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Us30setup

US30 Dow Jones Technical Analysis and Trade IdeaIn this video, we delve into a prospective trading opportunity within the US30 Dow Jones index. Our analysis entails evaluating the prevailing trend, scrutinizing price movements, assessing market dynamics, and identifying a potential entry point under favorable conditions, as elaborated in the video. Incorporating robust risk management principles into your trading strategy is crucial. It's imperative to emphasize that this content is presented solely for educational purposes and should not be construed as financial advice.
OANDA:US30USDLong
by fxtraderanthony
6
US30 Technical Analysis: Counter-Trend Short OpportunityThe US30's bullish momentum has encountered a key resistance level. This presents a potential counter-trend shorting opportunity. Here's the trade idea: Entry: Sell short at the current resistance level. Stop-Loss: Place a stop-loss order above the recent high. Target: Aim for the previous support/imbalance zone established at a prior low. Rationale: The US30's extended rally into resistance increases the likelihood of a pullback. This setup offers a favorable risk-reward ratio for a short-term counter-trend trade. Important Note: Market conditions can change rapidly. Manage risk diligently and adapt your strategy as needed.
OANDA:US30USDShort
by fxtraderanthony
2
US30 Trade IdeaUS530: Riding the Ascending Channel to New Heights The US30 index has been tracing an ascending channel on the 4-hour chart, a bullish pattern that suggests a continuation of the current uptrend. This pattern is characterized by two parallel upward-sloping trend lines that have been containing the price action. Key Observations: Bullish Sentiment: The ascending channel indicates a strong bullish sentiment as it is formed by a series of higher highs and higher lows. Support and Resistance: The lower trend line serves as support, while the upper trend line acts as resistance. Trading Strategy: Traders might consider buying at the lower trend line or on a breakout above the upper trend line. Trade Execution: Entry Point: A pullback towards the lower trend line could be a potential entry point, offering a favorable risk-reward ratio. Stop Loss: A stop loss can be placed just below the lower trend line to protect against a potential breakdown. Take Profit: The height of the channel can be used to project potential take profit levels, either from the point of entry or from the upper trend line if trading a breakout. Risk Consideration: Ensure to monitor for any signs of a breakdown below the lower trend line, which could invalidate the pattern. Adjust positions according to the evolving market conditions and maintain a disciplined approach to risk management. Trade ideas are speculative and should be considered within the context of your overall market analysis and trading strategy. This trade idea is based on the ascending channel pattern, which is a common bullish signal in technical analysis. It’s important to combine this with other indicators and market analysis for a well-rounded trading decision. Happy trading!
FX:US30Long
by itmecrypomania
US30 DOW JONES Technical Analysis and Trade IdeaThe US30 has enjoyed a robust bullish run, but recent price action on the 1D and 4H charts indicates potential weakness. I'm anticipating a **sell opportunity** should we observe a decisive break below the current range low, followed by a retest and failure of that level. Potential targets for this trade would align with prior 1D accumulation range highs. Remember that trading carries inherent risk. Before executing any trades, it's vital to conduct your own extensive research. Consider both fundamental market drivers and global macroeconomic conditions alongside your technical analysis. Always implement sound risk management practices to safeguard your investment. **Disclaimer**: This analysis presents a technical viewpoint on the US30. It should not be interpreted as investment advice. Base your trading decisions on your own risk profile, comprehensive market research, and a thorough assessment of all relevant variables.
OANDA:US30USDShort
by fxtraderanthony
US30 longs from 38000.0 back upGiven the strong bullish sentiment in US30 this week, the plan is to continue trading in line with the current trend. With recent price action breaking structure to the upside, it has formed a clear 9-hour demand zone. I'll be patiently waiting for a Wyckoff accumulation within this zone. Once this accumulation pattern confirms on the lower time frames, I'll be keen on taking long positions, especially considering it aligns with a psychological level at 38000.0. Additionally, this zone has demonstrated an impulsive move, leading to a Break of structure (BOS). I anticipate this move to propel US30 to establish new highs. Confluences for US30 Sells are as follows: - Price has been overall bullish short term and long term so this is a pro trend idea. - The 9-hour demand zone has caused a break of structure to the upside. - There's some liquidity left to the upside that can be taken. Looking at the candle stick anatomy bulls are still looking more dominant. - I anticipate a Wyckoff accumulation to occur during the ongoing pullback - Sentiment analysis also sees US30 to be very bullish which is another confluence. P.S. Given my strong bullish sentiment and the diminishing strength of bears, I wouldn't be astonished if price reverses. This market has been remarkably bullish for quite some time, so a reversal might occur to fill in imbalances or sweep liquidity left below.
