DOW JONES - DOUBLE TOPHello Traders ! On Friday 7 June, The dow jones reached a resistance level (39114 - 39217). The price formed a double top pattern. At the moment, The neckline is broken ! So, i predict a bearish move📉 ___________ TARGET: 38115🎯Shortby Hsan_BenhmedUpdated 141418
Optimal US30 Entry: Capitalizing on Weak USD Amid Soft InflationHello Traders, In today's trading session, we are closely monitoring the US30 (Dow Jones Industrial Average) for a potential buying opportunity around the 38200 zone. The Dow Jones is currently trading in an uptrend and is undergoing a correction phase, bringing it closer to the key support and resistance area at 38200. This level has historically acted as a significant pivot point, making it a strategic entry point for long positions. From a fundamental perspective, we are considering the negative correlation between the USD and the Dow Jones. The USD has been weakening following a series of soft inflation data. Yesterday's CPI report came in lower than expected, and the Federal Reserve adopted a dovish stance during the FOMC meeting, further easing monetary policy. Additionally, today's PPI data also came in softer than anticipated, reinforcing the trend of easing inflation. This series of soft inflation readings is expected to weigh heavily on the USD, as lower inflation reduces the need for aggressive monetary tightening by the Federal Reserve. A weaker USD is generally bullish for equities, including indices like the US30, as it enhances the appeal of US assets to foreign investors. Given these fundamental factors, the 38200 zone presents a decent support zone for the US30. Trade safely, JoeLongby JoeChampionUpdated 5521
US30: First red 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 ✅ no daily cycle 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: secondary, the market could consolidated in Friday LOD, for a reversal trade during NYO or 10am. Not my best scenario of the day, but I would be willing to scalp it from LOD to CP (closing price). Short: primary, first red day signal, false break high of the week, US30 has now a great potential to start the backside back into the previous LOW. However, the failed breakout hasn't been confirmed yet, no other time frames (daily levels) are involved. I will be waiting for a level to be trigged, and then looking for a setup if presented. 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 Shortby GianniPichicheroUpdated 8824
US30My View on US with the current news forecast. Tomorrow might be a great pump after seeing some accumulation on 1H time frameLongby randybrigittaUpdated 335
DOW JONES BULLSLondon presssure seem to be trying to push this index higher. Buys to the upper trend line.Longby J_NgatiaUpdated 2211
DOWJONES US30 Multitimeframe analysisUS100 and 500 are almost completely the same with this analysis ☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!Longby Yelli_tradesUpdated 5512
Hellena | DJI (4H): Short to the support area 37616.32.Dear colleagues, having reviewed the waves I assume that now the price is in a big correction and I expect that the price will continue downward movement to the support area 37616.32 (completion of the wave “C”). Before that a small correction to the resistance area 38978.81 is possible. Manage your capital correctly and competently! Only enter trades based on reliable patterns!Shortby Hellena_TradeUpdated 262673
📈 Bearish Harmonics Pattern In The Making | DJI Peaked, Again!Hello my fellow traders and news people, I would like to show you this because it is a nice bit of information and can be quite revealing; it can help us connect many dots. The DJI is poised to produce a correction based on normal cyclic market action. Based on the classic fluctuations wee see of prices moving up and down, like the waves in the sea. Today we can see the DJI hitting a new All-Time High, this is true. An All-Time High only means the highest price ever but it doesn't really mean much more than that. For example, the DJI only grew a few points compared to March 2024 peak price, thus giving us a double top. For hype, for political reasons; everywhere the new ATH is advertised and promoted. But for us, this is a bearish development. This isn't either good or bad just as money isn't good or bad, it depends on the use you give it. Think of power; Power isn't good or evil, it depends how you use this power. You can use your power to build, to help others, to share; just as you can use it to destroy. Good or bad depends on us. The higher high hit today is part of what we call an irregular correction. While inflation is "slowing down," a rise of X% is still a rise. Inflation rises