DJ30 trade ideas
US30Currently on US30 on the daily timeframe price has just taken out the previous day high which means we will now we heading for those lows and on the 4hour timeframe the 0200hrs candlestick swept the liquidity of the previous day high also turtle souping the previous 4hr candlestick making high of the day, now we will be heading for those lows.
buy position on us30The buy position on the Dow Jones symbol is increased with a personal setup and according to the 30-minute block order
DOW JONES Don't lose sight of the great picture. Still bullish.Last week, while Dow Jones (DJI) was still under its 1D MA50, we called for a major rally, as technically the 5-month Channel Up has just priced its new Higher Low:
The index has now almost reached the Target of the first Bullish Leg of this pattern, pointing to a potential relief next.
On the larger picture however (1M time-frame), we had posted an article named 'Secret Cycles' on April 12 2024 (see chart below), during Dow Jones' previous pull-back that again inflicted fear in the markets, calling for a strong buy:
It is this chart that we revisit and expand up today, as we don't think the long-term trend has changed. We want to maintain a clear long-term perspective and following August's massive recovery 1M candle, we believe that Dow will enter by Q4 2024, the final stage (rally) of its current Cycle.
That has historically been 1 year at least, so as long as the index keeps holding and closing the monthly candles above the 1M MA50 (red trend-line), we will continue buying all monthly dips. Our 48850 long-term Target is intact.
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Resistance is ahead! Can the Dow Jones make a break through?
The index is clearly demonstrating a strong upward trend, consistently achieving higher highs and higher lows.
During this upward movement, it previously established a bullish Pole & Flag pattern, and after breaking out, the index has continued to rise.
At present, the index is trading just beneath its next resistance level.
If the Dow Jones manage to break through and hold above this breakout point, it is likely to initiate a new rally.
Sell US30 now Market is looking to retest price level 40917.64 we setting to correct the previous Fib retracement low for a 🐻 bearish movement...
Traders can set trades for a sell till price target
Equities Climb Ahead of Earnings and Jackson Hole SymposiumEquities Rise as Traders Await This Week's Earnings, Jackson Hole Symposium
Current Outlook:
The trend suggests a potential upward movement as long as the price stays above 40,800. However, consolidation is expected between 41,030 and 40,800 until a breakout occurs.
Bullish Scenario:
Trading above 40800 will likely support a rise towards 41030 and above it will get 41340.
Bearish Scenario:
If the price reverses and stabilizes below the pivot line at 40800, a bearish trend may develop, targeting 40480 and 40320.
Key Levels:
- Pivot Line: 40800
- Resistance Levels: 41030, 41340, 41600
- Support Levels: 40650, 40480, 40320
Today's Expected Trading Range:
The price is anticipated to fluctuate between support at 40800 and resistance at 41130.
Tendency: Upward Movement
US30 Will Go Higher From Support! Buy!
Please, check our technical outlook for US30.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 40,911.45.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 42,000.59 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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Additional rebound in US30 remains possible
US30 is showing a continuous uptrend as expectations for the US economy arise, along with the anticipation that Chairman Powell may provide clues about rate cuts at the Jackson Hole meeting. Goldman Sachs lowered its 12-month recession probability for the US economy from 25% to 20% following the release of July retail sales and jobless claims data.
The current market consensus is that the August employment report will determine future US30 price movements. Morgan Stanley stressed that the report's outcome will be the real test for the market, warning that a report showing weak employment would reignite growth concerns.
US30 quickly breached EMAs and continued its uptrend, rising above the trendline. The index needs an additional price trigger to retest its highs, but the current positive trend is expected to continue for the time being.
If US30 sustains support above the trendline, the index may gain upward momentum toward the 41500 high. Conversely, if US30 is pushed below the trendline and fails to hold above EMAs, the price may break the 39300 support and fall further to the 38000 level.
US30 BUY NOW!!!!!!US30 just broke the rotated rectangle heading a strong buying pressure to create an fvg zone for a retest and good uptrend opportunity to buy side to sweep liquidity to create new highs
My goal target is 42k
Am in on buys.......
Hellena | DJI (4H): Long to resistance area 41000.Dear Colleagues, because the big wave “4” (38549) has completed, now I believe that the price is in wave “5”. This means that the price probably has not yet completed the upward movement. I expect a small correction, then a continuation of the upward movement at least to the 40900-41000 area.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
REMEMBER ALWAYS TREND IS OUR FRIENDWhenever the trend shows, we follow, no prophecies no ultimate predictions
US30 at its reversal?There is strong bullish really in US30 but technically here retracement or reversal expected. A confluence of descending trend line and resistance level could push it down. Sell opportunity may be generated here but at rejection candle. If this level break strongly than long position could be made at retest. Hope this simple analysis could be help full as my previous btc analysis. Best of luck.
US30 Potential Upside Breakout At $40,930.14 20.08.2024Apply risk management
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Disclaimer
US30 TRADE IDEAUS30 still showing strong bullish momentum with a break above resistence followed by a retest while continuing to respect structure. A strong entry confirmation from the engulfing candlestick
Us30 for buy.Price is bullish, it's currently on a resistance zone, wait for bullish candlestick pattern, then take a buy.
The Dow Jones Is Bullish AgainLong idea for the Dow Jones:
The overriding trend is upwards. The weekly trend usually continues on Fridays.
The RRR of 1:1 is acceptable and worth a try.
US30 Setup: High-Probability Entry and Exit PointsThe chart is set up to identify potential trade opportunities, particularly in the context of the current price action. We’re at a critical juncture where the price is approaching a significant breakout point, closely interacting with key trendlines. This could indicate a major move, providing an excellent opportunity for traders to capitalize on the momentum. Keep an eye on the breakout levels as they will be crucial for determining the direction of the next trend.
US30 TRADE IDEAUS30 has been on an uptrend, indications of strong bullish momentum as price broke above resistence followed by a retest, the rejection is a confirmation for an enrty