OANDA:US30USDLong
by Hassan_fx
2
US30 Longs from 37600.0 or 37300.0 back upUS30 recently broke out of its ranging zone, achieving new all-time highs and confirming an extremely bullish trend. This further strengthens the prevailing idea, prompting us to adapt and seek opportunities for buying to continue the upward trend. We've identified two demand zones—one on the two-hour timeframe, close to the current price, and another (10hr) below, which is considered more ideal. The latter broke structure on a higher timeframe, swept liquidity, and is within the 0.78 fib range. I'll be patiently waiting for either of these two zones to explore potential buying opportunities. Confluences for US30 Buys are as follows: - Price needs to dip to a significant demand level for an upward rally to persist. - The market trend is long-term bullish, aligning with this idea. - New demand zones have been left on the (10hr & 2hr) which caused a BOS on the HTF. - Price has taken ATHs confirming the bullish trend. - Price has broken significant structure to the upside also reinforcing this idea. - Imbalances below that need to get filled as well so a potential pullback does make sense. P.S. Despite the prevailing bullish trend, it's crucial not to have tunnel vision and overlook the possibility of a bearish bias. With price absorbing all liquidity to the upside, there's a chance for a melt-off, potentially breaking through my demand zones and reaching the equal lows below them.
OANDA:US30USDLong
by Hassan_fx
US30/USD Shorts from 37780.0 down towards 37500.0This week, my outlook for US30 leans towards a bearish correction downward. Given the recent strong bullish rally, the diminishing bullish pressure indicates a potential retracement to sweep liquidity and address imbalances below. Subsequently, we'll be on the lookout for buying opportunities around the 37500.0 psychological level. The ongoing distribution and the change in price character on the hourly timeframe signal readiness for a downward move. Upon reaching our designated (6hr) Point of Interest (POI), I'll await further confirmation through a redistribution on the lower timeframe within the zone before considering a sell setup. Confluences for US30 Sells are as follows: - Lots of liquidity to the downside in the form of trend line liquidity and equal lows. - Price has changed character on the hourly and price has left a clean 6hr Supply Zone. - Candlestick anatomy showing that bullish pressure is getting exhausted. - Major imbalances left below as well on the higher time frame that need to be filled. - Price has been moving very bullish recently and is due for a correction. - If price wants to continue in a bullish direction I expect for price to tap into the 4hr demand. P.S. While my current stance is bearish in the short term, my overall outlook for the market remains bullish. This bearish perspective is a temporary one, allowing us to align with the prevailing trend eventually. It's crucial to note that my bearish scenario may be invalidated, considering the presence of equal highs nearby. HAPPY NEW YEARS TO ALL OF YOU AND HOPE THIS YEAR BRING EVERYONE PROFITABILITY AND CONSISTENCY. LETS CATCH THESE PIPS!
OANDA:US30USDShort
by Hassan_fx
US30/USD Imminent Shorts down towards 36600.0My bias for this weeks forecast is for US30 to see a temporary bearish move to the downside. As price has now slowed down, it shows that bullish pressure has now become exhausted. To add, we can see there was a clean 4hr supply which has triggered this initial bearish move. Having observed the expected retracement and correction back up to 37500.0, I now anticipate a price decline in my POI. This expectation is based on the objective to fill in imbalances below and sweep liquidity, including the previously established equal lows. Given the current holiday season, I also anticipate price movements to be slow and choppy. Confluences for US30 sells are as follows: - Tapped into a 4hr supply zone that has caused CHOCH to the down side. - Wyckoff distribution has been formed and validated via a CHOCH on the 15min. - Imbalance left below as well as liquidity to target such as the relative equal lows. - No reversal magnets above my POI which makes my setup more favourable for sells. - In order for price to keep going up it must come down to tap into some sort of demand level. - Rejection candle within our zone on the higher time frame reinforces that bullish pressure has now become exhausted. P.S. Even though my confluences are very strong for sells at the moment, we can't disregard a possible rally which breaks this 4hr supply zone. We have to remember that price overall is still bullish so we have to be cautious when trying to enter a counter trend trade like this. If you found this post insightful, be sure to drop a like and comment below your thoughts!!!
