US30/DOW - LONG OPPORTUNITYTeam, the DOW is about to breakout, good entry
PREPARE TO ENTER LONG US30/DOW at 43610-15
STOP LOSS AT 45555
TARGET 1 AT 43667-75 - take partial and bring stop loss to BE
TARGET 2 AT 43736-52
TARGET 3 AT 43825
DJI trade ideas
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:
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.
Bullish momentum to extend?Dow Jones (US30) is falling towards the pivot which acts as an overlap support and could bounce to the 1st resistance.
Pivot: 43,318.65
1st Support: 42,643.34
1st Resistance: 44,526.39
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.
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.
US30 Short_ Buy Hello Traders and investor
US30 can Buy to 45,000.00
It's support will be 42,9000.00
Current price 43,000,00
It's 1st target will be 44,000,00 I have placed the remaining targets in detail in the chart
US30 Still Bearish and will likely fall to 43300US30 failed to stay above the 43800 support Line causing price to be stalled between 43800 resistance area and 43500 support area. This is a very week support area and price will likely gravitate to the 43500 line by tomorrow so an intraday short is an idea to consider. Price is nicely falling within the trend channel and shows no immediate or on coming sign of recovering.
Short- Look to take a short to 43500 TP1 or 43300 TP2
Good Trading.
US30 in consolidation patter but will likely fall someUS30 is showing resilliance at support level 43700 with the entire day hovering on or around that support line. Price is currently within the trend line channel and and therefore would have to consolidate above that support area in order to maintain its levels. If price within the next 8 hours does not recover above the current support line it will likely fall some more. The next support level is at 43500. Look to short the US30 from a retest of the current support line to at least 43500. Make sure to set your TPs properly because it will be a fast fall to a rebound when it does.
Follow me for more insights. Comment below for questions.
US30We can attempt to buy US30 from specified level as it make HL , also 0.618 FIB level intact indicate that it moves upward.
SL , TP mention in chart.
US 30 Double bottomUS 30 has made a double bottom. A long position can be considered on the breakout.
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!
Us30Trading off the golden zone of 50% fib level , targeting buy side liquidity as first target which is the last recent high . We will monitor and see how it goes
Us30Trading off the golden zone of 50% fib level , targeting buy side liquidity as first target which is the last recent high . We will monitor and see how it goes
US30 Currently in consolidation. Bullish or Bearish Next? US30 has been consolidating since last night with no indication if it wants to go up or down. Price is currently sitting around the trend line and may break the trend line indicating it wants to rise but be mindful of the market makers and their desire to liquidate your funds. Wait for a clear entry point for a bullish move above the support at 44,000 or a clears short entry at 43777. Wait for a retest. If you take a trade now you me be in a consolidation mode for some time. Be patient and wait for a retest of the two zones mentioned.
Comment and let me know your thoughts.
US30 TODAYUS30 TODAY for me is very potential to move very big move DOWN
Look on Daily there is very strong bearish structure
On H4 and H1 i see first something to continiue
US30 SellSelling due to my strategy NYSE will open at 2:30PM GMT hopefully we get a lovely push down
100R Dow JonesExpecting a move up to the all time highs if we get a close above this range here.
A close above this range increases the likelihood of a successful break of that trendline.
Possibility of uptrend It is expected that a trend change will take place within the support area and the support trend line and we will witness the start of an upward trend.
update last week's ideasThis Analysis Can Change At Anytime Without Notice And It Is Only For educational Purpose to Traders To Make Independent Investments Decisions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView
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
US30 H4 | Potential Bullish Bounce ?Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 43,502.40, which is a pullback support close to the 78.6% Fibo retracement.
Our take profit will be at 43,502.40, a pullback resistance.
The stop loss will be placed at 42,720.14, which is a pullback support level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
