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Us30setup

US30/USD Shorts from 34600.0 down towards 33800.0My bias for US30 currently is for a bit more upside in order to mitigate the 22hr supply zone or the 19hr, both are apart of a key weekly supply level. From this we will expect a sweep of the asian high as well as a consolidation before entering to show that price is slowing down and buys have now become exhausted. We will then wait for a wyckoff distribution and a CHOCH on the lower time frame before we execute our sell positions. As price has been very impulsively bullish I am expecting a retracement for sure hence my bias. My confluences for US30 shorts are as follows: - Price approaching key weekly supply level that caused a CHOCH to the downside. - There's magnets below our POI that need to be taken in the form a liquidity sweep. - There a lot of imbalances below as well as deeper demand levels for price to mitigate. - Price has been moving very bullish with minimal pull backs so price needs to come down. - For price to continue in bullish trend it needs to react off a stronger level of demand. - 22hr supply has also swept liquidity, good sign that the zone will hold. P.S. I am overall bullish however, as we are approaching a key supply I can see a short term sells playing out in order to fill the imbalances below and mitigate a deeper level of demand. This makes sense because us as traders, we ideally want to buy from a discounted price. As of this week we do have CPI coming on Tuesday, I would personally wait after just to see how price reacts from this major news event then make my move. Trade safe and hope you guys have a good week ahead!
OANDA:US30USDShort
by Hassan_fx
2
US30 4H :Trying to start the correction US30 New forecast The index price failed to resume the upward attack due to its encounter with additional resistance near 34150. We notice the beginning of its formation of a downward corrective creep, thus settling currently below the level of 34050. We expect the downward corrective attempts to continue making profits for the current period, and we expect it to sneak towards 33832. By breaking this obstacle, trading may extend towards 33600, which may form In turn, additional support against bearish trades. Therefore the negative correction it will be remain valid as long as price trade under 34150 ,As for the price’s success in penetrating the resistance 34150 and holding above it, this will open the door to resuming the upward attack. We expect the price to target directly the level of 34292, arriving towards the next main target represented by the level of 34432. The expect range trading for today it will be between the resistance line 34150 and support line 33832 . Additionally Today ,New York sessions will affect on the Indices . support line : 33832 , 33600 resistance line : 34050 , 34150 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
OANDA:US30USDShort
by Arazmajeed
4
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!
OANDA:US30USDShort
by Hassan_fx
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!
OANDA:US30USDShort
by Hassan_fx
1
US30 Dow Jones Technical Analysis and Trade IdeaWe are presently analysing the US30, which has recently reached a critical resistance level. In the video, we conduct a comprehensive analysis of the Dow Jones, delving into various aspects including the prevailing trend, support and resistance levels, market structure, and price action dynamics. As the video nears its conclusion, we carefully assess a prospective trading opportunity. It is important to emphasise that our video provides a thorough explanation of all aspects discussed, and it should be noted that the content is provided for educational purposes only. This should not be interpreted as financial advice.
OANDA:US30USD
by fxtraderanthony
US30 ShortThe analysis aims to highlight the potential downside risks and factors that could contribute to a decline in the market during this period. Market Overvaluation: One of the primary concerns supporting the bearish stance is the perceived overvaluation of the Dow Jones Industrial Average. Throughout the past few quarters, the market has witnessed an extended rally, leading to inflated asset prices. This has created a situation where the market might be due for a correction or even a more significant reversal. Economic Uncertainty: The global economic landscape may contribute to downward pressure on the Dow Jones Industrial Average during the specified range. Factors such as geopolitical tensions, trade disputes, and geopolitical events could create uncertainty in the markets, prompting investors to adopt a risk-off approach and exit long positions. Inflationary Pressures: Persistently rising inflation can exert negative pressure on the stock market. A surge in inflation can lead to concerns about potential interest rate hikes by central banks, which might dampen investor sentiment and drive market participants towards safer assets. Technical Indicators: Analyzing technical indicators can further support the bearish outlook. For example, if we observe declining volume alongside declining prices, it may signal a lack of conviction from buyers and potential weakness in the market. Sector-Specific Weakness: Within the Dow Jones Industrial Average, certain sectors might exhibit weakness, leading to a drag on the overall index. Disruptions in supply chains, weakening consumer spending, or regulatory challenges can weigh on specific sectors, influencing the overall market sentiment. Profit-Taking and Rotation: Given the prolonged bull market, investors may decide to lock in profits from their existing positions, causing sell-offs and leading to a potential rotation of funds into other assets. This rotation could result in reduced demand for equities, including those within the Dow Jones Industrial Average. Conclusion: Based on the bearish analysis, a short signal for the Dow Jones Industrial Average within the specified range of 35,420 to 35,455 could be justified. However, it's crucial to remember that financial markets are inherently unpredictable, and trading decisions should be made with careful consideration of risk management strategies. Traders and investors should always conduct thorough research and be vigilant about any potential changes in market conditions.
OANDA:US30USDShort
by realtrademaster
1