US30 - Technical Analysis by GivenLooking at the US30 for the remainder of the month, we are likely to see a bearish us30
US30 trade ideas
US30 4H - ATHDow Jones Index Analysis
Introduction:
As always, further analysis is required. Two possible bullish movement scenarios have been discussed, with a target of breaking the highest price (ATH).
Plan C:
Scenario: A potential drop to 44350, followed by a reversal in the main direction towards the ATH target at 47180.
Condition: This scenario is more likely if there is high volume and strong buyer power.
Plan A:
Scenario: A drop to 44350, followed by a temporary upward movement to the marked range around 45200.
Correction: Afterward, a temporary market correction to 43570.
Main Target: A reversal back to the upward trend with the goal of breaking the ATH.
Likelihood: This plan seems more probable in my opinion.
Conclusion:
Both plans suggest the potential for breaking the ATH, but Plan A is the more likely scenario.
High-accuracy analysis, amazing results!
US30 TRADE IDEA: SHORT | SELL (10/08)Price has been bullish overall. While it has been overall bullish - price hasn’t broken from its consolidation, therefore in the meanwhile we’ll take advantage of the situation. Price has broken down on the 4H TF, so we’re looking for an optimal entry. Although I have marked out FVG - I believe the uppermost order block is a great place to enter from.
RR 1 : 2.69
RR 2 : 2.95
RR 3 : 4.82
N.B.: This is not financial advice. Trade safely and with caution.
US30 Bearish M-Pattern Setup for Next Week Overview: Potential M-Pattern (Double Top) Formation
Analyzing the US30 4H chart, we might see a bearish M-pattern develop next week.
Here’s why:
🔹 Price Action: Rejection near the 0.786 - 0.886 Fibonacci zone suggests a potential reversal.
🔹 Bollinger Bands 📊: Price hit the upper band and is contracting, signaling a potential downside move.
🔹 RSI 📉: Falling from overbought and heading toward 40, confirming bearish momentum.
🔹 MACD ⚡: Bearish crossover happening, with the histogram turning red—momentum is shifting down.
🔹 Fundamental Catalyst: Next week’s economic events:
CPI Data (Tuesday) 🏦
Retail Sales (Thursday) 🛍️
Unemployment Claims (Thursday) 📊If inflation remains high, the Fed could maintain a hawkish stance, further weighing on US30.
🔥 Bearish Trade Plan 🔥
🔢 Entry Zone: 44,600 - 44,750 (Watch for rejection)
🔢 Confirmation:
✅ Bearish engulfing candle 🔥
✅ RSI below 50
✅ MACD maintaining bearish momentum🎯 Take Profit Levels:
TP1: 44,350 (0.618 Fib Level)
TP2: 43,950 (0.5 Fib Level)
TP3: 43,075 (0.382 Fib Level - Strong Demand Zone)
🚨 Stop Loss: Above 44,900 to protect against false breakouts ⚠
💸 Risk-Reward: Aim for 1:2 or better
Final Thoughts 🤔
If the M-pattern plays out, expect a bearish move next week. However, CPI data will be a key factor—stay flexible and manage risk!
🚀 Trade smart & stay disciplined! 🚀
Do not risk more than 1% of your account.
Comment your thoughts and follow for more cool ideas
Regards,
Nozuk
#US30 #Trading #PriceAction #TechnicalAnalysis #Forex #Indices #Nozuk
Dow Jones Wave Analysis – 7 February 2025
- Dow Jones reversed from the resistance level 45000.00
- Likely to fall to support level 44000.00
Dow Jones index recently reversed down from the strong resistance level 45000.00 (which has been reversing the price from November) coinciding with the upper daily Bollinger Band
The downward reversal from the resistance level 45000.00 created the daily Japanese candlesticks reversal pattern Dark Cloud Cover after the index created Bearish Engulfing at the end of January.
Given the strength of the resistance level 45000.00 and the overbought daily Stochastic, Dow Jones index can be expected to fall to the next support level 44000.00 (low of the previous correction (2)).
US30 - Potentail buy | wait on confirmationUS30 Trading Strategy 🚀📊
📌 Market Overview
🔹 Price Action: Hovering near Fib 0.5 (44,805.5) & Fib 0.618 (44,861.2) – critical resistance zone.
