DJ30 trade ideas
Long US30Long to POC 1 or 2
Exit if Renko prints opposite direction
Enter if Renko prints long position again
Potential downward moveUS30 has been bullish since selling to 36,500 and later retested the lower bound but settled at 37,800. Upon settling above these figures, the indice has been gradually growing, intending to touch the established highs at 42,800 and further up at 45,000. If the price action manages to stabilise above 42,800, the bullish move will still continue until the top.
However, if price fails to settle above 42,800, a bearish correction may be likely, in search of a support structure that will initiate a bullish rise again.
Double bottomDivergency double bottom on the Dow. It's a intriguing one as its the only index giving us the buy signal. One should always follow the strategy, even if you don't believe its going to workout, as there's a great deal of randomness in this business.
US30 BULLISH BIAS RIGHT NOW| LONG
US30 SIGNAL
Trade Direction: long
Entry Level: 41,822.1
Target Level: 42,718.6
Stop Loss: 41,224.4
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 9h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅LIKE AND COMMENT MY IDEAS✅
The Dow Jones Begins to Stabilize Around 42,500 PointsThe U.S. index has halted the advance of its recent bullish moves near this resistance zone, mainly because the market is awaiting the release of the Federal Reserve minutes later today, along with Nvidia’s earnings report, expected after the stock market close. For now, investor anticipation has created a neutral sentiment in the index's recent movements as it approaches the 42,500-point resistance, and these upcoming events are likely to provide deeper insight into the market’s direction in the coming sessions.
Possible Bullish Channel
Since early April, the Dow Jones has shown consistent buying movements, attempting to maintain a potential bullish channel. So far, there have been no signs of significant bearish corrections in the price, which suggests that the current bullish pattern remains the dominant structure to monitor in the short term. However, a strong selling correction could put this trend at risk.
Neutrality Intensifies:
MACD: The MACD histogram continues to hover around the zero line, reflecting a sustained equilibrium in the momentum of the moving averages. This highlights a lack of clear direction in the market over the short term.
ADX: The ADX line remains below the 20 level, indicating that volatility is low, a condition not seen since February of this year.
Both indicators point to persistent neutrality, likely driven by market indecision ahead of key fundamental events, as well as the technical resistance zone, which is currently limiting price advances.
Key Levels to Watch:
42,500 points: Current resistance level aligned with the 200-period moving average. It may act as a potential point for bearish corrections.
43,800 points: A distant resistance level not seen since February. If the price rallies to this level, it could reinforce the current bullish formation and strengthen the prevailing upward channel.
41,100 points: A key support aligned with the 50-period moving average. A drop near this level could jeopardize the bullish formation and potentially shift momentum toward a bearish bias.
Written by Julian Pineda, CFA – Market Analyst
DowJones INTRADAY corrective pulback supported at 41470Key Support and Resistance Levels
Resistance Level 1: 42920
Resistance Level 2: 43300
Resistance Level 3: 43620
Support Level 1: 41470
Support Level 2: 41160
Support Level 3: 40890
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 - 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
Us30 sellKey Elements:
Price: 41,579.16 (at the time of the screenshot), showing a drop of -343.51 points (-0.82%).
Zones:
Weekly FVG (Fair Value Gap): Around 42,750–43,000.
Daily FVG: Around 42,100.
Daily High/Low: Marked around 42,095.82 (high) and 41,147.61 (low).
Market Structure:
CHoCH (Change of Character): Several CHoCHs marked, indicating shifts in market sentiment and structure.
BOS (Break of Structure): Indicates previous bullish momentum was broken.
---
Prediction Path (Orange Arrow):
Suggests a possible retracement upward into the Daily FVG zone (~42,000+), then a reversal downward, breaking the Daily Low (~41,147).
Final target seems to be near 40,500 or lower, with another CHoCH noted at that level—implying further bearish continuation potential.
