US30 if it fills the gap overnight rip by openCommunity discussions
US30 if it fills the gap overnight rip by open
US30 However, if the price breaks below 47,370, downside pressure may increase, pushing the index back toward 46,700 support.👉 Key Levels to Watch:
Bullish Above: 47,420
Bearish Below: 47,370
Market is building strength at support — a potential reversal zone for another upside leg
US30 is currently trading around 47,580, holding strongly above the 47,370–47,420 demand zone, where buyers have shown solid defense multiple times
US30 Switching to the Hourly that is in Neutral (directional) Market Bias, we have a Double Inside Day that just formed. So, there's a BIG move coming - potentially during the Sunday session.The last candle is a Hammer hanging from a two-tiered S&R Zone. It's lower wick (circled in green) is a Minor Pivot Low, which means that it is a weak support area and pivoting for the bulls to rise.
*Take Profit Projections to the Upside:
47,588 - Top of the S&R Zone
47,653 - Swing High
47,699 - Major Pivot High
48,037 - High of Inside Day for a Breakout on the 4-Hour Timeframe
**A giant W-shaped pattern is forming. If this is the last leg of the "W", then it's typically a long bullish trend.
US30 Think It's Going Down?Well, let's take a look-see at the Daily chart below that is in Bullish (directional) Market Bias. We have a Triple Inside Day, which means that a MASSIVE move is coming and can show up anytime in this new trading week.
Notice that the last candle's lower wick rejected the Gap Up to not properly close it with a candle close past 47,313. A wick running through the Gap Up area does not count in closing it, based on Japanese Candlestick Analysis, so the strong forces of Support will keep the candles moving above it.
Circled in green is a Minor Pivot Low (pale green arrow) of the Pinbar Hammer, which means that it it pivoting for the bulls to go up. How high? Potentially towards the high of the tall Spinning Top at 48,037 (circled in red that is a Major Pivot High). We'll see how high the bulls rise to.
Also, a new S&R Zone formed. The bulls can just rise from that or we'll see more consolidation until a breakout from the Zone.
US30 premarket is down 120 points
US30 After several weeks of distribution, the Dow Jones Index is showing clear exhaustion at the top.
From a technical perspective, we’re seeing lower highs forming on the H4 chart, signaling that momentum is fading.
I expect the market to test the 46,500 level in the coming sessions.
However, traders should remain cautious — short positions need smaller position sizing until the January window when broader confirmation may appear.
The market might still attempt minor pullbacks, but overall, the bias is shifting to the downside.
⚠️ Stay alert. The bear cycle is about to begin.
#DowJones #StockMarket #Bearish #Trading #MarketAnalysis #FaramarzBahrami
US30 what is this rise?,US30 If you're still holding on for dear life to trade this going UP, have I got some treats for you: chocolate covered bats, gummy worms, and black licorice. Only the good stuff.
Happy Halloween!
US30 I see some possible good long positions for next week