uptrendThe uptrend is expected to continue to the specified resistance levels. Then, considering the behavior of the index in the resistance range, possible scenarios have been identified
WALLSTREETCFD trade ideas
US30 Provides a nice bull move at the 42300 levelUS30 Gave a nice long opportunity At 9:30 am when it quickly pushed up from the 42300 support level. This long will likely reach above the 43200 level and retest this area to continue its bullish move overall.
The bulls have arrived!
Technical Analysis of the Dow Jones Industrial Average
The Dow Jones Industrial Average, as one of the most important benchmarks in the US stock market, is currently approaching a sensitive area in the range of 41363-41191 units. A review of the chart shows that this area acts as a strong support level and there is a possibility of a positive price reaction to this level. A full analysis of this situation will be provided below.
1. Price Structure Analysis
The Dow Jones Industrial Average has recently exited the ascending channel it had maintained in the past months and entered a corrective phase. This correction has led the index towards the aforementioned support area, which is considered a key and valid level given the history of price performance.
Level 41363-41191 units:
This support area is obtained from the collision of several technical tools, including Fibonacci ratios (100% and 113% retracement) and the dynamic support of the lower trend line of the channel. Also, the price being near the lower band of the Bollinger Bands indicator also indicates the possibility of slowing down the decline and starting an upward rebound.
2. Bullish scenario
If the index can maintain the support area of 41363-41191 units, a positive reaction and price increase can be expected.
Short-term bullish targets:
The price returns to the resistance level of 43749 units, which coincides with the 38.2% Fibonacci line. This level is considered the initial target for the rise if the price is supported successfully.
Breaking through this resistance can pave the way for reaching higher levels in the medium term, including the psychological resistance of 45000 units.
3. Bearish scenario
If the index fails to maintain the support area and stabilizes below the level of 41191 units, there is a possibility of continuing the downward trend.
Bearish targets:
The next support level is around 40800 units, and if it is broken, the possibility of further decline towards 39500 units will be strengthened.
This decline could push the index into a deeper correction phase and increase selling pressure in the market.
Check the trend Due to the failure of the support trend line, the continuation of the corrective trend is likely. It is expected that after the pullback to the resistance trend line, the tone of the downward trend will be formed up to the specified support levels
Dow Jones for buyTechnical analysis indicates that the DJIA has support around the 40,000 level and resistance near 45,000. The index is assessed as technically slightly positive for the medium to long term.
Given these mixed signals, investors should exercise caution and consider both fundamental and technical factors when making investment decisions.
US30 POSSIBLE BUY The market is currently testing the current Weekly 0.78 Fib area. Based on 4HR TF, the market seems to be forming a possible reversal pattern.
We could see BUYERS coming in strong should the current level hold.
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Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
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Bullish possibility YM may likely break the green trendline with the motive to go towards the top. However, failure to break the trendline to the upwards may mean bearish continuation.
Dow Jones Industrial Average (US30)Dow Jones Industrial Average (US30) – Bullish Reversal Opportunity
This chart highlights a potential buying opportunity in the Dow Jones Industrial Average (DJIA) after a sharp correction. The recent dip into a key support zone could set the stage for a bullish reversal heading into 2025.
Technical Analysis:
Key Support Zone: The gray zone around 41,200–41,400 represents a strong demand area. Historically, this level has acted as a base for bullish recoveries.
Oversold Conditions: The steep sell-off suggests that the market might be oversold, increasing the likelihood of a reversal.
Weekly Pivot: The weekly pivot line serves as a near-term resistance, and a breakout above this level could signal bullish momentum.
Bullish Scenario: A bounce from the support zone followed by a break above the weekly pivot would confirm the start of a new leg higher, targeting 44,000 and beyond.
Fundamental Analysis:
Economic Resilience: Despite recent corrections, the U.S. economy remains robust, with moderate inflation and stable growth supporting equity valuations.
Federal Reserve Policy Outlook: Expectations of a pause or potential rate cuts in 2025 could reignite risk appetite, favoring indices like the DJIA.
Seasonal Trends: Historically, Q1 tends to favor equities due to renewed optimism and capital inflows at the start of the year.
Conclusion:
Traders may consider entering long positions in the highlighted support zone, with stop-losses just below it to manage risk. A break above the weekly pivot could provide further confirmation of bullish momentum.
Dow Jones 1HTFDow Jones
Short-term outlook:
Positive (bullish) scenario:
If the price stabilizes above 43,500 and stronger buying momentum emerges, we may witness a retest of 44,000 with a potential return towards 44,600.
Negative (bearish) scenario:
A break of 43,200 downwards may push the index towards 42,800 with increased chances of further decline if selling dominates
Bull run incomingYM successfully dropped and reached a support structure which may facilitate a bull run towards the established highs and all-time high in the coming few days or weeks. As long as price action is above 43,400 the indice will likely erase the bearish momentum. However, if the indice fails to go up and drops below the mentioned mark, Dow Jones will continue it's downward movement.
