Us30Buy zone or completion of head&shoulders on us30. Zone on 1h entry on 15m or right shoulder on 5 minute
US30 trade ideas
DOW JONES Channel Up near its bottom. Solid buy.Dow Jones / US30 is trading inside a Channel Up since late August.
The price is about to enter the buy zone of the pattern.
The previous bearish leg made a -3.81% correction before it bottomed and initiated the bullish leg to the 1.618 Fibonacci extension.
We expect a strong rebound from the current prices, so buy and target 44100 (just under the 1.618 Fib).
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US30 / Dow Jones Buys!!!Analysis Confirmation
1. Fibonacci Levels: I’ve marked the 0.618, 0.786, and 1.618 Fibonacci levels, which align well with potential reversal and target areas. The 0.618 level at approximately 42,327 acts as support, while the 0.786 level around 42,479 provides additional confirmation near the breakout point.
2. Descending Triangle Breakout: Your chart shows a descending triangle with the resistance trendline below the 42,500 area, indicating a potential breakout if the price can close above it. This pattern suggests bearish exhaustion, so a breakout above the trendline could initiate a bullish move.
3. Target Levels: You’ve set the 1.618 and 2.618 Fibonacci extension levels as potential targets, at approximately 42,884 and 43,374 respectively. These strong resistance zones give realistic take-profit levels if the breakout occurs.
4. Moving Averages and Support: The price is supported by the 200-period moving average (black line) and is currently testing the 50-period moving average (blue line). A break and hold above the 50-period moving average could signify bullish strength.
Trade Description
Entry:
- Enter a buy position on a confirmed breakout above the 0.786 Fibonacci retracement level around 42,479. Look for a strong close above this level to confirm momentum.
Stop Loss:
- Set a stop loss below the 0.618 Fibonacci retracement level, around 42,340, to manage risk in case of a pullback or false breakout.
Take Profit:
- First target: 1.618 Fibonacci extension level around 42,884, which could serve as the initial resistance.
- Second target: 2.618 Fibonacci extension level around 43,374, if bullish momentum continues.
Risk Management:
- Keep your risk per trade low, ideally around 1-2% of your account balance, especially if this is part of your account growth strategy.
US30 BUY AT SUPPORT Hello trader , What do you think about US30 ? Here on US30 price form a support around area of 42270.5 and there is a chance of moving more up and trader should be expected to go LONG with expected profit target of 42790.1 and 43217.3 . Remember to like and share your thought on comment.! Use money management
Dow Jones IndustrialHello community,
A short daily analysis of the famous Dow Jones Industrial.
As long as we stay above the red line at 41832 points, there is not much to worry about.
However, if we break this level, it is another story.
I drew a Fibonacci, to have the levels.
The market is nervous with the Trump and Kamala duel.
The trend is still bullish, because we are above the simple average of the 200 periods!
Make your opinion, before placing an order.
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Short trade
1Hr Tf overview
1min TF Observation (RSI)
Sellside trade
Mon 10th Nov 24
Pair US30USD
NY Session PM
Noon (NY time)
Entry 44071.0
Profit level 43914.9 (0.35%)
Stop level 44099.7 (0.07%)
RR 5.44
Reason for entry: monitoring 1min TF
for entry with RSI indicator
for directional bias.
US30 SELL 30 MINUTE TIME FRAMESTRONG SUPPLY ZONE
Recent Double Top Formation
Price has to feel the gap below Expecting a 4:1 reward, Let's see!
Short trade
1hr TF Overview
Sellside trade
Pair US30USD
NY Session PM
Noon (NY time)
Entry 44385.7
Profit level 44065.0 (0.72%)
Stop level 44539.9 (0.35%)
RR 2.08
Reason for entry: R
reaching new high and
accounting for a retracement
to balance the new price range
Dow Jones Wave Analysis 11 November 2024
- Dow Jones rising inside impulse wave 5
- Likely to reach resistance level 45000.00
Dow Jones index continues to rise inside the minor impulse wave 5, which previously broke the key resistance level 43500.00 and the resistance trendline of the daily up channel from August.
The active impulse wave 5 belongs to the weekly upward impulse sequence (C) from April of this year.
Given the clear weekly uptrend, Dow Jones index can be expected to rise to the next resistance level 45000.00 (target price for the completion of the active impulse wave 5).
Dow Jones Potential UpsidesHey Traders, in today's trading session we are monitoring US30 for a buying opportunity around 43900 zone, Dow Jones is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 43900 support and resistance area.
