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US30 trade ideas

US30 - 4H DowJones is in a pullbackThe Dow Jones Industrial Average (DJIA) is currently facing significant bearish pressure, as indicated by recent market trends and technical analysis. The support trend line has broken, leading to a notable drop in the index. This break, coupled with a clear pullback, presents an opportune moment for traders to consider short positions with a logical stop loss. From a fundamental perspective, the rising rate of unemployment and the postponement of interest rate cuts are increasing the chances of a recession. These economic indicators suggest that the market could experience further declines as investors react to the potential economic downturn.
CAPITALCOM:US30Short
by Sober_Trading
Rally base drop set-up out lookUs30 Looking at selling opportunities upon the retest of the daily supply zone formed at 41 115, we are trading in our 2nd wave/retracement phase towards the mentioned supply zone. This zone has to be visited within 30 days and price must not close above it. Closing above this zone will invalidate our setup. We will be targeting the recently formed swing low at 38 408. It must be noted that we do have a technical zone which is looked at by most retail traders as a break and retest zone at 39 886. We will monitor price action at this zone for any reversal patterns targeting the swing low mentioned. This is as drop base drop setup and the zone on top is a rally base drop set up which has a higher success rate when trading supply and demand setups. We do have an inner 4hr/1h Supply zone at this area which increases our probability for a profitable trade.
OANDA:US30USD
by cpointfx
DOW JONES Is a new rally starting right under our nose again?Consistent with our macro approach to investing (particularly with stocks), we continue to address the recent stock market correction by examining similar behavioural patterns of the past. It was 10 months ago (October 11 2023, see chart below), when Dow Jones (DJI) was under another short-term turmoil phase that turned out to be exactly that, short-term: As you can see on that chart, while most were panic selling, we addressed the idea that Dow was "starting a new Bull rally under our nose". And as you can see, the index did exactly that, as it rebounded at the bottom (Higher Lows trend-line) of the Rising Wedge, starting a new +23% rally. Our basis for this projection was the similar Rising Wedge pattern of September 2015 - November 2016 (almost 1 year), which after a fake-out for the week hands (green circle) on January 2016 (as it was on October 2022), it rebounded in October 2016 at the bottom of the Wedge and posted a +19% rally. You can see that so far the lows are highly symmetrical as the first was priced in the month of October (2016 then and 2023 now) and the next in April (2017 and 2024 respectively). The initial rally that broke above the Rising Wedge in 2017, had a small upward extension that then gave a new pull-back for an August 2017. If symmetry continues to dictate the price action, then the current August Low (2024), may be our new bottom as Aug 2017 was. On the past fractal, the new rally was concluded on a +30.72% rise. As a result, we see it highly possible to get a new long-term peak early next year (January 2025 if symmetry continues) at around 49000. High as this Target may seem at the moment with the current economic slowdown fears, these are the standard conditions that make rallies start "under our nose".. Especially as November's U.S. elections are approaching. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DJILong
by TradingShot
US30 Neutral today but expecting price to head upwards longtermI believe that there is no clear cut setup for US30 at the moment. A daily closure would give the best signal for what it is going to happen. However, I believe that price will go upwards long term. Here is why; - Price broke below 40,000 which is a massive weekly region with a lot of bearish momentum. - Price has not retested 40,000 and I believe we will see a retest in the near future. - Price went as low as 38,500 where we can see that is the region where most of the bullish orders were filled. 39,000 is also a notable region where orders were filled. - As of this morning, price is trapped between 39,100 and 38,500. Until I get a full daily closure above 39,100 then I will know whether to buy or sit on my hands. My thesis as of now is that there is no clear bias to jump on today and that it is best for me to sit on my hands as I wait for price to make a comprehensive decision. I will update if there are any changes during the day.
