US30 short term Shorts towards 33000.0As I am still bullish on US30 this idea is a temporary move that I see playing out due to the past couple days being very bullish. As im expecting a pull back/retracement of some sort, I will be looking to take the sells at the 22hr supply zone. I will wait and see for price to show me its hands then go from there. As price hasnt slowed down yet im still waiting for price to distribute soon so we can take sells back down towards 33000.0
Scenario (A) - Is just for price to enter an area of supply which is at the 22hr supply zone. Then we will need our lower time frame confirmation to tell us that price is ready to drop like a choch and a wyckoff distribution. There is a 3hr supply below however, I feel like it will get violated hence why I will be waiting for the 22hr as that zone has also swept liquidity above.
Scenario (B) - Is for Price to sweep this major high and retrace back down towards our designated target around 33000.0. This is were im expecting price to slow down and accumilate orders for us to start entering our buy positions. Then from there we will ride with the trend up to maybe new higher highs.
Confluences for US30 shorts are as follows:
- Dollar has shifted trend to the downside so im expecting this market to be bullish.
- Price has had a lot of impulsive moves to the upside that it needs to come back and retrace back to.
- Price is approaching level of strong supply that will potentially cause price to come back down to a cheaper price so we can enter our buys.
- There are lots of imbalances below as well on HTF and if price wants to continue going back up it needs to retrace and pick up liquidity to beign a new rally.
P.S. I am expecting US30 to make new ATH's so if we get into buys we could possibly hold all the way to premium price levels. This is also backed by DXY as if thats now going down I will be expecting this market to rally up even more. In addition to this, sentiment analysis also expects US30 and NASDAQ to be very bullish which adds to our confluence for FUTURE buys!
Us30analysis
US30 4H : Support further rise US30
New forecast
The index price rose in yesterday’s trading by recently surpassing the stable resistance at 32250, achieving significant gains by attracting towards 33450 with More bullish corrective attempts are likely.
Therefore the bullish trend scenario will be remain valid and effective supported by moving average 50 that is continue to support the price to rise up, but the price currently needs new positive momentum to enable it to overcome the stable obstacle at 33450 to make it easier for the price to achieve the proposed target that it started by targeting the 33600 level, and by breaking it, it will reach 33770.taking into account that is possible to do a retest to 33250 and the rise up.
The expect range trading for today it will be between the resistance line 33600 and support line 32250.
Additionally Today ,New York sessions will affect on the Indices .
support line : 33250 , 33155
resistance line : 33450 , 33600
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US30 4H : Under 32891 will drop US30
New forecast
The price perfectly fulfills my last idea and price reached to our negative target +250 pip.
The price of index rose up and reached to near the resistance zone and the rebounded from it at 33155 ,so as long as price trade under that zone the price will be continue at the bearish trend, To invite us to wait for the price to accumulate negative momentum to breach and stabilized under 32981 to reach our targets began 32700 and extend to 32615
Therefore the downtrend scenario will be remain valid supported by moving average 50 that is continue to push the price to decline for reminder our target will be activate when price can stable under 32891 , taking into account that breach and stabilized above 33155 will postponed the bearish trend and will push the price to build the positive momentum .
The expect range trading for today it will be between the resistance line 33251 and support line 32700.
Additionally Today ,New York sessions will affect on the Indices .
support line : 32891 , 32700
resistance line : 33155 , 33251
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US30/USD Shorts to 32600.0 US30 has recently broken structure to the downside on the higher time frame indicating it wants to continue in its bearish trend however, I believe it will not hold for too long as the over all market is bullish. In terms of current price action I'm expecting for price to continue going down a bit towards the 32600.0 mark.
Scenario (A) is Selling from the current price as it has tapped in a 22hr supply zone that has caused a BOS to the downside. Now price has retraced back into it, wyckoff distribution has played out for us to take sells from the supply we are in. Once we get to the target we can wait for price to show us its hands to decide if we can buy back up to another supply or not.
Scenario (B) would be waiting for price to push higher and take out our current supply zone and eventually tap into the 4hr above where better premium prices are. Not only did it cause a change of character but it also has imbalances below it which is a good sign of that zone being respected. Then we will wait for our lower time frame confirmation in the form of a re distribution and an another CHOCH to sell down towards our designated target of 32600.0
My confluences for US30 shorts are as follows:
- The market has broken structure to the downside on the higher timeframe.
- Price has tapped into a good supply zone (22hr) that has also caused a BOS.
- Wyckoff distribution has taken place and has changed character leaving a good price to sell from.
- There's loads of liquidity to the downside we can target in the form of equal lows, trendline and imbalances.
- The dollar is currently bullish and has been very strong recently so I am expecting this pair to drop more to the downside.
P.S. this is just a short term idea for US30's current market conditions however we have to be cautious when trading this week as there is FOMC on Wednesday and NFP on Friday so trade safe and have a wonderful week ahead!
