Bullish continuation?Dow Jones (US30) has bounced off the pivot and could rise to the 1st resistance which lines up with the 145% Fibonacci extension.
Pivot: 40,653.80
1st Support: 39,774.46
1st Resistance: 42,181.26
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US30FU trade ideas
Bullish momentum to extend?Dow Jones (US30) has bounced off the pivot which is an overlap support and could bounce to the 1st resistance that aligns with the 145% Fibonacci extension.
Pivot: 40,653.80
1st Support: 39,774.46
1st Resistance: 42,181.26
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.
US30 Sell Setup before the BIG MOVE TO THE MOON" US30 has been moonwalking higher like it’s got a VIP pass—thanks to those cozy deals between the US and EU. The bulls are charging like they’ve had one too many energy drinks, and honestly, it’s getting a little too enthusiastic up here.
So, I’m eyeing a sneaky short sale for a quick snack of profit before the long-term feast. But I won’t just dive in like a reckless lemming—oh no, I’ll wait for my trusty confirmations to wave their little green (or red?) flags first.
As for the long game? Once my short-sell shenanigans hit those sweet support levels (and hopefully bounce like a trampoline), I’ll switch teams and ride the buy train. Because why pick a side when you can profit from both?"
Hope that brings a smile while keeping your trading strategy sharp! 😆📈
Potential bearish drop?Dow Jones (US30) is reacting off the pivot and could drop to the 1st support that aligns with the 61.8% Fibonacci retracement.
Pivot: 42,479.50
1st Support: 41,294.20
1st Resistance: 43,190.10
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.
DOW JONES History shows that we're now targeting 68000.Dow Jones (DJI) recovered its 1W MA50 (blue trend-line), sending a clear technical message that the 'Trade War' correction is over and the long-term bullish trend has been resumed.
The bottom of that correction was on the 1W MA200 (orange trend-line), which has been the absolute long-term Support trend-line for the index, having broken by a large extent only during the March 2020 COVID crash.
That was also a bottom for Dow's Bullish Megaphone pattern. The last time that the index handed a 1W MA200 bottom while trading within a Bullish Megaphone was on February 08 2016. On both bottoms, the 1W RSI hit the 30.00 oversold barrier.
In 2016 that bottom rebound initiated a (blue) Channel Up that lasted for almost 2 years and peaked on the 3.0 Fibonacci extension level. If Dow continues to replicate that pattern, we are looking at a 68000 Target (Fib 3.0 ext) by mid-2027.
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US30 (Dow Jones) – 14 May 2025 Updat📊 US30 (Dow Jones) – 14 May 2025 Update 🚨
Price action is consolidating just below 42,200, forming a tight bullish flag/pennant structure after a clean breakout run. The trend remains firmly bullish, with EMAs aligned and curling up 📈.
🔎 Quick Breakdown:
📍 Current Price: 42,185
⏸ Consolidation Zone: 42,000–42,250
🧠 Market is resting after a strong move — textbook bullish continuation setup
🔥 What to Watch:
Break and hold above 42,250 → 🚀 Expansion move possible toward 42,600–42,800
Failure + close below 42,000 → ⚠️ Minor retrace to 41,700 support (EMA catch zone)
Volume is thinning out — breakout may come soon. Stay sharp. 👀
🧠 Mindset Tip:
Markets move in impulse → correction → impulse. This pause is normal.
✅ Wait for confirmation
❌ Don’t chase inside chop
Is everyone missing the leading diagonal Ive seen conflicting Elliot Wave Counts with both Bullish counts suggesting a new ATH is at hand as the decline is only a 3 wave decline and not five and bearish counts suggesting this is only a bear market rally since the Trump Tariff Tantrums.
However if we look at the decline as either a leading diagonal in a primary 4th Wave of an overall bull market or a leading diagonal which often occurs in reversal of trend from Bull to bear or vice versa.
What is not commonly recognized is that the C wave in these structures is often pronounced and extended.
If this count is correct the Dow has about 1000 points of upside before a very sharp decline in an E wave that will probably throw-over the lower trendline and find support in the 35000 area for a significant Wave 2 or B wave rally.
The typical characteristics of the e wave are sharp and deep.
US30: Bullish Breakout on the Horizon – Next Target 44,000? US30: Bullish Breakout on the Horizon – Next Target 44,000?
Since our last analysis, US30 has climbed +2.7%, rising from 39,300 to 40,400.
The price is nearing a breakout from a large bullish triangle, which could trigger an even bigger upward move.
