US30 Will Go Lower From Resistance! Sell!
Take a look at our analysis for US30.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 44,614.35.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 43,793.35 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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DOWUSD trade ideas
US30 TODAYUS30 TODAY for me is very potential to move very big move UP
Look on Daily there is very strong bullish structure
On H4 and H1 i see first something to change to UP
us 30continuation to upside previous high of the market, and possible having a retracement below at area of breaker creating a mitigation block for a continuation momentum
us30 liq sweep US30 created a gap over the weekend that still needs to be filled. This gap serves as the take profit target. However, it could rebound around 44,500, so consider taking partial profits or moving the stop-loss to break-even. The trade rationale was a liquidity grab followed by a break of structure, aligning with a fair value gap. This indicates a solid setup with an excellent risk-to-reward ratio.
US30 downThe Dow Jones Industrial Average (DJIA), also called “Dow Jones” or “the Dow” is a price-weighted average of 30 significant stocks traded on the New York Stock Exchange (NYSE), approximately two-thirds of which are represented by companies producing industrial and consumer goods. “Price-weighted” means that each company is assigned a weighting based on its stock price. It was created by The Wall Street Journal editor Charles Dow in 1896.If the DJIA rises by 10 points comparing to yesterday, it means that the cost of purchasing the 30 stocks in the index today is $10 higher than purchasing those same 30 stocks yesterday, taking into account stock splits and dividends.
Over time, the DJIA can be used as a benchmark for the economy
US30 SELL ANALYSIS RISING WEDGE PATTERNOn US30 price there is a rising wedge that form which means price is likely to fall more if line 43459.5 break and trader should go for SHORT and expect profit target of 42566.2 and 41245.2 . Use money management
US30 30MIn the Dow Jones analysis on the 30-minute timeframe,
I plan to sell at the price of 44,900 against the trend.
After a price correction, the market is expected to rise toward the target of 45,720.
At that level, I anticipate a downward trend. The main direction bullish.
US30 us30 is bullish and this is my technical analysis. based upon it respecting the 38.2 PRZ the first project is 27.8
Buyers are back!A great discount on D tf. It also made a consolidation and a higher low. Hence I see only buyers here!
uptrendIt is expected that the continuation of the upward trend will form until the specified resistance levels. If the index crosses the green support zone, the above scenario will be invalid
US30 - Dow Jones Industrial Average IndexThis is primarily a trade recap on the previous buy oportunity i posted a few days ago. we took a loss on the first entry that we placed, but we went back in to fullfill the same trade idea and it eventually popped off in our direction. big blues now, trade is at a good profit level. stay tuned for more ideas.
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.
Dow Jones Industrial out of GasWhen I started with trading over 3 decades ago, I was told that the DJI is often the forecaster of the bigger market direction.
This week, it looks like the DOW is out of Gas.
Struggling at the U-MLH indicates the need to find balance. Balance is at the Center-Line, so DOW(n) we go.
With end of year staring at us, it's time to reduce exposure, or at least adding to the Portfolio hedge, specially when VIX is low.
DJIDJI - Dow Jones
Completed " 12345 " Impulsive Waves
Break of Structure
RSI - Divergence
Bullish Channel as an Corrective Pattern in Short Time Frame
RSI - Divergence
US30 SELL SETUPCurrently we are looking at us30 above the highest point of the market. once the price closes back inside the zone , I will be looking for price to close the gap back to the previous higher low structure.
US30 US Election Rally Buy US30 @ 41850 - 41780🏦US30🏢 US Election Rally
💎Buy US30 @ 41850 - 41780💎
Tuesday 11/05/2024 07 PM
41640 StopLoss —>
41855 BreakEven+
Scalp
TakeProfit 1: 41870
TakeProfit 2: 41890
TakeProfit 3: 41910
Daily
TakeProfit 4: 41930
TakeProfit 5: 41950
Swing
TakeProfit 10: 42050
TakeProfit 20: 42250
TakeProfit 30: 42450
Position
TakeProfit 50: 42850
TakeProfit 100: 43850
TakeProfit 200: 45850
TakeProfit 300: 47850
Richard Eyo ~ The Wizard 🧙♂️
US30 / UNDER GDP NEWS / 4HUS30 / 4H TIME FRAME
HELLO TRADERS
As long as prices remain below the All-Time High (ATH) and confirm the downward trend observed yesterday, the market continues to trade under downward pressure. If prices fail to break above the Adjusted Resistance High (ARH) at 44,950, they are likely to decline further toward 44,514 and 44,170, with a key support level at 43,817. Conversely, breaking above the ATH could suggest a move toward new historical peaks. Overall, the current market is trading within a bearish framework.
Bullish rise off pullback support?US30 has reacted off the pivot and could rise from this level to the 38.2% Fibonacci resistance.
Pivot: 43,323.34
1st Support: 42,707.43
1st Resistance: 43,777.16
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The Great Depression in an historical perspective.Just a screen to show how in-consequential the great depression looks as per todays market, and how much the markets have grown from then.
US30 BUY OR SELL?Trading is time sensitive, you still sleeping?
YELLOW-previous monthly low and high
BLUE-previous weekly high and low
GREEN-previous daily high ang low
As observed we are trading in a dip.
Dips can be a little confusing, and cause not only frustration but loss of capital invested.
The best way to trade a dip is to be patient, highlight your high and low and keep in mind that most buys happen at lows and most sells at highs.
With this in mind, one needs to have a clear picture of what happened at the beginning of the month and what is happening today.
In this case;
1.Price bought low at the monthly.
2.Price is trading at a monthly high.
3.Price is trading at a weekly low.
4.The daily candlestick closed above both the monthly high and the weekly low.
**For one to buy, price has to sell first, wait for a sell before buying.
Lastly, understanding what you are trading, if Donald Trump is behind it rest assured you should BUY. You just need to know when by observing the daily candlestick.
The best place to buy would be below 43330.4
Price Action Analysis: Resistance Test and Bearish TargetsTechnical Analysis
Today's price is expected to test the resistance zone before initiating a bearish movement.
However, as long as the price remains below 43,620 and 43,760, it is likely to drop towards 43,350 and 43,210. A break below these levels could extend the downward move further to the 42,770 area.
Key Levels:
Pivot Point: 43600
Resistance Levels: 43720, 43900, 44110
Support Levels: 43350, 43210, 42970
Potentially short set-up US30As you can see in the picture, on 12th November I shared my short setup on US30 and it hit my TP. Now after a small bounce, if i see a rejection sign at the level I'm watching, I'm planning to open another short position to target lower levels, as shown on the chart. Why? Because we've already seen 1.2.3.4.5 Elliot wave impulse on the daily and I'm expecting an ABC correction to follow, I'm waiting now. If it go higher than where I want to see a rejection this trade is invalide then for me. When I go In I will let it know.
US30 H4 | Bullish ContinuationBased on the H4 chart analysis, we can see that the price is falling to our buy entry at 44,519.67, which is an overlap support.
Our take profit will be at 45,532.41, aligning with the 161.8% Fibo extension
The stop loss will be placed at 43,382.83, which is a pullback support level.
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