US30 4H : it will breach the resistance or notUS30
New forecast
Yesterday, the index price rose up in the upward corrective path, recover for some losses by testing the additional stable barrier near 33155 - 33251 and settling below it till now .
Therefore, we will wait for the price to reach that level and then we will decide the next direction, so if price can stabilized above resistance zone at 33251 the upward trend will be activate and will build the bullish waves to reach 33450, on the other hand if price failure to stabilized above the resistance zone then will forced the price to drop again and targeting the negative targets 32891 and 32700.
The expect range trading for today it will be between the resistance line 33251 and support line 32891.
Additionally Today ,New York sessions and earnings of companies will affect on the Indices .
support line : 32891 , 32700
resistance line : 33155 , 33251
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US30 4H tests additional barrierYesterday, the index price activated the upward corrective path, compensating for some losses by testing the additional stable barrier near 33090 and settling below it, as is clear in the attached figure.
Therefore, we will continue to wait for the price to succeed in gaining additional negative momentum to facilitate the task of activating the negative attack again. We expect it to soon attack the 32328 level and then attempt to reach the 50% Fibonacci retracement level centered at 31851.
The expected general trend for today: bearish with the stability of the barrier
Pivot Price: 33040
Resistance Price: 334131 & 34005 & 34534
support price: 32328 & 318951 & 31348
US30 4H :Still under sell pressure US30
New forecast
The price perfectly fulfills my last idea and reached to our target .
The index price confirmed its break of the 32615 level, forming a strong negative attack. We noticed that it suffered huge losses when it touched the 32310 level on Friday, thus achieving the previously suggested negative targets.
Therefore the downward scenario will be remain valid and affective supported by moving average 50 and resistance zone that forms near 32700 ,The price may currently be forced to form some sideways fluctuation, but the general stability below the currently stable barrier near 32700 calls us to adhere to the negative weighting so that we expect it to target a level at 32310 with breach it it will reach to 32057.taking into account that stabilized above 32700 will postponed the bearish waves and support the price to build a positive momentum .
The expect range trading for today it will be between the resistance line 32700and support line 32615.
Additionally Today ,New York sessions and earnings of companies will affect on the Indices .
support line :32311 , 32057
resistance line : 32615 , 32700
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US30 4H : under 32891 will be more bearish US30
New forecast
The price perfectly fulfills my last idea
and price reached to our first target +200 pip .
Yesterday, the index price returned to form new negative waves. We notice that it is currently fluctuating near the stable support at 32891, trying to find an opportunity to achieve a breakout and stabilized under it , opening the door to resuming the main bearish attack suggested previously.
Currently, the price may be forced to continue offering weak sideways trades so that we can wait for it to accumulate additional negative momentum to facilitate the task of achieving the breakout, and then begin targeting the stable negative stations at 32700, reaching towards 32615. also it is possible to do a retest and then will drop so we have to wait until breach the 32891 and then sell it .
The expect range trading for today it will be between the resistance line 33155 and support line 32700 .
Additionally Today ,New York sessions and earnings of companies will affect on the Indices .
support line :32891 , 32700
resistance line : 33155 ,33251
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US30 SELLHi, According to Dow Jones analysis, there is a very good selling opportunity. The indicator appears to be in a very negative state with the pitchfork tool broken. The support at 34200 was broken. We also notice the break of the 200 moving average. All these factors confirm that the market is for sale only. Good luck everyone
US30 4H : Sensitive zone US30
New forecast
In yesterday's trading, the index price maintained its position above the additional stable support at 32891, trying to compensate for some losses by rushing towards 33251. We would like to note that this rebound will not affect the main downward path due to the general stability below the stable barrier at 33250, which contributes to confirming the dominance of the bearish tendency for the upcoming trading. .
Therefore, we recommend waiting for the price to break the stable support at 33155, to open the door to resuming the negative attack, which may initially target 32891 and 32700, respectively .taking into account that stability above 33250 will postponed the bearish attempts and will help the price to reach 33450 , so wait until confirmed one of them resistance line 33250 or support line 33155 .
The expect range trading for today it will be between the resistance line 33250 and support line 32891 .
Additionally Today ,New York sessions and earnings of companies will affect on the Indices .
support line : 33155 ,32891
resistance line : 33251 , 33450
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US30 4H :Earnings will affect on the market US30
New forecast
With its last negative attack, the index price touched about 32891, which constituted an obstacle to the negative attempts and forced it to form a temporary corrective rebound to currently settle above 32891.
We point out that the continued presentation of the main indicators of negative momentum will confirm the attempt to activate the price for a negative attack again, thus maintaining its stability below the stable barrier at 33251. Let us wait for it to achieve breaking the 32891 level, to open the door to reaching the additional negative stations represented by the 32700 and 32615 levels, respectively. Other wise stability above 33250 will postponed the bearish attempts.
