London / New York Session Recap - UK100, OIL [L], US30, NAS100UK100 Weekly Breakout Continuation Setup
OIL Trend Retracement Setup
US30 Trend Retracement Setup
NAS100 Fakeout Setup
DJI trade ideas
US30 Outlook💹 Indices:
👁️ Outlook:
US30 has been breaking down into the 200ema
Context time frame (5hr): I would like to see price show strength above the 10ema and 50ema before looking for longs.
Validation Time Frame (30m): Price is below the 10/50/200 and is breaking into new lows.
Neutral on US30 until it shows strength in the same direction both on 5hr and 30m time frame.
US30/ DOW JONES US30 is forming A flat pattern, and the price might reverse and go north with a bullish momentum from the point of Fibo extension 2.61%
The pattern is canceled if price goes beyond 3.14 Fibo extension , as shown in the chart.
US30 - OUTLOOKFew weeks ago, I expected dollar to star making some recovery. And we can now se this impact on the stocks market.
Slow bleed, but we will get there, my ideal next target is 39200 for US30.
"May fortune attend thee, and thy trade prosper." .......L2Earned"
SELL ENTRY ON US30 THIS MORNING ! PROFITS !Using price action i entered this trade by waiting for price to break back below previous level of resistance. i than waited for a pullback to the same level and enterd my sell at 9am in the morning .
DJI with or without bounce.. lower targets looks okay !DJI with or without bounce.. lower targets looks okay !
Very much sure Bout 40280-40060
There are some chances that it may reach 38700-37400-36400, but with my limited knowledge it's not worth to consider those levels as of now.
In short.. sell on rise or keep selling on breakdowns.
US30 , Today 09/05/2024 Strategy - Sell Or Buy ?!Strategy Overview:
In this chart of the US30 (Dow Jones Industrial Average Index), the price action is forming a rising channel within the 15-minute timeframe. The trendlines highlighted suggest potential buy and sell zones based on the interactions with these lines.
Key Elements:
Trendline Structure:
Buy Side: The lower trendline is acting as dynamic support. Each time the price touches this line, there's a buying opportunity, which has resulted in several bullish movements in the past.
Sell Side: The upper trendline represents resistance. When the price approaches this area, it faces selling pressure.
Trading Strategy:
Buying Strategy: A buy trade can be initiated if the price retraces back to the Buy Side trendline (around 40,937), with a stop loss placed just below this support line. The target would be a movement toward the upper Sell Side trendline (near 41,043).
Selling Strategy: A sell trade can be considered when the price reaches or slightly breaks through the Sell Side trendline. A stop loss can be placed above this level, with a target back down towards the Buy Side.
Confirmation with RSI:
The RSI indicator shows both overbought and oversold conditions frequently, which complements the trendline strategy. Currently, RSI is around neutral, meaning there’s potential for either direction depending on where the price moves next within the channel.
Conclusion:
This strategy uses both support and resistance levels created by the rising channel to define entry and exit points for buy and sell positions. The interaction of the price with these trendlines, along with RSI confirmation, provides a clear framework for making trading decisions in this timeframe.
DOW JONES continues to fall?Considering the support in the range of 40796, after the failure of this area, we can expect this index to fall to the range of 40548 and in case of strength, 40050. Otherwise, after breaking the resistance in the range of 41135, we can expect to climb up to the range of 41433 and 41611.
US30: First green dayHi 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, first green day signal potentially is a sign of bullish move, I will be waiting for a 3 session setup dump and pump in the day itself, after all the news. All the trades will be taken after 10am NYT.
Short: secondary, although the signal day, I can't exclude a scalp setup back into the LOW, retesting the area for the main trade on tomorrow.
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
US30 / Bearish Bias Below 41,030 Amid Key Economic Data ReleasesADP, Unemployment rate, and ISM figures are set to be released today.
The price followed a bullish trend yesterday but has since corrected to the resistance at 41,030.
A sustained position below 41,030 will reinforce the bearish trend, potentially driving the price towards 40,800 and 40,480. Conversely, a 4-hour candle close above 41,030 would signal a continuation of the bullish trend, with targets at 41,180 and 41,345.
