Uptrend According to the behavior of the index in the current resistance range, possible scenarios have been identified.
A corrective trend is expected to form and advance to the indicated support levels
DJI trade ideas
Prepare to short US30 - read belowTeam, I am preparing to short US30 once the price pull down toward 41165, then I would set stop loss at 41260 with target at 40930-40876
Option 2 - If the US continue uptrend, wait until it hit 41230 ranges, then SHORT, with stop loss at 41285, while target at 41115, then 40930.
DYOR
DJI 8/26~30 LONG Forecast
1D Chart / LONG
Technical Grounds
-NV > +250M
-TV Strong buy
-LinReg Pearson <0.95
-Pivots HL still Long-Green
-LinReg > 90 degrees (uptrend)
-Reverse Head & Shoulders Formation
-NV shows a declination trend of negative bars
-Price crossed up SMA100, SMA20 & LinReg Mid Line
-Price crossed up index resistance on past Aug 15th
-Price level far from cyclic ending point of Sep 13th
-POLITICAL FACTOR: Elections coming / +Media Influence
-Fed announcing interest rate cuts (as political influence in elections / investors mindset)
SHIBUSDT / LONG ....
DJI - Key Resistance Zone 4 HourDJI has entered a key resistance zone of the 4 HOUR time frame.
There are 3 likely scenarios. A,B,C on the chart.
We are waiting for a definitive move on the charts, we are looking for a BREAKOUT, either BIG VOLUME breaking the resistance level, or a REJECTION of the resistance level, followed by great volume.
The third move that could be made is ACCUMULATION / RANGING. Where there is little to no volume with no definitive move, we will NOT ENTER if this is the case.
US30/DJ30 Bullish Robbery Plan on Long SideMy Dear Robbers / Traders,
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Dow Jones Industrial Average (DJI)Within A 100K Account Balance The Split On Trade & Risk Management = 1/10% - 1/20% Margin As An Execution Range, To Set Up An Order Entry And Select A Per Trade-On-Average, To Avoid Any Drawdown Hit Regarding To Stop Loss & To Execute Risk On Management Specifics. Trail Stop Efforts Are A Focus Of Attention To The Set Up In General When Volatile-Price-Action Is Involved, Mainly Because Of The Usage Of An Intraday-Scalp-Position Tool On Behalf Of The Trade Plan In General
Key Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set Up
3. Break & Retest Set Up
Active Sessions On Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
* Weekend Crypto Session
Summary On Session
At the close in NYSE, the Dow Jones Industrial Average added 1.14% to hit a new 1-month high, while the S&P 500 index climbed 1.15%, and the NASDAQ Composite index climbed 1.45%.The best performers of the session on the Dow Jones Industrial Average were Home Depot Inc (NYSE:HD), which rose 2.80% or 10.23 points to trade at 375.59 at the close
Meanwhile, Goldman Sachs Group Inc (NYSE:GS) added 2.34% or 11.67 points to end at 509.42
and Intel Corporation (NASDAQ:INTC) was up 2.16% or 0.44 points to 20.54 in late trade
The worst performers of the session were Procter & Gamble Company (NYSE:PG), which fell 0.58% or 0.98 points to trade at 169.17 at the close. Visa Inc Class A (NYSE:V) declined 0.20% or 0.55 points to end at 267.40 and Merck & Company Inc (NYSE:MRK) was up 0.04% or 0.05 points to 116.60
# TREND | TIME FRAME CONDUCTIVE - 1D
- General Trend
- 20 & 200 EMA | Confirming Long Support
- Extension & Retracement At Principle Levels
# MID-TERM BIAS - 4H
- General Trend | Intraday Sentiment | Long
- HH & HL
- Flat Top/Bottom
- Retracement & Extension
- Measurement On Session | Weekend Preparation
Conclusion | Trade Plan Execution & Risk Management On Demand
Dow Jones Industrial Average (DJI) | Overall Consensus | Buy
Dow Jones Index (US30): New All Time High Soon?!
