We can attempt to buy US30 from specified level as it break last LH , also there is bullish divergence indicate that it move upward.
SL , TP mention in chart.
Trading Dow Jones futures is essentially a bet that you can predict whether the price of the DJIA will move in a particular direction by a certain point in time. If you believe the Dow Jones Index will increase in value, you can go long on a futures contract
On Friday the US indices closed mixed with the Dow Jones up +0.56%, and Nasdaq and S&P500 up -2.05% and -0.88% respectively. This is a result of their lower exposure to BigTech, the dangers of inflation on the dollar and US consumer price data their favorite inflation indicator. This week we have as key data releases from the Tech sector that will emerge this week...
US30 SPOT 4HR (4HR View) - So price has now appeared to found major support at levels 37317.8 (TP6), Going forward i don't think these levels will break when looking higher at weekly TF, WEEKLY OB STILL INTACT. We have though created 2 FVG gaps (4HR) below which i believe will be our RIP area, for a move up to clear the higher FVG we had a reaction of but was not...
Considering the reaction of the index in the support range, it is expected that the upward trend will advance to the resistance range and even the resistance levels.
After the possible upward wave, the continuation of the downward trend is expected
4/12/24 we created a bullish gap when market opened at 5pm
the week before we were in a down trend sell formation.
I expect to continue this uptrend for the next 1-2 days or at least 1 4HR candle closer.
at least a relief rally to 50% of the move down is expected for many reasons:
- weekly demand
-pivot point
-opening wedge
-no retracement of at least 50% from the top
DOW JONES 30 │ US30 │ WEEKLY OUTLOOK
Daily-timeframe
Much like the four-hour timeframe, this timeframe is bearish and tapped into a strong demand. It may reach higher into the supply zone above current price. However do not be fooled into buying, the wick is left behind is too enticing for stop/sell orders the market would definitely like to reach below that area...
PEPPERSTONE:US30
It may go down a little further, but it is now in the support zone. Looking for a swing trade here to about the 61.8% Fibonacci Retracement. RSI is oversold.
Previous Analysis:
US30 forms FVG Fair Value Gap, at an area of market structure ranging between the following price points $37,975 - $37,830. If US30 is to demonstrate its continued BEARISH momentum down, I anticipate the price returning to the recently developed FVG, filling it in with price movement, receiving more orders, and rejecting it more continuing the...
Trend = Short term downtrend
2 Hourly Price divergence
Liquidity Range formation
Price has grabbed liquidity beneath
Waiting for a breakout above the range for possible entry !!
Dow. Will be bearish below 37763
Stop loss 37783 (20 points )
And bearish Target
1. 37667
and more bearish below 37667
2. 37390
Dow will bullish above 37763
Stop loss 37743 ( 20 points)
And bullish Target
1. 38094
And more bullish 38094
2 38204
In whole process 1 and 2 sl can hit but risk reward is very high so we should try
Keep simple
US30 is in strong bearish trend.
As the market is consistently printing new LLs and LHs.
currently the market is retracing a bit after last LL, which is 0.618 Fib retracement level. if the market successfully sustain this selling confluence the next leg lower could go for new LL.
It is expected that the price will change the trend in the current support range and we will see the beginning of the upward trend. Then, by crossing the resistance trend line, the continuation of the upward trend will be more likely
