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US30 trade ideas

Teach Yourself Trading Dow Jones Buying In 3 StepsTrading the dow jones TVC:DJI right now wont Look attractive to you. This is because mainstream media is bashing it. According to Reuters, ”Nasdaq hits record high as Alphabet earnings beat estimates“ , October 29, 2024 Sadly the price of the Dow Jones market has gone down. Also according to this article above, utilities are not doing so well. Now you may be thinking, “Why should i buy Dow jones after market crash?” This is because if you look at the indicator on the chart You will see a divergence below the oversold zone. This crossover shows you that the price is cheap and its the best time to buy Dow jones index. If you want to buy another stock, within the Dow jones then thats fine.But if you want to buy the dow jones while its cheap then read the following: ” Tip#1:Sick And Tired Of Market Crashes? Learn How To Trade Dow Jones” Tip#1:Sick And Tired Of Market Crashes? Learn How To Trade Dow Jones Learning how to trade the Dow jones may come off as scary.But this is not something to fear. Its all about understanding the right market cycles and indicators to use. Last week i was trying to understand the power of bulls and bears.Also, i was trying to understand how to dip buy. You may be thinking, “Is it even possible to dip buy?” Yes its very possible and this is what the Dow jones is showing you. What you are seeing is another way to buy the Dow Jones by Dip buying. I did not make up the term dip buying. I got this term from Tim Sykes. In other words, its called the cup and handle pattern. But by the time you see the handle the pattern is complete. If you want to buy another index to make money then that's okay.Otherwise to learn more read this: ” Tip#2:The #1 Quickest Way To Trade Apple “ Tip#2:The #1 Quickest Way To Trade Apple Listen this Dow Jones divergence is very much connected to the fact that apple has an earnings report coming. Trading an earnings report is another strategy. I got this idea from Tim Sykes trading challenge student Jamil, from his book, you can get called ”Penny Stock Guide” Trading the earnings.Is not just about buying earnings reports But its also about looking at the market psycology of the overall market. Now you may be thinking, “How is apple stock connected to Dow Jones Index?” Its good if you think like this because appl is tha largest stock on this index.Also the positive earnings report will boost the over rall index, or atleast give the Index a surpport price action.Now if you feel that you should buy another stock in the Dow Jone Index then thats okay.But buying apple stock will alos helpo you understand the key to market cycles. When you look at the Dow Jones index am using a strategy to determine wether the price is in an uptrend or not.In order to learn more about this strategy read more here: Tip#3:Need More Trading Ideas? Buy Dow Jones Market Crash Tip#3:Need More Trading Ideas? Buy Dow Jones Market Crash Before i continue to share this education with you i have a confession.I wanted to recommend buying apple stock and honestly buying Apple stock NASDAQ:AAPL will be a buy. But i also want you to see the big picture.You see i want you to learn. Because when you master this then it will protect you against the bad actors we have in the financial markets They are too many bad actors in th financial markets. You may be thinking, “Why is learning about the Dow Jones Important?” Because once you learn about the big picture then you will be better prepared to pick the right trading opportunities. The strategy which is called the rocket booster strategy has 3 Steps: • The price has to be above the 50 MA • The price has to be above the 200 MA • The price has to gap up in a trend If you have another strategy to learn or develop then you can do that.If you want t understand the “Cap and handle pattern” This strategy will guide you. Rocket boost this content, to learn more read : "The 3 Easy Ways To Buy Apple Stock" below Disclaimer: Trading is risky please learn risk management and profit taking strategies because you will lose money whether you like it or not.
TVC:DJILong
by lubosi
US30 Trade Idea 29 Oct 2024 (Time Frame H1)The chart you've shared shows the Dow Jones Industrial Average (DJIA) on a 1-hour time frame. Here's a breakdown of the analysis, based on what I can see: Observations: Elliott Wave Count: The chart has Elliott Wave annotations, specifically identifying a correction pattern (labeled a, b, c) followed by a possible impulsive move (labeled i, ii, iii, iv, v). Fibonacci Retracement Levels: Multiple Fibonacci retracement levels are drawn, suggesting potential areas for price reversals. Key levels are marked at 0.236, 0.382, 0.5, 0.618, and 0.786. Projected Path: The white zig-zag line projects a possible upward trend following the completion of the current wave structure, with a target above the 0.5 or 0.618 retracement levels. Stochastic Oscillator: The oscillator below shows values near the oversold region, which could indicate that a reversal is near. Potential Trade Idea: Entry: Wait for a confirmation of the fifth wave completion (v) near the support zone or Fibonacci extension levels (like 1.23 or 1.618). If the price holds and begins to turn upwards, it could signal the start of an upward impulsive move. Target: Initial targets could be set at the Fibonacci retracement levels, such as 0.382 (42,413), 0.5 (42,393), or 0.618 (42,373). A stronger move could aim toward the higher Fibonacci levels. Stop-Loss: Place a stop-loss below the recent low, possibly below the 1.618 Fibonacci extension level (42,203), to limit downside risk. This analysis suggests a potential bullish reversal setup after wave completion. Make sure to monitor the price action for confirmation before entering a trade, and adjust risk management based on market conditions. Happy trading and trade wisely guys..
