Dow JonesPair : DJI - Dow Jones
Description :
Completed " 12345 " Impulsive Waves
Break of Structure
CHOCH
RSI - Divergence
Bullish Channel as an Corrective Pattern in Short Time Frame
Order Block
WS30M trade ideas
US30 entry short at 42296-85STOP LOSS AT 42356! NOTE if it hit my stop loss, i may consider reshort with 60-70 points stop loss
TARGET 1 at 42233
TARGET 2 at 42174
TARGET AT 42142
Once the price drop below 42250, bring stop loss to 43225
if the price hit first target
bring STOP LOSS to BE
THE DOWThe DOW has came to tap my point of supply which, according to my strategy, indicates that it is time to sell.
Key Breakout at 42,290 to Determine Bullish or Bearish TrendDow Jones Technical Outlook:
The price should break 42290 to start a bullish trend till 42800,
Otherwise, as long as trades under 42290 and 42210 will be a bearish trend toward 41960 and 41775
Key Levels:
Pivot Point: 42290
Resistance Levels: 42450, 42700, 43040
Support Levels: 42080, 41960, 41770
Trend Outlook:
Bearish as long as trades under 42290
Bullish by breaking 42290
Correction It is expected that after some fluctuation, a downward trend will form and cross the support trend line. In this case, the downward trend is likely to continue. If the index crosses the resistance range, the continuation of the upward trend is likely
us30 longI'm entering now risking 100 pips & targeting 450 pips
check back my analysis months back when it was around 40 what was my analysis ..
but we are close to the end will short it soon
Will DOW – US30 Continue to Rise?When the DOW daily chart is examined; It is observed that the price movements continue in the upward trend with the formation of the inverse head and shoulders formation. It is evaluated that the index price can target the level of 44641 by passing the level of 42381 upwards in price movements above the level of 41546 as long as the level of 40094 is not broken down.
DJI, Elliott wave analysisOutlook for DJI on the 4h chart.
There have been no changes since the last update.
It looks like the waves of the lower degree are forming an Expanding Diagonal pattern.
If this scenario is correct, we are probably in sub-wave c of wave 5, and the final wave 5 within sub-wave c has started.
At the same time the final wave 5 completes, the upper-degree wave (b) will complete.
The next phase is the upper-degree wave (c). It will probably crash.
Last time, my idea:
Sep 15, 2024. Short-term analysis.
Sep 2, 2024. Middle-term analysis.
Breaking Down the 30 Noise: BULLSEYEThe US30 is currently approaching yesterday's high, suggesting a potential continuation of the uptrend or resistance for a sell. While the broader timeframe remains bullish, the pair is due for a pullback after the recent rally. The presence of a retracement at the 78.6 Fibonacci level provides a solid support level for a potential sell trade. Considering these factors, selling US30 at the current levels, with a stop-loss placed above the recent high, could be a viable strategy to capitalize on a short-term pullback.
DOW/US30 what are we going to do next. Short at 42275-42268 - only once the price confirmed. with Stop loss MUST BE at 42326
Target 1 at 42233 - always take partial
Target 2 at 42174 - bring STOP LOSS TO BE
Target 3 at 42142 These 3 are likely hit due to data come out
Target 4 at 42117.90
let's not be greedylet's not be greddy and take what the market is offering i am aiming at 1:2 risk reward.
yesterday we swept the pdh and ran the pdl..we left behind a beatiful FVG in 1h.. am taking a sell from there....cross fingers
BULLISH BIAS ON DOW JONES The markets price action has been healthy forming HH and HL and multiple breaks of a swing high the 1H bullish breaker block was respected at 41850. Price sliced through a previously tested 2h demand 42082.2 the market seems to be retracing back to that 2h demand zone. Placed my stop loss below that 200MA if the edge plays out, I'll be looking to exit at 42281.5
Shorting US30Looks good to start short here indicated to me a reversal will be shorting from here will be watching closely the news.
Happy trading
IAM
DJIA H1 | Potential bullish breakoutDJIA (US30) is rising towards a potential breakout level and could climb higher from here.
Buy entry is at 42,200.56 9 (at market) which is a potential breakout level.
Stop loss is at 41,890.00 which is a level that lies underneath a swing-low support and the 50.0% Fibonacci retracement level.
Take profit is at 42,661.89 which is a level that aligns with the 78.6% Fibonacci projection level.
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Could price bounce from here?US30 is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance which is a pullback resistance.
Pivot: 41,602.08
1st Support: 41,136.87
1st Resistance: 42,191.55
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Mid Week Analyses 25/09/24
As I mentioned in my previous posts, price would take out the highs at NSYE open before beginning its retracement. Great sell if anyone caught a sniper entry from the highs.
