US30 Strategy: Waiting for Confirmation Amid Conflicting Trends🔥📉 Currently checking out the US30 (Dow Jones)! On the ⏰ 4-hour chart, the vibe is definitely bearish, but when you zoom out to the 📅 daily chart, things look much more bullish 🚀. For me, this index is at a real crossroads! 👉
🔎 On the 30-minute chart, I’m watching closely for a bullish breakout above the recent high and a key break of structure 🟢📈 — that would spark a potential buy opportunity!
💼 If instead, price slips below the current high and we see a bearish shift in structure 🚩📉, I’m eyeing a possible sell setup!
❗️Of course, this is just my view, not financial advice! 🚫💸
D-US30
Bullish continuation setup?The Dow Jones (US30) is declining toward the pivot level, which is an overlap support aligned with the 23.6% Fibonacci retracement. A potential rebound toward the recent swing high resistance could occur from this area.
Pivot: 45,746.42
1st Support: 43,977.09
1st Resistance: 48,012.20
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
US30: Short Signal Explained
US30
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell US30
Entry - 47023
Stop - 47146
Take - 46813
Our Risk - 1%
Start protection of your profits from lower levels
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US30 : Bulls Regaining Control!After a clean correction, US30 (Dow Jones) looks set for another push upward. If structure holds, we could see momentum building toward new highs before the next potential pullback. Stay alert for confirmation around 47,400–47,600 levels!
Disclosure: We are part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in our analysis.
US MARKET SESSION # 📈 US30 (DOW JONES INDUSTRIAL AVERAGE) COMPREHENSIVE TECHNICAL ANALYSIS 🎯
## Week of November 10-14, 2025 | Intraday & Swing Trade Mastery
Close Price: 47,055.9 Points | Entry Point: November 8, 2025, 12:54 AM UTC+4 💹
## 🔍 EXECUTIVE SUMMARY - MULTI-TIMEFRAME PERSPECTIVE
The Dow Jones Industrial Average is trading at a critical structural juncture with exceptional multi-timeframe alignment signaling imminent breakout potential. Elliott Wave analysis indicates completion of corrective cycles, positioning the index for next impulse leg targeting 47,500-48,200 extension zone. Bollinger Bands exhibit dramatic compression pattern —volatility squeeze preceding directional expansion. RSI across all timeframes maintains neutral-bullish bias (56-66 range)—optimal momentum positioning without extreme overbought conditions. Volume clustering at 46,900-47,100 represents significant institutional accumulation foundation. Wyckoff spring tests near 46,500-46,700 provide aggressive entry triggers. Harmonic pattern convergence at 47,300-47,450 resistance signals breakout confirmation with measured move targets extending to 48,000+. Market breadth indicators show strong support from both large-cap and mid-cap participation.
## 📊 TIMEFRAME-BY-TIMEFRAME ANALYSIS
### 5-MINUTE (Scalping Precision) ⚡
Candlestick Formation: Japanese candles reveal micro-consolidation attempts with successive hammer/engulfing patterns at support zones. Evening Star rejection formations detected at 47,250-47,350 intraday resistance levels creating short opportunities.
Elliott Wave 5M: Sub-wave completion suggests Wave 4 micro-consolidation finalizing. Wave 5 breakout anticipated above 47,150-47,200 with targets 47,300-47,400 (measured move extension).
Bollinger Bands: Upper compression mode—middle band at 47,050 acts as pivot point. Lower band rejection (46,950-47,000) creates scalp-long setups. Squeeze breakout targets 47,350+ on volume confirmation.
RSI (14) Analysis: RSI oscillating 48-62 range—neutral territory with divergences forming. Bullish divergence at 46,950 support signals buyer engagement; caution on 65+ resistance approach.
Micro Support/Resistance: 46,950 (micro-support) | 47,020 (POC cluster) | 47,100 (pivot) | 47,200 (intraday resistance) | 47,300 (scalp target)
Volume Signature: Volume concentrated 47,000-47,080 zone—institutional marker present. Breakout volume >50% above average required above 47,200 for sustained move above 47,350.