Trade safe, Joe.
Selling outlookWe are looking at sell opportunities targeting the recently broken higher time frame swing high level, an acceleration in price to be expected towards this level as break and test retail traders will be opening buy positions to push price to the upside.
We are selling against the late buyers given that the DXY is gaining strength and the drop in Gold price is the greatest signal we can use in our advantage at the moment.
Bearish Correction Expected with Key Bullish Trigger at 44270Technical Analysis
The price has increased by approximately +5.20% over the past week.
Today, a corrective move toward 43900 is expected, with a break below 43760 potentially signaling a bearish trend targeting 43350.
Alternatively, a break above 44270 would open a new bullish phase, aiming for 44400 and 44600.
Key Levels:
Pivot Point: 44270
Resistance Levels: 44400, 44600
Support Levels: 43900, 43760, 43350
Trend Outlook:
Bearish Correction toward 43900
Bullish Continuation above 44270
previous idea:
US30 Will Go Up From Support! Buy!
Here is our detailed technical review for US30.
Time Frame: 17h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 44,172.7.
Considering the today's price action, probabilities will be high to see a movement to 44,971.3.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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SELL probability on US30SELL probability
@ the crossunder/closers below
44.060
SL -- 44.100
(( SELL prob. again below 44.140 with + - 100points SL ))
TP ¹ -- 44.000
(( Watch if reversal to entry with W%R ))
TP ² -- 43.900
(( REVERSAL ))
TP ³ -- 43.800
(( Friday lows max ))
HappyTradingWeek
Euphoria LONG for TARGET area 49-52kBased on the long term analysis market could probably top in coming months which are seasonaly strong periods for the markets called as Santa Claus rallies and early beginning of the next year in 49-52k area we could reach some turnaround point. We are now still in very nice and strong uptrend when buy on pullback is reasonable still but based on funds massive long exposure which is unprecedent I expect we are coming to the last euphoria stage for markets which may rocket the price to 50k area. I am cautios and will be looking for short entry opportunities then. Now targeting long entries.
NVIDIA joins the DowUS stock indices settled down a touch yesterday. The Dow ended unchanged. The mid-cap Russell 2000, which had soared on news of Trump’s win, pulled back a touch to close 0.4% lower. The S&P 500 added 0.7%, while the tech-heavy NASDAQ gained 1.5%. Volatility, as measured by the VIX, has fallen sharply, and is now back to levels last seen towards the end of August, not long after the yen carry-trade unwound. The majors were mixed in early trade this morning, but then turned lower. There is little in the way of significant economic data releases or earnings reports to influence market direction. It’s worth noting that NVIDIA is entering the Dow Jones Industrial Average, replacing Intel. This should give the index an extra jolt of volatility. Bear in mind that the Dow is a price-weighted index which means the higher the stock price, the greater the influence on the index. NVIDIA is trading at an all-time high just under $150. Intel trades around $26, having recently bounced off lows last seen in September 2010. NVIDIA will rank at the top of the bottom third of the index, while Intel was bottom. The inclusion of NVIDIA comes just ahead of its next earnings update on 20th November. Bond yields have softened, pulling back from highs last seen in July. Yesterday the Federal Reserve cut rates by 25 basis points, as expected. Fed Chair Powell said he was ‘feeling good’ about the economy, although he did warn that the US was on an unsustainable path as far as fiscal policy is concerned. He also made it clear that he would complete his term as Chairman which runs until 2026. The President has no power to sack him. Markets are still predicting one more 25 basis point rate cut in 2024, but the probabilities are swinging about a bit. As usual, the Fed will remain data-dependent when it comes to rate decisions, although Powell maintains that current monetary policy remains restrictive. No doubt he’s thinking of all those real estate loans that will reset next year.
US30 Is Bearish! Sell!
Take a look at our analysis for US30.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 43,838.04.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 42,226.86 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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longstill in this trade going for long President Trump's win push stock market even higher and we might see more record breaking prices
US30 Awaits Bullish Confirmation Amid Seller PressureHello,
In the latest analysis, we observed a resurgence in upward momentum for the BLACKBULL:US30 . Now, a confirmation is needed above the 1-month pivot point (1M PP). Currently, the price is testing the 1-week pivot point (1W PP), with sellers still exerting considerable pressure and anticipating further downside. While it might seem counterintuitive to lean toward a bullish outlook, all indicators are pointing in that direction. However, if the 1M PP again acts as resistance, further support tests could follow.
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TradeWithTheTrend3344
