DJIA trade ideas
Analyzing Symmetrical Triangle Breakouts: A Bearish Setup for USUS30, representing the Dow Jones Industrial Average index, is currently trading at 42,500 with a target price of 41,500, indicating a bearish outlook. The price action is forming a symmetrical triangle pattern, a technical setup that reflects market indecision as it consolidates within converging trendlines. This pattern typically precedes a breakout, which could occur in either direction, though in this case, traders are anticipating a bearish breakout. A decisive move below the triangle's lower trendline would confirm the breakout, signaling a continuation of the downward trend. Once the breakout is validated, the price is expected to head toward the target of 41,500, offering a potential opportunity for short positions. Confirmation of the breakout is essential to avoid false signals, and traders should watch for strong momentum and volume supporting the move. This setup highlights the importance of monitoring key technical levels to capitalize on market movements.
US30 Bullish Breakout! BLACKBULL:US30 made a bullish
Breakout and is consolidating
Above the broken falling resistance
Line so we are locally bullish
Biased and we will be
Expecting a further move up !
Potential bullish rise?Dow Jones (US30) has reacted off the pivot and could potentially rise to the 1st resistance which is a pullback resistance.
Pivot: 42,239.75
1st Support: 41,800.58
1st Resistance: 42,858.37
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Falling towards 50% Fibonacci support?Dow Jones (US30) is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance which is an overlap resistance.
Pivot: 41,604.84
1st Support: 40,023.54
1st resistance: 43,3309.76
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.
DJI - Testing Key Demand Zone – Potential Buy OpportunityThe DJI is currently trading near a key demand zone. This area aligns with previous price reactions, suggesting that buyers may step in to defend this level.
The market structure indicates a potential for a bullish reversal if the demand zone holds and price action confirms support. A successful bounce from this level could lead to a move toward the 42,812.75 level, which represents a logical target for this setup.
Traders should monitor for bullish confirmation signals, such as bullish engulfing candles, long lower wicks, or a breakout above short-term resistance. This setup aligns with the idea of a trend continuation from support and offers a potential opportunity for a long position.
What are your thoughts on this analysis? Let me know if you agree with this setup or have alternative insights to share! Feel free to comment below!
NAS100 We looking for short term buys alongside the long term sells to continue with the momentum of the Channel| 1 HR TIMEFRAME
DowJones/ Key Levels to Confirm Bearish MomentumUS30 Technical Analysis
The price needs to stabilize below 42,770 and 42,590 to maintain the bearish trend toward 42,380 and 42,130, particularly if a 4-hour candle closes below 42,590.
For a bullish trend to emerge, the price must break above 42,770, with the next target at 43,200.
Key Levels:
Pivot Point: 42590
Resistance Levels: 42770, 42980, 43210
Support Levels: 42380, 42130, 41970
Trend Outlook:
Bullish Trend: Above 42,770
Bearish Momentum: While below 42,590
DOW JONES giving a buy opportunity on this correction.Dow Jones / US30 pulled back today and remains under its 1day MA50 for 20 days straight.
Despite this weakness, this is technically a bottom formation of the Channel Up.
As long as the 1day MA200 holds, the long term trend is bullish.
Technically, it is similar with the Channel's first correction, which also pulled back by almost -7%.
The 1day RSI is printing the same bullish divergence as then, which cause the price to rebound immediately and hit Resistance A.
Buy and target 45000.
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US30: Bearish Momentum Below 41,970 with Key Levels to WatchUS30 Technical Analysis
The price has stabilized in bearish momentum after closing below 41,970.
As long as the price trades below 41,970, it is expected to drop to 41,740, with a further decline toward 41,560 if this level is broken.
Conversely, a 1-hour candle close above 41,970 could push the price to 42,130. To confirm a bullish trend, the price must stabilize above this level.
Key Levels:
Pivot Point: 41970
Resistance Levels: 42130, 42400, 42590
Support Levels: 41740, 41560, 41350
Trend Outlook:
Bearish Momentum: While below 41,970
Bullish Potential: Above 41,970 (with stabilization above 42,130)
Previous idea:
2 Sells 1 dayAfter monitoring previous trade saw an opportunity for another 1:3 based on Double top on 15 min.
Major Support & Resistance Levels to Watch in Dow JonesMajor Support & Resistance Levels to Watch in Dow Jones
check the trendIt is expected that after a pullback to the resistance level and trend line, a trend change will occur and we will witness the start of a downtrend. A break of the support zone will confirm the downtrend
US30 has been building up. It's about to BuyUS30 has been building up for a few days now. I think its about to buy until around 43400.
US30 , Dawjons ! is Bullish ?this is NOT signal just my analys ! i like this ! us30 take Liquidity above last day High !
Is it possible that the US30 index will continue to decline?
I think the Dow Jones index will continue to decline and correct over the next few weeks. The first target I have for this week is clearly shown in the image.
What do you think of my analysis?
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US30 BUY OPPORTUNITY Price dropped to a support level of 41918 a buy opportunity is envisaged from the current market price. Target is 46249 level.
DOW , patiently waitTeam, i have been scalping all day with the DOW
very tuff market, but good result
but we are waiting for the resistance to break and follow the chart.
Looking for 60-150 points up tonight once it break above.
US30 Bullish Setup: Bounce from Channel SupportThe US30 (Dow Jones Industrial Average) is trading within a rising channel, indicating a bullish market structure. The price has recently bounced off the channel's lower boundary, which aligns with a key support zone around 42,000. This area has acted as a strong level where buyers regained control.
The overall trend remains bullish, as seen in the series of higher highs (HH) and higher lows (HL) within the channel. If the price forms bullish confirmation patterns, I anticipate an upward move targeting the 44,500 level.
Traders should watch for confirmation signals, such as strong bullish candlesticks or higher lows on lower time frames, before entering long positions.
Dow Jones will increase compared to SP500The chart speaks for itself, I expect about 75% increase of DJI relative to SPX. Same happened in 1995-2000.
US30- DJIA - Bullish IdeaUS30 has made a bullish RSI divergence on the 1D time frame at a key support level. Buy on confirmation above the support level. Place SL below the support.
DOW - TIME FOR RECOVERYTeam,
I hope you all enjoy the festive season and look forward for our trading success in 2025 with all of you
we are looking to enter LONG DOW at 42757-42472
STOP LOSS at 42385
Target at 42515-35—Once it hits the first target, take a partial 50%- 70% and bring the stop loss to the ENTRY LEVEL.
Target 2 at 42576-42609
