US30 Weekly: Support Under Threat - Prepare for More Downside?US30 Weekly Analysis - Potential Trading Setup
Technical Outlook — 21 April 2025
Current Market Condition:
US30 on the weekly timeframe is trading within a long-term ascending channel. Price recently experienced a sharp correction, breaking below the middle of the channel and is now testing a key support zone.
Potential Trading Setup:
Potential Reversal/Long Setup (Primary Scenario):
Entry: Look for strong bullish reversal signals within the current support zone (around 37,500 - 38,500). This could include bullish candlestick patterns on the weekly or daily timeframe, coupled with the Stochastic indicator showing a bullish divergence or crossing up from oversold territory.
Stop Loss: Place a stop loss below the low of the reversal signal or below the lower boundary of the support zone (below 37,500).
Take Profit Targets:
TP1: The middle of the ascending channel (around 40,500 - 41,000).
TP2: The upper trendline of the ascending channel (currently around 44,000 - 45,000, and rising over time).
Bearish Continuation Setup (Secondary Scenario):
Entry: If bullish reversal signals fail to materialize and the price breaks decisively below the current support zone (below 37,500), look for short entry opportunities. The Stochastic indicator confirming downward momentum would add confluence to this setup.
Stop Loss: Place a stop loss above the high of the breakdown candle or above the broken support zone.
Take Profit Targets:
TP1: The next significant support level around 34,000 - 35,000.
TP2: The lower boundary of the ascending channel (currently around 32,000 - 33,000, and rising over time).
Important Considerations:
Weekly Timeframe Significance: Trading setups on the weekly chart require patience and can take time to play out.
Confirmation is Crucial: Wait for clear confirmation signals, including price action and signals from the Stochastic indicator, before entering any trades.
Channel Dynamics: The ascending channel trendlines are dynamic and will change over time.
Risk Management: Employ appropriate position sizing and always use stop-loss orders.
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Disclaimer: This content is intended for educational purposes only and does not constitute financial advice.
US30 trade ideas
Dow JonesDow Jones
MTF Analysis
Dow JonesYearly Demand 36,970.0
Dow Jones 6 Month Demand DMIP 35,008.0
Dow Jones Qtrly Demand 37,786.0
Dow JonesMonthly Demand BUFL 38,581.0
Dow JonesWeekly Demand Resistance now support 36,970.0
Dow Jones Daily DMIP 37,390.0
ENTRY -1 Long 37,390.0
SL 37,128.0
RISK 262.0
Target as per Entry 45,307.0
RR 30.2
US30 Outlook on 4H TF - LONG US30 - Bullish Wave 5 Push to 42,000 📈
We're still in a Wave 4 correction on the daily, but price just retested Wave 4 lows at 38,900 area and held (for now). Now forming a double bottom on the 4H, and Wave 1 is starting on the 1H.
Looking for a Wave 5 push up toward 42,000 before a major selloff.
Key Levels:
🔹 Support: 38,970
🔹 TP Zones: 40,000 → 41,000 → 42,000
🔻 Short Bias kicks in after Wave 5 completes (Target: 38,100-38,200)
Plan: Buy dips while above 38,900, scale out near 42K, watch for reversal confirmation.
Drop followed followed by long.Dow Jones is currently attempting to continue its bullish resurgence, but has failed to do so by failing to stabilise above 40,883. As long as price action is under the 40k mark, the points may likely retest the previous support barriers, situated between 39,500 and 38,750, as likely bullish catalysts for a long opportunity. However, by failing to go down, breaking, and stabilising above 40,883, the price may continue going up, targeting 42,600 and 42,000.
DOW/US30 - what the expectation from the marketTeam, last week we kill the market
I have prepare for the next week strategy
We currently have some small volume position long at this stage
and will add more if the market down to next level,
However, we expect some recovery at this stage.
Strategy:
TARGET 1 - 39266-39335
TARGET 2 - 39375-39467
TARGET 3 at 39600-39929
TARGET 4 at 40.400-41400 - run with mini volume and hold.
DOW/US30Team, time to go long DOW/US30
yesterday the market disappointed on the FED decision,
i just cant believe the FED compare the inflation in 2020-2021 that is where the COVID and lock down. And compare to 2024. he should have cut the interest rate to ease the market.
Given the fact the market is dropping 1000 points, i expect we should have some recover at least 200-300 points medium
Target 1 at 39225
Target 2 at 39335-39420
Target 3 at 39560-39670
We should see the market pump in 2-3 hour time frame or recover.
Dow Jones Wave Analysis – 17 April 2025
- Dow Jones reversed from the resistance zone
- Likely to fall to support level 38500.00
Dow Jones index recently reversed down from the resistance zone between the resistance level 40815,00 (former strong support from the start of March), 20-day moving average and the 61.8% Fibonacci correction of the downward impulse from last month.
The downward reversal from this resistance zone stopped the previous minor correction (iv) from the start of April.
