US30 IS GOING TO FALL GO SHORT Here on US30 price form rising wedge pattern and now break line 42656.9 so is going to fall more so trader should go for SHORT with expected profit target of 41419.9 and 40233.0 . Use money management
WALLSTREETCFD trade ideas
US30 SELL ANALYSIS RISNING WEDGE PATTERNHello trader, What do you think about US30? Here on US30 price form rising wedge pattern so as line 42618.4 has broken so is likely to fall more so trader should go for SHORT with expected profit target of 41285.6 and 40083.4 . Remember to like and share your thoughts in the comment!
US30 potential Sell setupReasons for bearish bias:
- Price gave HL breakout
- Price gave breakout of rising trendline
- Bearish divergence
Here are the recommended trading levels:
EP(CMP): 42500.6
SL: 43434.8
TP: 41566.4
US30: Critical Consolidation with Potential BreakoutUS30 Technical Analysis
The price is attempting to stabilize within the bullish zone by holding above 42,450.
Currently, the market is expected to consolidate between 42,590 and 42,450 until a breakout occurs. A 1-hour candle close below 42,450 would reinforce bearish momentum, targeting 42,230 and potentially 41,960. Conversely, sustained stability above 42,590 would favor a bullish push toward 42,770 and 42,910.
Key Levels:
Pivot Point: 42580
Resistance Levels: 42770, 42910, 43050
Support Levels: 42450, 42250, 41990
Trend Outlook:
- Bearish By stability below 42450
- Bullish by stability above 42590
previous idea:
Dow Jones (DJI) Primed for a Bullish Move – Fresh Long Entry!DOW JONES INDUSTRIAL (DJI) Technical Analysis:
In the 15-minute timeframe, Dow Jones Industrial (DJI) has signaled a fresh long trade entry at 42,406.00 with potential upside movement, supported by the break above the Risological dotted trendline.
Key Levels:
Entry: 42,406.00
Stop Loss (SL): 42,294.50
Target 1 (TP1): 42,543.81
Target 2 (TP2): 42,766.81
Target 3 (TP3): 42,989.81
Target 4 (TP4): 43,127.63
Observations:
The price has gained bullish momentum, with a clean break above the Risological trendline.
If momentum sustains, this trade could see all targets successfully hit.
A solid long trade entry is in play for DJI, with upside potential. The Risological dotted trendline serves as strong support, and if buyers maintain control, higher targets are likely to be reached.
Us30 like bullish short termIn the bullish scenario, we anticipate a potential reversal if the price rebounds from the 42,300 level, signaling a shift in market momentum. Should the price break lower, a continuation of the bearish trend is likely. It’s crucial to note that today's key news events are expected to heighten market volatility, with a high probability of bearish pressure emerging around the 42,700 to 42,800 resistance zone.
shorti usually don't trade on fridays so i will monitor this Dow jones it seems like it might fall for at least 1%
Potential bullish rise?DJ30 is reacting off the support level which is an overlap support that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 42,451.35
Why we like it:
There is an overlap support level that aligns with the 61.8% Fibonacci retracement.
Stop loss: 42,118.34
Why we like it:
There is a pullback support level that is slightly below the 78.6% Fibonacci retracement.
Take profit: 42,790.14
Why we like it:
There is a pullback resistance level that aligns with the 50% Fibonacci retracement.
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Potential bullish rise?US30 is reacting off the pivot and could reverse to the pullback resistance level which aligns with the 50% Fibonacci retracement.
Pivot: 42,387.94
1st Support: 42,084.97
1st Resistance: 42,759.06
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DOW JONES: testing the 4H MA200 and is expected to rebound.Dow Jones is on a neutral 1D technical outlook (RSI = 48.958, MACD = 306.300, ADX = 31.951) as the Channel Up pulled back to almost test the 4H MA200 for the first time since the September 11th Low. This is basically the top of the support zone of the Channel Up and based on the 1D RSI, a strong buy candidate. We turn bullish, aiming at the 1.5 Fibonacci extension (TP = 43,900).
