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US30 trade ideas

Bullish Potential for DJIA Towards 45,700 Amid Support BreakdownKey Observations Fibonacci Extension: • Fibonacci Extension is used to calculate potential price targets after a pullback. • Fibonacci Extension Levels: o 0%: 43,507.08 (beginning of the rise). o 100%: 45,762.55 (full price target). o The 45,762.55 level, as the 100% Fibonacci Extension target, serves as a potential take profit area if the price successfully rebounds from support and breaks through previous resistance. Support and Resistance: Main Support: • 43,507.08: Key support near the trendline. • 43,329.65: First horizontal support level. • 42,738.60: Second support if breakdown occurs. • 41,697.23: Last support that maintains the long-term bullish trend. Main Resistance: • 44,040.00: Initial resistance area. • 44,369.69: Second resistance level. • 44,902.61: Strong resistance (Fibonacci Extension 61.8%). • 45,762.55: Fibonacci Extension 100% as the main target. ________________________________________ Potential Scenarios Bullish Scenario: • If the price rebounds from the support area between 43,507.08 and 43,329.65, there is potential for a move towards 44,369.69 and 44,902.61. • A breakout above 44,902.61 will push the price towards 45,762.55 (100% Fibonacci Extension target). Bearish Scenario: • If the price falls below 43,329.65, the next critical support areas will be 42,738.60 and 41,697.23. SMA 50: • The 50-period Simple Moving Average (SMA) at 43,509.70 still serves as dynamic support near the current price. ________________________________________ Conclusion • The 100% Fibonacci Extension at 45,762.55 is the main bullish target if the price can rebound from support at 43,507.08 and break through the resistance at 44,902.61. • The support area between 43,507.08 and 43,329.65 remains a crucial level to maintain the bullish momentum. ________________________________________ Bullish Strategy Entry: • Buy in the support area between 43,507.08 and 43,329.65. Target: • Target 1: 44,369.69 • Target 2: 44,902.61 • Target 3: 45,700 (Fibonacci 100%). Stop Loss: • Below 42,738.60 to limit risk. ________________________________________ Bearish Strategy (If Breakdown Support) Trigger Entry: • If the price drops below 43,329.65 (horizontal support) and fails to rebound. Target Profit: • Target 1: 42,738.60 (next support). • Target 2: 41,697.23 (strong last support). Stop Loss: • Place the stop loss above 43,507.08, the former support now turned resistance after the breakdown. • This ensures that risk is controlled if the breakdown fails and the price reverses. ________________________________________ Important Notes • Risk-Reward Ratio: Ensure a minimum risk-reward ratio of 1:2 to maintain a profitable long-term strategy. • Confirmation: Look for a bearish candlestick pattern or high volume during the breakdown to validate the signal.
BLACKBULL:US30Long
by KepoinTrading
US30 Bearish To Bullish Play for the WeekAfter following US30 on the way down through a beautiful 1hr-4hr TL we might finally be getting to our final target 43,550. Will look for a slight move to the upside touching the sell limit which will then propel back down for another bearish move, after reaching 43,550 I expect sideways movement consolidating for a couple days/weeks hopefully giving us a clear view for a bullish set up in the process. I expect a Major move back up potentially creating new highs into 2025. 43,550 is the end of the daily average move and it will meet with a weekly trendline as it hits the weekly support zone. Let’s see if the streak on US30 continues.. May the markets be w us..! P.s only way I would switch my bearish outlook is if we break through 44,150 following a break through 44,300 into full bullish territory
THINKMARKETS:US30
by jcatchinpips
US30 long for this weekAll timeframes point towards US30 going long. Monthly: November's candlestick engulfed October's candlestick. Price has been on a severe uptrend and does not look like it will stop. This month we have seen a minor retracement that indicates price is collecting orders before it continues going up. Weekly: We have seen a three pin pattern before price started retracing which indicates that price will continue to go up. Currently, price is retracing in order to find a major spot for liquidity where it will collect buy orders. The high liquidity region seems to be 43,500 since that is where a lot of buy orders were filled in the past. Daily: Price had a target of 45,600 which was not hit. This indicates that price is retracing to a level that it will collect orders. On the daily, the region with the most buy orders are 43,300. 4 hour: This is the best timeframe to tell where real liquidity lies. As we can see, the most buy orders were filled at 43,400 HENCE, THE HYPOTHESIS FOR THE WEEK, IS TO WAIT FOR PRICE TO GO TO 43,400, WHERE WE WILL LOOK TO BUY
FX:US30Long
by kingmwenja
Overlap resistance ahead?Dow Jones (US30) is rising towards the pivot which has been identified as an overlap resistance and could drop to the 1st support which is a pullback support. Pivot: 43,351.87 1st Support: 41,852.98 1st Resistance: 44,363.95 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:US30Short
by ICmarkets
DOW JONES: Neutral 1D means buy opportunity.Dow Jones is neutral on its 1D technical outlook (RSI = 53.536, MACD = 330.150, ADX = 20.923) as it is on the bearish wave of the 4H Channel Up, towards the 4H MA200, which on November 19th priced the last HL. The 4H RSI got oversold and rebounded today above its MA period, which twice before has been a buy signal. We are going long here, aiming at the 1.382 Fibonacci extension (TP = 45,400). 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:US30Long
by InvestingScope
US30 Possible Bullish ideaUS30 has been on a straight sell for the past 9days and finally is approaching a strong area of Resistance turned support and an ascending trendline on the higher TF. Seeing it has two ascending trendlines we will objectively look at it. If market respects the ascending trendline and the area of support turned resistance, we will execute a buy but if it breaks that level, we will continue a sell to the second trendline and area of resistance turned support. Remember, objectivity is the rule of the game. The market lads, we follow.
