US30 SHORTToday there are no news so there may be less volume but NYSE opens at 2:30PM GMT so I will wait for one of my 3 zones to sell of from. Like Share And Comment Please.
US30 trade ideas
Incoming bullish continuation Dow Jones successfully dropped as previously anticipated. The sell move is fading bit by bit, and a bullish breakthrough maybe on the verge of occuring. A break of this bearish channel may lead to YM testing established highs, with continuation to create newer highs. Failure to buy and breakthrough this selling zone, may lead the indice to continue down due to the current bearish pressure.
Bullish bounce?DJ30 is falling towards the support level which is a pullback support that lines up with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 44,106.94
Why we like it:
There is a pullback support that aligns with the 50%^ Fibonacci retracement.
Stop loss: 43,791.93
Why we like it:
There is a pullback support that lines up with the 61.8% Fibonacci retracement.
Take profit: 44,547.96
Why we like it:
There is an overlap resistance level.
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US30 - Potential Short
Key Observations:
1. Fibonacci Levels:
- The chart displays a Fibonacci retracement with key levels:
- 0.5 (44,065) and 0.382 (43,828) are critical short-term support levels.
- The 0.618 level (44,302) appears to act as resistance.
2. Bollinger Bands:
- The price is near the lower Bollinger Band, which often suggests oversold conditions. However, this doesn't confirm a reversal unless supported by other indicators.
3. RSI:
-The RSI is approaching oversold levels (below 30), indicating potential buyer interest soon. However, the RSI has not yet diverged, suggesting momentum still favors the downside.
4. Trend:
-The overall trend is bearish, with lower highs and lower lows. The recent retracement to 44,302** and rejection indicates the continuation of selling pressure.
Recommendations:
Short-Selling Scenario (Preferred):
- Rationale: The trend remains bearish, and the rejection at 44,302 confirms resistance.
- Entry: Wait for price action near the 44,065level. If it breaks downward and retests, consider selling.
- Take Profit: Aim for the 0.382 level (43,828) or 0.236 level (43,534) as targets.
- Stop Loss: Set a stop above 44,302 to protect against a trend reversal.
Buying Scenario (Riskier):
- Rationale: If the price respects 43,828 or 43,534 and forms bullish candlestick patterns, you could consider a short-term buy for a retracement.
- Entry: Look for a reversal signal at these levels (e.g., hammer or bullish engulfing candle).
- Take Profit: Aim for a move toward 44,065 or 44,302.
- Stop Loss: Set a tight stop just below 43,534
Conclusion:
Currently, the trend is bearish, favoring a sell strategy unless strong reversal signals emerge at key support levels.
Please keep in mind, do not risk more than 1% of your account.
Please comment, like and share this idea. it will help a lot.
Bearish drop?Dow Jones (US30) is rising towards the pivot which is a pullback resistance and could drop to the pullback support.
Pivot: 44,592.03
1st Support: 44,083.28
1st Resistance: 45,084.89
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US30 Broke another Support Level at 44000 - Over CorrectedUS30 is completely overcorrected with market manipulators going to liquidate buyers who think price is about to rise. If price continues to fall, look for there to be no support until 43362 which is way's away. If that happens there is a big opportunity to maintain short trades but it is very risky because US30 is completely over corrected and may go bullish at any moment. Keep an eye out for further selling for intraday opportunities.
US 30 Dropped Some but Ready To go Bullish for 7000+ Pips US30 is Currently at a resistance level and above the downward trendline which is good indication price wants to rise now. The last (4) 1 Hour candles have been bullish. Be careful here. The Market makers know we are waiting for the buy and will wait for more buys to be initiated before creating a long wick downward to liquidate the buyers. If there aren't enough buyers in the market they will likely consolidate here for some time before going up. For the best entry wait until price retests 44179 or 44355 for the safest entry.
Good Luck to you and let me know your thoughts.
US30 / Bearish PressureTechnical Analysis
The price dropped based on my previous analyses
Today, US30 is expected to consolidate between 44270 and 43900 until a breakout occurs.
The price has stabilized below the zone between 44,400 and 44,270, indicating a potential decline toward the 43,900 and 43,760 levels. A break below these levels would likely trigger a further drop toward the 43,350 level, However, before this decline, the price may undergo a correction toward the 44,270 level.
Alternatively, if the correction continues toward the pivot level at 44,400 and successfully breaks it, the bullish momentum is likely to strengthen significantly.
