
Dow Jones Industrial Average Index forum
๏ปฟ
US30 Daily Trading Analysis โ Key Levels & Trade SetupsApril 18, 2025
|DCMP (Daily Current Market Price): 39,210
๐ฏ Key Levels
Above DCMP (Resistance)
๐ 40,896 (Immediate Resistance)
๐ 41,941 (Strong Resistance)
๐ 43,633 (Major Resistance)
Below DCMP (Support)
๐ 39,204 (Critical Support)
๐ 37,512 (Intermediate Support)
๐ 36,467 (Long-Term Support)
Swing Levels
โ๏ธ Swing High: 44,045 (11 Nov 2024)
โ๏ธ Swing Low: 41,400 (4 Nov 2024)
๐ Technical Analysis
Fibonacci Retracement: Price consolidates between 38.2% (39,204) and 61.8% (40,896) levels.
RSI Divergence: Bearish divergence detected on 4H chart near resistance.
MACD: Histogram flips negative at 40,896, signaling weakening momentum
๐ก Trade Setups
๐ Intraday Buy Idea
Entry: 39,204 ๐ข
Stop Loss: 37,512 ๐ด
Take Profit 1: 40,263 ๐ข
Take Profit 2: 40,896 ๐ข
๐ Intraday Sell Idea
Entry: 40,896 ๐ด
Stop Loss: 41,941 ๐ด
Take Profit 1: 39,833 ๐ข
Take Profit 2: 39,204 ๐ข
๐ Risk Management Tip
Tighten stops if price breaches 38.2% Fib (39,204) for buys or 61.8% Fib (40,896) for sells.
๐ Conclusion
The US30 remains range-bound between 39,204 and 40,896. Focus on counter-trend trades at these boundaries with strict stop-loss orders. Monitor 4H closing prices for breakout confirmation.
why is US30 closed today
*MSS happen in lower frame
*Here's my setup

The upper wicks of the last three candles created a Bearish Pressure Zone for the market to drop. You can ride this for as far as the bears will go.
Take Profits to the Downside:
38,999 - Low of Inside Day for a Breakout on the Hourly
38,935 - Major Pivot Low that is a Support Area to Break on the 4-Hour
38,400 - Low of Inside Day for a Breakout on the Daily

A Two Bar Reversal could be forming, so the breakout is likely to be at the Inside Day's low (at 38,999). If this is a true breakout, and not a false one, the bears can drop even further down.

Everything is going to be a fakeout with this vol, not enough fresh orders to break levels and push through the pending orders at the edges of the range ๐ง
So we absorb buy stops equal to more than the fresh shorts coming in during this session. There is another short entry resting in the high above this bearish drop candle ๐ฏ If we close above this drop candle, the middle of it's body will hold a long opportunity.

When felon trump was able to move the needles back and forth, things were uncertain because we were knew of his market manipulation tactics. Sadly, now China has the power to swing the market, but we know it's more stable than a baby throwing a tantrum... Even though it's stably declining due to felon's actions causing retaliation from the world.
IXIC
DJI
SPX
SPY
NVDA