US30 is consolidating at resistance levelsPrice is moving in an ascending price channel on the bigger time intervals
Price is also currently consolidating between our supply and demand areas
Waiting for price to decline again at supply before going short
And a breakout of our current support level can also push price lower towards demand levels.
US30 trade ideas
US30The Dow Jones Industrial Average (DJIA), commonly known as the Dow Jones, is one of the oldest and most recognized stock market indices in the world. It tracks 30 of the largest and most influential publicly traded companies in the United States across various industries, excluding utilities and transportation. The index serves as a key indicator of overall market performance and economic health. Movements in the Dow are influenced by corporate earnings, economic data, Federal Reserve policies, and global events. It is widely followed by investors, traders, and analysts as a measure of U.S. stock market trends.
DOW JONES is completing a Bull Flag to jump to 46700.Dow Jones / US30 is posting a Bull Flag pattern on the 4hour timeframe, currently between the 4hour MA50 and MA200.
The last time we came across this pattern was with the early September Bull Flag.
Both patterns started after a +8.20% rise on the index.
If the new one repeats September's, then we should see an immediate rally to the 1.5 Fibonacci.
Buy and target 46700.
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Bearish pattern in Dow?🔍 Dow Jones (DJI) Technical Analysis – February 13, 2025
📉 Bearish Pattern in Play?
🔹 The price is forming a descending triangle and facing strong resistance at 44,500 - 44,605.
🔹 A break below 44,200 could trigger a drop toward 43,855 - 44,000.
🔹 EMA 21 is bearish, signaling weakness in the uptrend.
🎯 Scenarios:
✅ Break below 44,200: High probability of further downside.
❌ Break above 44,500: This short setup becomes invalid.
📊 Trade Success Probability: 65-70% (Up to 80% if 44,200 breaks)
🚀 What’s your take? Will this level break, or is another bounce coming? 🤔👇
#DowJones #DJI #TechnicalAnalysis #TradingView
Dow (US30) coiling price action after increase in US PPI dataThe Dow (US30) index price action sentiment appears bullish, supported by the longer-term prevailing uptrend. However, since reaching an all-time high on 04th December 2024 the Dow index price action is consolidating in a sideways trading range. Today, Thursday 13th February 2025 the US (PPI) Producer Price Index data was published showing the increase to 3.5% on a yearly basis in January. The annual core PPI rose to 3.6% in the same period, surpassing market forecasts of 3.3%. On a monthly basis, the PPI and the core PPI rose 0.4% and 0.3%, respectively.
The key trading level is at 44206, the current swing low. A corrective pullback from the current levels and a bullish bounce back from the 44206 level could target the upside resistance at 44980 followed by the 45080 and 45200 levels over the longer timeframe.
Alternatively, a confirmed loss of 44206 support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 44000 support level followed by 43740.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
US30: The Short-Term Bearish Trend PersistsUS30: The Short-Term Bearish Trend Persists
Today, I provided another update on US30 after it reached our first target.
The short-term bearish trend remains intact, suggesting that US30 may continue its downward movement.
You may watch the analysis for more details!
Thank you:)
US30: A Bearish OutlookUS30: A Bearish Outlook
On Friday, the US30 index moved down following President Trump's announcement to Republicans that he planned to issue reciprocal tariffs as soon as Friday. After the news, US30 experienced an aggressive decline. Today, the market is in correction mode, and given that President Trump mentioned to reporters on Sunday that more tariffs are coming, the odds are that US30 could move down again.
He stated that he will announce 25% tariffs on all imports of steel and aluminum on Monday or Tuesday. This could push US30 down further, as indicated in the chart.
However, remember that this move is very risky and is closely related to President Trump's speculation.
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❤️
Dow awaits US inflation reportThe Dow (US30) index price action sentiment appears bullish, supported by the longer-term prevailing uptrend. However, since reaching an all-time high on 04th December 2024 the Dow index price action is consolidating in a sideways trading range.
The key trading level is at 44206, which is the current swing low. A corrective pullback from the current levels and a bullish bounce back from the 44206 level could target the upside resistance at 44980 followed by the 44080 and 44200 levels over the longer timeframe.
Alternatively, a confirmed loss of 44206 support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 44000 support level followed by 43740.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
DOW JONES One last drop below the 1D MA50 is possibleDow Jones (DJIA) has found itself in an uncomfortable spot as it's been trading sideways within the 1D MA50 (blue trend-line) and Resistance 1 of the December 2024 High, for the past two weeks.
The 1D RSI has already started trending downwards on a Bearish Divergence while the 1D MACD just completed a Bearish Cross. The times we've seen all those conditions fulfilled within the 2-year Channel Up, are in mid-May 2024 and early May 2023.
On both occasions, the price got rejected on Resistance 1 and pulled back below the 1D MA50 to form a Higher Low. After the 1D MACD formed a Bullish Cross, the price confirmed a technical reversal and targeted the 1.5 Fibonacci extension before the next pull-back.
As a result, you might want to keep a buy order waiting for a sub-MA50 drop and buy once a MACD Bullish Cross is formed to target 46500 (Fib 1.5 ext).
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