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Us30analysis

US30 longHere is why; Weekly Price broke beneath 40,000 resistance level and price has not retested that level. We see that there is a lot of bullish momentum that has been picked up from 38,500 due to last week's candlestick closure Everything is pointing towards price going to test 40,000 Daily We see that price too a lot of buy orders from 38,500. Price broke and retested 39,300 region three times before finally heading northwards The next target is 40,000 4 hour Price today has closed above 39,720 and I expect for price to test the region before heading upwards. However, for now it is not clear what price will do, so it is best I just sit on my hands.
FX:US30Long
by allan_mwenja2000
US30 Buys !!!!US30 Buys **Trade Idea:** - **Instrument:** Dow Jones Industrial Average (DJIA) Index - **Timeframe:** 1 Hour **Setup:** - The price is currently bouncing off the 0.618 Fibonacci retracement level, which suggests a potential continuation of the bullish trend. - The 200 EMA (black line) is serving as dynamic support, reinforcing the bullish momentum. - The formation of higher lows and the breakout above the 50 EMA (red line) further confirms the strength of the uptrend. **Trade Entry:** - **Buy Entry:** Enter a long position at the current price level around 39,640, after confirming a strong bullish candle above the 50 EMA. **Targets:** - **Primary Target (TP1):** The first target is set near the 0.786 Fibonacci retracement level around 40,520, aligning with a significant resistance area. - **Secondary Target (TP2):** The ultimate target is near the previous high at around 41,415. **Stop Loss:** - **Stop Loss (SL):** Set the stop loss just below the 0.5 Fibonacci level, around 39,207, which coincides with recent lows and provides a good risk-reward ratio. **Risk Management:** - Ensure that the risk-reward ratio is favorable, ideally at least 1:2. - Adjust the position size to maintain proper risk management based on your trading plan. **Additional Notes:** - Monitor the price action closely as it approaches the 40,520 level. If the price shows signs of rejection, consider securing partial profits or adjusting the stop loss to breakeven. - Be aware of any macroeconomic events or news releases that could impact market sentiment. --- This trade idea is based on technical analysis and should be executed with caution, considering all potential risks involved.
BLACKBULL:US30Long
by Sthesh_Don_Billiato
4
US30 shortsHere is why; Daily Price broke below the region of 39100. There have been two retests. This is as of Tuesday and Wednesday Wednesday's candlestick engulfed Tuesday's candlestick to the downside. The next noticeable zone 38,500 but I expect price to go even lower. 4 hour Price has formed a massive 3 pin pattern formation which has broken below 38,865 (this is a minor region where orders were collected). I expect a retest of this region before price continues going lower.
FX:US30Short
by allan_mwenja2000
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.
FX:US30
by allan_mwenja2000