VWAP Alignment: Price oscillating around session VWAP at 47,040—each touch generates scalp opportunity. Upper VWAP band at 47,280; lower support at 46,950.
### 15-MINUTE (Quick Swing Gateway) 🎢
Candlestick Patterns: Engulfing bars forming at support zones—bullish engulfing at 46,980 zone confirms reversal attempts. Three-candle patterns (flag continuation) with 50-80 point breakout potential detected.
Harmonic Pattern Recognition: Gartley Pattern potential completion near 46,950-47,050 PRZ (Potential Reversal Zone). Exceptional risk-reward ratio at 1:3.5 for harmonic traders. Butterfly variant also forming at secondary levels.
Wyckoff Accumulation Phase: Classic accumulation evident—small barometer move (SBM) nearing completion. Spring test anticipated 46,700-46,800 zone; markup phase targets 47,400-47,600.
Bollinger Bands (15M): Band squeeze intensifying—historical volatility expansion suggests 70-120 point moves follow. Upper band resistance at 47,300; lower band support at 46,800.
Volume Profile (15M): Point of Control (POC) at 47,050—prime concentration zone. Volume surge >60% required confirming breakout above 47,250. Imbalances favor upside probability significantly.
Ichimoku Cloud (15M): Price consolidating below cloud edge—Tenkan-sen at 47,200 = resistance pivot. Kijun-sen (47,100) = critical secondary support. Cloud support 46,850-46,950.
EMA Structure: EMA 9 (47,080) above EMA 21 (47,020)—bullish alignment confirmed. Price remaining above both = intraday strength maintained perfectly.
### 30-MINUTE (Intraday Swing Axis) 🔄
Pattern Formation: Symmetrical Triangle pattern consolidating with apex near 47,350. Ascending triangle variant shows bullish bias—breakout above 47,250 targets 47,450-47,600 extension zone.
Dow Theory Application: Confirming higher highs/higher lows structure perfectly. Secondary trend bullish; pullbacks to EMA 20 (47,080) = optimal swing entry zones identified.
RSI Divergence Setup: Positive RSI divergence confirmed—price making lower lows (46,920) while RSI forms higher lows (44 level). Classic reversal setup targeting 47,300 minimum breakout.
Exponential Moving Average: EMA 9 (47,100) = core support pivot. EMA 21 (47,020) = secondary support reliable. EMA 50 (46,850) = structural hold level. Bullish ribbon alignment intact perfectly.
Support Architecture: 46,850 (EMA 50/structural) | 46,950 (demand zone) | 47,020 (volume cluster) | 47,080 (EMA 9 dynamic)
Resistance Architecture: 47,200 (triangle formation) | 47,300 (measured move target) | 47,400 (weekly resistance) | 47,500 (extension)
Volume Analysis (30M): Increasing volume on recent bars—accumulation signature strong signal. Buy volume exceeding sell volume confirms institutional interest significantly.
### 1-HOUR (Core Swing Trade Engine) 🎯
Elliott Wave Structure: Major wave analysis suggests Wave 3 completion near 47,400. Current Wave 4 correction targets 47,000-47,150 support zone. Wave 5 impulse anticipated—target: 47,700-47,900.
Pennant Formation: Classic Bullish Pennant pattern forming—breakout confirmation above 47,250 validates pattern. Pole height measured move = 47,600+ realistic target.
Bollinger Bands (1H): Upper band at 47,450 = squeeze breakout target zone. Middle band (47,250) = bullish support zone. Lower band rejection (46,950) creates swing longs with excellent R/R ratios.
VWAP Daily: DJI trading above daily VWAP at 46,980—bullish gradient confirmed clearly. Each hourly candle close above VWAP strengthens continuation probability significantly.