US30 may update the all time high soon.
The market closed, testing a major daily structure resistance
based on a current all time high.
A bullish breakout of the underlined blue area will give us a strong bullish signal.
A bullish continuation will be expected at least to 42000.
❤️Please, support my work with like, thank you!❤️
US30 long term investment I don't have to share this post over n over again you only need to buy n hold following this set up in billion set ups, let's complete the set up am not gonna react by small moves that was happening during the week but I have targets to reach it doesn't matter how it takes what is matter is money management n patience,don't overthinking n goo against clear trend cz of small rejections focus.
US30 │ DJI │ 26 -30 August 2024
- Daily timeframe
The last break of structure was bearish and we are sitting in the supply zone responsible for that break of structure. Will we see a sell off or a new high? Let’s look to the four-hour timeframe for hints.
• Bearish bias
- Four-hour timeframe
The last break of structure is bullish, now putting aside my thoughts and just looking at the market, the four-hour timeframe is likely to break its weak high
• Bullish bias
- 15-minute timeframe
The 15m timeframe is aligned with the four-hour so I firmly believe that the market may want to revisit the weak high and potentially break the daily strong high.
• Bullish bias
How do I come to a bias conclusion?
I look at the swing structure; if it is bearish, I conclude a bearish bias
©Austin Palmer for FONOS Fx, 2024.
US30 4H / Continuation to 40030 and then...Equities Rise as Fed Minutes Indicate September Rate Cut Likely
Current Technical Outlook:
The trend suggests a potential upward movement as long as the price stays above 40,860. The market is expected to consolidate between 41,030 and 40,850 until a breakout occurs.
Bullish Scenario:
Stability above 40,850, could drive an increase toward 41,030, with further gains potentially leading to 41,345.
Bearish Scenario:
Should the price reverse and stabilize below the pivot line at 40,800, a bearish trend may emerge, targeting 40,480 and 40,320.
Key Levels:
Pivot Line: 40900
Resistance Lines: 41030, 41345, 41600
Support Lines: 40800, 40660, 40470
Expected Trading Range Today:
The price is likely to fluctuate between support at 40800 and resistance at 41130.
Trend: Upward movement.
US30 Bearish trend continuesPrice still hasn't been able to close above 40.970 and continues to reject.
The lower time frames confirm bearish candle patterns.
Looking to see yesterday's low taken out before the bearish trend continues.
Don't miss the great SEE Opportunity in US30The chart predicts a bearish reversal from the identified selling zone near 41,000, with potential targets around 40,820 and 40,780. The arrows indicate the possibility of a downtrend following the price's interaction with the selling zone.
This analysis suggests that a short position might be considered if the price shows rejection in the selling zone. However, monitoring the market closely for confirmation signals before executing any trades is always important.
PREPARE TO SHORT THE US30 at 40915 - wait for confirmationI am waiting for the confirmation - Current market price at 40928, im waiting for price drop down to 40915. My target will be at 41069, target 1 at 40756, and target 2 at 40612. Please note: please wait for the FED speech after 5-10 minutes. It would give more clear direction on the markets trend.
If the price reach above 41070, then we would wait for to short the market at 41235-45 (with stop loss at 41285, while target would be around 40990 and 40867
Dow30 - US30 Faces DownturnBLACKBULL:US30 has returned to a crucial resistance zone, which aligns with a bearish technical setup. After the recent decline, this move back to the resistance suggests that a further drop may be imminent, especially if the index fails to break above this zone. The pattern indicates that TVC:DJI could start its downward trend again following a retest of this level, where sellers are likely to re-enter the market.
Fundamentally, the rising unemployment claims in the U.S. have heightened fears of a recession. With more individuals out of work, consumer spending could slow down, which negatively impacts corporate earnings and the broader economy. This situation could exert additional downward pressure on the Dow Jones, making the possibility of a significant decline more likely as investors brace for potential economic contraction.
