US30 TODAYUS30 TODAY for me is very potential to move very big move DOWN
Look on Daily there is very strong bearish structure
On H4 and H1 i see first something to continiue
DJI trade ideas
US30 ShortIf It retest and goes below 43775 and just retest we do have a solid sell entry.
Tp 43550 - 43575.
ST 43850
It gives us a good trade With RR of 3:1
Do not risk more than 1% of account.
DJIA // Start of CorrectionI've posted some ideas about it, but now we have a lower close on the daily and waves down on H4, so the correction fibo 38.2 seems like a nice target.
Stay Patient, Stay Disciplined!
US 30 Stuck at a support line around 43794 at Market Close. US30 has been resting on the support line at 43794 for the last 7 hours. We are currently in 2 shorts and hoping price breaks down past this support level to the second support below at 43360. If price does break the current support it will likely head down there to return in a week or two. Based on what's happening with the individual companies represented by the Dow Jones the sentiment is that US30 will continue to fall for now.
Take shorts as long as the market allows you to, but be mindful and prepared for a consolidation or market manipulation. Keep your risk low and follow the trend.
Let me know your thoughts!
US30 POSSIBLE BUYThe market is currently testing the current Weekly 0.5 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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US30 SWING TRADE US30 has been on a bearish trendline that is likely to meet a weekly trendline that has been trending since August 2024
US30 Is Bullish! Buy!
Here is our detailed technical review for US30.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 44,204.8.
Considering the today's price action, probabilities will be high to see a movement to 45,600.0.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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Short then long then short1. Hanging man candle on 1D tf
2. Bearish divergence on 1H and 4H tf
3. The price has broken out of the ascending channel and retested it from below
So it's gonna fall. My targets are on the chart.
Incoming bullish continuation Dow Jones successfully dropped as previously anticipated. The sell move is fading bit by bit, and a bullish breakthrough maybe on the verge of occuring. A break of this bearish channel may lead to YM testing established highs, with continuation to create newer highs. Failure to buy and breakthrough this selling zone, may lead the indice to continue down due to the current bearish pressure.
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.
US30 - Potential Short
Key Observations:
1. Fibonacci Levels:
- The chart displays a Fibonacci retracement with key levels:
- 0.5 (44,065) and 0.382 (43,828) are critical short-term support levels.
- The 0.618 level (44,302) appears to act as resistance.
2. Bollinger Bands:
- The price is near the lower Bollinger Band, which often suggests oversold conditions. However, this doesn't confirm a reversal unless supported by other indicators.
3. RSI:
-The RSI is approaching oversold levels (below 30), indicating potential buyer interest soon. However, the RSI has not yet diverged, suggesting momentum still favors the downside.
4. Trend:
-The overall trend is bearish, with lower highs and lower lows. The recent retracement to 44,302** and rejection indicates the continuation of selling pressure.
Recommendations:
Short-Selling Scenario (Preferred):
- Rationale: The trend remains bearish, and the rejection at 44,302 confirms resistance.
- Entry: Wait for price action near the 44,065level. If it breaks downward and retests, consider selling.
- Take Profit: Aim for the 0.382 level (43,828) or 0.236 level (43,534) as targets.
- Stop Loss: Set a stop above 44,302 to protect against a trend reversal.
Buying Scenario (Riskier):
- Rationale: If the price respects 43,828 or 43,534 and forms bullish candlestick patterns, you could consider a short-term buy for a retracement.
- Entry: Look for a reversal signal at these levels (e.g., hammer or bullish engulfing candle).
- Take Profit: Aim for a move toward 44,065 or 44,302.
- Stop Loss: Set a tight stop just below 43,534
Conclusion:
Currently, the trend is bearish, favoring a sell strategy unless strong reversal signals emerge at key support levels.
Please keep in mind, do not risk more than 1% of your account.
Please comment, like and share this idea. it will help a lot.
Bullish trade idea on US30The bulls of Wall STREET are starting to take over , will start looking for buys once price gives us a breakout of the highlighted area .
Share your thoughts in the coments section below!!!
US 30 Dropped Some but Ready To go Bullish for 7000+ Pips US30 is Currently at a resistance level and above the downward trendline which is good indication price wants to rise now. The last (4) 1 Hour candles have been bullish. Be careful here. The Market makers know we are waiting for the buy and will wait for more buys to be initiated before creating a long wick downward to liquidate the buyers. If there aren't enough buyers in the market they will likely consolidate here for some time before going up. For the best entry wait until price retests 44179 or 44355 for the safest entry.
Good Luck to you and let me know your thoughts.
