Idea on DOWJONES / US30 next market movementsYesterday was the CPI and FOMC saw the market strongly make a bearish movement, which in my engulfing show that the market will continue bearish. However, when looking to the left the price reaches on my target price to make a upward movements, but it will be confirmed after the H1 candle closed. Waiting for the price reaction. The reason is D1, H4, H1. Only pure engulfing.by Zamani940
US30Detailed Analysis of Dow Jones Industrial Average (DJIA) on 1-Hour Chart Indicators Used: • Moving Averages (MAs) • Bollinger Bands • Support and Resistance Levels • MACD (Moving Average Convergence Divergence) • Stochastic Oscillator • Volume Technical Analysis: 1. Moving Averages: • Short-term (Red) and Long-term (Green) MAs: The price is currently below both the short-term and long-term moving averages, indicating a bearish trend. • Price Action: The price has shown resistance at the moving averages, confirming the bearish outlook. 2. Bollinger Bands: • Band Width: The bands are widening, indicating increased volatility. • Price Position: The price is near the lower band, suggesting bearish momentum. 3. Support and Resistance Levels: • Immediate Resistance: Around 39,000, aligning with recent highs. • Immediate Support: Around 38,500, which aligns with previous lows and a key support level. 4. MACD: • Histogram and Signal Line: The MACD histogram is showing negative values, and the MACD line is below the signal line, confirming bearish momentum. 5. Stochastic Oscillator: • Current Reading: The Stochastic Oscillator is in the oversold territory but not yet at extreme levels, suggesting potential for further downside before a possible bounce. 6. Volume: • Recent Activity: Volume spikes during price drops suggest strong selling pressure, reinforcing the bearish outlook. Observations: • Bearish Momentum: Indicators collectively suggest bearish momentum, with price below the moving averages and the MACD indicating negative momentum. • Support Test: The support level at 38,500 is critical. A break below this could accelerate the downtrend. Best Trade Opportunity: Trade Setup: • Entry Point (Short): Consider entering a short position if the price breaks and sustains below the support level at 38,500. • Confirmation: Look for confirmation with continued bearish signals in the MACD and Stochastic Oscillator. • Stop Loss: Set a stop loss above the immediate resistance level at 39,000 to minimize potential losses. • Target: Aim for a target around the next support level at 38,000. Alternative Long Trade Setup: • Entry Point (Long): Consider entering a long position if the price holds above the support level at 38,500 and shows bullish reversal signals. • Confirmation: Look for a bullish crossover in the MACD and Stochastic Oscillator exiting oversold territory. • Stop Loss: Set a stop loss below the support level at 38,400. • Target: Aim for a target around the resistance level at 39,000. Confidence in the Trade: Confidence Factors: • Technical Confirmation: Multiple indicators aligning with the bearish trend provide confidence in the short trade setup. • Support and Resistance: Clearly defined support and resistance levels provide a reliable framework for trade planning. • Volume: Strong selling pressure indicated by volume spikes adds weight to the bearish sentiment. Factors to Monitor: • Market News: Keep an eye on any significant news or events that might affect the DJIA, as they can quickly change the market sentiment. • Volume: Continued observation of volume trends for confirmation of price movements is essential. Summary: • Primary Trade: Short position below 38,500 with a target of 38,000. • Alternative Trade: Long position above 38,500 with a target of 39,000. • Confidence Level: Moderate to high for the short trade setup, given the strong bearish indicators and selling pressure. Monitor for confirmation before entering Shortby KironKavanagh0
WALL STREETAfter a successful rally to the upside, the volatile index is experiencing a difficult time continuing its rally upwards. Encountering a minor psychological level, price is bound to be repelled towards a bearish direction as it confluences with a mitigation level. Remember even if price doesn't go your way, NEVER STOP TRUSTING YOUR SETUP.Shortby Iron-DUpdated 115
US 30 - Ranges overview We got some numbers out today (US Consumer prices). As you can see we aggressively traded through the buyside we discussed yesterday. No need to chase the market …the day is still young. Let the market show you its hand and FOLLOW IT 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 Patrick27070
DOW JONES - Completed Pattern. OANDA:US30USD While the OANDA:SPX500USD & OANDA:NAS100USD have been hitting new highs the DOW has struggled and has completed a Double ABCD Gartley pattern on friday and sold off into the close. Setting up potential downside targets of 38300, 37800 & to complete the bigger pattern @ around 37k. If we start heading lower on Monday then that could put the wheels in motion for the bigger correction. Big data out mid week will send it one way or the other. Enjoy the week. I will post shorter time frame areas to watch with potential intraday turns points. Shortby L_FUpdated 0
Dow Jones sell chance Us30 looking for sell side chance ... if breaked and stay next 12hrs ...the pump will be massive...Shortby DNA_Trader_Officials0
Dow Jones sell chance Us30 looking for sell side chance ... if breaked and stay next 12hrs ...the pump will be massive...Shortby DNA_Trader_Officials0