Volume Profile Hotspot: Heavily traded at 47,000-47,100 (accumulation zone) and 47,200-47,300 (resistance cluster identified). Imbalances above 47,400 suggest vacuum-fill potential targeting 47,600+.
Ichimoku Cloud Alignment: Price above Senkou Span A (47,150) & Span B (47,080)—cloud thickness indicates strong support. Chikou Span above candles = bullish confirmation. Cloud color: BULLISH GREEN.
Gann Theory Application: 45-degree angle from swing low (46,600) establishes rally trajectory perfectly. Resistance at 38.2% Fibonacci extension (47,300) precedes aggressive breakout phase.
Support Tiers 1H: 46,850 (structural hold) | 46,950 (EMA support) | 47,050 (Kijun-sen) | 47,100 (accumulation zone)
Resistance Tiers 1H: 47,250 (breakout trigger) | 47,350 (extension) | 47,450 (major level) | 47,600 (impulse target)
### 4-HOUR (Swing Trade Thesis Foundation) 💼
Inverse Head & Shoulders Pattern: Potential IH&S formation completing—left shoulder (46,700), head (46,550), right shoulder completing (46,800-46,900). Neckline breakout at 47,250 targets 47,500-47,750 extension zone.
Wyckoff Accumulation Deep Dive: Institutional buying signature evident—SBM (small barometer move) completion imminent. Spring test to 46,700-46,800 anticipated; subsequent markup phase targets 47,600-47,850.
RSI 4H Analysis: RSI at 60-70 range—bullish bias maintained firmly. Room for upside extension without extreme overbought conditions. RSI above 75 targets 47,600+; below 35 = defensive posture required.
Cup & Handle Formation: Potential bullish Cup pattern visible on 4H—handle stabilization near 47,050-47,150. Breakout above handle (47,300) targets cup depth extension = 47,550-47,700.
EMA Ribbon Structure: EMA 8 (47,120), EMA 13 (47,080), EMA 21 (47,020), EMA 50 (46,850), EMA 200 (46,300)—BULLISH ALIGNMENT PERFECT. Compression/expansion cycles identify momentum phases clearly.
Support Tiers 4H: 46,700 (structural support) | 46,850 (accumulation) | 47,000 (pivot) | 47,100 (demand cluster)
Resistance Tiers 4H: 47,250 (key breakout) | 47,350 (extension) | 47,450 (major target) | 47,600 (weekly projection)
Volume Signature 4H: Accumulation volume bars > distribution bars—bullish bias maintained firmly. Volume nodes clustering at 47,000-47,100 indicate strong institutional support zone.
### DAILY CHART (Macro Swing Thesis) 📅
Elliott Wave Macro: We're potentially in Wave 3 of larger cycle—aggressive expansion still possible. Wave structure supports break of 47,400 targeting 47,800-48,200 daily close objectives.
Double Bottom Recognition: Historical Double Bottom pattern near 46,300-46,600 support—confirmed breakthrough above 47,250 neckline triggered. Second target near 47,600-47,800.
Bollinger Bands Daily: Upper band at 47,800 = realistic daily target zone. Mean (47,300) = healthy pullback support reliable. Band slope indicates volatility expansion—expect 300-500 point daily ranges.
Volume Profile Daily: Strong buying volume bar at 46,800-47,000 zone—institutional accumulation marker established clearly. Selling volume decreasing significantly—demand controls trend absolutely.
Ichimoku Cloud Daily: Cloud thickness growing—bullish trend strengthening substantially. Cloud support around 47,000-47,150 zone. Kumo breakout anticipated—targets cloud top at 47,400-47,600.
Harmonic Analysis Deep: Butterfly Pattern potential completion—PRZ at 47,250-47,350 suggests reversal zone OR breakout confirmation. Confluence amplifies probability of extension significantly.
Gann Angles & Fibonacci: 50% retracement (46,900) + 61.8% extension (47,500) = key reversal zones. Gann fan angles suggest 47,400-47,600 as structural resistance before continuation impulse.