🔹 RSI (51.88): Neutral ⚖️ – not overbought, not oversold.
🔹 MACD: Histogram turning green 📈 – possible bullish momentum, but no strong confirmation yet.
🔹 Bollinger Bands: Price near the mid-band 📊 – no extreme conditions.
🟩 BUY Setup (If Price Breaks Resistance & Retests)
✅ Break & close above 44,980 = Bullish confirmation.
✅ Wait for a retest at 44,805 or 44,861.
✅ Buy Entry: After price holds above resistance.
✅ Stop Loss (SL): Below 44,750 ❌.
✅ Take Profit (TP):
🎯 First target: 45,070.
🎯 Second target: 45,200+ 🚀.
✅ RR: 1:2 or better for solid risk management.
Do not risk more than 1% of your account.
Comment and follow for more cool Ideas
Nozuk,
US30 Potential Sell - Wait for confirmation US30 Trading Strategy 🚀📊
📌 Market Overview
🔹 Price Action: Hovering near Fib 0.5 (44,805.5) & Fib 0.618 (44,861.2) – critical resistance zone.
🔹 RSI (51.88): Neutral ⚖️ – not overbought, not oversold.
🔹 MACD: Histogram turning green 📈 – possible bullish momentum, but no strong confirmation yet.
🔹 Bollinger Bands: Price near the mid-band 📊 – no extreme conditions.
🟥 SELL Setup (If Price Rejects Resistance)
🔻 Wait for a bearish rejection at 44,805 - 44,980 (wicks, engulfing candles).
🔻 Sell Entry: Below 44,805 after confirmation.
🔻 Stop Loss (SL): Above 44,980 ❌.
🔻 Take Profit (TP):
🎯 First target: 44,680 (lower Bollinger Band).
🎯 Second target: 44,480 (Fib 0.886).
🔻 Risk-to-Reward (RR): 1:2 or better ✅.
Risk no more than 1% of your account.
Comment your thoughts and follow for more cool ideas.
Nozuk,
Pre-News & Pre-Market Open Analysis: US30 Great morning to you all!
Pre-News & Pre-Market Open Analysis:
Key Levels to Watch:
Identify confluences between your weekly (green), hourly (blue), and 15-minute (yellow) Fib levels.
Look for areas where multiple levels align—these are strong reaction zones.
Identify strong support/resistance levels from previous highs and lows.
News Event Considerations (7:30 AM CT):
Volatility will increase near the release.
Expect potential liquidity grabs before the real move happens.
Consider waiting for the first reaction before entering any trades.
Indicators Check:
RSI: Currently at ~53, suggesting neutral momentum—watch for overbought/oversold zones.
MACD: Looks like it's slightly negative, suggesting a pullback or weak momentum. If it starts crossing bullish, that could indicate a potential reversal.
Bollinger Bands: Price is near the upper band—watch for a potential retracement if momentum weakens.
Game Plan:
Before the News:
Mark potential trade setups based on your fib confluences.
Avoid early entries—let the market show its direction first.
After the News Release:
If price spikes into a key level (like a strong fib resistance/support), wait for confirmation (e.g., candlestick pattern or RSI divergence).
If market trends strongly after the release, look for pullbacks to enter in the direction of momentum.
Based on your chart and the Fibonacci retracements, here’s how we can mark potential trade zones:
Key Trade Zones to Watch:
1. Resistance Zones (Potential Sell Areas)
Around 45,000 - 45,085:
This aligns with a previous high and is near the weekly fib 0.786 - 0.886 zone.
If price spikes here after news, look for rejection signs (e.g., wicks, RSI divergence, or MACD weakening).
44,810 - 44,850 (Mid-range Resistance):
Overlap of 1H fib 0.618 level and the EMA zone.
If price rejects from this level before the news, it could indicate a weaker bullish push.
2. Support Zones (Potential Buy Areas)
44,574 - 44,483 (Major Support Zone):
1H Fib 0.618 + Weekly Fib 0.382 confluence.
If price drops here after the news, watch for bullish confirmations (strong candle closes, RSI oversold).