Following the correction today, a 10H HL was signalled at 41,917.9 as the biggest TF with a type of low. Despite signalling a 10HL, the smaller TF such as the 7H and 8H failed to signal their respective HL. Furthermore, the 10H HL did not reach the 23.2% fib level.
This indicates that there is potentially more selling to happen that we need to be aware of. Historically once a HL has not been signalled on a smaller TF but is signalled on a bigger TF, this can mean one of two things:
1. Price will resume its downtrend after signalling a LH on the smaller TF to fulfill the HL on the missing timeframes.
2. Price will make new ATHs forgoing the HL on the missing TFs, but these new ATHs will soon reach a level of exhaustion before committing to an even bigger correction.
7H chart showing no HL signalled
10H chart showing HL signalled
Going forward:
Given the current bullish pressure, I have closed my sell positions and entered a buy position since price is clearly respecting a level of support on the smaller TF.
I will monitor the bullish momentum accordingly to observe for signs of retracement.
Using my fibs, it is possible that price can signal a LH on the smaller TF at 42,149.8 - 42,205.3 before resuming its downtrend to make a LL. If not, price will continue bullish to make new ATHs forming a double top region before resuming its downtrend to form a bigger correction.
US30 SWING SELLS 26/09/24We have broken bullish ranges and created bearish range from daily, H12...Now expecting extreme pullback into extreme supply within bearish range. Best sells can be taken from 42200 to 42300 then hold all the way down to max TP @40650
US30 - LETS THE BEAST RUN BACK HOMERUNLong USD at current market price 41934-46
STOP LOSS AT 41942
TARGET AT 41988
TARGET AT 42023
TARGET 42082
Once the 1st target hits , move stop loss to 41875
Once the price break above 42000 then move stop loss to BE
Dow Jones Industrial Average (US30) - 1D Chart AnalysisThe Dow Jones (US30) is in a strong uptrend, nearing a key resistance zone around 41,886 USD. Fibonacci analysis highlights critical levels that can help identify potential support and resistance zones.
Meanwhile, the TDIGM indicator signals overbought conditions, suggesting a possible short-term correction.
Key Levels:
Resistance: 41,886 - 42,313 USD (Fibonacci -0.272 extension).
Support: 40,594 USD (Fibonacci 0.236) and 39,701 USD (Fibonacci 0.5).
Critical Lower Zone: 38,009 USD (previous significant low and potential correction target).
Technical Indicators:
The TDIGM is showing overbought conditions, with lines above the 60 mark, indicating that the market may be nearing exhaustion.
Price is slightly above the support-moving average, implying the uptrend is still intact but could face selling pressure at current levels.
Investment Strategies:
1. Short-term Sell Strategy (Correction Bet):
Sell Entry: Between 41,800 - 42,000 USD, anticipating a correction after the recent rally.
Stop Loss: Above 42,313 USD, to protect against an upside breakout.
Take Profit: Target support zones at 40,100 USD (Fibonacci 0.382) and 39,701 USD (Fibonacci 0.5).
2. Medium-term Buy Strategy (Support Retest):
Buy Entry: Between 39,701 - 40,100 USD, aiming for a rebound after a correction to these Fibonacci levels.
Stop Loss: Below 39,300 USD to manage downside risk.
Take Profit: Target resistance at 41,800 - 42,000 USD, with potential to extend to 42,313 USD if momentum builds.
3. Buy Breakout Strategy (Uptrend Continuation):
Buy Entry: Upon a clear breakout above 42,313 USD.
Stop Loss: Below 42,000 USD to mitigate risk.
Take Profit: Extend targets to 43,000 - 43,500 USD, forecasting further bullish continuation.
The Dow Jones (US30) is testing key resistance. Despite signs of overbought conditions suggesting a possible correction, the strength of the uptrend cannot be ignored. The strategies outlined aim to capitalize on both short-term corrections and potential breakouts, with well-defined entry and exit zones.
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DOW JONES: At the top of the six month Channel Up.Even though Dow Jones has reached the top of its Channel Up pattern, it remains on very balanced bullish technicals on the 1D time-frame (RSI = 62.120, MACD = 487.030, ADX = 32.488). Our trading plan will be based upon breakouts. As long as the price remains under the top of the Channel Up and over the dashed trendline of the August wave, it is a no action (do nothing). If it crosses above the top of the Channel Up, it's a buy (TP = 43,500) as most likely we will see an extension of the wave to a new +8.28% rise. If the price crosses under the dashed trendline, its a sell (TP = 40,900) to the 1D MA50 at least.
See how our prior idea has worked out:
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US30 ANALYSISall my us30 traders go ahead for down trend,
validation :
1.its valid till price reach stoploss point : 42458
daily trade point :
1.our trend is down
2. NY session will react with up and down like pump it first as a trap then dump it
good luck.
IT'S JUST A GOOD BUSINESS