because the monetary supply expands. Inflation means the currency is devaluating. Since fiat money is always worth less, you can end up with a higher high (new ATH) rather than a lower high as the correction takes place. If the fiat money value was the same or stronger, we would see a lower high now rather than a new All-Time High, but this changes nothing for traders. For the reporters, knowing this can put you ahead of the game. While yes, it moved up, it is part of a correction which means that soon it will go lower... Knowing this before hand you can also let your people know. Here is the chart: I see it moving lower based on the chart structure, market sentiment and chart signals but things can always change. How you use this information is up to you... Know that... ... ... I love you! Just make sure to be happy, content in your heart with your lifestyle, with your choices, with the daily chores you have to do. If you enjoy every minute of every day... This happiness of the Soul can translate into trading success. We need happiness to welcome abundance. We need a stable mind to trade. Control your mind and achieve all of your goals. Namaste.Shortby AlanSantanaUpdated 141494
US30: First red day, on the backside moveHi 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 ✅ day 2 cycle 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: secondary, intraday scalp LOD to CP, if the 3 session setup asia, London and NY create a dump and pump scenario. Short: primary, first red day, backside, this market now potentially can complete the weekly pump and dump and also the bigger template of two weeks. Looking for a pullback continuation short after 9:30am NYT (equity opening) 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 Shortby GianniPichicheroUpdated 227
US30 Will Go Higher! Long! Here is our detailed technical review for US30. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 38,672.5. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 39,721.8 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProvider227
CHART BREAKDOWN US30: Key Levels, Targets and Thoughts!Trade Update: US30 We have some great news on our recent US30 trade! 💲 After analyzing the market conditions and identifying a solid setup, our trade has successfully Hit Take Profit 2 (TP2). This made sure that 80% of our positions have been secured and cashed out some of our gains, allowing us to lock in profits and reduce risk. Following this, we moved our stop loss to TP1 to ensure no loss on the remaining position. This strategy not only protects our capital but also gives us the opportunity to capture further potential gains with zero risk on the table and cashing out on TP3s. Stay tuned for more updates and happy trading! 🚀Shortby TTradessss117
Dow Jones Market Forecast 2024-2042I have put together what I believe is the correct market forecast for the remainder of this Secular Bull Trend. Currently, today, June 2024, we are in the middle of a monthly pullback/consolidation. I have marked the low, that I believe will hold, with the grey box at price level 35,100-35,900. Once broken out of the bull flag, price should shoot up to 44,000 before spending 24 months in a slow, grind higher up to 47,000. Once the break out of the rising wedge in late 2027, price will now be on an accelerated trend of a parabolic nature to complete the final wave of the secular bull trend. It will then hit its first peak at 120,000 and then proceed in a 30% decline, breaking the accelerated trendline and making its way back to the original trendline. It will then proceed with another rally, making its way up to 150,000 for the final wave higher and the start of the Secular Bear Market. Here is the monthly chart that I will use to enter my next buy at around price level 36,000 with my target at 115,000-120,000 Longby travis18haneyUpdated 224
US30I waited for price to the high @ 38826.68 or the low @ 38685.83 Price broke the and closed above the higher price with two candlestick. The price is retesting the level and I'll be using a Fibonacci Level tool to go long/bullish.ULongby im_kurt_mkg335
Downward trend It is expected that the index will change the trend in the current resistance range and we will see the beginning of the downward trend. If the index crosses the resistance range, the continuation of the upward trend is likely. Shortby STPFOREX223
US30US30 Technical Analysis US30 Looking Bullish on LTF and also HTF Daily Structure both are going good, expecting continuation upside as i mentioned.. ThanksLongby AFFINITY_MARKETS113