After hitting a low of 36,500 on April 7, US30 has been steadily rising, forming a strong triangle pattern. A breakout could start a powerful wave toward 44,000.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Previous analysis:
DOW JONES: Breached the 1D MA200. Tariff War 2018 Recovery aheadDow Jones is on excellent bullish levels on its 1D technical outlook (RSI = 62.103, MACD = 203.720, ADX = 34.693) and as it crossed today above the 1D MA200 for the first time since April 2nd, and practically validates the recovery from the Tariff War correction, it draws strong comparisons with the last U.S.-China Tariff War in 2018. Both rebounded after highly oversold 1D RSI levels, and the 2019 recovery almost hit the 0.9 Fibonacci level before turning into a less aggressive recovery. The trade is long, TP = 44,100.
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US30 - At Resistance? Holds or not??#US30 #DOWJONES - market just reached near to his current resistance region.
And if market hold it in that case we can expect a drop from here.
So don't be lazy here and only short below that.
Note: we will go for cut n reverse above region on confirmation.
Good luck
Trade wisely
DOW JONES Can this Channel Up hold after the Fed Rate Decision?Dow Jones (DJIA) has been trading within a Channel Up since the April 24 Low and yesterday's correction (technically its Bearish Leg) stopped on the 4H MA50 (blue trend-line). Having formed already a Golden Cross, as long as this 4H MA50 holds, it should technically fuel the pattern's new Bullish Leg.
The 'weakest' Bullish Leg within this Channel Up has been +3.58%, so we expect a minimum repeat of that, giving a Target at 42100 on the short-term. This falls perfectly at the bottom of the 5 week Resistance Zone.
If this Channel Up doesn't get invalidated after today's Fed Rate Decision, it will most likely push the price there.
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Wedge at the Edge – Will the Dow Drop from Here?Price is approaching a key supply zone between 41,800 and 42,400, where previous strong selling occurred. A rising wedge pattern is forming, suggesting a potential bearish reversal. If price fails to break above the supply zone and closes below the wedge, a breakdown could lead to a bearish move targeting the demand zone around 39,000–39,300.
Bearish Bias: Watching for rejection and breakdown confirmation for a short setup.
Key Levels:
Supply zone: 41,800 – 42,400
Demand zone: 39,000 – 39,300
Support to watch: 40,600
DJI – Ready for the Final ActAfter the breakdown below the last support on March 11th, the price pulled back and formed P2.
A frightening drop followed, reaching P3, then a sharp V-shaped recovery up to point (4)—just a few points shy of the Center Line.
If P2 doesn’t get taken out, things could turn ugly again. Because in that case, my new target lies below the white Lower Median Line Parallel, at P5.
Nothing is certain—never has been. But these days, *everything* feels off balance.
The moves are insane. Governments trading ahead of the news, making hundreds of millions at the expense of ordinary people. It’s like reality has left the building.
Tiny positions. Tight stops. Very high risk-reward ratios. And absolutely zero FOMO.
That’s how these markets must be traded.
Anything else, and we’re bound to get wrecked.
\#backfromcontemplation
Correction and a push up US30 has been gradually climbing but this growth may have to correct a bit before continuing up. After reaching the 41,800 gap, the indice rose a bit, but may have ran out of steam to further go up. The nearest support will be the likely area where the indice may find buying pressure, if price action remains above the support barriers.
Trade Idea: US30 Short ( SELL STOP )Technical Analysis Overview:
1. Daily Chart:
• Price has retraced sharply into resistance (near 41,300–41,400), rejecting the 200-day EMA zone.
• MACD still negative but turning up—suggests potential for a failed bounce.
• RSI at 55.33—approaching overbought in a corrective move, ripe for reversal.
2. 15-Min Chart:
• Bearish divergence forming on RSI with lower highs.
• MACD is turning down with momentum fading after a recent high around 41,665.
• Price has broken short-term moving average support, with momentum shifting down.
3. 3-Min Chart:
• Clear bearish structure with lower highs and lower lows.
• MACD and RSI confirm short-term weakness.
• Price hovering near local support (around 41,302), if broken, would confirm further downside.
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Fundamental Context (Macro):
• FOMC & NFP results (recent) suggest continued uncertainty in interest rate direction.
• US manufacturing and employment data have shown mixed signals—equities vulnerable to downside corrections amid macro volatility.
• Seasonally, May is often a pullback month (“Sell in May”).
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TRADE IDEA – SHORT US30
• Entry: 41,295 (current price at resistance zone)
• Stop-Loss (SL): 41,670 (above recent intraday high and 15-min resistance)
• Take-Profit (TP): 40,500 (prior support zone on 15-min chart)
FUSIONMARKETS:US30