See how our prior idea has worked out:
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DOW JONES (DJI) Slides Through TP1 & TP2! Eyes Set on TP3 & TP4!Technical Analysis:
On the 15-minute timeframe, the Dow Jones (DJI) short trade has already successfully hit TP1 and TP2, confirming strong downward momentum. Price continues to trade below the Risological dotted trendline, suggesting that the bearish trend is likely to continue.
Key Levels:
Entry: 42,997.92
Stop Loss (SL): 43,161.50
Target 1 (TP1): 42,795.74 (Done)
Target 2 (TP2): 42,468.58 (Done)
Target 3 (TP3): 42,141.42 (Pending)
Target 4 (TP4): 41,939.24 (Pending)
Observations:
After breaking below the Risological dotted trendline, the Dow Jones showed significant selling pressure.
Price continues to respect the downward trendline, supporting the case for further declines toward the remaining targets.
With TP1 and TP2 already hit, the Dow Jones looks primed to move towards TP3 and TP4. Traders should continue to monitor the bearish momentum as the setup points toward more downside potential.
US30 likely bearishThe short-term trend for US30 remains bearish unless there is a strong reversal signal. The indicators (RSI, MACD, and ADX) all point towards continued selling pressure.
The 42220 is a support level. If it breaks, the price could continue towards lower levels. On the upside, a breakout above 42700 would be required to indicate a possible reversal.
The Dow Jones Might Recover From Its LossesAfter the significant price losses, a recovery in the Dow is expected on the last two trading days of this week.
The price target lies between the 38.2% and 50% retracement of the entire downward movement, which is a conservative choice.
Bearish Trend Targets 42,450 Unless 42,910 BreaksUS30 Technical Analysis
The price has dropped by approximately 500 points, reaching the support zone as anticipated in yesterday's analysis.
It has now stabilized below the pivot zone, indicating that the bearish trend is likely to continue, targeting 42,580 and 42,450.
As long as the price remains below 42,770, it is expected to decline further toward 42,450. Conversely, a break above 42,910 would signal a shift to a bullish trend, with the next target at 43,215.
Key Levels:
Pivot Point: 42770
Resistance Levels: 42910, 43050, 43215
Support Levels: 42590, 42450, 42300
Trend Outlook:
- Bearish By stability below 42770
- Bullish by stability above 42910
previous idea:
NEW IDEA FOR DOW By examining the trend in the four-hour time frame, the Dow Jones index has important support in the range of 42365, and now, provided it is maintained, the rate can rise to the resistance of 42978.
DJI Long opportunityIf price will cross above 42532.15 then we can see up move till at least 42935 - 42900 .
price is currently at institutional controlling zone.
Trade at your OWN risk .
I am not SEBI registered .
longLooking at taking buying opportunities at the current price range targeting the HTF swing high price area.
Weekly Forex Outlook Sun.Oct.20.2024 - Fri.Oct.25.2024Like and Comments would be appreciated :D Not Financial Advice, Just my outlook/opinion
Dow Jones Short Term Sell IdeaH4 - Bearish convergence
Currently it looks like a pullback is happening.
H1 - Bearish trend pattern
Currently it looks like a pullback is happening
Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
Are We There Yet?Our top trend line has been touched a few times and rejected now, three days of falls could be the catalyst of the top being in and the early beginnings of a major turn down.
Down days repeatedly see increased volume compared to light volume on up days...usually the market hold up until the Punch & Judy show in November.
They don't ring the bell at the tops, lets watch the next few days, any further heavy selling can take us down to 39,500 area...October surprise?
Appreciate a thumbs up, good trading and God Bless you all!
DOW/US30 - SMALL RISK BIG REWARDTeam, I understand your fear about the down trend,
we been doing very well with the DOW/US30
But today we are going to take a little RISK
entry at 42450-42455
STOP LOSS at 42425
Target 1 at 42515-25
Target 2 AT 42675-76
Note: Once the price hit first target, bring stop loss to BE, dont forget to take 50%-70% partial profit.
This is 3R-5R reward. just play small volume