EIGHTCAP:US30
by KAYCEEFX1
4-hr US30: Can We See a 2000 points Christmas Rally Following the US elections, the Dow Jones surged by an impressive 3300 points in a massive bull rally, generating significant returns. However, a correction is underway as early buyers begin to take profits. We anticipate the US30 could dip another 250 points to retest the critical 50% Fibonacci level. This expectation is supported by the emergence of a Death Cross, a classic bearish signal, indicating strong downward momentum. If the 43,300 zone holds as support, there’s potential for a 2000-point Christmas rally. Buyers looking to capitalize on the broader uptrend might need to exercise patience, waiting for lower entry points to achieve a more favorable risk-to-reward ratio. This pullback could present an opportunity for strategic positioning in anticipation of the next rally.
CAPITALCOM:US30Long
by Trendsharks
US30 Will Go Lower! Sell! Here is our detailed technical review for US30. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 43,616.98. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 43,408.72 level. 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. Like and subscribe and comment my ideas if you enjoy them!
EIGHTCAP:US30Short
by SignalProvider
1
US30 Potential ShortKey Observations: Fibonacci Retracement Levels: The chart shows a retracement of the prior downward move, and the price is currently reacting near the 0.382 Fibonacci level at 43,828.18. The retracement failed to break through the 50% level (44,062.83), indicating weak bullish momentum and reinforcing the overall bearish bias. Further rejection below the 0.382 level could signal continuation to the 0.236 level (43,533.57). Price Action & Support/Resistance: Price is consolidating just above 43,770 and appears to be testing the lower levels. A breakdown from this support could send price to test 43,537.19, which is aligned with previous structure and the 0.236 Fibonacci level. If price breaks 43,828 and finds support, a pushback toward 44,062 (50% retracement) could occur. Bollinger Bands: Price is currently trading near the lower Bollinger Band, suggesting potential short-term oversold conditions. However, Bollinger Bands are widening, signaling increased volatility and a continuation of the current trend. Relative Strength Index (RSI): RSI is hovering below 40, indicating bearish momentum but not yet oversold. Any further decline below 30 would suggest strong bearish continuation. A minor divergence may form if price creates lower lows but RSI fails to follow, which could hint at a reversal. MACD (Moving Average Convergence Divergence): The MACD histogram remains below the zero line, confirming bearish momentum. The signal line is trending downward, but a smaller histogram bar suggests bearish momentum might be slowing. Key Levels to Watch: Support Levels: 43,770 (Current support area). 43,533.57 (0.236 Fibonacci retracement, next major support). Resistance Levels: 43,828.18 (0.382 Fibonacci retracement, immediate resistance). 44,062.83 (50% Fibonacci retracement, critical short-term resistance). Potential Scenarios: Bearish Continuation (Primary Bias): If price breaks below 43,770 with strong momentum, the next target would be the 0.236 level at 43,533.57. Indicators like the MACD and RSI support bearish continuation unless a divergence forms. Relief Bounce (Secondary Scenario): A bounce from 43,770 or the 0.382 Fibonacci level could see price retracing back to 44,062.83. Traders should watch for bullish confirmation like RSI climbing above 40 and MACD showing convergence. Recommendation: Short Sellers: Monitor for a breakdown below 43,770 and target 43,533.57. Use stop-loss around 43,900 to limit risk. Long Traders: Wait for a bullish confirmation (RSI divergence, MACD crossover, or a strong bullish candle) near support levels. This setup favors a bearish continuation with the potential for short-term relief bounces. Managing risk and waiting for confirmation signals is key and do not risk more than 1% of your account!
EIGHTCAP:US30Short
by Nozuk
US30 POSSIBLE BUY The market is currently testing the current Weekly 0.78 Fib area. Based on 4HR TF, the market seems to be forming a possible reversal pattern. We could see BUYERS coming in strong should the current level hold. Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
TRADENATION:US30Long
by WiLLProsperForex
US30 /Bearish Momentum and Key Levels Ahead of FED Rate DecisionTechnical Analysis The price has dropped about 700 points, as we mentioned previously, and remains under bearish momentum after breaking the bearish correction and trading below 43760. As long as the price trades below 43760 and 43900, it is likely to drop further to touch 43350. However, it is also possible for the price to retest 43760 before continuing to drop. On the other hand, the FED Rate Decision tomorrow will impact the indices. A rate decrease of 25 bps is expected, which could influence the bullish momentum depending on the market's reaction to the rate change. Key Levels: Pivot Point: 43580 Resistance Levels: 43765, 43900, 44070 Support Levels: 43350, 43210, 42900 Trend Outlook: Bearish Momentum Previous idea:
OANDA:US30USDShort
by SroshMayi