US30 (3.21.24) V4V4 - just wanted to provide updates on the structure, still looking for sells by TheGentlemanTrader13Updated 3
#US30 Algo LevelsSharing the algo levels for US30 - cyan color is daily levels, purple levels are weekly levels and orange levels are monthly levels. The higher the timeframe, the stronger the levels. In general, above OP and PZ, bias is to the upside and vice versa.by FadeMeIfYouCan2
Bullish momentum to continue?The DJIA (US30) is rising towards a potential breakout level at 39,817.48 which has been identified as a pivot point. Could price potentially break through this level and rise higher towards the 1st resistance? Pivot: 39,817.48 Support: 39,186.86 Resistance: 40,178.47 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.ULongby ICmarkets1
possibility of uptrendAccording to the behavior of the index in the current resistance range, possible scenarios have been identified. It is expected that the continuation of the upward trend will be formed by crossing the resistance range. As long as the index fluctuates above the level of 78.6%, there will be a possibility of continuing the trendLongby STPFOREX0
Average Price to BuyThe current trading price is above 01/08/21 to current average after news of investors turned their attention to middle east crisis and "Chevron Hauls workers out of Iraq" the follow up on this story will give general consent of investors in the DJI stocks and so far the current price is above Average weighting for this segment, Stop loss for safe investing would be at average price (35233.26833)Longby GYPTIAN1Updated 0
US30Waiting for a pullback on US30 to go LONG. Any bounce on the Orderblock will be my BUY entry.Longby TheInternetMoneyCo4
The right shoulder of the Dow’s Inv H&S is its own inv h&S!!We are looking at the Dow jones on the daily here and can see 2 distinct inverse head and shoulder patterns have formed here. The larger one I have indicated with a lavender neckline and the smaller one with a green neckline. Price action is currently above both of them and overall this is looking very bullish, however we must remember that the daily timeframe is less effective in traditional stock markets than in the crypto market because the market is much more mature. That being said , I’m pretty certain the larger of the 2 inverse head and shoulder patterns would qualify as a weekly pattern or possibly even a monthly timeframe pattern so if we can get a few weekly and maybe a coupe monthly candle closes above the lavender neckline this will be a very bullish development for the Dow and greatly increase the likelihood of these patterns validating their breakout. For now though, it’s looking awfully ripe. *not financial advice*by DrDovetailUpdated 5
Dow Jones getting closer to hitting first inv h&s targetAn update from a previous Dow Jones chart. I will post a link to the previous as well. We are getting very close to the smaller inverse head and shoulders breakout target here. Always a chance it corrects before continuing up to the second larger inv h&s target but then again always a chance it just keeps going to reach the 2nd target without a correction first(less probable) Best to consider both outcomes. *not financial advice* by DrDovetailUpdated 1
A look at the weekly timeframe on the Dow jones invh&sNothing much to add here that I didn’t post in the previous idea, just wanted to also show how it looked on a weekly timeframe. Please refer to the previous idea for more in depth analysis about this one. Thanks. by DrDovetailUpdated 4
An update to my Dow Jones chart I posted July 18th 2023The original chart was on a much larger time frame, but we are getting so close to the second measured move target now I figured I’d make this update on the daily chart. We are now about 3 pips away from hitting the 2nd bigger invh&s pattern’s full measured move breakout target. Always amazes me how these things come to fruition, and in this case I was able to predict with macro chart patterns it would reach these heights 7 months before it happens. That’s not to say it wasnt happening this whole time because it essentially was, just had to not fall for the initial break above the necklines and also the follow up break back below the neckline….classic head fakes I expect to see this higher target hit in February, where the market will go from there I’m really not sure..this could indeed be a fulcrum point but it could also behave like solana just recently did and just blast well above the target or after reaching the target continue to pump. Either way I expect this will at least reach within a half pi of the target but think probability is high of it hitting the target 100% still. *not financial advice* I will post a link to the original chart from last July down below. Thanks for reading, following, and rocket boosting my charts. Much respect. by DrDovetailUpdated 223
US30 - 3/6/24 - SellDid not catch entry off of S/R but entered at 4H bearish candle close as it looks to be continuing downtrend and wicks reacting off fib level from daily candle fib.Shortby That-Guy-CozyUpdated 1
What's should be next move of US30 Index Yesterday saw the index rally in the wake of the Fed decision, and a new all-time high was created. Trendline support from mid-January continued to hold, and the price was able to push back above 39,000. The next target would be 40,000, which could provide some psychological resistance as a large round number. The Dow Jones Industrial Average (DJIA), Dow Jones or the Dow for short tracks the performance of 30 of the biggest companies in the US including Boeing, Intel, and Dow. It's often used as a barometer for the overall performance of the country's equity markets. Historically it's one of oldest and most followed indices. The chart is a useful measure of US economic health. Follow the Dow Jones live with the real-time chart and view the latest Dow forecasts, news and analysis. Key pivot points and support and resistance will help you trade the Dow Jones today and into the future.Longby Hamzabodi0
US 30 short - scalp trade US 30 has been trading in a range for most of the day after the expansion. We've traded a big range yesterday so was to be expected. Taken a short scalp early in the session from 39819 to 39800 and been checking up on the charts for today. We've been repricing multiple times in the FVG (red box) and it has been acting as 'support' so let's see how we play from here. IF we hold it we should expect to trade through the highs again IF we fail to hold it it will be an inverted FVG for lowers prices. IF you've been struggling in taking trades today don't worry it was quite a rangy and tricky market. These days are part of OUR TRADING JOURNEYS 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
US30 (3.21.24) V3V3 - Selling opportunity is here. If price retraces back to Strike zone, you can take a sell. or take a low lot sell where price is at now. Price is way overbought at this time. A short term pullback is in order. Price cannot get pass the current resistance on the smaller time frame that will create a resistance on the 1HR. This is a predictive trade.by TheGentlemanTrader13Updated 1
US30 (3.29.24) V2V2 - possible sell opportunity is here; please read the chart to get the entry criteria. wait for price to retrace to StrikeZone by TheGentlemanTrader13Updated 0
SL recap100cbS 261h1 Big mistake there with the lot Off by 60p from the entry price Adjustment on tv price and recover some Same old same old keep repeating Rules✓ MM XShortby Art-of-Cutloss0
SL recap70cbs 261h1 Follow the rules and mm Take the hit and move on Weak structure Even 140 failed what do u aspect from 70? Shortby Art-of-Cutloss0
SL recap 140cbS 423h1 Still in revenge mode Start to reduce down the lot for now Shortby Art-of-Cutloss0
US 30 - Ranges overview (update) Nice open of range on US 30. Breaker gap acting properly so far and OB (red line) got traded through as well. Some more news coming at 9:45 am (NY time) so keep it in mind again. Personally tape reading and waiting for my setup. 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
US30 SELLEven though higher timeframe is showing a consolidation, the 1hr had strong push down while breaking some structure. Price has retraced near an important supply zone. waiting for price to reach the zone for a trade downwards. Like and comment for more ideas Follow if you trade US30Shortby Thrill9rUpdated 8
Dow JonesHaving crossed 39229 The US30 continues on an uptrend. It bullish formed a wedge pattern going up. It broke the 39229 price still going strong above. Longby Shupingct110
US 30 - Ranges overview We will be having some news today at 8:30 am (NY time) so be aware of the manipulation around the time. I've annotated what I am currently looking at. No clear indication of where the market wants to go yet for me. Looking to see how we react the the OB (red line) and the breaker block (blue box). Sellside is clear for now so let's see IF we manipulate the highs and continue lower. IF we hold the current levels we should retrace towards the buyside resting around 39650 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