DOW JONES - DOUBLE TOPHello Traders ! On Friday 7 June, The dow jones reached a resistance level (39114 - 39217). The price formed a double top pattern. At the moment, The neckline is broken ! So, i predict a bearish move📉 ___________ TARGET: 38115🎯Shortby Hsan_BenhmedUpdated 141424
US30 Sell Setup Incoming!Based on the daily structure, there is a strong rejection and respect of the Fibonacci levels. The volume also supports this view, showing a clear accumulation of liquidity. I confidently anticipate a liquidity injection during the New York session! Must was Heavy new on Dollar ( 30 yr bond auction rate) Use proper risk management!!Shortby ShinForex1Updated 9914
Hellena | DJI (4H): Short to the support area 37616.32.Dear colleagues, having reviewed the waves I assume that now the price is in a big correction and I expect that the price will continue downward movement to the support area 37616.32 (completion of the wave “C”). Before that a small correction to the resistance area 38978.81 is possible. Manage your capital correctly and competently! Only enter trades based on reliable patterns!Shortby Hellena_TradeUpdated 272776
US30My View on US with the current news forecast. Tomorrow might be a great pump after seeing some accumulation on 1H time frameLongby randybrigittaUpdated 336
DOW JONES - BEARISH TREND.Dow Jones (us30) index has been consolidating for around 9 days and now it's showing a good pattern breakout for a down/bearish trend for at least 2 weeks will be trending all the way to 37339.1 LEVEL and it will start to consolidate for another trend or reversal.Shortby KIRANI-MCHUMA773
US30 ( BULLISH ) ( 4H )US30 HELLO TRADERS Tendency the price is a long pressure in 38,765 FVG : The price FVG between level 38,765 and 38,556 , so as long as the price above 38,765 , it will be attempt to resistance level , braking 38,765 touch 38,556 , stable this level it will be attempt to order block ORDER BLOCK : the price in order block between 38,281 and 38,067, so it will breaking 38,067 the price attempt to decline RESISTANCE LEVEL: price trade above FVG at 38,765 , the price will rise to 39,014 and 39,207 SUPPORT LEVEL : the price breaking 38,765 , it will reach the support level of 38,556 then stable this level reach to 38,281 and 38,067 CORRECTIVE LEVEL : price will 38,765 , correct itself before long I HOPE YOU A PROFITABLE DAY ULongby ArinaKarayiUpdated 1113
US30US30 Technical Analysis US30 Looking Bullish on LTF and also HTF Daily Structure both are going good, expecting continuation upside as i mentioned.. ThanksLongby AFFINITY_MARKETS2210
DOW JONES SHortsBears are tyring to sneak in, this could be a good scenario to short towards 38500. Use appropriate risk management.Shortby J_Ngatia225
US30: Inside day, first red dayHi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you! “Trade setups, not movements” 1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion) Monday DAY 1 Opening Range Tuesday DAY 2 Initial Balance Wednesday DAY 3 (reset DAY 1) Mid Point Week Thursday DAY 2 ✅ day 3 cycle Friday DAY 3 Closing Range 2. SIGNAL DAY First Red Day ✅ First Green Day 3 Days Long Breakout 3 Days Short Breakout Inside Day ✅ 3. WEEKLY TEMPLATE Pump&Dump ✅ Dump&Pump Frontside Backside 4. THESIS: Long: secondary, the inside day can also be a signal for a major move trend trade, considering as well that the market is still inside the previous high low of the week. To take in consideration this trade, the market should come into the breakout level of the inside day and consolidate for 30/45 min on that level, looking for a dump and pump scenario. Short: primary, the first red signal, typically is a short signal, the price looks at the moment pumping up 3 levels, if the current HOD will be locked in until 9:30am, I will surely be looking for a sell high opportunity. Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement. Gianni Shortby GianniPichicheroUpdated 223
US30 ( STABLE IN BEARISH ZONE )US30 HELLO TRADERS YESTERDAY , THE PRICE REACH FITST TARGET + 350 PIP DROPPING , TODAY STABLE IN BEARESH AREA ATTEMPT TO REACH A 38,110 Tendency the price is a short pressure in 38,545 Turning level : The turning level in 38,545, so as long as the price under this level, there will be a bearish trend resistance level : breaking turning level in 38,545 , the price will rise to 39,016 and 39,318 ,stable this level it will started a bullish trend support level : trade stable under 38,545, the price will reach the support level of 38,110 and 37,794 corrective level : price will attempt in 38,545, correct itself before decline I HOPE YPOU A PROFITABLE DAY UShortby ArinaKarayiUpdated 114
