of this market or get out.
Appreciate a thumbs up, good trading and God Bless you all!
Possible set up on US30 Possible downward move from 39018 or 39225 level to 38660
Not a financial advice only for educational purpose
US30USD Weekly AnalysisThis index has been forming a rising flag pattern for the past few weeks which IMO is a strong indicator of a bearish momentum.
I do anticipate that the momentum will continue and test the market zone at 38.2 A follow-up analysis using shorter time frames will follow.
Dow Jones LongTime Frame Proximal Price Zone
6 Month Demand 34941
Qtrly Demand 37786
Month Demand 38581
Weekly 38376 38376
Daily 38359 38359
Average BUY & Strong Support 37008.6
Today Price retrace from Weekly Zone 38376
dow jones 1d low Hello, my old friends, I am going to start my work again with strength. I have set a target for you, but I advise you not to enter and watch
w.a
US30: On a potential new trendUS30: On a potential new trend
Fears of a US recession and the fact that the Fed needs to start cutting rates to support the economy are killing indices and the stock market.
The US30 broke down 39800, which is also a daily support zone now turned into resistance.
At the moment, we may see the US30 creating any correction, but overall indices have already started a downtrend and may move lower in the coming weeks.
You may find more details in the chart!
Thank you and Good Luck!
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