Key Daily Support: 46,550 (psychological/structural) | 46,800 (accumulation zone) | 46,950 (demand level) | 47,050 (midpoint)
Key Daily Resistance: 47,250 (breakout trigger) | 47,350 (extension) | 47,500 (measured move) | 47,700 (weekly target)
Trend Confirmation: Higher highs & higher lows maintained—uptrend intact. Daily close above 47,400 = strong continuation signal targeting 47,800+ next level.
## 🎪 TRADING SETUP PLAYBOOK - NOV 10-14
### BULLISH SCENARIO (Probability: 80%) ✅
Trigger: 4H candle close above 47,300 + volume surge (>55% above average) + RSI above 65
Entry Zone: 47,150-47,250 (with breakout confirmation signal)
Target 1: 47,350 (TP1) | Target 2: 47,450 (TP2) | Target 3: 47,600 (TP3) | Target 4: 47,800 (TP4)
Stop Loss: 47,000 (below EMA/structural support)
Risk/Reward: 1:3.4 (exceptional asymmetric setup)
Trade Duration: 18-72 hours (prime swing window)
### BEARISH SCENARIO (Probability: 20%) ⚠️
Trigger: Daily close below 47,100 + volume increase + RSI divergence failure
Entry Zone: 47,300-47,450 (short setup)
Target 1: 47,250 (TP1) | Target 2: 47,100 (TP2) | Target 3: 46,950 (TP3)
Stop Loss: 47,600 (above resistance)
Risk/Reward: 1:1.7 (acceptable but lower probability)
Trade Duration: Watch for trend reversal confirmation first
## ⚠️ VOLATILITY & OVERBOUGHT/OVERSOLD CONDITIONS
Current Volatility Status: Moderate compression → Expect significant expansion imminent
5M/15M RSI: 48-62 range (neutral)—room for 25-50 point movements | Scalp target zones
30M/1H RSI: 56-68 range (bullish bias, safe zone)—sweet spot for swing entries
4H RSI: 60-72 range—approaching caution zone but room to extend | Safe for core swings
Daily RSI: 64-76 range (approaching extremes)—be defensive if daily RSI>78 | Take profits aggressively
Overbought Recognition Points:
RSI daily >77 combined with upper Bollinger Band rejection = immediate profit-taking
Ichimoku cloud top penetration fails (bearish candle rejection) = trend exhaustion signal
Volume declining on breakout attempt = false breakout warning signal
Harmonic pattern PRZ exact hit without follow-through = reversal likely imminent
Oversold Bounce Setups:
RSI 1H <35 on support touch = high-probability bounce back to 47,250-47,350
Price below EMA 50 (46,850) + RSI <30 = aggressive accumulation zone
Spring test below 46,800 with volume surge = Wyckoff spring reversal trigger
Harmonic pattern PRZ support bounce = measured move extension targets activated
## 🎯 ENTRY & EXIT OPTIMIZATION STRATEGY
### OPTIMAL ENTRY TIMING
For Scalpers (5M): RSI bounce from 44-50 zone after Band lower touch = 18-30 point scalp (1-3 min holds)
For Quick Swings (15M-30M): 15M candle close above 47,200 with 4H alignment = 80-120 point swing (30 min-2 hour holds)
For Core Swings (1H-4H): 4H pennant breakout above 47,300 on volume = 250-400+ point target (hold 12-48 hours)
For Position Swings (Daily): Daily close above 47,400 = continuation play targeting 47,700-47,900 (hold 5-7 days)
Best Entry Windows: US pre-market (12:30 ET), Market open (14:30 ET), London close (16:00 ET)
### EXIT STRATEGIES & PROFIT TAKING
Take Profit Levels: TP1: Fibonacci 38.2% (47,300) | TP2: Harmonic PRZ (47,400) | TP3: Daily Band upper (47,600) | TP4: Weekly target (47,800)
Stop Loss Placement: Always below most recent swing low + 20 points (strict risk management priority)
Trailing Stops: Activate at TP2—trail with 40-50 point buffer for 4H+ trades (lock in profits)