US30 4HIt is expected that the price will move towards the middle range after hitting the upper resistance and then again move towards the lower target.
I also expect that after hitting the lower range, the price will change direction upwards; however, I will wait to see if an engulfing pattern occurs or not.
US30 SELL to trend line idea *I am in no way a financial advisor and you should always do your own due diligence before placing any trade. Do not trade what you are not comfortable with losing. No trade is guaranteed.
US30 Long Idea Expected HL is formed on us30
Bullish hammer formed at 4hr TF the Golden zone of Fib level
Bullish Divergence at 1hr TF
buy at Current Market price 43610
SL at 43290
TP 1 44255
TP 2 45065
Santa abandons the Dow 30Buyers in the Dow Jones are likely frustrated given the recent gains in other stock indices, and as sellers are aggressively challenging the bullish uptrend, with the index nearly erasing all gains of its 5% rally off the November 19 low. As the price approaches a prior consolidation zone between 43,319 and 43,557, a reaction is likely, potentially forming a bottom and pushing higher as the December Santa rally begins. We maintain a bullish bias above 43,111, the November 20 low.
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US30 Intra-Week Analysis DEC 17th 2024US30 continued to make its way down to the 43400 Key Level after retracing from the new All-Time-High and supporting the FUD from an increase in interested rates. From this price point we can expect a decrease in volume resulting in consolidation as we approach Christmas and the new year. If we see a break above 43800 that will help support potential buys back to ATHs otherwise look out for a break below 43250 meaning selling momentum is still there.
US30 H4 | Potential Bullish Bounce ?Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 43,502.40, which is a pullback support close to the 78.6% Fibo retracement.
Our take profit will be at 43,502.40, a pullback resistance.
The stop loss will be placed at 42,720.14, which is a pullback support level.
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US30 4H
Dow Jones Analysis :
Introduction:
My previous analysis is here . As noted, while Nasdaq was predicted to be bullish, Dow Jones remained bearish. This contrast reflects the precision of price action analysis combined with a strong strategy that enables accurate market readings.
Main Scenarios:
The current trend remains bearish, and I expect the price to drop to 43530, where a potential reversal may occur.
Invalidation Level: A breakout and consolidation above 44500 will invalidate my analysis and signal a potential trend reversal.
Forecast and Strategy:
Short-Term Targets:
43350
42900
Upon reaching 43530, I will update the analysis to evaluate whether the market continues downward or reverses.
Closing:
As we approach the year-end, risk management becomes even more critical. Avoid entering trades without a solid plan.
For further updates, please like this analysis and share your thoughts in the comments.
short signalThe DJIA has exhibited a divergence, suggesting a bearish bias. This presents a trading opportunity to short the index with a target of 43000.
Marking the end of Bull rallyCouple months ago, I published my US30 Elliott Wave analysis stating the start of upward move which we saw in the past months.
Today, I am publishing the Elliott Wave breakdown of the upward move we have seen in past months which was anticipated in previous idea.
Coming to the point, it seems the rally is about to end and the correction is about to start. I am anticipating this correction to be somewhat big according to my Weekly wave count shown in previous chart, but lets see how things go.
Acw us30 bullish case We see price making a new ath and heading towards 46000 in early 2025
Before experiencing a correction around Feb - March 2025
Bullish momentum to extend?Dow Jones (US30) is falling towards the pivot which acts as an overlap support and could bounce to the 1st resistance.
Pivot: 43,318.65
1st Support: 42,643.34
1st Resistance: 44,526.39
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US30 Possible Bullish ideaUS30 has been on a straight sell for the past 9days and finally is approaching a strong area of Resistance turned support and an ascending trendline on the higher TF. Seeing it has two ascending trendlines we will objectively look at it. If market respects the ascending trendline and the area of support turned resistance, we will execute a buy but if it breaks that level, we will continue a sell to the second trendline and area of resistance turned support.
Remember, objectivity is the rule of the game. The market lads, we follow.
4-hr US30: Can We See a 2000 points Christmas Rally Following the US elections, the Dow Jones surged by an impressive 3300 points in a massive bull rally, generating significant returns. However, a correction is underway as early buyers begin to take profits. We anticipate the US30 could dip another 250 points to retest the critical 50% Fibonacci level. This expectation is supported by the emergence of a Death Cross, a classic bearish signal, indicating strong downward momentum.
If the 43,300 zone holds as support, there’s potential for a 2000-point Christmas rally. Buyers looking to capitalize on the broader uptrend might need to exercise patience, waiting for lower entry points to achieve a more favorable risk-to-reward ratio. This pullback could present an opportunity for strategic positioning in anticipation of the next rally.