US30 - New Analysis My previous analysis worked out perfectly with both entry point and target. Here is my new US30 analysis? Analysis of Dow Jones Industrial Average Index on 15-Minute Chart Indicators Used: • Moving Averages (MAs) • Bollinger Bands • Support and Resistance Levels • MACD (Moving Average Convergence Divergence) • Stochastic Oscillator • Volume Technical Analysis: 1. Moving Averages: • Short-term (Red) and Long-term (Green) MAs: The short-term MA is below the long-term MA, indicating a bearish trend. The price is currently below both MAs, suggesting continued downward pressure. • Price Action: The price is moving towards the short-term MA, which may act as resistance. 2. Bollinger Bands: • Band Width: The bands are moderately wide, indicating moderate volatility. The price is near the lower band, suggesting potential oversold conditions. • Price Position: The price is near the lower band, indicating downward pressure but also a potential for a bounce back towards the middle band. 3. Support and Resistance Levels: • Immediate Resistance: Around 38,700 to 38,750, which has acted as resistance recently. • Immediate Support: Around 38,500, which is a key level to watch for a potential bounce. 4. MACD: • Histogram and Signal Line: The MACD histogram shows bearish momentum, and the MACD line is below the signal line, indicating continued downward pressure. 5. Stochastic Oscillator: • Current Reading: The Stochastic Oscillator is moving upwards from the oversold region, indicating decreasing bearish momentum and potential for a short-term reversal. 6. Volume: • Recent Activity: There is a slight increase in volume during the recent price movement, indicating some buying interest at lower levels. Observations: • Bearish Trend: Indicators suggest that the price is currently in a bearish trend, with potential for a further downward movement. • Support Test: The price is testing the support level around 38,500, which will be crucial in determining the next move. • Mixed Signals: While the MACD suggests continued bearish momentum, the Stochastic Oscillator indicates potential for a short-term reversal from the oversold region. Best Trade Opportunity: Trade Setup: • Entry Point (Short): Consider entering a short position if the price fails to break above the resistance level at 38,700 and shows continued bearish momentum. • Confirmation: Look for the price to stay below 38,700 with continued bearish signals in the MACD and Stochastic Oscillator. • Stop Loss: Set a stop loss above the resistance level at 38,750 to minimize potential losses. • Target: Aim for a target around the next significant support level at 38,300. Alternative Long Trade Setup: • Entry Point (Long): Consider entering a long position if the price sustains above the support level at 38,500 with confirmation of bullish signals. • Confirmation: Look for sustained movement above 38,500 and a bullish crossover in the Stochastic Oscillator. • Stop Loss: Set a stop loss below the support level at 38,500. • Target: Aim for a target around the recent resistance level at 38,800. Confidence in the Trade: Confidence Factors: • Technical Confirmation: Multiple indicators suggest a potential bearish momentum, providing a structured trade setup. • Support and Resistance: Clearly defined support and resistance levels provide a reliable framework for trade planning. • Volume: Moderate volume during the recent price movement adds validity to the potential bearish continuation. Factors to Monitor: • Market News: Keep an eye on any significant economic news or events that might affect the Dow Jones Industrial Average Index, such as earnings reports or economic data releases. • Volume: Watch for sustained volume on the breakout for added confirmation of the trade direction. Summary: • Primary Trade: Short position below 38,700 with a target of 38,300. • Alternative Trade: Long position above 38,500 with a target of 38,800. • Confidence Level: Moderate, given the mixed signals and current bearish phase. Monitor the indicators closely for confirmation before entering the trade. by KironKavanagh0
US30 Reversal Trade Setup: Breakout StrategyMarket Analysis and Trade Plan US30 has been in a downtrend, but we are identifying a potential reversal setup with a breakout above the descending trendline. Here’s the detailed trade plan: Entry: Look for a breakout above the descending trendline. Confirmation of entry with a strong bullish candle closing above the resistance zone. Stop Loss: Place the stop loss just below the previous swing low, as indicated in the chart. Take Profit: The target is set at the next significant resistance level around 38,920, where the previous high is located.Longby AdilTrader10
US30 on pullbackI will try to get en entry at around 38.762 when it comes back down. I am expecting a smaller pullback until the pre opening of NY.DLongby UnderlayerUpdated 0
DJ30 FORECASTBased on the OANDA:US30USD chart, the price at 38790.0 is above the pivot point of 38753, indicating a bullish sentiment. If the price stays above this pivot, it could move towards Bullish levels at 38906 and 39022. Conversely, if it drops below the pivot point, it could target Bearish levels at 38637 and 38484. The current bias is bullish, but close monitoring around the pivot point is essential to confirm the market direction. Key Levels: Bullish Lines: 38818, 38906, 39022, 39165 Pivot Line: 38753 Bearish Line: 38637, 38484, 38279by RojBarwari1
Us30 accurate analysis Us30 looking for another pushup Overall trend buy, triangle breakout happened On 30 mins time frame W pattern formed Longby DNA_Trader_Officials0