FX:US30Long
by mustaqim.mazuky
DOW JONES Bottom is being formed. Buy for 44000 immediate TargetDow Jones (DJI) eventually made a bullish break-out on our last analysis (October 08, see chart below) and hit our 43200 invalidation Target: The 3-month Channel Up is still holding and the price is now on the 4H MA200 (orange trend-line) and near the bottom (Higher Lows trend-line) of the pattern. The 4H RSI has completed a bottoming sequence similar to the September 11 Higher Low. As long as the 1D MA50 (red trend-line) supports (closes 1D candles above), this will be a buy opportunity. Our Target is 44000, which is the 1.236 Fibonacci extension, similar with the previous Higher High. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30Long
by TradingShot
Easy technical analysisTraders who have just started their work try to use more indicators in technical analysis and this makes them discouraged in their work and the analysis is boring for them. to find, we did the same thing in image B by several indicators, the result was almost the same, but in image A, we are more certain and it is easier to make a decision to trade, know that all indicators move with cash flow and you yourself You can recognize the direction of market flow earlier, so don't lose the way of correct analysis.
BLACKBULL:US30Education
by sashacharkhchian
Dow: Key data, earnings and US election all coming upStocks rebounded on Monday with oil prices taking a 5% plunge, amid an apparent easing in Middle East tension. The restrained reaction by Israel after recent attacks has spurred optimism, with markets hoping for stability in the region. European indices closed higher as we begin a very busy two weeks, with lots of data, US election and central banks meetings on the way. Treasury yields could take toll on stocks With the 10-year rising to a new 3-month month high of 4.29%, this could unravel risk assets. Having just closed lower for the fifth consecutive day, resulting in a weekly loss of more than 2.5%, the Dow could be the one to watch for potential underperformance. Small caps also slumped last week, while the tech-heavy Nasdaq finished flattish, helped by Tesla’s earnings and Nvidia surging to a new record high. Looking under the hood, financials (XLF) led the drop on Friday with a fall of 1.1% and nearly 2.1% for the week. Industrials (XLI) lost 2.8% on the week, while energy (XLE) lost 0.6% on the week and ensured a hattrick of weekly losses. Technology (XLK) was flat on the week, while semiconductor (SMH) rose 0.6%. Once again gold outperformed with GLD rising 0.8% last week. With financials and industrials taking the biggest hit, and energy also not doing great, the Dow and Russell are the obvious markets for the bears to potentially target, if sentiment turns sour again. Economic Data Points to Slower Rate Cuts Last week’s stronger economic indicators have reinforced expectations that the Federal Reserve may take a measured approach to future rate cuts, but will that change in the week ahead with some top-tier data to come including JOLTS, non-farm payrolls and ISM surveys? Last week’s data releases—such as jobless claims, services PMI, and durable goods orders— all surpassed forecasts, suggesting economic resilience. If we see a similar outcome from most of this week’s data releases, then that could even raise question marks over further rate cuts beyond the two more priced in for this year, as the Fed may be more inclined to wait and see before easing policy further. While a strong economy supports corporate earnings, it can also sustain higher yields, which may weigh on stock valuations. As a result, traders and investors are closely watching incoming data to gauge whether the Fed will indeed adopt a more gradual approach to rate reductions. US Election Uncertainty Adds Pressure The US presidential election is also in focus, with polls and odds markets showing a close race. Some betting markets are leaning toward a Trump victory, while other polls show a tie. A Trump win could have inflationary implications, potentially impacting the Federal Reserve’s approach to rate policy. Given Trump’s policies, investors may anticipate a more aggressive Fed response to manage potential inflation, which could affect stock prices and increase market volatility. The uncertain outcome has led investors to adopt a cautious stance, with many waiting to see how the election results may influence the Fed's future policy decisions and overall market sentiment. This has been evident in markets falling last week, VIX rising and gold hitting new record highs. Upcoming Earnings and Economic Reports As we head into a pivotal week and a half, several high-impact events could shape market direction. Investors are bracing for a series of earnings reports from major companies, often referred to as the "Magnificent 7" stocks, alongside the US monthly jobs report. These, combined with the US election on November 5, represent a series of risk events that could sway investor sentiment. Given the recent increase in yields, strong economic data, and the close election race, it is unlikely we’ll see investors rush to buy the dips. For now, a cautious approach may be warranted as investors navigate these uncertainties and await clearer signals for the market’s direction. Week ahead: Jolts, BoJ, NFP and lots of earnings There are at least a couple of major macro factors that could impact the Dow this week, while on a micro level, several tech names are reporting their results. 1) JOLTS Job Openings (Tuesday) With the Fed’s focus turning to employment, we will give preference to any labour market indicators over other data releases in the next couple of months. Though this data release is not very up to date (with this one covering August), it can still impact the market because job openings are a leading indicator of overall employment, and they usually take a few months to be filled. Last time we saw a surprisingly strong print of 8.04 million, aiding the dollar’s rally. 