Dow Jones Market Forecast 2024-2042I have put together what I believe is the correct market forecast for the remainder of this Secular Bull Trend. Currently, today, June 2024, we are in the middle of a monthly pullback/consolidation. I have marked the low, that I believe will hold, with the grey box at price level 35,100-35,900. Once broken out of the bull flag, price should shoot up to 44,000 before spending 24 months in a slow, grind higher up to 47,000. Once the break out of the rising wedge in late 2027, price will now be on an accelerated trend of a parabolic nature to complete the final wave of the secular bull trend. It will then hit its first peak at 120,000 and then proceed in a 30% decline, breaking the accelerated trendline and making its way back to the original trendline. It will then proceed with another rally, making its way up to 150,000 for the final wave higher and the start of the Secular Bear Market. Here is the monthly chart that I will use to enter my next buy at around price level 36,000 with my target at 115,000-120,000 Longby travis18haneyUpdated 224
Downward trend It is expected that the index will change the trend in the current resistance range and we will see the beginning of the downward trend. If the index crosses the resistance range, the continuation of the upward trend is likely. Shortby STPFOREX223
CHART BREAKDOWN US30: Key Levels, Targets and Thoughts!Brief Description🖊️: The chart provides insights into critical market levels, emphasizing an essential demand zone (low-risk buy zone) spanning from 38.160 to 38.100, respectively, is highlighted. Things I Have Seen👀: Important Demand Zone🟢: Identified between 38.160-18.100, serving as a low-risk buy. Bullish Targets📈: 38.300: Possible retracement area. 38.550: Possible retracement area. 38.800: Possible retracement area. 39.030: Significant supply zone. Ultimate Target: 39.130- Liquidity area. What's Important Now❗ Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.Longby TTradessss1113
US30: First red day, on the backside moveHi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you! “Trade setups, not movements” 1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion) Monday DAY 1 Opening Range Tuesday DAY 2 Initial Balance Wednesday DAY 3 (reset DAY 1) Mid Point Week Thursday DAY 2 ✅ day 2 cycle Friday DAY 3 Closing Range 2. SIGNAL DAY First Red Day ✅ First Green Day 3 Days Long Breakout 3 Days Short Breakout Inside Day 3. WEEKLY TEMPLATE Pump&Dump ✅ Dump&Pump Frontside Backside ✅ 4. THESIS: Long: secondary, intraday scalp LOD to CP, if the 3 session setup asia, London and NY create a dump and pump scenario. Short: primary, first red day, backside, this market now potentially can complete the weekly pump and dump and also the bigger template of two weeks. Looking for a pullback continuation short after 9:30am NYT (equity opening) Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement. Gianni Shortby GianniPichicheroUpdated 228
US30 Will Go Higher! Long! Here is our detailed technical review for US30. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 38,672.5. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 39,721.8 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProvider227
Us30 Dow Jones Industrials*this whole downside channel is a pattern which will break to the upside so hard. *the channel have been failing to break support for a very long time giving us very high bullish spikes. *we are now on a bullish flag-like pattern...which of course i thought would hit my previous support level for snipe entries...but came close..then formed a w...this W will break then reach previous high level...after that it will retrace back to the neckline then start to shoot high up..Longby theopontsho3227
US 30 - Ranges overview The overall HTF ranges are clear on US 30. Today is Friday so don't hesitate to size down on your trades and protect your capital. IF we hold these current levels expect further upside to the buyside liquidity IF we break below the current lows expect us to aggressively trade towards the sellside liquidity left earlier today Hope you guys had a nice week and enjoyed it to the fullest. Hopefully your trading week was a good one. As always whatever the results (positive or negative) they only reflect this week...not your trading journey. 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 Patrick2707223
US 30 short - swing tradeTaken a nice swing short on US 30. Taken some profits and letting some of my positions run. Let's see how the market moves from here. Entered on the basis of the imbalance (red box) targeting the HTF sellside liquidity resting at 38850 Entry 38889 TP 38850 SL 38903 As always PATIENCE, FOLLOWING YOUR SYSTEM and RISK MANAGEMENT is key. 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. Shortby Patrick2707223