Us30 Long We are still bullish on Us30. It has dropped to come and gain momentum we might see a great push during NY open.
Futures Rise as Markets Focus on Powell’s Jackson Hole SpeechFutures Climb as Investors Eye Powell’s Jackson Hole Speech
U.S. stock index futures rose on Friday, with market participants eagerly awaiting Federal Reserve Chair Jerome Powell's remarks at the Jackson Hole Economic Symposium. Investors are looking for hints regarding future interest rate cuts in the world’s largest economy.
Current Technical Outlook:
The price action suggests a potential move towards 41,030 if it can stabilize above 40,860. Conversely, sustained trading below 40,800 may signal the start of a bearish trend.
Bullish Scenario:
If the price holds above 40,850, it could drive gains toward 41,030. Further momentum might extend the rally to 41,345.
Bearish Scenario:
A reversal and stabilization below the pivot line at 40,800 could trigger a bearish trend, with downside targets at 40,480 and 40,320.
Key Levels:
Pivot Line: 40,850
Resistance Levels: 41030, 41345, 41600
Support Levels: 40660, 40470, 40320
Expected Trading Range Today:
The price is likely to fluctuate between support at 40,320 and resistance at 41,170.
Check the trend It is expected that after some fluctuation, a trend change will be formed and we will see the beginning of the downward trend.
If the indicator crosses the resistance range, it will advance to the green resistance range.
Is the retracement over?22/08/24
Today price reached it's highest point 41,814.4 after which it sold down to 40,598.6 signalling a 10H HL as a new type of low. This sell off as a new 23H LH aligned perfectly as point C on a bearish trend line where price previously signalled a 23H HH and 23H LH. Therefore it is fair to think that we are entering into a bit of a retracement before heading to new ATHs.
So what happens next?
Although price sold down to 40,598.6 signalling a 10H HL as a new type of low I do not believe that the retracement is over as the 8H and the 9H TF are without a HL signal. If the 10H is the biggest TF to signal a HL this means that all the timeframes below must have their respective low points signalled as well. Therefore my bias remains bearish until all the TFs are properly aligned.
LH and LL points define a downtrend. Price sold down 40,598.6 signalling a 10H HL as a new type of low. After which price has been buying up and currently signalling a LH on the 1H TF.
Using my fibs on the 1H TF this LH can continue bullish to 40,876.8 at the 61.8% retracement level and the MAs before resuming down to signal a new LL and possibly a 23H HL.
As long as price remains below the bearish level of resistance at 40,955.3 then the downtrend is still valid.
US30 Market breadth EMA50 [INVESTIC]
Introducing the 50-day Exponential Moving Average (EMA) Market Breadth for the Dow Jones Industrial Average (DJIA). This tool is designed for traders who want to assess the market’s short- to mid-term momentum with precision. By tracking how many of the 30 Dow Jones stocks are trading above their 50-day EMA, the indicator gives a clear view of market strength or weakness over a moderate timeframe.
Traders may use the indicator to identify and confirm the market's medium-term trends. It strikes a balance between the sensitivity of shorter-term indicators like the 20-day EMA and the long-term perspective of the 200-day EMA. Displayed as a histogram ranging from 0 to 30, this indicator provides a quick and effective way to see how many Dow Jones stocks are maintaining their trends over this mid-range period.
🔶Usage
The 50-day EMA Market Breadth is incredibly versatile, catering to different trading styles. For example:
Intraday Trading:
While the 50-day EMA is more commonly associated with swing or mid-term trading, intraday traders can still use this indicator to confirm the broader market trend, which is crucial for trading with confidence throughout the day.
If the majority of stocks are above their 50-day EMA, it suggests strong underlying momentum. Use this information to support your intraday trades in the direction of the trend. For example, if the histogram shows 20 or more stocks above the 50-day EMA, you might prioritize long positions, knowing that the overall market sentiment is positive. Conversely, if the histogram is low, it may be better to focus on short positions or be more cautious with longs.
