US30This what I see on US30, my prediction is that it will go down to grab liquidity then that's when we might see a bullish movement reaching for the Daily Fair Value Gap. For Entries we will wait for smaller time frame confirmation....
DJ30FT trade ideas
US30 Bears stepping in this week Bullish inducement just came in enticing most to be bulls but the Big players have already started being bears so by the end of the week, am hoping to see the currency drop at @37,300 to mitigate the rest of the liquidity lying at that level so expect the bears to be very active as we close the week, but again in forex market nothing is certain its a game of being patient and following the trend.
safe sell @38,600 moderate traders take profit @37,500
US30 wallstreet forecastthe wallstreet bullish pattern confirmed
a touch on our psychological buying opportunities , and consecutive of HH & HL builds a high probable setup as we broke out of our previous supplying market. stay tune and we
US30 - 4H DowJones is in a pullbackThe Dow Jones Industrial Average (DJIA) is currently facing significant bearish pressure, as indicated by recent market trends and technical analysis. The support trend line has broken, leading to a notable drop in the index. This break, coupled with a clear pullback, presents an opportune moment for traders to consider short positions with a logical stop loss.
From a fundamental perspective, the rising rate of unemployment and the postponement of interest rate cuts are increasing the chances of a recession. These economic indicators suggest that the market could experience further declines as investors react to the potential economic downturn.
Rally base drop set-up out lookUs30
Looking at selling opportunities upon the retest of the daily supply zone formed at 41 115, we are trading in our 2nd wave/retracement phase towards the mentioned supply zone. This zone has to be visited within 30 days and price must not close above it. Closing above this zone will invalidate our setup. We will be targeting the recently formed swing low at 38 408. It must be noted that we do have a technical zone which is looked at by most retail traders as a break and retest zone at 39 886. We will monitor price action at this zone for any reversal patterns targeting the swing low mentioned.
This is as drop base drop setup and the zone on top is a rally base drop set up which has a higher success rate when trading supply and demand setups. We do have an inner 4hr/1h Supply zone at this area which increases our probability for a profitable trade.
DOW JONES Is a new rally starting right under our nose again?Consistent with our macro approach to investing (particularly with stocks), we continue to address the recent stock market correction by examining similar behavioural patterns of the past.
It was 10 months ago (October 11 2023, see chart below), when Dow Jones (DJI) was under another short-term turmoil phase that turned out to be exactly that, short-term:
As you can see on that chart, while most were panic selling, we addressed the idea that Dow was "starting a new Bull rally under our nose". And as you can see, the index did exactly that, as it rebounded at the bottom (Higher Lows trend-line) of the Rising Wedge, starting a new +23% rally.
Our basis for this projection was the similar Rising Wedge pattern of September 2015 - November 2016 (almost 1 year), which after a fake-out for the week hands (green circle) on January 2016 (as it was on October 2022), it rebounded in October 2016 at the bottom of the Wedge and posted a +19% rally.
You can see that so far the lows are highly symmetrical as the first was priced in the month of October (2016 then and 2023 now) and the next in April (2017 and 2024 respectively).
The initial rally that broke above the Rising Wedge in 2017, had a small upward extension that then gave a new pull-back for an August 2017. If symmetry continues to dictate the price action, then the current August Low (2024), may be our new bottom as Aug 2017 was.
On the past fractal, the new rally was concluded on a +30.72% rise. As a result, we see it highly possible to get a new long-term peak early next year (January 2025 if symmetry continues) at around 49000.
High as this Target may seem at the moment with the current economic slowdown fears, these are the standard conditions that make rallies start "under our nose".. Especially as November's U.S. elections are approaching.
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US30 - DOW JONES - SHORT POSITION Due to the consolidation area at 39 450, we could see possible short opportunities for the US30. Should this be in favour, a sell will continue to levels 38 400. We've also seen a slower upward momentum. Confirmation was given on the Fib Retracement tool at level 0.618
CAPITALCOM:US100 CAPITALCOM:US100 BLACKBULL:US30
US30 SellsUS30. We can look to sell in this area, with monarch pattern forming. A double top on H1 can also be used as sell reference.
US30 3 Possible reaction levels possible short to long
I have 2 demand zones marked out as well as a possible London Supply
Confirmation is key
Is This the Beginning of a Major Downtrend? SELL OPPORTUNITYIf you are looking at this chart it is evident that your eyes are showing you that the US30 has been on an upward trend for quite some time. So is this the beginning of a downtrend???
US30 Neutral today but expecting price to head upwards longtermI believe that there is no clear cut setup for US30 at the moment. A daily closure would give the best signal for what it is going to happen.
However, I believe that price will go upwards long term.
Here is why;
- Price broke below 40,000 which is a massive weekly region with a lot of bearish momentum.
- Price has not retested 40,000 and I believe we will see a retest in the near future.
- Price went as low as 38,500 where we can see that is the region where most of the bullish orders were filled. 39,000 is also a notable region where orders were filled.
- As of this morning, price is trapped between 39,100 and 38,500. Until I get a full daily closure above 39,100 then I will know whether to buy or sit on my hands.
My thesis as of now is that there is no clear bias to jump on today and that it is best for me to sit on my hands as I wait for price to make a comprehensive decision. I will update if there are any changes during the day.
Correction It is expected that the index will change the trend in the current resistance range and continue the downward trend.
Otherwise, with the breaking of the resistance trend line, the continuation of the upward trend will be possible
Watch the box going into year end Watch the box going into year end - we are testing support on bottom trend line.
