Bearish Bias on US30Monthly chart shows that US30 had hit its high around 39k. My bias is for US30 to come down.Shortby kailevel0
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
Jun 16, 2024 - US30 PreMarket Analysis 2Jun 16, 2024 - US30 PreMarket Analysis 2 Another approach to the analysis using trend, MA, and indicatorsShortby Trader6040
Us30 next moveBefore you make Consevation with people's you should check if their mindset is mature enough to discuss different perspectives,are they mature enough to face truth n reality,don't argue with someone who is doing it for win not for the truth,here is successful elite you don't have to miss this elite alot of flites already pass,this the last flite that is leading you to financial freedom.Longby mulaudzimpho0
Long IdeaStill bullish on US30. Re-tracement leg possibly still in progress. Waiting for price to take the low and reach zone before initiating buys. Safe and happy trading week.Longby WikFx0
back testing king aaronbased upon the 3 candlestick rule, my prediction was for the chart to create new highs. Eventually, that was the case, but, before it cleared the liquidity and then proceeded to bullish to new highs. 100 ticks was the objective but still dont know how to do that yet, but soon to come.Long09:31by aarudaprodigy0
Us30 analysis Dow Jones looks like more fallen 😳 1:2 RR Move your SL every 40 pips Overall trend sell in DAY , 4H , 2H ,1HShortby DNA_Trader_Officials0
In the direction of analysisThe analysis is following well, on this downward trend line, you can take a TB position and the goal is the low weekly floor .Shortby ehsan_13510
Us30 possible sellUsing a break and retest strategy with price action analysis for us30 involves identifying key support and resistance levels and then waiting for the price to break through these levels before entering trades on the subsequent retest.Shortby thulasizwephetha230
DOW JONES - ShortHigher for longer rates making it difficult to raise the index even as NASDAQ and SP500 are shooting up. Apple's recent bull run has proven quite powerful, yet it hasn't been felt on the DJ. On the technical side we have a beautiful H&S pattern. Looking to see if it'll play out.Shortby thelifeIlead_0
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 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
US30 Analysis of Dow Jones Industrial Average Index (DJIA) 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 bearish pressure. • Price Action: The price is struggling to break above the short-term MA, indicating resistance at this level. 2. Bollinger Bands: • Band Width: The bands are relatively wide, indicating higher volatility. The price is near the lower band, suggesting potential oversold conditions, but this needs confirmation. • Price Position: The price is hovering around the lower band, indicating downward pressure. 3. Support and Resistance Levels: • Immediate Resistance: Around 38,880, which is a crucial level to watch for a breakout. • Immediate Support: Around 38,720, which has acted as strong support recently. 4. MACD: • Histogram and Signal Line: The MACD histogram shows increasing bearish momentum, and the MACD line is moving away from the signal line, indicating a continuation of the bearish trend. 5. Stochastic Oscillator: • Current Reading: The Stochastic Oscillator is moving down from the overbought region and is currently in the middle range, indicating bearish momentum. 6. Volume: • Recent Activity: There has been a slight increase in volume during the recent price movement, indicating moderate participation in this bearish phase. Observations: • Bearish Trend: Indicators suggest that the price is currently in a bearish trend, with potential for further downward movement. • Resistance Test: The price is approaching the immediate support level at 38,720, which will be crucial in determining the next move. • Mixed Signals: While the MACD and Stochastic Oscillator suggest bearish momentum, the overall trend is still uncertain, and the price is below both MAs. Best Trade Opportunity: Trade Setup: • Entry Point (Short): Consider entering a short position if the price sustains below the support level at 38,720 with confirmation from other indicators. • Confirmation: Look for the price to hold below 38,720 and continued bearish momentum in the MACD and Stochastic Oscillator. • Stop Loss: Set a stop loss above the immediate resistance level at 38,880 to minimize potential losses. • Target: Aim for a target around the next significant support level at 38,640. Alternative Long Trade Setup: • Entry Point (Long): Consider entering a long position if the price breaks above the resistance level at 38,880 with confirmation of bullish signals. • Confirmation: Look for sustained movement above 38,880 and a bullish crossover in the Stochastic Oscillator. • Stop Loss: Set a stop loss below the support level at 38,720. • Target: Aim for a target around the recent resistance level at 39,000. Confidence in the Trade: Confidence Factors: • Technical Confirmation: Multiple indicators suggest a potential bearish momentum building up, 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 breakdown. Factors to Monitor: • Market News: Keep an eye on any significant economic news or events that might affect DJIA prices, such as inflation data or central bank announcements. • Volume: Watch for sustained volume on the breakdown for added confirmation of the trade direction. Summary: • Primary Trade: Short position below 38,720 with a target of 38,640. • Alternative Trade: Long position above 38,880 with a target of 39,000. • Confidence Level: Moderate, given the mixed signals and current bearish phase. Monitor the indicators closely for confirmation before entering the trade. by KironKavanagh111
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