Dow Jones Breakout and Potential RetraceHey Traders, in today's trading session we are monitoring US30 for a selling opportunity around 44,900 zone, US30 was trading in an uptrend and successfully managed to break it out and currently is in a correction phase in which it is approaching the retrace area at 44,900 support and resistance area.
Trade safe, Joe.
Bullish to Bearish Play Of the Week for US30 After thoroughly breaking down US30 from the weekly to the minutes TF I have came to the conclusion it will retrace from the major support zone it’s at now to the 4 hr Daily trend line break out zone it had around 44.750-44.850 once it fills that inbalance and gives us a 3rd touch around the 4 hr bearish trend line it has going then it will be ready for the continuation of the sell on a bigger daily weekly TF, 1st major Target 44.550 if we break through that price in a big bearish way then expect 44.300 & 43.550 as next Major targets. Limits & Stops in chart w SL & TP prices, may the charts be in our favor..
My exectations for US 30Hi guys, hope you are doing good))
** Time frames of the analysis are 4H & daily.. on the chart currently is the 1d frame
** The index big overall view is bullish and it does HH and HL which I marked them by numbers but we are on the correction bearish temporary wave to try to create another HL to start again to go to another HH and so on....
** My TP1 and TP2 are marked on the chart by horizontal lines with price tags too
** The big yellow rectangle represents the consolidation zone which I avoided to trade at except the price breaks through up or down and once it broke down through, I made that idea as it became clearer now
** The index should settle on the purple uptrend line to take the power back or lose it and fall down more but anyway it will go there, but the market whalers know how we think well so they use the cards in their hands like a retrace to the upside from the current level to the most important price currently 44735 or higher but then it will go down to visit the daily uptrend line
** Plz consider too that the Fib 23.6% was not settled on by index yet so it did not meet the same point of the trend line by chance! it is the work of the market whalers and needs certain people to read their minds and go along with them otherwise no losers will be at markets.. it is not about chart alone, it is more about understanding the whalers! how they think and what they want.. Whalers are liquidity providers, banks, ETFs and funding establishments along with individual so rich people like me hehehe (joking) who not by chance too think all in same way that is why they become more rich and the poor stays poor or poorer because it is about the mind set, not only a chart! or a circumstances! true!
** Also the daily down should be filled but i do not depend on the daily gap to be filled as there are three daily gaps already further down which index did not fill yet!
** TP1 is the high and TP2 is the top of the body candles of 11th and 12th Nov.
** In case the purple uptrend line will be broken by a closed minimum daily candle, so I will make another idea then.
** Try to open the chart and make it bigger to see the view better or zoom or according to what you like
NOTE ****** Tp1 means to close the trade and then see if there is consolidation then breakthrough in the trade direction or to see that it retraced to the opposite direction of the trade then came back then (WAIT) till it settle down on by body or wick then to go in the trade direction only then you could re-enter to TP2
My ideas are exclusive to myself only and is not regarded as an advice for traders or investors and are not more than personal thoughts which I just wanted to share with you all and I do hope they could help.
I am not selling any signals and I do not take money favour any trades recommendations. They are free of charge all lifelong but I keep the copy rights of them though to not be copied or shared or sold.
Bearish drop?Dow Jones (US30) is rising towards the pivot which is a pullback resistance and could drop to the pullback support.
Pivot: 44,592.03
1st Support: 44,083.28
1st Resistance: 45,084.89
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Dow Jones: Bounce from 0.382 Fib Level and Bullish DivergenceThe Dow Jones has bounced off the 0.382 Fibonacci retracement level and formed a bullish divergence, indicating potential upward momentum. This technical setup suggests that the market may be poised for a reversal.
Bullish bounce?DJ30 is falling towards the support level which is a pullback support that lines up with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 44,106.94
Why we like it:
There is a pullback support that aligns with the 50%^ Fibonacci retracement.
Stop loss: 43,791.93
Why we like it:
There is a pullback support that lines up with the 61.8% Fibonacci retracement.
Take profit: 44,547.96
Why we like it:
There is an overlap resistance level.
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US 30 SELLNoticed bearish divergences on the Monthly, Weekly & Daily. Taking a short on US30 also in line with head & shoulder patterns with acceptance that market can change quickly due to fundamentals.
PEPPERSTONE:US30
US30 Continues to Fall. Likely to go to 43360 US30 Retested upper supports at 0500 and 0600 Hours. At that point we were looking for entries on an intraday short. Which we took. US30 is currently Falling and will likely hit 43369 area before looking to return bullish as the Dow Jones continues to show signs of weakness.
If you are already in a short you can hold it. If you want to get in on an entry price is quickly approaching a week support line at 43800. If it breaks this support, look for a retest for a clean entry.
If you are waiting for the Bullish trend we will be waiting at least 5 trading days at this point.
Let me know your thoughts!