Breakeven Exit: Move stops to entry after 1:1 risk/reward achieved—eliminate emotional trading
Partial Profit Strategy: Close 25% at TP1 | 25% at TP2 | 25% at TP3 | Let 25% run to TP4 (maximize winners)
## 🔔 REVERSAL & BREAKOUT RECOGNITION CHECKLIST
### REVERSAL SIGNALS TO MONITOR:
RSI positive divergence (lower price lows, higher RSI lows) = bullish reversal setup high probability
Candlestick engulfing patterns at support/resistance zones = trend reversal confirmation strong signal
Volume profile breakdowns (declining volume on breakout attempts) = false move warning immediate
Ichimoku Cloud rejection (price fails to penetrate cloud layer) = structural resistance confirmed
Harmonic pattern completion at exact PRZ = reversal zone probability increases significantly
Elliott Wave 5th wave failure (truncation) = impulse completion = reversal imminent trigger
Gann angle break through significant angle = trend line break = reversal trigger activated
### BREAKOUT CONFIRMATION RULES:
Close beyond resistance with >50% volume surge above average = confirmed breakout signal strong
RSI crosses above 60 for bullish breakout, below 45 for bearish breakout confirmation
VWAP alignment with directional move = institutional participation confirmation strong
Bollinger Band breakout with band expansion (squeeze release) = volatility expansion confirmed immediate
Multiple timeframe confluence (5M + 15M + 1H + 4H aligned) = highest probability setup attainable
Ichimoku Cloud break (price clears all clouds with bullish candles) = strong continuation signal
Volume imbalance (ask volume > bid volume) = directional sustain likelihood increases significantly
## 💡 WEEK FORECAST SUMMARY - NOV 10-14
Monday (10th): 🌍 Consolidation continuation near 47,000-47,150 zone. Range-bound trading anticipated. Early breakout direction watch crucial. Entry setups favor reversal plays at support zones.
Tuesday-Wednesday (11-12th): 📈 Prime breakout window opens —47,300 represents key decision point. Expect 250-400 point daily volatility swings. Breakout confirmation targets 47,450-47,550 extension. This is the optimal swing trade window all week.
Thursday (13th): ⚠️ Potential profit-taking pullback after breakout (if triggered Tuesday-Wed). Support retest of 47,250-47,150. Buying opportunity if pullback holds above 47,050.
Friday (14th): 📊 Weekly close pattern formation critical. Extension run anticipated if above 47,400. If above 47,500 = week target 47,700-47,850 achieved. End-of-week positioning for next week.
## 📍 CRITICAL CONFLUENCE ZONES - KEY TARGETS
46,800-46,900: Major support zone (accumulation marker, Wyckoff spring area, structural hold)
46,950-47,050: Secondary support (EMA 9, demand cluster, psychological level, volume POC)
47,100-47,150: Micro-resistance cluster (consolidation squeeze zone, early breakout resistance)
47,250-47,350: KEY BREAKOUT ZONE (triangle apex, harmonic confluence, all timeframe resistance)
47,400-47,550: Primary upside target (Elliott Wave 5, daily Band upper, measured move extension)
47,600-47,750: Secondary extension target (Gann level, macro resistance, wave projection)
47,800-48,000: Weekly/monthly target (if wave 5 impulse extends beyond base projections)
## 🏆 RISK MANAGEMENT RULEBOOK
✅ 1) Position Sizing: Never risk >2% of account equity per single trade
✅ 2) Risk-Reward Ratio: Minimum 1:2.5 R/R on every entry—1:3+ preferred for swing trades
✅ 3) Profit Scaling: Close 25-50% at 1:1 ratio, let remainder run to 1:2+ targets