DOW JONES Bottom next week. 42k long-term Target.Dow Jones (DJI) is about to close a red 1W candle, staying flat basically for the 3rd week in a row. May's Double Top on Resistance 1 (40075) technically calls for an approach attempt on Support 1 (37250) but that doesn't invalidate the long-term bullish technicals as the pattern is a 1.5 year Channel Up. As a result, with the 1W MA50 (blue trend-line) supporting since the week of October 30 2023, closing in towards Support 1, we expect a bottom to be formed next week when the 1W RSI makes a Lower Low. As you can see, the last 3 long-term buy opportunities have been when a 1W RSI Channel Down (blue) made a Lower Low. Our long-term Target for Q4 is 42000 (just above the 0.786 Fibonacci Channel level). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇by TradingShot14
Dow Jones Top Down Analysis12 month Chart On a measured move to hit 150,000 in this current Bull Secular Trend 3 Month Chart Trendline for each bull cycle holds well 1987 = 2019 covid crash. The same area in the bull cycle followed by a break to new highs, a pullback and a grind higher. We are in the grind higher, awaiting the accelerated trend to start Monthly Chart Price is trending on its 3 month bull cycle trendline. Price is in a pullback on the monthly back to the November 2023 Fat Bullish Bar's top demand area/grey box Weekly Chart Price is in its pullback phase with price oscillating around the opening price of 2024. It is currently forming a Weekly bear flag and is getting ready to break to new lows soon to oscillate around the bottom portion of 2024's open Daily Chart Price is in a bearish pattern, a bear flag. I am expecting lower prices. I am also waiting for another bounce inside that flag before the drop 4 Hour Chart Price is bouncing up towards the yellow box for the second top before the completion of this bear flag. Bias is Bullish short term 15 Minute Chart A triple bottom with the third bottom as a higher low, a break of structure over the NY open's high. Price is bullish on the 15 minute chart to take out those pivot highs up until CPI's peak high. Longby travis18haney111
Us30 200 pips profit Us30 buy signal running 200 pips successfully 1:3 RR Overall trend buy W pattern formed in trend line Longby DNA_Trader_Officials330
US30 - Entry Zone Update!Following on from our previous analysis where we shared the higher timeframe analysis, we are now seeing a correction which we can capitalise on. We are watching for price to move into our sell zone where we'll look for signs of reversals on lower timeframe. We are not anticipating price to create a new high so we can use 40.1k as invalidation levels for this scenario. SHORT Trade Idea: - watch for price to move into sell zone - Once there, look for signs of reversal on lower timeframe. We'll be looking for an entry trendline - Once entered, have stop loss above the correction - Target the buy zone 37k Our longer term setup will be the buy setup once we enter buy zone. Goodluck and as always, trade safe!by WicktatorFXUpdated 13
Optimal US30 Entry: Capitalizing on Weak USD Amid Soft InflationHello Traders, In today's trading session, we are closely monitoring the US30 (Dow Jones Industrial Average) for a potential buying opportunity around the 38200 zone. The Dow Jones is currently trading in an uptrend and is undergoing a correction phase, bringing it closer to the key support and resistance area at 38200. This level has historically acted as a significant pivot point, making it a strategic entry point for long positions. From a fundamental perspective, we are considering the negative correlation between the USD and the Dow Jones. The USD has been weakening following a series of soft inflation data. Yesterday's CPI report came in lower than expected, and the Federal Reserve adopted a dovish stance during the FOMC meeting, further easing monetary policy. Additionally, today's PPI data also came in softer than anticipated, reinforcing the trend of easing inflation. This series of soft inflation readings is expected to weigh heavily on the USD, as lower inflation reduces the need for aggressive monetary tightening by the Federal Reserve. A weaker USD is generally bullish for equities, including indices like the US30, as it enhances the appeal of US assets to foreign investors. Given these fundamental factors, the 38200 zone presents a decent support zone for the US30. Trade safely, JoeLongby JoeChampionUpdated 5521