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DJ30 trade ideas

US30 longHere is why: - Price broke all time highs, therefore there is evidence of price going higher - The monthly, weekly and daily candlestick closures are showing evidence that price is definitely going higher. - On the 4 hour timeframe I can see that price has reached a major level of resistance. However, there is no convincing rejection, indicating that price is going higher. - I would have to wait for a convincing buy pattern, before I enter long. Therefore I am waiting for buy confluences to form on the 4 hour timeframe. Moreover, I would have to wait for the New York session before I make any move.
FX:US30Long
by kingmwenja
Breaking down Dow Jones Elliott WavesThe above chart is my main hypothesis for the Elliott Wave count of Dow Jones which represents the Elliott Wave Analysis of the Bull Market Post 2008 financial crisis. Kindly read all the details to better understand the Elliott Wave analysis and how Elliott Waves can be used to give us an edge in trading. Currently it looks like we are in an Ending Diagonal waves. The reason we are in Ending Diagonal Wave 3 instead of Wave B of ABC flat is because we are too far up now for our current market to be considered in wave B of an ABC flat. The 2008 crisis bear market was an ABC flat, if you look, we crashed at that time when Wave B was at around 138% of Wave A. I have attached sub wave structure of the rally we have seen so far after the COVID crash. I have explained my reasoning for my wave counts in the chart which you can take a look. Now moving further inside our sub waves, below chart shows the sub wave structure of the ABC wave we are in since 27 October, 2023 Further moving inside our sub waves, the chart below shows the breakdown waves of our this year move. Once all the waves shown in the below chart finish, we should see a correction towards our Post COVID peak price levels.
DJ:DJI
by syedhamza2135
1
Crash Pattern Forming on Dow Jones? Rising Wedge 2025?I was just studying my charts and I just happened to see this pattern jump out at me regarding 2000-2008 that looks so very similar to today. If this pattern is indeed going to play out for a 40% crash then I need to sell all my Long portfolio ASAP. I do not want to get caught in this Compare 2008 below to today Both have a 16 degree rising wedge pattern Again, I want to be bullish and for it to go up but if this is the pattern that is indeed playing out, I need to get out of the way. I don't want to sell my Long portfolio in anticipation of this but at the same time, I don't want to get steamrolled by this either. Why would they repeat the same pattern twice in a row is my question? Let me know your thoughts. Am I dumb for seeing this? Thank you all.
TVC:DJI
by Dow_Jones_Maestro
9
$DJI <> Rate CutsRetail investors often mistakenly believe rate cuts are bullish and will profit, but history suggests otherwise. In the last two decades, we have witnessed three major rate-cutting events that occurred a few months before market peaks, each followed by 40%+ corrections. We have observed similar patterns with retail investors becoming bullish as rate cuts are announced. Markets typically become euphoric for a few months, with retail investors buying at the top, only to experience major drops shortly after.
DJ:DJIShort
by Flow-Trading
Stock Market CrashAfter realizing my recent ideas on this were posted privately, I figured I'd post this publically and not gate-keep it, for anyone it may be able to help.. Haven't made an update of this Great Depression super cycle since 2021, but the 47,880 area I had been eyeing back then still lines up almost too perfectly. Threw in fib pulls off the 2008 and 2020 cycles too for more price action confirmation. Can the fed delay the inevitable recession long enough to get that target first?
TVC:DJI
by JustoMcGusto
1
Dow Jones to 42kThe Dow Jones trades in a gently upwards sloping channel. Having recovered from 38,400, the August low, the price rose to a fresh all-time high of 41,582 yesterday. The price hovers just below here today but is still above the near-term falling trendline support level. Buyers, supported by the RSI above 50, will look to rise above 41,582 towards 42k and fresh all-time highs. Immediate support is at 40,800, the near term falling trendline. Beyond here 40k comes into play. FC
W
by CityIndex
Idea on US30US30 normally i never trade this pair but the price action looks good. We have a great ICT set up imbalance where price could possible it can go. It's Friday and we do have a lot of news. Dow Jones is one of the most popular American indices of 30 prominent stocks listed on NASDAQ or New York Stock Exchange (NYSE). The composition of the If a company declines or loses a key role in the economy, it may leave the index Dow Jones Index changes as the U.S. economy evolves. and a new company may join it. The index excludes companies in the transportation and public sectors.
FX:US30
by EZIO-FX
Dow Jones | TAThe action that happened between 5-August through 26-August, is a classic pull-back. The last candle ended in a bearish note. Yesterday's session works as bearish confirmation based on candlestick reading. 2-3 additional red candles would give further strength to the bearish side, as this would still be considered early since only one session closed red. The move that is developing now, starting after the 26-Aug. high and with confirmation yesterday, is the continuation of the move that started 18-July 2024. The pull-back is a normal market reaction as traders look for direction, not knowing what to expect. Everything is clear now. The FED will cut rates. Cutting interest rates is the time to take profits. So, prepare for the drop. A major correction tends to precede the change in the FEDs policies. After the correction we tend to experience long-term growth due to easier access to credit; some people call it "easy money." Thank you for reading. Thanks a lot for your continued support. Namaste.
TVC:DJIShort
by AlanSantana
US30 Poised for Consolidation with Bearish Bias Below Key LevelThe price reached our targets perfectly, The US30 is expected to consolidate between 41,345 and 41,030 until a breakout occurs. Stability above 41,365 will support a rise towards 41,760. Stability below 41,365 will favor a decline towards 41,030, with a move below this level indicating a bearish trend to 40800 and 40480 Key Levels: Pivot Line: 41345 Resistance Levels: 41450, 41720 Support Levels: 41180, 41030, 40800 Expected Trading Range Today: The price is likely to fluctuate between support at 40800 and resistance at 41365. Trend: Bearish as long as the price remains below 41365. previous idea:
OANDA:US30USDShort
by SroshMayi
Possible setups for tomorrow after unemployment rate news We have filled the fair value gap from the 15 min TF. US30 has been bullish on the 1h, 4h and 1D Timeframe. Which gives us more confirmation that we might still be bullish. As i said in my last post if trend line was broken we might see a break to ATH, but for that to happen we needed high volume news, yesterday there was no news. we were bearish for the day, but yesterday makes my bias even stronger since the gap was filled and we touched a support area and then bounced on that area back up. Tomorrow at 8:30AM there is unemployment claims news, Forecast is expected to be the same as previous. If it stays the same we might see some consolidation or even bearish movements. But if claims were better than expected probability of breaking ATH is HIGH. Heres what i suggest if actual unemployment claims show up lower than previous and forecast. 1) go to 5 min TF find a good bullish entry with confirmation. 2) If and when price gets to ATH, move your SL to breakeven and take off half of your profit. 3) Keep dragging your SL 30 pips under the actual price after it breaks ATH. Remember Trading is all about increasing your probability %, nothing is 100%. So keep your risk management tight and keep an eye on it and keep your charts simple.
BLACKBULL:US30Long
by chrismogab