✅ 4) Stop Loss Discipline: Place stop IMMEDIATELY on entry—no exceptions (20-25 points tight)
✅ 5) Breakout Confirmation: Avoid FOMO—wait for candle close confirmation + volume surge always
✅ 6) Daily Support Respect: Psychological holds (round numbers 47,000 | 47,500) matter—trade confluence not against
✅ 7) Time Management: Exit losing trades quickly (max 1:0.5 acceptable for educational losses)
✅ 8) Macro Alignment: Always check daily/4H bias before taking 1H or lower trades
## #US30 #DOWJONES #DJIA #DJITRADING
#TECHNICALANALYSIS #ELLIOTTWAVE #HARMONICPATTERN #BREAKOUTTRADING
#SWINGTRADER #DAYTRADING #INTRADAY #INDICES #TRADINGVIEW
#BOLLINGER BANDS #RSI #ICHIMOKU #VWAP #TRADINGSTRATEGY
#WYCKOFFMETHOD #GANNTHEORY #DOWTHEORY #TECHNICALS #ANALYSIS
#SUPPORTANDRESISTANCE #VOLUMEANALYSIS #OVERBOUGHT #OVERSOLD #REVERSAL
#STOCKINDEXTRADING #USINDEXTRADING #BREAKOUTSETUP #TRADERSOFTWITTER
#TECHNICALTRADER #CANDLESTICK #PATTERRECOGNITION #CHARTANALYSIS #DAYTRADER
## 🎁 BONUS: DAILY PRE-MARKET CHECKLIST
Use this every morning before US market open:
☑️ Check daily RSI (should be 62-72 for bullish bias continuation)
☑️ Identify support/resistance zones (47,000 | 47,150 | 47,300 | 47,500)
☑️ Verify 4H chart alignment (pennant/IH&S pattern status update)
☑️ Check Ichimoku cloud position (above/below = trend confirmation signal)
☑️ Review 1H Elliott Wave count (which wave are we trading exactly?)
☑️ Scan volume profile (POC = likely rejection zone area)
☑️ Set entry orders + stop losses BEFORE pre-market opens (12:30 ET)
☑️ Plan 3 Take Profit levels before entering any position
☑️ Monitor US economic calendar (Fed speakers, unemployment data)
## 🌐 US MARKET SESSION NOTES
The Dow Jones trades during US market hours (14:30-21:00 CET / 8:30-15:00 ET) . Highest volatility typically occurs:
Pre-Market (12:30-14:30 CET): Initial momentum setup—watch for direction confirmation patterns
Market Open (14:30-16:00 CET): Prime trading hours —best liquidity + volatility combination
London Close Overlap (14:30-16:00 CET): Major volume spike—trend direction often confirmed
💡 Disclaimer: This technical analysis is educational only. Always conduct your own due diligence and implement appropriate risk management. Past performance does not guarantee future results. Trade responsibly within your risk tolerance. Use stop losses on every position. Not financial advice.
Analysis Created: November 8, 2025 | Valid Through: November 14, 2025 | Updated Daily at Pre-Market
US30 – Correction Toward 47100 | Next Leg Up Toward 47920US30 – MARKET OUTLOOK | Bullish Bias Above 47100
US30 is showing a mild bearish correction after facing resistance near 47460, but the broader structure remains bullish while price holds above 47100.
🔼 Above 47460: Bullish continuation toward 47750 → 47920 → 48200.
🔽 Below 47100: Bearish correction possible toward 46920 → 46600.
Pivot: 47430
Support: 47100 · 46920 · 46600
Resistance: 47750 · 47920 · 48200
US30 stays bullish while above 47100, but a confirmed close below this level could trigger a short-term bearish correction toward 46920.
US30 H1 | Bullish Bounce Off 50% Fibonacci SupportUS30 is falling towards the buy entry at 47,229.78, whichis an overlap support that aligns witht he 50% Fibonacci retracement and could bounce from this level to the upside.
Stop loss is at 46,903.56, which is a swing low support.
Take profit is at 48,038.79, which is a multi swing high resistance.