44,380 - 44,250 (Deep Pullback Buy Zone):
1H Fib 0.786 - 0.886 level and aligns with past consolidation.
If news causes a liquidity sweep, this could be a strong reversal area.
Trading Approach:
Pre-News:
No aggressive entries; observe price reaction to key levels.
During News:
Expect liquidity grabs and fakeouts before a real trend is set.
Post-News:
If price rejects from resistance → Look for sell setups.
If price drops to strong support zones and holds → Look for buy setups.
Kepp in mind this is just. a pre-market analisys, onces the news have passed we will have a better understanding of what the market can head towares too!
comment your thoughts down bellow.
Follow for more.
Regards,
Nozuk
Dow Jones: Tariffs hit, next move awaits jobs data !This week's trading had a significant impact on the Dow Jones Index and its recent upward trend. After US President Donald Trump threatened to impose tariffs on both Canada and Mexico over the weekend, US indices, including the Dow Jones, declined. The Dow reversed its upward trend and recorded a new low, just below 44,579.
Traders should monitor the current resistance levels at 44,700 and 44,800, as they present selling pressures that could extend the downward trend toward 44,108.
Conversely, a price increase above 45,072, accompanied by a daily candlestick closing above this level, would shift the outlook from negative to positive. This could open the door for further gains in the Dow Jones Index, potentially reaching new historical highs.
Note:
Markets are awaiting US employment data, set to be released today. Expectations indicate a decline in non-farm employment to 154,000, while the unemployment rate is expected to remain unchanged at 4.1%. These figures are highly influential on market movements and the U.S. dollar.
Correlation of Dow Jones to Non-Farm Payrolls (NFP) Today marks the release of the U.S. Non-Farm Payrolls (NFP), a key labor market indicator that tends to generate high volatility in financial markets. This report, issued monthly by the Department of Labor, reflects the number of jobs created in the non-farm sector during the previous month and is a key determinant of the Federal Reserve's (Fed) monetary policy.
Report Expectations
The latest U.S. Nonfarm Payrolls (NFP) report, released on January 10, 2025, revealed an increase of 256,000 jobs in December 2024, exceeding market expectations that anticipated 160,000 new jobs. This increase represented the largest in nine months suggesting continued strength in the U.S. labor market. In addition, the unemployment rate declined to 4.1%, an improvement from the 4.2% recorded in November. Wage growth held steady, with average hourly earnings increasing by 0.3% month-over-month and 3.9% year-over-year. For the January 2025 report, to be released today, February 7, 2025, analysts are forecasting a slowdown in job creation. An increase of 170,000 jobs is expected, down from the number added in December. The unemployment rate is projected to hold steady at 4.1%. This moderation in job growth could reflect a normalization following earlier increases. A weaker-than-expected employment report could influence expectations about the Federal Reserve's monetary policy, potentially affecting the U.S. dollar and broader financial markets. Investors will be watching this data to assess economic health and adjust their strategies accordingly.
If the figures beat expectations, they could reinforce the Fed's stance of keeping interest rates higher for longer, which would benefit the US dollar and put downward pressure on risky assets. Conversely, a disappointing data could open the door to a tightening of monetary policy, weakening the dollar and supporting equities and commodities.
Impact on markets
1. US Dollar and Forex: If NFP beats expectations, this could lead to an appreciation of the USD, especially against EUR, GBP and JPY. If not, the greenback could lose ground, pushing pairs such as EUR/USD above key resistances.
2. Stock markets: Wall Street tends to have a mixed reaction to NFP. Strong data could generate concerns about a tighter Fed, affecting the S&P 500 and Nasdaq. On the other hand, weak data could generate optimism about a possible monetary easing.
3. Commodities: Gold tends to react in reversal to the dollar. If the NFP strengthens the USD, gold could retreat; if the data is weak, it could overcome key resistances. In oil, a strong reading could indicate higher energy demand, benefiting crude oil prices.
