US30 Trend:
The chart shows a bullish channel forming after breaking out from a prior consolidation zone.
The price is currently testing the lower boundary of the channel.
Key Fibonacci Levels:
The price is reacting near the 61.8% Fibonacci retracement level (44,888), which is a critical support zone.
Further downside could test 44,782 (50% Fib).
RSI:
The RSI is showing a bearish divergence (lower highs on RSI vs higher highs on price), indicating potential weakening of bullish momentum.
Support and Resistance:
Support: 44,888 (Fib 61.8%) and channel support.
Resistance: 45,105 (channel top) and 45,030 (Fib 78.6%).
What to Do:
If Bullish:
Look for price to hold above 44,888 and the lower boundary of the bullish channel.
Entry: Buy near support with a target toward 45,030 or higher.
Stop-loss: Below 44,780.
If Bearish:
If the price breaks below 44,888 and the channel, consider a short.
Entry: Sell on a confirmed breakdown with targets toward 44,782 or 44,613.
Stop-loss: Above 44,950.
Neutral Approach:
Wait for a clear breakout or breakdown from the current channel to confirm direction.
Focus on volume and RSI behavior for further confirmation of trend continuation or reversal.
DJ30.F trade ideas
DOW JONES (1h) Death Cross turning into a buy signal soon.Dow Jones is trading inside a Channel Up that is long term supported by the MA50 (1d).
On Monday we will see a Death Cross (1h), which inside the Channel Up has been usually formed halfway through a Channel Down/bearish leg that forms the new Low.
Trading Plan:
1. Buy by next Wendesday the latest.
Targets:
1. 46000 (under a +8.31% rise from the last Low, which is where the October 18th High was priced).
Tips:
1. The RSI (4h) tends to form a bottom when it hits 30.00 (oversold limit). Be ready to buy if it hits that level earlier than next Wednesday.
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Notes:
Past trading plan:
US30: Bullish Across All Time FramesUS30: Bullish Across All Time Frames
On the Weekly, Daily, and 4-Hour charts, US30 is in a clear bullish trend. Throughout its upward movement, US30 has continuously developed bullish patterns, breaking out and creating new all-time highs.
Currently, US30 is in a similar situation. The price has formed a bullish triangle pattern and appears ready to rise again.
Once the price breaks through the pattern, US30 is expected to begin another impulsive wave, as shown in the chart.
The price has to rise above 45082 in order to begin the bullish trend again.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
US3O M15US30 M15
MAKE A CYCLE IN THE MARKET .
At the end of the process we collect the orders
UP THEN DOWN
BUY 44805
AFTER THAT SELL.44725
October is Going to be a BloodbathDon’t Follow the Herd: A Rare Opportunity to Take Profits
Don't believe the media or the herd when they tell you to buy NVDA and hold the stock market. This is a rare opportunity to take profits and possibly speculate short on the market. The current Elliott Wave count implies a crash in October, and NVDA, which topped out nearly 100 days ago, WILL lead the way down. Let's summarize some of the key reasons why you should be bearish:
Elliott Wave Ending Diagonal: Signaling a Crash
Current Elliott Wave analysis shows we are in an ending diagonal pattern. This formation is known for indicating the final stages of a trend, often leading to sharp reversals or crashes. The completion of this pattern suggests that a major decline may be imminent, with little room left for further upside. THERE DOES NOT NEED TO BE A CATALYST. In fact, with a probabilistic Elliott Wave count, we can predict the so-called "catalyst" before it even occurs. An ending diagonal suggests bank failures may be near.
Yield Curve Uninversion: A Recession Signal Warren Buffett Watches Closely
The yield curve uninversion is one of the most reliable recession indicators, and it’s no secret that Warren Buffett keeps an eye on it. I’m not a big fan of Buffett, but historically, his timing is incredible, and yield curve uninversion is one of his main timing tools. Historically, this signal has a near-perfect track record in predicting recessions. We’ve now officially entered uninverted territory, and this alone is cause for concern.
FED Pivot: Following the Market Lower
Looking at past crises, particularly 2007-2008 and 1929-1932, the Federal Reserve’s pivot is often a sign of the central bank following the market lower. From 1929 to 1932, the federal funds rate dropped from 6% to 2.5%, and yet the Dow Jones Industrial Average (DJIA) fell by 89%. Similarly, in 2007-2008, the federal funds rate went from 4.76% to 0.22%, and stocks fell by 54% (DJIA). We are seeing a similar scenario unfold today, suggesting further downside risk ahead.
Extreme Sentiment: Higher Than 1929, 2007, and 2021
Sentiment is at extreme levels. Consumer predictions of higher equity prices in the next 12 months are at an all-time high, surpassing even the exuberance seen in 1929, 2007, and 2021. If you’re bullish, just remember—you’re moving with the herd.