---
Interpretation:
The chart suggests a bearish bias:
Retracement to fill the Daily FVG.
Then continuation downward, breaking key structural levels.
uptrendIt is expected that the downward trend will end within the current support range and we will see the beginning of the upward trend. If the support range is broken, a continuation of the downward trend to the next support levels is possible.
US30 Scalp Idea ...Market didn't give us Confirmation but market take the LQ not the very high probable trade but worth to take the little risk,
Support and resistance bosAfter support or resistance the market will sweep liquidity and create the first bos .the market will return to the bos with immediate effect to push the price up or down
USA30 updateHi traders as you can see we counter the pull back and I believe you took advantage of it but if you are scared I suggest you use tight stop loss and it's still valid to enter,risk smart thank you
US30 potential long setupsMulti-Timeframe Market Analysis — Bullish Continuation Potential
3-Month Timeframe
• October 2023: Price broke all-time highs.
• Bullish order block established at $37,250; price rallied to $45,000.
• Strong retracement followed to the $39,000 region—bullish orders filled.
• Current trend: Structure remains bullish with institutional support evident.
Monthly Timeframe
• Post-ATH liquidity collected at $41,750; retested in January with insufficient momentum.
• Price returned to $45,000 before retracing to $38,000.
• Strong bullish response from $38,000 leading into April and May.
• Price now trades above $41,750. A monthly close above this level signals further upside.
• Watch for a three-pin pattern—if confirmed, high probability of a break above previous monthly highs.
• Next target: $45,000 liquidity zone.
Weekly Timeframe
• Double bottom formation aligned with higher timeframes.
• Bullish accumulation at $41,250 drove price to $42,000, followed by a close above that level.
• Immediate resistance at $44,000, where previous bearish orders were concentrated.
• Last week ended with a bearish candle; this week opened with strong bullish momentum from $41,250.
• This timeframe supports a bullish bias, contingent on follow-through above key levels.
Daily Timeframe
• Bullish structure in alignment with monthly and weekly.
• Strong order flow noted at $41,250, enabling a break and close above $42,000.
• Next daily target: $42,800; key resistance: $42,881.
• Anticipate a possible retracement to $42,000 for further accumulation before continuation higher.
4H Timeframe
• Intraday price action highlights Friday’s retracement to $41,250 during NY session—bullish orders filled.
• Monday opened bullish; momentum slowed at $42,000 with brief retracement.
• Tuesday's NY session: 3-pin bullish pattern at $42,000, followed by a bullish close.
• Current price movement appears to be a retracement for more long orders.
• No actionable setup at the moment; monitoring for a clean 4H close above $42,350.
1H Timeframe
• Price encountered resistance at $42,350, a known liquidity region.
• Break and close above $42,300–$42,350 range confirms short-term bullish pressure.
• Awaiting next 4H candle to assess validity of long setup.
• Maintaining a neutral stance short-term; prepared to act on bullish confirmation.
________________________________________
Conclusion:
Very mindful of FOMC meeting minutes today and I am waiting to see what price action will occur after. Market structure across all major timeframes remains bullish. Pending a monthly close above $41,750 and a potential three-pin formation, the technical outlook favors continued upside. Patience remains key—await confirmation for optimal long entries.
US30 May 21 If athletes get athlete's foot, what do elves get? Mistle-toes.
Now let's get to it. Before heading into the trade, I am definitely bullish. Price seems to be making a retracement before it pushes back up. I have given myself 3 potential entry points. But I am only going to enter them if:
Price makes market structure
Price breaks and retests through a key level/ entry point
If it bounces off of the trend line
Or a break of structure
And all of this, for me has to happen around 12pm est because I like to trade the afternoon session. But like a stallion price is going to do whatever it wants.
Stay safe and be patient
US30 - Potential Sell (Day Trading)Hi Traders,
We might be in a short term SELL on $CMCMARKETS:US30.