Dow Jones Industrial Average (Ticker AT: USAIND) Analysis
Non-Farm Payrolls (NFP) is a key event in particular, for the Dow Jones Industrial Average (DJIA), as it reveals the health of the U.S. labor market and can set the tone for stocks on Wall Street. A strong report could benefit many of the Dow30 majors, from Goldman Sachs to Caterpillar. However, that initial euphoria may quickly fade if investors begin to fear that the Federal Reserve will take this data as a reason to keep interest rates higher for longer. In that case, the Dow may turn downward, as a high rate environment makes financing for companies more expensive and reduces growth expectations. On the other hand, when NFP disappoints and shows lower job creation, the market reaction can be more complex. If the data suggests a controlled slowdown, the Dow could find support in the expectation that the Fed will loosen its monetary stance, which would reduce borrowing costs and stimulate business growth. However, if the report is too weak and points to a possible recession, panic may take hold in the markets, sending the Dow Jones into steep declines as investors seek refuge in safer assets such as gold or Treasuries. In short, the Dow Jones is particularly sensitive to NFP because it reflects the balance between growth and monetary policy. A figure that is too strong or too weak can generate sharp movements, while a figure in line with expectations tends to generate stability. That is why every NFP release is a time of high tension on Wall Street.
If we look at the chart, the latest NPF data supported the index and pushed it to the highs, and it is currently hitting resistance for the third time at 45,110 points at its current all-time high. If the payrolls data is as bad as expected, it is very likely that the price will fall again to test the 42,000 points being its support at 41,788.80 points. RSI is currently 61.57% overbought with only a few hours to go before the key event of the month. The long term Control Point (POC) is located in the 34,000 points zone, being this its previous accumulation zone. The current accumulation zone is located at the average of 39,500 points.
Conclusion
Today's NFP will play a crucial role in the market's perception of the direction of the Fed's monetary policy in which the trends on the dollar and on this index in particular may be affected in order to face the whole month, prior to the corporate results of the companies that make up the index.
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WHAT'S FLOWING: TRUMP | METALS | INDEX | BTC
Key Observations from the Charts
1. USD/MXN (US Dollar to Mexican Peso) – Bullish
• The pair is trending upwards, with price breaking above recent resistance.
• Green Heikin Ashi candles confirm bullish momentum.
2. USD/CNH (US Dollar to Chinese Yuan) – Bullish
• Price is pushing higher, breaking past previous resistance.
• The red-to-green shift in Heikin Ashi candles signals continued strength in USD.
3. USD/CAD (US Dollar to Canadian Dollar) – Bullish
• Strong rally with momentum building.
• The price is well above the moving average zone (green/red shaded area).
4. AUD/JPY & AUD/USD (vs. USD/JPY) – Bearish
• Weakness in AUD is visible as it trends downward.
• The Heikin Ashi candles are mostly red, indicating a downtrend.
5. XAG/EUR (Silver to Euro) – Bullish
• Price is breaking higher, suggesting demand for silver.
• Potential move toward the next resistance.
6. XAU/USD vs. XAG/USD (Gold & Silver to USD) – Bullish
• Both gold and silver are pushing higher.
• Potential rotation into precious metals as a hedge against market uncertainty.
7. GER40 (DAX Index, Germany) – Bullish
• The index is maintaining an uptrend.
• Strong green Heikin Ashi candles show continuation.
8. US30 (Dow Jones Industrial Average) – Bearish
• Continues to push higher with momentum.
• Uptrend remains intact.
9. SPX500 (S&P 500 Index) – Slightly Bearish
• Market remains near highs, with some consolidation.
• Green Heikin Ashi candles still dominate, but some resistance forming.
What’s Flowing Today?
• Strong USD Trends: USD is pushing higher against MXN, CNH, and CAD, reflecting dollar strength.
• Precious Metals Rising: Gold and Silver are both trending up, likely as a hedge against market risks.
• Equities Holding Strong: US & European indices (S&P 500, Dow Jones, and DAX) are maintaining bullish trends.
• AUD Weakness: AUD/JPY and AUD/USD are selling off, signaling risk aversion in currency markets.
Market Themes to Watch
• Risk-on vs. Risk-off Sentiment: Precious metals moving higher suggests some defensive positioning, but stocks remain strong.
• US Dollar Strength: USD showing dominance across multiple pairs.
• Commodities & Inflation Hedge: Metals rallying could indicate inflation expectations creeping back into the market.