These economic reports are likely to have a significant impact on market movements.
Key Levels:
Pivot Point: 41,030
Resistance Levels: 41180, 41345, 41550
Support Levels: 40810, 40690, 40470
Expected Trading Range: 41180 - 40690
Trend: Bearish while below 41030.
Weekly Forex Outlook Sun.Sept.1.2024 - Fri.Sept.6.2024Like and Comments would be appreciated :D Not Financial Advice, Just my outlook/opinion
US30 SELL ANALYSIS SIGNAL RISING FALL BREAKOUTHere on Us30 price has made a rising fall and have form a resistance line along area of 41136.4 so there is high chance of falling since the rising fall pattern has broken so going for SHORT is needed and targeting profit should be around 39505.4 . Use money management
us30 buy opportunity technical analysis us30 buy opportunity technical analysis. trend and trade pattern
US30/DOW30 - Preparing stageTeam, we are preparing to short US30 once the price set up confirm at 41035-50. However if the price continue to pass the above price 41150 then we need to review again. Please do not enter yet. We would prefer to trade during US marketing opening.
if it go according to our plan, Short will be place around 41035-50, with stop loss at 41232.40
TARGET 1 - 40898.40
TARGET 2 - 40603.10
TARGET 3 - 40297.70
We will update once we are in the market, please check our update comment below the chart. Thank you
Heading into 61.8% Fibonacci resistance?DJ30 is rising towards the resistance level which is a pullback resistance that lines up with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 41,280.14
Why we like it:
There is a pullback resistance level that aligns with the 61.8% Fibonacci retracement.
Stop loss: 41,624.76
Why we like it:
There is a pullback resistance level.
Take profit: 40,605.92
Why we like it:
There is a pullback support level that aligns with the 138.2% Fibonacci extension.
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LIVE:US30 TRADE/HAS THIS EVER HAPPENED TO YOU?!!Should have used 1min FVG instead of 1min OB. But we'll get it next trade!! I hope this helps.
Recap of my DJ30 long trade today during EQO NYNice reversal at previous week low, with a fakeout low on the daily and weekly timeframe, entry with EQO with a target beeing daily nPOC, R3
Downward trend According to the behavior of the index in the current support range, possible scenarios have been identified.
The downtrend is expected to continue and continue up to the specified Fibonacci levels
US30 Bearish 4HTF(4H Div, Dow BOS)US30 showing bearish momentum supported by 4H Divergence and DOW Break of Structure (BOS). Based on the seasonality chart of last 30 years, US30 performs bearish in the month of September.
Entry is taken as Sell Stop slightly below the previous HL.
SL is placed above previous HH
TP is taken based on 1:1 and 1:2 R:R.
Note: Break Even if TP1 hits.
What do you think, will it work?
US30 shortsHere is why:
- I believe that US30 is due for a very strong uptrend in the near future. However, orders are not enough to take the pair to all time highs.
- Hence, we saw the rush of downward momentum.
- There is a bearish setup on the 4 hour timeframe and the targets are 40,583
- I am currently looking to sell the pair, but I have to wait for more confluence.
- The best possible scenario, is if price tests 40,950 before I look to sell the pair to 40,580
- Another scenario I would sell the pair is if it forms a setup at 40,790 during the new york session.
- For now, I sit on my hands as I wait for the pair to give me more confluence to sell.
+664% ! The Power of Ai Trading Net Profit: $132,926.43 USD, which is an impressive 664.63% return.
Total Closed Trades: 133 trades have been completed.
Percent Profitable: 66.17% of the trades were profitable.
Profit Factor: 6.76, indicating that for every dollar risked, the strategy earned $6.76.
Max Drawdown: $10,366.73 USD, or 24.76%. This represents the maximum observed loss from a peak during the strategy's performance.
Average Trade: $999.45 USD profit per trade, which corresponds to a 1.67% gain on average per trade.
Average Number of Bars in Trades: 43 bars, which implies that each trade lasted, on average, 43 periods (in this case, 43 * 8 hours).
The performance graph shows a steady upward trend, indicating consistent gains over time.
