Live TradeWith getting back into the swing of thing during the election week one is carfully analyzing the market each retrace. The overall monthly trend is bullish but these pull back are necessary for new highs.
DJ30 trade ideas
W1 Shows Possible Short Term BuyI found a confluence zone between MN and W1. But because W1 is the latest zone, so here is the buy zone based on W1. Consolidation can be expected in the buy zone.
Dow Jones Industrial Average (US30) Potential BearishAnalysis Summary
Lower High (LH) and Strong High: The chart displays a lower high around 42,500, suggesting that sellers have control at this level. The strong high above it reinforces a significant resistance point if the price moves upward.
Break of Structure (BOS): The BOS below the recent low signals bearish momentum, indicating that sellers are likely to remain in control if the price does not break above the recent high.
Order Block: A blue-shaded order block zone around 42,050 to 42,150 may serve as a strong area for potential selling pressure. This area is likely to attract sellers if the price retraces into this zone, providing a potential entry point for short trades.
Weak Low: The weak low around 41,750 represents a level that could be retested if the bearish momentum continues. A break below this level would confirm further downside potential.
Potential Scenarios:
Bearish Continuation: If the price retraces into the order block around 42,050–42,150 and faces resistance, it could resume its downtrend, targeting the weak low at 41,750 and potentially lower levels.
Short-Term Retracement: A retracement into the order block may provide sellers an opportunity to enter, while a break above this zone could invalidate the bearish setup and potentially shift the trend toward a more bullish bias.
Conclusion
The Dow Jones chart indicates a bearish outlook with the potential for a retracement into the order block zone. Traders should monitor price action near 42,050–42,150 for signs of rejection, with a focus on downside targets around the weak low at 41,750.
US 30 is still fallingUS 30 has retested the 50% fib and may fall now... 61.8% is surer for sell enter. You can enter now with a small lot size if you must enter.
Dow breaks key 42,000 supportThe Dow has broken key support around 42000 as per the hourly chart above. The breakdown could lead to more selling pressure as we near the US presidential election, which is finally weighing on sentiment given how close the polls are. The DJIA has already broken a bullish trend line, so the path of least resistance in the next 24-48 hours is likely to be to the downside.
By Fawad Razaqzada, market analyst with FOREX.com
LONG LONGS!!!!Hi guys, this is how I think US30 will play out. Looking to go long after price clear breaks the 41. region
LONG, waiting for a 15m/5m to close below 20 RSIWaiting for a below 20 RSI close on the 15m and 5m for a long entry
Dominant selling pressure!The index's failure to continue to the upside and breaking through 41733 may likely see continued downward momentum.
Possible buyThe indexe's selling pressure managed to react on a crucial support barrier. As long as price remains above 41733, US30 may try to reach above resistant barriers. Failing to sustain the bullish move, and stabilizing below 41733 may lead to bearish continuation.
US30 Long: Bullish Continuation After LiquidityI am identifying a long buy opportunity on the US30 following a liquidity sweep around the 41,900 - 41,920 level. I will be watching for sustained bullish momentum to confirm the setup and support further upward movement.
US30 LONG: Targeting Key Support Zone for Upside PotentialI am observing a potential buy opportunity on the US30 around the 42,000 - 42,100 level, with a target toward the 42,350 level. I’ll be watching for strong confirmation signals within this zone to support a long entry, aiming to capitalize on anticipated upward movement.
US30USD Will Fall! Sell!
Take a look at our analysis for US30USD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 42,066.9.
The above observations make me that the market will inevitably achieve 41,539.1 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
US30 / Consolidation Zone with a Bearish BiasUS30 Technical Analysis
The price has a consolidate between 42130 and 41970
Bearish Scenario: Breaking 41970 by closing 1h or 4h candle under it, will be a bearish trend to get 41740 and then 41560
Bullish scenario: any breaking above 42130 will support the bullish trend to get 42290 and 42450
Key Levels:
Pivot Point: 42130
Resistance Levels: 42290, 42450, 42590
Support Levels: 41970, 41750, 41560
Trend Outlook:
- Bearish by stability below 41970
- Bullish by stability above 42130
- Consolidation 41970 and 42130
DreamAnalysis | Dow Jones Focus Key Levels and Strategic Moves✨ Today’s Focus: Dow Jones (US30) – A Major Market Influencer
We’re diving into the latest NASDAQ price action to pinpoint crucial levels, assess potential trends, and uncover strategic trading opportunities.