Price Action Analysis:
4hr Chart: Price is now in sellers' territory and has approached this level with noticeable struggle. This hesitation makes me wonder if buyers are losing interest and if a potential discount (sell-off) is on the way.
1hr chart: Price still looking bullish. In order to see if the price will fall we will need to monitor it
Lower timeframe: Timing for entry
Good Luck!
STUDY, STUDY, STUDY. Lorenzo Tarati :)
Dow in relief until MayYesterday's historic bounce reacted a little to perfectly to the monthly trend-line pictured. Whether coincidence or not, this break in momentum will likely provide an interim bottom to the downtrend and give us a few weeks of reprieve before continuing with the bear market. $37,000 the level to watch.
My outlook is generally still flat although it is useful to remember that the biggest pumps happen during a bear cycle. We also have a full blown trade war on our hands so keep risk tight and trade with caution.
Crab vs Order BlocksThe Dow Jones Crab 🦀 finds itself caught in the web of order blocks, navigating a treacherous sea of buyers and sellers.
The golden level of the crab has crept dangerously close to the sellers' order block territory, and all eyes are on the impending tumble.
It seems the crab might just scuttle its way down to the buyers' order block nestled at the very bottom, right by its own clawed feet.
Hold tight, folks—this crustacean's market dance is about to get interesting!
US TARGETING 40200 THEN WAITING TO BUY Fibonacci retracements are simply tools to spot high‐probability pullback zones. You draw them from swing A→B, watch for price to respect the 38–62% band, then join the trend with stops just beyond the next deeper level. Extensions beyond 100% become logical profit targets.
US30Dow Jones
- Demand Zone
- Rising Wedge as an corrective pattern in Short Time Frame
- Break of Structure
- RSI - Divergence
- Fibonacci Level - 161.80%
DOW - H&S is getting progressed. 📉 DOW JONES – Head & Shoulders Pattern Formation (Right Shoulder in Progress)
The chart illustrates a clear Head & Shoulders (H&S) pattern, a classic bearish reversal signal, forming on the higher timeframe.
🧠 Pattern Breakdown:
Left Shoulder: Formed in early March.
Head: Sharp dip and recovery formed during early April.
Right Shoulder: Currently in the making, aligning with a weekly resistance near 42,880 levels.
Price is expected to reject this resistance and complete the right shoulder.
📌 Technical View:
Strong rejection expected near the weekly horizontal resistance.
If the right shoulder completes and breaks below the neckline (around 41,500–41,600), it may trigger a measured fall.
Fibonacci levels also align, with the 0.382 and 0.5 retracement acting as potential reaction zones.
🎯 Target:
Target: 40,900 levels (Right Shoulder support zone).
This is a confluence zone where buyers may reappear.
Also forms a neckline test, critical for breakout confirmation or reversal.
🔔 Trade Setup Insight:
Short bias activated near 42,880 resistance zone.
Watch for confirmation via bearish engulfing candles or lower time frame breakdowns.
Targeting 40,900 initially. Further downside possible if neckline breaks decisively.
⚠️ Disclaimer:
This analysis is for educational purposes only and does not constitute investment advice or a recommendation. All trading involves risk. Please perform your own due diligence or consult a certified financial advisor before making trading decisions.
DOW JONES new Bull Cycle has started.Dow Jones / US30 has now crossed above its 1week MA50 and has restored the long term bullish trend.
That trend was in risk of getting invalidated but last month's rebound at the bottom of the long term Channel Up and holding Support A, kickstarted the new Bull Cycle.
Every Support A rebound inside this Channel Up technically started a new Bull Cycle.
The less aggressive of those was +57.76%.
This is where long term investors buy and target 57700.
Previous chart:
Follow us, like the idea and leave a comment below!!
Nasdaq Anticipating bearish momentum, we just had multi-touch identification pattern , 1,2,3 touches on the resisting trendline . Anticipating a bearish move