Stratos Markets Limited (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
DOW JONES recovered and is looking for a High at 48500.Exactly 2 weeks ago (October 22, see chart below), we gave a strong Buy Signal on Dow Jones (DJI), as the index had already initiated the new Bullish Leg of its 6-month Channel Up and quickly hit our 47700 Target:
That trading plan included a 2nd Target as well at 48500, which represented a +7.50% rise from the October 10 Low, which was a Higher Low for the Channel Up on its 1D MA50 (blue trend-line).
As Target 1 was on the 1.382 Fibonacci extension, the recent pull-back was technically expected as the sequence was similar to those of August 22 - September 02 among others. As you can see, all minor pull-backs that took place within this Channel Up, hit the 4H MA100 (red trend-line) and rebounded. Major ones found support lower on the 1D MA50, as did the October 10 Low.
Since the index hit yesterday its 4H MA100 and is rebounding today, the Bullish Leg remains valid and on the medium-term can reach our final 48500 Target.
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👇 👇 👇 👇 👇 👇
DowJones strong support retest Key Support and Resistance Levels
Resistance Level 1: 47433
Resistance Level 2: 47534
Resistance Level 3: 47636
Support Level 1: 46807
Support Level 2: 46690
Support Level 3: 46545
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
NASDAQ INDEX (US100): Time to Recover
US100 index dropped yesterday, as I predicted.
The market is recovering now, after a test of a major daily support cluster.
A formation of a cup & handle pattern on that and a breakout of its neckline
indicate a strong buying pressure.
With a high probability, the market will rise and reach 25580 level soon.
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Potential bullish bounce off?Dow Jones (US30) has bounced off the pivot, which is a pullback support and could rise to the 1st resistance, which is a swing high resistance.
Pivot: 46,869.22
1st Support: 46,429.35
1st Resistance: 48,012.20
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
NASDAQ INDEX (US100): Forgotten Gap
A week ago, US100 formed a gap up opening.
It looks like the index is finally ready to fill it.
A breakout of a major horizontal support is a strong bearish signal.
Expect a bearish continuation to 25420.
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DowJones - Pullback or Reversal?Key Support and Resistance Levels
Resistance Level 1: 47433
Resistance Level 2: 47534
Resistance Level 3: 47636
Support Level 1: 46807
Support Level 2: 46690
Support Level 3: 46545
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
US30 H4 | Bullish Bounce Off OBUS30 is having a temporary correction towards the downside. However, there is a Fair Value Gap and Order Block present, which could cause price to bounce from that area.
Our buy entry is in between the FVG and OB, at 46,883, which also aligns with the 75% FIbonacci retracement level.
The stop loss is at 46,509, which is at the swing low support level, while the take profit is at 47,460, which is at the pullback resistance level.
Stratos Markets Limited (tradu.com/uk ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Bullish bounce off?DJ30 is falling towards the support level, which is a pullback support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take-profit.
Entry: 47,0090.29
Why we like it:
There is a pullback support that aligns with the 38.2% Fibonacci retracement.
Stop loss: 46,642.72
Why we like it:
There is an overlap support that is slightly below the 50% Fibonacci retracement.
Take profit: 48,056.22
Why we like it:
There is a swing high resistance level.
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US30 | Dow Jones Extends Gains Above 47,565 SupportUS30 – MARKET OUTLOOK | Bullish Momentum Holds Above Pivot Zone 🇺🇸
The Dow Jones remains bullish after stabilizing above the pivot line at 47,565, supported by positive sentiment in earnings and broader risk appetite.
🔼 Above 47,565: Bullish bias toward 47,760 → 47,920 → 48,040.
🔽 Below 47,565: Bearish correction toward 47,460 → 47,250 → 47,100.
Pivot: 47,570
Support: 47,460 · 47,250 · 46,920
Resistance: 47,760 · 47,920 · 48,040
US30 stays bullish while above 47,565, but a break below could trigger a short-term pullback toward lower supports.






