📊 Market Overview:
Currently, Dow Jones is positioned in a Discount. The price has broken through significant Seel-side liquidity levels, including the Relative Equal Lows Taken and now is having a retracement back higher, setting the stage for a potential move toward the Previous Week High ( PWH ). A Bullish Smart Money Technique (SMT) signal also aligns with the SPX500 (ES), hinting at possible headwinds.
🔴 Short- and Long-Term Outlook:
We’ll explore both bullish and bearish setups, equipping day traders with insights to approach both short-term and long-term trends effectively.
🗣 Short-Term Outlook:
In the short term, two scenarios could play out: either a push into the Buy Side Liquidity targeting the Previous Week High ( PWH ) and after that leading to a lower move. Lower timeframes will be crucial for monitoring these moves—drop down to spot key market movements in real-time.
🗣 Long-Term Outlook:
Looking long term, there’s potential for a pullback into a Premium level. For entries, tracking lower timeframes is essential. The Bullish SMT divergence with SPX500 (ES) reinforces the possibility of a Upward expansion.
🕓 Key Levels to Watch:
These levels will likely shape price movement:
- PMH: Previous Month High
- PML: Previous Month Low
- PWH: Previous Week High
- PWL: Previous Week Low
- BSL: Buy-Side Liquidity
- SSL: Sell-Side Liquidity
Fair Value Gaps (FVGs) serve as pivotal retracement zones, potentially guiding the next price movement.
📈 Bullish Scenario:
In a bullish setup, watch for Low-Resistance Sell-Side Liquidity sweeps on lower timeframes (LTF). Look for entry signals targeting higher levels, including a potential move toward the all-time high (ATH).
📉 Bearish Scenario:
For bearish trades, focus on lower timeframes such as the 15-minute chart. Short entries within the 4-Hour Imbalance or a breakdown of Low-Resistance Buy-Side Liquidity provide further confirmation.
📝 Final Thoughts:
Stay adaptable as market dynamics shift. By monitoring these key levels and setups, you’ll refine your strategy and increase the potential for high-probability trades.
🔮 On the Radar:
We’re also tracking NASDAQ, DXY, EUR/USD, and other major markets for evolving insights and timely updates.
⚠️ Disclaimer:
This analysis is for educational purposes only and not financial advice. Always do your own research and consult a licensed financial advisor before making any investment decisions.
UPDATE: DJI stock market, Crash 2024 will start in october 2024!UPDATE: DJI stock market, Crash 2024 will start in october 2024!
DJI Stock - Bull Market Truncation!As previously stated, we are on the eve of a major depression period. First signs of this will become visible. One of these are the DJI Stock - Bull Market Truncation!
04.11.24This week is election week in this close battle in elections on Tuesday and the Feds are expected to deliever a rate cut. This could influence high swings in market prices
us30: Price hovered around resitance and began its fall on wednesday to
Previous weeks low. On us30 im still quite bearish as there has been strong bearish momentum, possible to 41706.71-41557.50 area id like to see how price acts if it can reach there. How ever price has reached a strong area of resistance at 41796.96 so I'd like to see how price acts if it can reach 42334.18
ger40: Price capture a few highs above previous months high before falling on Tuesday reaching pw low on Wednesday. Still bearish towards ger40 id like to see price reach 19002.1-18911.2. I dont favour price pushing higher than 19294.5 at the beginnig of the week but if it were too I will like to see how it reacts
SasanSeifi| Where is the Next Support?Hey there, ✌ In the 10-hour timeframe, the Dow Jones Index has been correcting from the 43,300 price range. With a structural break around the 42,700 to 42,500 zone, the price entered a corrective phase, reaching down to 41,700. Currently, it is trading around 42,000.
The general outlook leans more towards a bearish scenario. One potential scenario is that after some slight upward fluctuations or sideways movement, if the 42,500 supply zone doesn’t break, we may see further correction to lower levels around 41,400 and 41,300. Following this, a range-bound movement is possible upon reaching these levels.
Should there be a correction in the price trend, it’s important to watch the price reactions in these zones to better understand the continuation of the movement. Additionally, if demand picks up and the critical 42,500 level breaks and holds, we could see a further price rise toward the 42,700 and 43,000 levels.
💢This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
Check the trend It is expected that the corrective trend will change the trend in the current support range and we will see the beginning of the upward trend. If the support range is broken, the continuation of the downward trend is likely
US30 SELL ANALYSIS TRIANAGLE PATTERN Here on Us30 price has form triangle pattern and now try to fall as the line 42232.4 has broken so is likely to fall more and trader should go for SHORT with expected profit target of support level. Use money management
Us30 Us30 is holding a good centeral level which is 41700. That level is highly important our forcast that price will jumb up to resistance at 43327 or closer then a retracement and continue its way to newly ATH . Target in analysis .