FX:US30
by kingmwenja
Less Go OMNASDAQ:OM | @MANTRA_Chain 🕉️ ✔️RSI shows bullish divergence (That's when the price goes down but the RSI goes up - could mean price might go up soon!) ✔️Bitcoin is picking up and altcoins usually follow. I think NASDAQ:OM is the safest bet because it's staying strong while other coins keep dropping. ✔️80% of NASDAQ:OM is off exchanges - that's huge! ✔️90% of coins are unlocked, so no surprises from big investors selling ✔️30% of coins are staked, showing people believe in it Bottom line: NASDAQ:OM looks ready to pop! But remember, crypto is risky - only invest what you can afford to lose. #MANTRA #RWA #Tokenization #BullishAF
TVC:DJILong
by m_yousuf1948
US30: Day 3 short traders in the marketHi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you! “Trade setups, not movements” 1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion) Monday DAY 1 Opening Range Tuesday DAY 2 Initial Balance ✅ Wednesday DAY 3 (reset DAY 1) Mid Point Week Thursday DAY 2 Friday DAY 3 Closing Range 2. SIGNAL DAY First Red Day First Green Day 3 Days Long Breakout 3 Days Short Breakout Inside Day 3. WEEKLY TEMPLATE Pump&Dump Dump&Pump ✅ Frontside Backside 4. THESIS: Long: primary, potential signal of reversal, day 3 short traders in the market, closed yesterday out of balance (out of previous daily level). I would be interested in a long position if the market will hold the consolidation till indexes opening at 9:30am NY time. Short: secondary, when a market is out of balance can stays out of balance, it can still blowing down in the direction of the main trend. Why Im not interested at the moment? because I let the 3 session setup to drive my main thesis, and at the moment the setup is long. Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement. Gianni
PEPPERSTONE:US30Long
by GianniPichichero
16
US30 / Global Stocks Decline as Investor Sentiment SoursStocks Drop as Early Relief Fades Global stocks retreated on Tuesday, surrendering earlier gains as the uncertainty from the previous day's aggressive selloff weighed on investor sentiment. This occurred despite central bank officials making reassuring statements to calm the markets. Current Outlook: The price is trading in a critical zone, indicating potential breakout movements between 38,770 and 39,130. A decisive move in either direction is required to establish a clear trend, with a greater likelihood of a downward movement. Bullish Scenario: - Stability above 39,130 could signal a bullish trend, targeting 39,360 and 39,510. Bearish Scenario: - A bearish trend would be confirmed by stability below 38,770, with a 4-hour candle close below this level, aiming for targets of 38,380 and 37,800. Key Levels: - Pivot Line: 38,770 - Resistance Levels: 39,130, 39,350, 39,550 - Support Levels: 38,450, 38,100, 37,790 Today's Expected Range: The price is anticipated to fluctuate between the support at 38,450 and the resistance at 39,130.
OANDA:US30USD
by SroshMayi
DOW JONES INDEX│ US30 │ 5 – 9 August 2024 - Daily timeframe Swing structure is bullish, however price is in a corrective phase and tapped into discount, the only question remains is whether this correction will continue or if price will turnaround at this point to continue its bullish price action • Bullish bias - Four-hour timeframe Focusing on the last leg of the daily internal structure, we can see that the four-hour timeframe is bearish; we however can see a fractal pullback. Will this lead to the overall trend continuation or just an internal pullback? Time will tell • Bearish bias - 15-minute timeframe Zooming in on the four-hour fractal pullback, we are waiting to see if we will change character to the upside or continue bearish. • Bearish bias ©Austin Palmer for FONOS Fx, 2024.
OANDA:US30USDLong
by Austin_Palmer
2
Crash InboundAfter what seemed eternity, stocks have topped across the board, never ending rallies, fed on nothing but hope that the Fed will cut, we repeat, the Fed does not or will not cut until the economy is in recession. Red warnings have been here for months, volume this past week was way above average in the heavy selling. Folks are getting out of the Nasdaq hyped mania, it's not just rates that is causing the shift, geopolitical events are about to materialise into quite probably some severe market chaos or crash in the weeks and next few months. Our idea back in June called for the "Mother Of All Shorts" to beckon, it is here now! It is difficult to believe that 15 years have past since the last great crash, nothing but phoney debt, manipulation and downright recklessness. But they do not care about what is unfolding, we repeat that they make it look like not their doing. Why is gold surging to record highs?...safety and sniffing out trouble on a scale never seen is approaching. All it will take to blowup this market is an event to blame. Whether it's the Middle East or Russia's blame, it's coming inbound fast. The trend line has broken, perhaps we get a small bounce from here, if so, short what you can...years worth of long gains can be wiped out in a few weeks. Get on the right side of this market or get out. Appreciate a thumbs up, good trading and God Bless you all!
CAPITALCOM:US30Short
by Fractal777