DOW JONES LEVEL FOR COMING DAYSStrong Support Near36110 Broken 38100 LEVEL 1ST Support Near 37000 Long Term Support Level 32330/34110/35220/Shortby virmahesh2
DOW JONES: Close to our Target. Is it a buy after?Dow Jones is almost oversold on its 1D technical outlook (RSI = 31.431, MACD = -279.330, ADX = 39.462) and is approaching our TP = 37,300 that we called nearly one month ago. The target will be a direct hit at the middle of the long term Channel Up and approach the 0.382 Fibonacci. As long as the 1D MA200 supports, we will then reverse to buying, at least on the short term, expecting a rebound to the 0.786 Fib (TP = 39,350) like on January 16th 2023. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##Shortby InvestingScope4
Dow Ready To Dive Breakout Retest View Hi Traders, Amit this side and i am sharing my view for Dow jones futures on weekly time frame, before moving forward i would like to say that I am not being bearish here, I am just sharing my view friends and in a bullish market corrections are always buying opportunities whatever the reason that is why I am not publishing this idea with a short tag. So as per my observations that currently price is trading in uptrend and facing a strong resistance from 42300 levels and now from last two weeks showing it's traction towards it's breakout retest area with rising selling volumes and the geopolitical conditions also seems in favor of this traction of price. Reasons that made me think it might be going to retest its breakout 1- Reason one is that after a breakout of hazardous resistance price didn't even touched once it's breakout retest price levels on weekly time frame so my view it is pending. 2- Price is facing a strong resistance near 42300 levels and didn't even close above from several days. 3- The Geopolitical conditions are largely in favor of this happening. 4- Added Fibonacci retracement tool which is showing that it closed below 0.236% on provided time frame which is also a good support according to price and i believe that Fibonacci tools are more reliable on larger time frames. 5-Rising selling volumes and there may be many reasons why selling volumes are increasing such as profit booking after a good runup and other attractive assets available etc. Rest i will update accordingly whenever is needed. This idea is meant for only educational purpose this not any kind of trading or investment advice. Best Regards- Amit by AMIT-RAJANUpdated 5539
US30 (4.15.24) V1V1 - possibly buy opportunity here to take advantage ofby TheGentlemanTrader13Updated 0
Dow Jones Manufacturing Indexes in RangeThis afternoon US releases are expected to affect the US indices in particular the Dow Jones (Ticker AT: USAIND) retail sales, also fuel and auto sector, and the NY Empire State manufacturing index from the Federal Reserve which compiles a survey of the top 200 executives of the top companies in the sector. A change in this index can indicate the pulse of exports, labour cost, consumption and delivery time among 11 other variables that are measured to mark whether the USD is stronger or weaker. Sales are expected to be better than the previous data, and production is expected to be better or rather less worse than the previous release. This will be followed by retail and business inventories, monthly housing sector data and the US government short term auction and closing the afternoon with the NOPA report on oilseed production such as soybeans, which may give a move to the commodity. Looking at the monthly trend, the index has been declining downwards since 4 April, and then with a sharp downward adjustment between 10 and 12 April, closing on Friday with data similar to its opening. In today's trading session, the index is likely to face data that will continue to force a bearish continuation. So we can foresee the index trying to return to the most traded average zone in the last period, which is at 38,948.36 points as indicated by the Price Bell Control Point (POC). If we look at the RSI it is currently in the middle zone, so we will see if it has enough strength to try to break out of the current range between 39,036.71 and 38,559.85 points in its high and low zones respectively. Ion Jauregui - AT Analyst ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk. UShortby ActivTrades1
US30 BUY IDEA US30 buy idea and explanation of how to manage stop-loss.01:20by IAmTheDisciplinedTrader111
BearishUs30 has dropped below previous month lows and has been bearish since the beginning of the month. This is a great indication markets are very bearish at this moment. First I will liek to see if price could drop, how it would react passing 37849.24. If price begins to fall I will like to see it reach the areas between 37055 & 35975UShortby S0202Trades0