Momentum Divergence Signals a Major Top
A 25-year-long momentum divergence is also flashing warning signs, agreeing with the view that a major market top is near.
Take Advantage of Peak Sentiment
If your goal as an investor is to buy low and sell high, statistics show us that investors are MOST bullish at the top and MOST bearish at the bottom. If you want to buy low and sell high, then you need to be selling into peak optimism and buying into peak pessimism. This is an opportunity to take profits, hedge, or if you are a experienced trader: speculate short.
Good luck,
Bardini Capital
US30 Short Idea based on monthly-minute breakdownAfter thorough breakdown i see US30 diverging in the weekly & hourly TF, after that I measured the daily-weekly moving average and concluded that it has finished the average pip movement before usual daily retracements. So after deciding it will be bearish I’m looking for a bullish retracement in the 1min-15 min TF to the 45100 area where I’ll be looking to place my SELLS. TP targets have been set from TP1-TP6 (Make sure to set to break even after TP1 hits if deciding to swing trade). Bulls usually control December so I did mark up the possible bullish scenarios from the 1st 4 TPs. Let’s see if US30 can FEED US !!
DOW JONES: Short term consolidation to lead to 46,100.Dow Jones is on a very healthy bullish 1D technical outlook (RSI = 64.961, MACD = 523.800, ADX = 24.313) as the bullish trend inside the 5 month Channel Up is still intact. In fact it is not just intact but the index is basically on All Time High levels, supported by the 4H MA50. The Channel Up is highly symmetric and technically we believe we are on the same level as September 30th. The index was inside a shorter term Channel Up, which after a 4H MA100 test, it rallied to the 1.5 Fibonacci extension. The bearish divergence on the 4H RSI was as evident then as it is now. The two fractals are virtually identical, hence we project a similar result. Buy and target the 1.5 Fib (TP = 46,100).
See how our prior idea has worked out:
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Several factors suggest a potential downturn for the Dow Jones ISeveral factors suggest a potential downturn for the Dow Jones Industrial Average (US30) in the near term:
Technical Indicators:
• Overbought Conditions: The Relative Strength Index (RSI) indicates that US30 is approaching overbought levels, which often precedes a price correction.
• Bearish Divergence: A rising wedge pattern coupled with bearish divergence signals a possible downward movement.
Economic Data:
• Manufacturing Slowdown: The ISM Manufacturing PMI rose to 48.4 in November but remains below the 50 threshold, indicating contraction in the manufacturing sector.
• GDP Growth Concerns: Recent data shows the U.S. economy grew at its slowest pace in two years, with a 1.6% increase in GDP for the first quarter of 2024, missing forecasts.
Federal Reserve Policies:
• Cautious Approach to Rate Cuts: Federal Reserve officials have signaled a cautious approach to future interest rate cuts amid strong economic performance and cooling inflation, which may impact investor sentiment.
Market Sentiment:
• Strengthening U.S. Dollar: A rising U.S. dollar could pose challenges for stock-market bulls, potentially hindering further equity-market gains.
• Technical Caution: Analysts warn of potential market corrections, with models indicating possible downturns during the holiday week.
Considering these factors, there is a potential for US30 to experience a decline in the near future. However, market conditions can change rapidly, and it’s advisable to monitor real-time data and news updates for the most accurate information.
US 30 heading into trouble?Hi guys,
The Dow Jones US 30 is also grinding slowly higher and continually making all time highs.
Currently price is heading towards an area where we may find some strong selling pressure.
The highlighted box on the chart is taht area and it contains the 2.0 retracement of the bear market high to low. I think this level is more significant due to the fact that the previous level of 161.8 did not provide any resistance.
The upper trendline also coincides with this area . Weekly RSI is showing massive divergence but thats been like that for a long time. Daily is showing divergence but not quite in overbought. 4 hour is showing divergence and clearly overbought.
Lower time frame entry using candlestick chart patterns etc could lead to some nice risk to reward trades.
Safe Trading all.
US30 DAILYWithout exaggeration, we have reached the destination of this upward rally on the Dow Jones index. A correction of about 4000 points is expected before continuing the trend.
Us30 06DEC24 pasOn Friday November 22nd the market reacted to a 1D fvg; which is the bullish narrative i wanted to see in order to confirm my bullish directional bias. I also applied Fibonacci to the fvg to locate a few long term price targets.
Now, all that was required of me was to identify an ideal entry point which was offered today as an order block on the 2H timeframe. I applied fibonacci to the structure it was found in. And clear as day the 79% discount level was aligned with the opening of the Ob. The market reacted to it beautifully as anticipated today
change the trendGiven the price behavior within the current support range, an upward trend is expected to form up to the specified resistance levels
Bullish bounce?US30 is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance.