2) US nonfarm payrolls (Friday) Last month’s surprisingly good nonfarm payrolls data helped to fuel a big rally in the dollar as the market was forced to drop its calls for further outsized rate cuts from the Fed. Let’s see if those numbers will be revised and whether the strength in the labour market continued for another month. Any further strength in employment data could even call into question the now lower expectations of 50 basis points worth of more rate cuts in the next two FOMC meetings in 2024. This will undoubtedly move the Dow and other US indices too. Dow key levels to watch The technical Dow forecast has turned a tad bearish following last week’s drop. The last weekly drop of a similar magnitude took place in early September. That time, though, there was no immediate election risk, and so the index quickly bounced back and went on to hit new records in the pursuing weeks. This time, it could be different. Still, we will need to see a lower low to confirm the bearish reversal beneath the last short-term low at 41,800. If seen, we could see a sizeable drop with the next obvious support not seen until around 40,900 to 41,000 area. The longer-term trend line and 200-day average converge around the psychologically important area of 40,000. Standing in the way of these potential support levels is another one close to where the market finished on Friday and where it has staged a bounced from today, around 42,000. In terms of resistance levels to watch, the most important one in my view lies at 42,400 to 42,500. This area is now pivotal insofar as the short-term technical outlook is concerned. By Fawad Razaqzada, market analyst with FOREX.com
FOREXCOM:US30
by FOREXcom
US30 - Dow Jones IndustrialThe week’s key economic updates kick off tomorrow with the Labor Department's Job Openings and Labor Market Turnover Survey (JOLTS), which is anticipated to provide new insights into labor market dynamics. In its previous report, JOLTS indicated a 4.3% increase in job openings, bringing the total to 8.04 million. However, hiring, layoffs, and resignations all saw a decline, aligning with the Federal Reserve's decision to implement a 50 basis point interest rate cut. For the upcoming September report, analysts predict job openings will decrease by 0.6%, reaching 7.99 million. Additionally, the Conference Board will release its October Consumer Confidence report. Of particular interest will be the job confidence component, as it could offer a complementary perspective to JOLTS findings. The day will also see the release of the Case-Shiller report, the first of several upcoming housing market indicators. According to economists surveyed by Reuters, the 20-city composite index for August is expected to show a moderation in home price growth, down to 5.0% year-over-year from the previous 5.9%.
BLACKBULL:US30Long
by thabang01
US30 Holds Bearish Bias Below Key Resistance LevelsUS30 Technical Analysis As long as trades under 42450 will support a bearish trend to touch 42125and below that will get 41950 as well Stability above 42,125 may prompt a move toward 42,300 and 42,450; however, a bullish reversal requires a breakout above 42,590. Key Levels: Pivot Point: 42280 Resistance Levels: 42770, 42910, 43050 Support Levels: 42125, 41950, 41750 Trend Outlook: - Bearish by stability below 42450 - Bullish by stability above 42590 previous idea:
OANDA:US30USDShort
by SroshMayi
DreamAnalysis | Dow Jones Analysis Key Levels to Watch!✨ Today’s Focus: Dow Jones (US30) – A Key Market Mover Today, we’re diving into the latest Dow Jones price action, pinpointing critical levels to identify potential trends and strategic trade opportunities. 📊 Market Snapshot: The price is currently oscillating within the previous week’s range. After capturing some crucial buy-side liquidity, such as the Previous Month’s High (PMH), there’s been a strong shift to the sell side. 🔴 Short- vs. Long-Term Outlook: We’ll break down scenarios for both bullish and bearish setups, providing insights for day traders on how to approach short-term and long-term trends. 🗣 Short-Term Outlook: In the short term, a potential retracement higher could take out some Buy-Side Liquidity or hit the midpoint (50%) of the range. Following this, the price may continue downward toward sell-side targets, with the Weekly Imbalance as a significant level to watch. 🗣 Long-Term Outlook: Our long-term perspective remains bearish until the price reaches the Weekly Imbalance at the 50% range mark. From there, we’ll need to observe how the market reacts to assess if further declines are likely. 🕓 Key Levels to Watch: These levels are likely to shape price movement: - PMH: Previous Month High - PML: Previous Month Low - PWH: Previous Week High - PWL: Previous Week Low - BSL: Buy-Side Liquidity - SSL: Sell-Side Liquidity - Weekly FVG: Fair Value Gap (Imbalance Zone) Fair Value Gaps (FVGs) are crucial zones for potential retracement, setting up the next directional move. 📈 Bullish Scenario: For a bullish setup, monitor lower timeframes (LTF) for a sweep of Low-Resistance Sell-Side Liquidity. Look for entry models targeting higher levels, including a move toward the All-Time High (ATH). 📉 Bearish Scenario: For bearish opportunities, use lower timeframes like the 15-minute chart. Seek short entry signals within the 4-Hour Imbalance, or wait for a breakdown of Low-Resistance Buy-Side Liquidity for added confirmation. 📝 Final Thoughts: Stay flexible as market dynamics shift. Monitor these key levels and setups to fine-tune your strategy and capitalize on high-probability trades. 🔮 Coming Up: We’re also tracking NASDAQ, DXY, EUR/USD, and other major markets, with timely insights as trends evolve. ⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
CAPITALCOM:US30
by DreamAnalysis