The expect range trading for today it will be between the resistance line 33250 and support line 32700 .
Additionally Today ,New York sessions and earnings of companies will affect on the Indices .
support line : 32891 , 32700
resistance line : 33155 , 33251
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US30 4H achieves the goalHello traders,With its recent negative attack, the index price touched the second negative target by reaching around 33014. This constituted an obstacle to the negative attempts and forced it to form a temporary corrective bounce to currently settle near 33140.
We point out that the continued presentation of the main indicators of negative momentum will confirm the attempt to activate the price for a negative attack again, thus maintaining its stability below the stable barrier at 33040 . Let us wait for it to achieve breaking the 32942 level, to open the door to reaching the additional negative stations represented by the 32795 and 32660 levels, respectively.
Pivot Price: 33040
Resistance Price: 33140 & 33331 & 33522
support price: 32942 & 32795 & 32660
The general trend expected for today: bearish with the breakout achieved
timeframe: 4H
US30 4H :Still under sell pressure US30
New forecast
The price perfectly fulfills my last idea and price reached to our target +155 pip and still running .
The index price repeatedly presented negative closings below the 33155 level, forming an additional barrier against the bearish attempts. We noticed that it incurred additional losses when it touched the 32981 level.
Therefore the downward scenario will be remain vailed and effective during coming sessions supported by moving average 50 , This calls us to suggest that the price will soon attack the stable obstacle at 32891, and we should point out that achieving a break of this level and holding steady below it will force it to target new negative stations that may start from 32700 and reach towards 32615.
The expect range trading for today it will be between the resistance line 33155 and support line 32700 .
Additionally ,Today New York sessions will affect on the Indices .
support line : 32891 , 32700
resistance line : 33155 , 33251
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US30 4H : still bearish US30
New forecast
The price reached to our first goal +115 pip , then bounced back from it and reached me without support 33450 .
The index price confirmed that it was affected by the dominance of the bearish tendency in the current trading with its continued position below the moving average 50, stable at 34300. We notice that it sneaked below the additional support centered at 33450 and stabilized near 33290.
Therefore, negative pressure will increase the chances of the price resuming negative attempts. Let us wait for it to soon gravitate towards 33150, and by covering it, it will attack the stable support at 32952.
taking into account that failure to breach 33155 then the price will rise up .
The expect range trading for today it will be between the resistance line 33450 and support line 33155until stabilized .
Additionally ,Today New York sessions will affect on the Indices .
support line : 33250 , 33155
resistance line : 33450 , 33600
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US30 4H : still bullish US30
New forecast
The index price failed to exceed the 50 moving average axis, forcing it to postpone the upward attack and begin forming strong negative waves yesterday, thus creeping in at the initial stable support at 33450, as shown in the attached drawing.
Therefore the upward scenario will be remain valid and effective as long as price trade above the support zone so we expect the price will rise up supported by the support zone that formed at 33450 - 33600 to help the price to reach 33770 and 33880. taking into account that breach and stabilized under 33450 will end the upward attempts and will lose more points .
The expect range trading for today it will be between the resistance line 33880 and support line 33450 until stabilized .
Additionally ,Today New York sessions will affect on the Indices .
support line : 33600 , 33450
resistance line : 33770 , 33880
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US30 4H collides with the moving averageUS30
stabilizing prices above 33884 will support raising to touch 342111 and 34289 ,34439
if the price stable under 33884 then the movement will be between 33673 and 33500
Pivot Price:33884
Resistance Price: 342111 & 34289 & 34439
support price: 33673 & 33500 & 33264
timeframe: 4H
US30 4H : Uptrend above 33767US30
New forecast
The index price remains stable until this moment within the temporary side path represented by the additional stable support at 33600, while the 34020 level continues to form a strong barrier to the attempt to restore the upward bias, forcing it to offer sideways trades with its stability near 33767.
We will currently remain neutral until the price succeeds in breaking free from the sideways path. We should remember that its push above the barrier will open the door for it to form strong bullish waves that may extend first towards 34020 and 34306. As for its infiltration below the 33600 level and presenting it to a negative close, this will force it to incur more losses.
The expect range trading for today it will be between the resistance line 34020 and support line 33600 until stabilized .
Additionally ,Today New York sessions will affect on the Indices .
support line : 33600 , 33452
resistance line : 33767 , 34020
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Dow Jones repeats sideways oscillation
if the price stable under 33880 then the movement will be between 33673 and 33500
However, if the price exceeds the 33880 level and remains above it, this will cancel the negative weighting and invite us to hold on to the upward attempts to expect the formation of the 34011 level for the first positive target, reaching 34197
Pivot Price:33880
Resistance Price: 34011 & 34197 & 34372
support price: 33673 & 33500 & 33264
timeframe: 4H
The general expected tendency for today: neutral with the axes remaining stable
US30 Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.