Key Levels:
Pivot Point: 44270
Resistance Levels: 44410, 44590, 44750
Support Levels: 43900, 43760, 43490
Trend Outlook:
Bearish Momentum
US 30 SELLNoticed bearish divergences on the Monthly, Weekly & Daily. Taking a short on US30 also in line with head & shoulder patterns with acceptance that market can change quickly due to fundamentals.
PEPPERSTONE:US30
Be Careful Going Short on US30 Wait for Retest of 44156US30 is faking as if its going to sell. This may be the case however the likelihood that this pair is still falling is minimal. What we are seeing is market manipulation. They are going down to take the liquidity from the buyers in the market then going up. If this is the case, look to short only after a retest and ride it down to the next two support levels maximum.
What do you think?
Comment Below
US30 Likely to consolidate for 24-72 Hours before Going BullishAs we pay attention for US30 to rise its important to remain patient. The market makers are likely to consolidate US30 at this point to hold both buyers and sellers into their trades before bouncing up for a great bullish trend. Look for price to break the current resistance level and wait for a retest of the zone 44351 followed by a big bullish move.
Do you think this could happen to the US30?
Hi
Should we make a buy?
An uptrend can be said to occur on the 1-hour timeframe when the candles are able to cross the black lines drawn and move upwards.
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Us30 for buyso build long positions effectively in US30 (Dow Jones) after a pullback, it's important to align your strategy with the broader market context and use technical analysis to identify the right entry points. Here’s a more detailed explanation
my expectation for Dow Jonseus30 move in Rasing wedge and also, we have Bearish Divergence so i expect that we will down to close gab on 44357.00 then make retest on 44525.00 after that if the price stabilizes below 44525.00, we may see 44015.00 lvl which represents the lower limit of wedge pattern.
US30 / Dropped and Still Continue Within Bearish Trend Technical Analysis
Dow Jones Already dropped and stabilized below 44755 which means still has a bearish volume to get 44410, it's possible to do a retest till 44750 and then start within a bearish trend.
To be bullish trend should break 44760 by closing the 4h candle above it, to get 44920
Key Levels:
Pivot Point: 44680
Resistance Levels: 44750, 44920, 45090
Support Levels: 44410, 44270, 43900
previous idea:
DJIA // Preparation for the next wave in the correction———
Stay Patient, Stay Disciplined! 🏄🏼♂️
Your comments, questions, and support are greatly appreciated! 👊🏼
US30 H2 | Market ViewPotential for a bearish pullback on the US30 H2 which could lead to a price movement towards the support level at 44300
Bearish drop off pullback resistance?DJ30 is rising towards the resistance level which is a pullback resistance that is slightly below the 38.2% Fibonacci retracement and could drop from this level to our take profit.
Entry: 44,619.03
Why we like it:
There is a pullback resistance level that is slightly below the 38.2% Fibonacci retracement.
Stop loss: 45,135.21
Why we like it:
There is a pullback resistance level.
Take profit: 44,110.47
Why we like it:
There is a pullback support level that is slightly above the 50% Fibonacci retracement.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
1-hr US30: Slowed Upward Momentum Might Attract SellersFor the past couple of weeks the 45 000 level in the US30 has acted as resistance and since last week we registered a 400 point drop in the index. It is only normal to see a pullback after a massive bull rally, as many of the early buyers are selling to take profit. The strong bearish momentum, which currently dominates Dow Jones, is also confirmed by the Death Cross - a classic sell signal. A potential issue for short sellers however, is the rather low value of the RSI. This, added to the 400 point recent drop, might attract short term traders, who will want to "buy the dip". We would prefer to enter a sell, only after the value increases slightly, so we can achieve a better risk to reward. Looking at the current price action, the critical 50% Fibonacci retracement level seems like a possible resistance area, from where the US30 might continue to correct south. This zone corresponds to 44 800, or 200 points above the current market value.
Dow Jones Wave Analysis 9 December 2024
- Dow Jones reversed from resistance area
- Likely to fall to support level 44300.00
Dow Jones index previously reversed down from the resistance area between the resistance level 45000.00 (which has been reversing the index from the end of November), resistance trendline of the daily up channel from August and the upper daily Bollinger Band.
The downward reversal from this resistance zone started the active minor correction iv of the higher impulse wave 5 from last month.
Given the overbought daily Stochastic, Dow Jones index can be expected to fall toward the next support level 44300.00 (former resistance which stopped wave i at the start of November).
DJIDJI - Dow Jones
Order Block
Break of Structure
Bullish Channel as an Corrective Pattern in Short Time Frame
Completed " 12345 " Impulsive Waves
Change of Characteristics
