Price was falling gradually from the starting of this month. It has formed bottom at the zone 37700 and now it has broken the downward trend line.
So what next?
38500 is an important zone. If price sustains this level then it can move towards 38580, 38660, 38740 and 38800.
On the other hand if 38500 acts as a resistance zone, then price will move towards 38380,...
DJIA (US30) is rising towards the pivot which has been identified as an overlap resistance. Could this index stall around this level before potentially reversing to drop lower?
Pivot: 38,546.69
1st Support: 38,025.73
1st Resistance: 39,042.57
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with...
Hello traders what do you think about US30 give your suggestions in comment..
As the US30 inches towards the critical resistance level at 38,068, traders are on high alert. A successful breach of this threshold could fuel the ongoing bullish trend, propelling the index towards the next target at 38,380. Conversely, should the price stabilize below 37,996, market...
According to the previous increases, the us30 chart is currently in price correction and it is expected that the price will reach its original position. According to the technical chart, buyers and investors will start buying and the volume of demand will increase, which will increase the price of us30.
US30 Long Bias
Entry: Daily demand Zone
Historically April had always been a bullish month for indices. In the past 22+ years, every April was a bullish month for the Dow apart from April 2022.
We can expect strength until the end of April.
I am personally waiting for this refined zone, NOTE that WEEKLY demand is already mitigated, but i've refined the zone...
Hello Traders and Investors, today I will take a look at the Dow Jones.
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Explanation of my video analysis:
There is one major long term pattern which we have been looking at for a very long time - a rising channel formation. Just a couple of months ago the Dow Jones retested the lower support trendline and created a beautiful triangle breakout while...
Pivot
38600
Our preference
Short positions below 38600 with targets at 37060 & 36230 in extension.
Alternative scenario
Above 38600 look for further upside with 39345 & 39850 as targets.
Comment
The RSI is mixed with a bearish bias.
Supports and resistances
39850
39345
38600
38004 Last
37060
36230
35480
Number of asterisks represents the strength...
Hello,Friends!
Previous week’s green candle means that for us the US30 pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 33337.
✅LIKE AND COMMENT MY IDEAS✅
After a test of a strong horizontal resistance,
Dow Jones broke and closed below a support line of a rising parallel channel
on a 4h time frame.
We can expect a retracement to 38230 / 38066
❤️Please, support my work with like, thank you!❤️
Dow quickly turned neutral again on its 1D technical outlook (RSI = 49.651, MACD = -238.11, ADX = 37.915) not staying for long on its previous bearish state as after hitting our TP = 37,300 it rebounded emphatically and is about to test the 1D MA50. The pattern was the same as the prior corrections inside the Channel Up: pullback to the 0.382 and -6.95% in...
Following a successful sell signal at the top of the long-term Channel Up (March 28, see chart below), Dow Jones (DJI) is staging its first attempt to resume the bullish trend:
Observing past behavior in similar circumstances often helps at making such projections, so we placed Dow's previous correction in August 2023 (right chart) next to today's. The key...
US30 broke structure and continued on a downtrend giving us a new low (Indication). It is now in a correction phase and watching as price reacts to that area 38400-38500.
If we drop and close below 38440, will be looking for entry to sell to the lows at 37300 area.
The current uptrend is expected to end at the specified Fibonacci levels and a reversal will be formed.
If the index passes the level of 78.6%, the continuation of the upward trend is likely
Price is rising towards a resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 38350.42
Why we like it:
There is an overlap resistance level which aligns with the 38.3% Fibonacci retracement
Stop loss: 38748.42
Why we like it:
There is a pullback resistance...
Taking a risky buy on US30 from the demand equlibrum lets see how it goes
THis buy holing will invalidate the early sells making the sells a low probability trade
Esteemed analysts and traders,
I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own...