CHART BREAKDOWN US30: Key Levels, Targets and Thoughts!Brief Description🖊️: The chart provides insights into critical market levels, emphasizing an essential demand zone (low-risk buy zone) spanning from 38.160 to 38.100, respectively, is highlighted. Things I Have Seen👀: Important Demand Zone🟢: Identified between 38.160-18.100, serving as a low-risk buy. Bullish Targets📈: 38.300: Possible retracement area. 38.550: Possible retracement area. 38.800: Possible retracement area. 39.030: Significant supply zone. Ultimate Target: 39.130- Liquidity area. What's Important Now❗ Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.Longby TTradessss1112
US30 Sell Setup Incoming!Based on the daily structure, there is a strong rejection and respect of the Fibonacci levels. The volume also supports this view, showing a clear accumulation of liquidity. I confidently anticipate a liquidity injection during the New York session! Must was Heavy new on Dollar ( 30 yr bond auction rate) Use proper risk management!!Shortby ShinForex1Updated 226
US 30 - Ranges overview The overall HTF ranges are clear on US 30. Today is Friday so don't hesitate to size down on your trades and protect your capital. IF we hold these current levels expect further upside to the buyside liquidity IF we break below the current lows expect us to aggressively trade towards the sellside liquidity left earlier today Hope you guys had a nice week and enjoyed it to the fullest. Hopefully your trading week was a good one. As always whatever the results (positive or negative) they only reflect this week...not your trading journey. Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form. by Patrick2707223
Today's analysis and strategies will help youHello traders, Tendency the price is a short pressure in 38,545 Turning level : The turning level in 38,545, so as long as the price under this level, there will be a bearish trend resistance level : breaking turning level in 38,545 , the price will rise to 39,016 and 39,318 ,stable this level it will started a bullish trend support level : trade stable under 38,545, the price will reach the support level of 38,110 and 37,794 corrective level : price will attempt in 38,545, correct itself before decline I HOPE YPOU A PROFITABLE DAY US30 it will attempt to bullish trend , to reach a 39,019 and 39,318by BURIK-Paul111
Dow Jones Top Down Analysis12 month Chart On a measured move to hit 150,000 in this current Bull Secular Trend 3 Month Chart Trendline for each bull cycle holds well 1987 = 2019 covid crash. The same area in the bull cycle followed by a break to new highs, a pullback and a grind higher. We are in the grind higher, awaiting the accelerated trend to start Monthly Chart Price is trending on its 3 month bull cycle trendline. Price is in a pullback on the monthly back to the November 2023 Fat Bullish Bar's top demand area/grey box Weekly Chart Price is in its pullback phase with price oscillating around the opening price of 2024. It is currently forming a Weekly bear flag and is getting ready to break to new lows soon to oscillate around the bottom portion of 2024's open Daily Chart Price is in a bearish pattern, a bear flag. I am expecting lower prices. I am also waiting for another bounce inside that flag before the drop 4 Hour Chart Price is bouncing up towards the yellow box for the second top before the completion of this bear flag. Bias is Bullish short term 15 Minute Chart A triple bottom with the third bottom as a higher low, a break of structure over the NY open's high. Price is bullish on the 15 minute chart to take out those pivot highs up until CPI's peak high. Longby travis18haney111
US 30 short - scalp trade Taken a nice a short scalp in US 30 Entry 38690 TP 38550 SL 38609 Entries and targets are all based on LTF FVG's and imbalance. Targeted the overall 15min sellside. We have even more confluence with the 15min imbalance. Will be interesting to see how we trade from here. Keep an eye on the FVG resting around 38630 Will keep an eye on the chart and will be back to it when we get the NY open. Trust your system and FOLLOW the HTF market ranges and structure. Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.Shortby Patrick2707220
US 30 short - scalp tradeWe've taken the HTF sellside and traded to the FVG (yellow box) Taken a short scalp on US from 38600 targeting the 5min imbalance Entry 38600 TP 38576 SL 38610 As long as we don't close above 38610 expect further prices to the lower side. IF we break 38610 we will head back towards the buyside. Follow the market and its ranges. Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.Shortby Patrick2707220
Us30 200 pips profit Us30 buy signal running 200 pips successfully 1:3 RR Overall trend buy W pattern formed in trend line Longby DNA_Trader_Officials330