Swing Trading:
For swing traders, the 50-day EMA Market Breadth Histogram is a key tool for timing entries and exits within the market's medium-term trends.
You can monitor the histogram regularly to gauge whether the market is supporting your swing trades. If you notice the histogram starting to decline, consider tightening your stop losses or scaling out of positions, as this may signal weakening momentum. Additionally, use the histogram to confirm breakout trades or to stay in trades that are running strong, ensuring that you are aligned with the market’s mid-term direction.
Longer-Term Trading:
Long-term traders can leverage the Market Breadth to gain insights into the market's medium-term health, helping to fine-tune their long-term strategies.
Use the histogram as a barometer for market strength when making decisions about your long-term portfolio. A consistently high histogram suggests a strong mid-term uptrend, which could reinforce your conviction to hold or add to long-term positions. On the other hand, if you see a sustained decline in the histogram, it may be a signal to reassess your portfolio and consider implementing risk management strategies. The indicator can also help you identify potential market lows, when you see the number of stocks on the histogram goes near bottom.
No matter your trading style, the 50-day EMA Market Breadth Indicator offers a comprehensive view of market momentum. By integrating this tool into your daily, weekly, or monthly analysis, you can make more informed decisions that align with the prevailing market trends.
US30 Market breadth EMA20 [INVESTIC]Introducing our Market Breadth Indicator for the Dow Jones Industrial Average (DJIA), based on the 20-day Exponential Moving Average (EMA). This tool is designed for traders looking to gauge short-term market sentiment and momentum within the Dow. By tracking how many of the 30 Dow Jones stocks are trading above their 20-day EMA, this indicator offers a quick and precise snapshot of the market’s short-term strength or weakness.
Traders can use this shorter-term market breadth indicator to identify emerging trends, confirm the direction of the market, and make more timely trading decisions. The 20-day EMA provides a more responsive view of market conditions compared to the longer days EMA, making it ideal for traders focused on capturing near-term movements. Displayed as a histogram ranging from 0 to 30, the indicator helps you quickly assess how many Dow Jones stocks are in a bullish or bearish stance over the short term.
🔶Usage
The Market Breadth based on the 20-day EMA is perfect for traders of all styles, from those who thrive on fast-paced intraday action to those with a longer-term view. Here’s how you can apply this indicator in different trading scenarios:
Intraday Trading:
Market Breadth is a powerful tool to spot shifts in momentum throughout the trading day. As the market moves, the histogram will quickly reflect changes in the number of stocks trading above their 20-day EMA, helping you identify potential entry or exit points.
As an example, this tool can be use to find short-term lows or peaks. As the histogram rises above the green zone in the session it may indicate increasing buying pressure, suggesting opportunities for quick long positions from the low.
Also it can help spot potential rebound in the near term, for example, a rising number of stocks while the index declines could signal a quick short-term trades.
Swing Trading:
Swing traders can use the Market Breadth to time trades more effectively within short- to medium-term trends. When the histogram is consistently high, it indicates that the majority of Dow stocks are experiencing short-term uptrends, making it a favorable environment to hold onto positions. However, if the histogram starts to drop, it may be an early warning that the trend is losing strength, prompting you to consider exiting or tightening your stop losses. This indicator helps you stay in tune with the market’s short-term direction, optimizing your swing trade entries and exits.
Longer-Term Trading:
While the 20-day EMA is more commonly associated with short-term analysis, it can still be valuable for longer-term traders who want to keep a pulse on shorter-term market movements. By monitoring the Market Breadth over weeks or months, you can spot when the market is reaching its peak or its low on a shorter timescale.
The 20-day EMA Market Breadth is a versatile tool that provides actionable insights across various trading horizons. Whether you’re looking to capture quick intraday moves, time your swing trades with precision, or keep an eye on short-term trends as part of a longer-term strategy, this indicator is designed to enhance your market analysis and trading decisions.
US30 My Technical AnalysisUS30 Forming an Elliott Impulse Wave. Risk at your own risk a.k.a Risk management :)