OANDA:US30USDShort
by Hassan_fx
1
US30 DOW JONES Technical Analysis And Trade Idea The US30 has exhibited a strong upward movement, recently reaching a significant resistance level on both the daily and weekly charts. This video provides a detailed analysis of this trend, meticulously examining price movements and identifying possible trading opportunities by thoroughly assessing multiple timeframes, ranging from weekly to as short as 15 minutes. Anticipate an in-depth review covering price variations, market trends, trend evaluations, and crucial technical analysis components. It's crucial to emphasize that the insights shared here are purely educational and should not be interpreted as financial advice.
BLACKBULL:US30
by fxtraderanthony
US30/USD Longs from 36000.0 up to 36750.0US30 has followed the anticipated trajectory, and I foresee it reaching all-time highs (ATHs) very soon. However, given the recent impulsive upward movement in price, a pullback is likely imminent. This presents an opportunity for us to capitalize on, considering the presence of an 8-hour demand zone where the price could retreat to, regaining bullish momentum for another rally. Conversely, there's also a possibility of the price surging directly into our daily supply zone, prompting a bearish reaction. While I anticipate the eventual failure of the daily supply, I can foresee price declining from that zone, providing potential selling opportunities. Confluences for US30 Buys are as follows: - Price has been impulsively bullish to the upside carrying lots of momentum. - Overall trend on the higher time frame and lower time frame both show a bullish trend. - Price left an 8hr demand zone for us to take buys from up to the ATH's - Due to recent impulsive upward movements, a pullback in price is imminent. - For the price to gather sufficient strength to reach all-time highs (ATHs), it must retrace back to a nearby demand zone. P.S. As the price approaches all-time highs (ATHs), it wouldn't be surprising to witness a consolidation. In such a scenario, I anticipate a significant reaction from the daily supply, given its HTF significance. Conversely, should the price quickly exceed the latest supply zone, choosing buy positions would be a more feasible approach. HAVE A GREAT TRADING WEEK AHEAD!
OANDA:US30USDLong
by Hassan_fx
1
DOW JONES 💸 DOW JONES 💸 Chart : 1Hour Overall Trend : Bullish Current Market Structure : Consolidation Scenario 1 : •Market is overall bullish , let’s see if our 1H demand area holds & is respected . For possible Longs positions taken if the SWING LOW is not Broken , Targeting 35100 . Scenario 2 : • If we do get a break BELOW our swing low , we could look for possible Short positions in the market . Anticipating price to fill the imbalance in the market . Target being 34400.
CAPITALCOM:US30
by Brehayne_
US30/USD Shorts down towards 34400.0 (possibly lower)From my US30 analysis we are currently approaching a key level of supply, even though we are very bullish the market requires a pull back in order to mitigate the inefficiencies left below, Hence why I am temporarily bearish this week. I see price reacting from the daily supply and dropping towards 34400.0 or even lower to more discounted zones in order for price to continue in its bullish trend upwards. As of current price I would be waiting for a distribution to play out on the lower time frame and a clean CHOCH because we will be counter trend trading back down. As of my designated target, there is lots of imbalances as well as liquidity in the form of asian lows. Confluences for US30 Shorts are as follows: - Price about to tap into a daily supply zone that has caused a BOS to the downside. - Current price has swept lots of liquidity (EQHs) and has taken out swing highs just below. - Price is premium so it's ideal to sell from this daily supply zone that we are approaching. - Lots of liquidity to the downside as well as imbalances that needs to get taken. - Price has been moving bullish and requires a pull back if price wants to continue in uptrend. - Price is slowly distributing before the mitigation of zone but pending a clean CHOCH. P.S. we are at the top of this internal structure that has caused a huge break of structure to the downside in which price is more probable to react from. As we have entered a premium POI I would be looking at imminent sells soon as possible once my confluences are met.
OANDA:US30USDShort
by Hassan_fx