Pivot: 44,513.84
1st Support: 44,077.45
1st Resistance: 45,165.67
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
US30 Trade IdeaUS30 - Liquidity Grab Suggests Bullish Momentum
The US30 (Dow Jones Index) has swept liquidity at a critical support zone, signaling a potential bullish continuation. This move indicates that the market has absorbed selling pressure and may be preparing for a rally.
Key Observations:
Liquidity Sweep: A significant dip below the support level captured stop-losses and trapped sellers, providing the smart money an opportunity to reverse the trend.
Market Structure: Price is showing signs of recovery with bullish rejections from the liquidity zone.
Confirmation: Break on specific level will add strength to the bullish bias.
Trade Plan:
Entry: Buy on specific level upon confirmation of bullish momentum.
Stop Loss: Below the recent liquidity sweep for a calculated risk.
Take Profit: Targeting resistance levels around .
Risk Management:
Ensure a favorable risk-reward ratio, and avoid over-leveraging. This trade aligns with a broader uptrend in US30, but patience and discipline remain key.
Dow Jones_1HDow Jones index analysis Elliott wave analysis style Completion of five rising waves in Hotah time and the possibility of a downward correction Important resistance 44800 The main and important support is 43,900 Meanwhile, in the long term, any low towards 43900 can be bought for the long term.
Check the trend The indicator is expected to fluctuate above the support range, then the start of an uptrend is likely. If the red support zone is broken, the trend change and continuation of the downward trend will be possible
DJIA // Start of CorrectionThe market has turned south on H4 after reaching the daily target fibo 161.8
We may easily visit the correction space now, 38.2 is exatly at the daily breakout.
DOW JONES targeting 165000 in the next 8 years.Dow Jones / US30 is following very distinct and easily recognizable patterns over the years and decades and this chart gives you the complete picture since the 1930s and the Great Depression.
We are currently well underway inside the Bull Cycle, which is the market's 3rd major these past 100 years.
With the support of the 1M MA50, this Bull Cycle (via a Channel Up pattern) is expected to continues rising until the point it breaks aggressively over the pattern towards the last years of the Bubble in 2029-2033.
From bottom to top, the previous two Bull Cycles rose by an incredible +2500%.
This means that long term and patient investors can still buy now and enjot another 8 years of immense growth and returns, targeting 165000.
Note that the RSI underneath the chart is on the 12M timeframe but achieves displaying the situatio more accurately than any. Clear Bear Cycle bottoms and breakouts over the MA when the Channel Up Bull Cycle started among all Cycles.
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Review of Dow Jones Industrial Average Index ChartHere's a review report based on the chart you p
1. Current Price Action:
The Dow Jones Industrial Average (DJIA) is trading at 44,645.88, reflecting a recent bearish sentiment following an earlier rally. The index has shown signs of retracement after failing to maintain higher levels around 46,500.
2. Marked Daily Zone (Green Area):
A key demand zone is highlighted between 42,750 - 43,500. This zone represents a significant level where the price may find support based on historical buying activity. This zone coincides with the base of the prior bullish breakout, indicating a potential area for renewed buying interest.
3. Momentum and Trends:
Recent candles indicate a loss of upward momentum with successive bearish candles.
The price could revisit the marked Daily Zone as part of a corrective move before resuming its upward journey.
4. Market Sentiment and Potential Movement:
A correction to the Daily Zone could attract institutional buyers, providing the necessary momentum for the next upward rally.
A break below this zone may invalidate the bullish bias, pushing the index towards lower levels.
Projection and Strategy:
Bullish Scenario: If the price reacts positively within the Daily Zone, it may target 44,750 and subsequently retest 46,500.
Bearish Scenario: Failure to hold the Daily Zone could see the index testing levels around 42,000 or lower.
Conclusion:
Traders should monitor price action near the Daily Zone for confirmation of reversal signals. It is a critical area for decision-making, aligning with strong technical support and past buying interest.
US30 - Short SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels.
In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level lower.
But to take more statistically more probable trades we should wait for some time of lower timeframe confirmation. For me the best way to confirm higher timeframe context is structure.
We can notice the break of market structure (sign of weakness) on key liquidity level, so there is a higher probability to see price lower at least on opposite level (marked lower).
Your success is determined solely by your ability to consistently follow the same principles.
US30Went bearish on the us30 as price is going as expected firstly , secondly every rule I have for trading continuations is met. Now I just have to wait and see how the trade develops.
Dow Jones counter trend sellThe Dow jones. has performed well recently but is showing signs of a pullback on higher time frames, such as the weekly and monthly charts. It's wise to allow this pullback to play out and prepare for buying opportunities once it stabilizes.