Given the clear daily downtrend, Dow Jones index can be expected to fall to the next support level 38500.00.
The Federal Reserve continues to tackle inflation🧠 Fundamental Analysis:
The Dow Jones (US30) experienced significant volatility in Q1 2025, with a slight decline due to economic challenges.
Major companies like Coca-Cola and Goldman Sachs are expected to report Q1 earnings this week, and these reports could have a big impact on the index’s movement.
The Federal Reserve continues to tackle inflation, which supports expectations for potential rate cuts later in the year, helping to support the markets.
However, high inflation and ongoing geopolitical tensions may put pressure on economic growth.
💬 Sentiment Analysis:
Market sentiment is currently mixed; there are concerns about a possible recession, but the market is also looking forward to potential monetary easing by the Fed.
Despite the economic pressures, there is limited optimism that the markets may see a recovery as Q2 2025 begins.
The market may experience volatility due to increasing concerns about inflation and corporate earnings, but overall, there is sentimental support in anticipation of clearer economic data.
Moustafa! My analysis and view for US 30! on 16.03.2025!- I expected a huge bearish wave would hit the index by end of December and also in January and I sat an idea for it and it was right and that is the new idea
- On the weekly frame, you would notice that the index is in a rising channel
- Formed a double top pattern and even broke the neckline of it and is supposed to go to minimum the Take profit 2 then after the retrace towards the take profit 3
- The index retraced to the upside due to the uptrend line in green and there is a possibility that it could continue the bullish run but I do not expect here that a weekly candle would close above the neckline before reaching to the below TPs
- The lower weekly candles wicks from 15.04.2024 and 05.08.2024 must be filled anyway, which is giving another confirmation to the validation of this idea concept and the continuation of the bearish wave on the weekly chart! we could see on the way some retracements on the daily frame and the lower frames, but that will not have any influence on the bigger bearish image!
- The index had broken already the uptrend line (in red) which was not broken from October 2023! and the last week candle closed under the moving average 50!
- By reaching to the TP3, means that the index would go to the lower line of the rising channel
-- Conclusion is that we are in a bearish market on the weekly chart and the real target is exactly when the index will reach to the line (in yellow)
I sat also another idea for Nasdaq
which I see also there the continuation of the big bearish wave on the weekly chart! so feel free to have a look on too! so all is going in harmony together!
Dow Jones - Value Is The King Of 2025!Dow Jones ( TVC:DJI ) withstands all bearish struggles:
Click chart above to see the detailed analysis👆🏻
All major U.S. indices have been weakening lately but the Dow Jones is clearly the strongest of all. It seems like big institutions are shifting back to value stocks and therefore the Dow Jones remains very strong. Looking at technicals, this trend is rather likely to continue during 2025.
Levels to watch: $40.000, $50.000
Keep your long term vision,
Philip (BasicTrading)
Long US30 chart CMCMARKETS:US30 NDS style analysis : Based on this NDS-style analysis from DR fuzzy logic, we expect that for the completion of our king pattern, from this point f2 after hitting ND, our chart will temporarily become Saudi to hit point 2, then we will fall again to below F3 to create the F3 peak.
Close to the short entry zone.BLACKBULL:US30 Following a potential move above the 41,108 resistance level, we anticipate short-selling opportunities. The initial downside target is identified at 38,406. Should bearish pressure persist, a secondary target lies below 36,470. Upon reaching this key support zone, we will closely monitor price action for signs of a possible bullish reversal and the emergence of new long setups.
Update to Dow Jones Industrials Time At Mode Back in 2015 I had published a chart with annual data for the Dow Jones Industrials. I will provide a link at the bottom.
The research for this patterning is something I did myself by hand using pencil and paper back in the 1980's. These patterns show up in all time frames.
There is plenty of room to enhance the research on this technique and a group of us gather in the chat rooms here at TradingView to discuss new trades that set up and point out when trades expire.
Notice how these two grey boxes (which are both 50% drops in price) that expand wider in time from the 1960's to the 1980's and the 2000-2010's had a multi-year trend, followed by a monster crash (1987 was 40% and 2000 was 37%) and then just two+ years later there was a secondary bear market of 20% in 1990 and 22% in 2022. Keep in mind this is just for the DJ:DJI and not the Nasdaq Composite or S&P500 which were greater corrections.
The 11-year time frame of the 1999-2011 pattern allows for an 11-year rally from 2012 (which was year 1 of the 11-year rally) shows that time expired. As you can see from the 1943-1962 trend, a smaller 5-year mode formed at the end of the 20 year trend and then the market peaked in 1972-1973 when time expired for the second, smaller mode.
I had to reconstruct this chart after the data for the previous chart changed symbol. See the link below to see the original.
I look forward to your additional research onto this pattern and its implications to the idea that we are in a similar period to 1993-1994 with rally years of 1996, 1997, 1998, 1999 and 2000 ahead of us.
All the best,
Tim
October 19, 2024 3:31PM EST