US 30 PLAN If we close yesterday's low and deep for the week. I'll be waiting to catch buys coming back up while scalping on the way down to the next major support. Shooting to swing to the next ATH. by Amezee0
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_mkg0
38,000 is identified as a significant support level. If the DJIATechnical Analysis Support and Resistance Levels: Support Level: 38,000 is identified as a significant support level. If the DJIA stays above this level, it suggests strong buying interest and confidence in the market. Resistance Level: Identifying the next resistance levels above 38,000 can help predict potential upward movements. Moving Averages: 50-day Moving Average: This short-term indicator helps identify the trend. If the DJIA is above the 50-day MA, it suggests a bullish trend. 200-day Moving Average: This long-term indicator provides insight into overall market health. Trading above the 200-day MA indicates a strong bull market. Relative Strength Index (RSI): RSI values above 70 indicate an overbought condition, suggesting a potential reversal. Values below 30 indicate an oversold condition, suggesting a buying opportunity. MACD (Moving Average Convergence Divergence): Positive MACD values and a crossover above the signal line can confirm bullish momentum, while negative values and a crossover below the signal line can indicate bearish momentum. Fundamental Analysis Economic Indicators: GDP Growth: Strong GDP growth supports bullish market sentiment. Unemployment Rates: Low unemployment rates indicate a healthy economy. Inflation Rates: Moderate inflation is generally positive, but high inflation can trigger market volatility. Corporate Earnings: Strong earnings reports from key DJIA companies can drive the index higher. Watch for quarterly earnings announcements and guidance. Federal Reserve Policies: Interest rate decisions and monetary policies from the Federal Reserve significantly impact market sentiment. Market Sentiment and News Geopolitical Events: Trade relations, political stability, and global conflicts can influence market trends. Investor Sentiment: Market sentiment indicators, such as the Fear & Greed Index, can provide insights into the emotional state of investors. Example Analysis (Hypothetical) Let's say the DJIA is currently at 38,500: Technical Indicators: The DJIA is above the 50-day MA and 200-day MA, indicating a bullish trend. The RSI is at 65, suggesting the market is not yet overbought. The MACD is positive, confirming bullish momentum. Fundamental Indicators: GDP growth is strong, with a recent quarterly report showing a 3% increase. Unemployment is at a historic low of 3.5%. Inflation is moderate at 2.1%. Market Sentiment: Recent news highlights strong corporate earnings, with major companies in the DJIA beating earnings estimates. No significant geopolitical tensions affecting market stability. Conclusion Based on the analysis, if the DJIA maintains above 38,000, the bullish trend is likely to continue, supported by strong technical indicators, positive economic fundamentals, and favorable market sentiment. However, close monitoring of economic data, corporate earnings, and global events is essential to adjust strategies accordingly.Shortby luislin880
US30 BUY PredictionLooking to take a BUY when the chart passes the previous High point, currently the market is below the 8EMA, when the chart reclaims above the 8EMA would be my second confirmation, third confirmation is the chart being above the 200EMA. Recorded the TP and SL pointsLongby Muzi_muz0
US30In the following week we will see whether the bearish channel will hold. 38.979 is acting as resistance and will play a key role in setup. More updates to follow.by Anele_8880
Missed entry.I was looking for an opportunity to sell, and saw the 4h/1h resistance area - didn't enter. next roundby Shin_diamonds0
shortus 30broke out of upward channel towards the downside and we could be seeing a move downwards as a bigger correction apply proper riskUShortby profit70percent0
Weekly Forex Outlook Sun.June.9.2024 - Fri.June.14.2024Like and Comments would be appreciated :D Not Financial Advice, Just my outlook/opinion05:06by unkn0wntrad3r111
US30 longWeekly; Price has closed above 38,500 level which is massive zone of liquidity Price has formed a head and shoulder. This indicates that price is headed upwards to 39,100 which is the next daily level Daily; Price has closed above 38,500 or 38,550 which is a massive buy area. It has retested that same zone twice with two candlesticks. If you zoom in on the wicks you can see that yesterday's candlestick formed a higher high in comparison to Monday's candlestick. This indicates that price is going higher. 4 hour; Today price has continued its upward momentum, however, price is slowing down. Moreover, if I intuitively think about it, price is trying to go higher since there would be no reason for today's momentum to continue going higher, if there are no orders or momentum. The slowing momentum tells me that price does not have enough orders to go to 39,100. So if we zoom in and look for areas of possible entries, there are some. First of all the daily body closure at 38,550 is a massive area of buying liquidity. It is also in sync with yesterday's 4 hour region that retraced to go and collect orders at 38,450. The highest probability entry would be if price tested 38,550 and formed a buy formation 38,625. Another possible scenario is if price manages to close above 38,815 and retests it to confirm my bias, which will see me buy to 39,050. Longby kingmwenjaUpdated 1