correction After the completion of the recent rising wave, it is expected that a corrective pattern will be formed and naturally it can advance up to the specified time limits. If the index stabilizes above the resistance range, the corrective and downward trend will be invalidatedShortby STPFOREX1
US30 trade idea 38055 has been swept. Now there is 2 areas of liquidity (38610 & 39050) that have not been liquidated yet. We could see possible moves into these area for the next couple weeks. If not then bears will just continue breaking key structural levels to the downside.. Confirmations are always key. Longby OneSidedFX3
US30 2024/04/1515min Bearish range, still looking to short within range of POI's, fundamentals is key tho. POI's for LONG/SHORT marked outby inSidiouZ1
US30 HEAD AND SHOULER??Simple trading - Head and shoulders Us30 has broken the neck-line of the Head and shoulder pattern on the 4hr. US30 is bullish on the higher time frames so always be ready for a pullback to the upside. Looking at the daily chart to see if the price will retest previous support and turn resistance. Due to the lack of bullish momentum on the smaller timeframes, I would NOT advise taking a buy trade to previous support as the market is making lower highs and lower lows. This clearly indicates that the bears are in control. At any moment the price could drop and you do not want to be caught in that. Be patient and wait for the price to play out. Look to take a sell positions in the short term at respectable levels Shortby nikdobii3
US30We looking for buying opportunities as we are having a correction that will give impulses to the upside since we are at the support levelLongby officialpotego_fx2
Buy in US30Lets take a buy from here. as the price is at the big breakout level. Price will rise up to 450 pips towards the high swing it made last day.ULongby TradeHubLiveUpdated 9920
US30/DowWeekly analysis we have been in a bullish trending market if you can see on the trendline we have had a strong bearish candle changing market sentiment allowing you to now look for different opportunities in the market. potential downside short term to start closing opened positions? or can we see Us30 into a ranging market again?Uby FEARLESS_SNIPERS1
US30 update US30 is approaching strong support after strong CPI released on wensday lead Us30 to big bqxk, will this be a good time to take long entry or some recession coming, I will be looking for buy opportunities the next coming week n hold until the target. Longby mulaudzimpho1
US30We have had enough downside movement and we got a trendline break towards the upside so this market will buy Longby llelandforex0
SL #613100cbS 423h1 Minor pullback after massive movement Continuation Hesitate with that one End up with mixed result DShortby Art-of-Cutloss0
Us30 Weekend analysis, we aim to buy long if us30 form a reversal chart pattern on the nearest zone since it have been the strongest support over the past days and months Longby Kegofx1
Us30 analysis during the weekendUs30 is more like to form a reversal at the nearest support level since it was the strongest support over the past trades, if the level is respected and we see the reversal chart pattern forming we take a risk and enter the trade. Risk management must be used to avoid losing more capitalLongby Kegofx1
US30 BEARS ARE GAINING STRENGTH|SHORT Hello,Friends! The BB upper band is nearby so US30 is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 33605. ✅LIKE AND COMMENT MY IDEAS✅UShortby EliteTradingSignals225
US30 USD meltdown (Shorts from 38400.0)My bias for US30 has turned bearish due to the recent Wyckoff distribution that unfolded on the higher time frame, validated by a change of character and a break of structure. This confirmation prompts me to seek selling opportunities to support the downward trend. I will be targeting sells around the 20-hour supply zone, which recently triggered a Break of Structure (BOS) to the downside. Once we experience a pullback, I will seek a redistribution pattern on lower time frames to initiate sells in line with the prevailing trend. Confluences for US30 sells are as follows: - Price played a Wyckoff distribution on the higher time frame and had a CHOCH. - Continuous breaks of structure have occurred to the downside with strong momentum - Few clean supply zones have been left including the recent 20hr supply. - ATH's has been taken, and enough liq has been grabbed to start pushing price down. - still lots of liquidity and imbalances below that needs to be mitigated. P.S. Alternatively, I will wait for the daily demand. If price continues to decline, I can capitalize on a retracement back up to the supply zone, making buys a potential option this week. Wishing you all a successful trading week!Shortby Hassan_fx12
us30 1hr DBD weekly supply is down. daily supply is down. 4h supply is down. were looking for opportunity to go short. our nearest option is this 1h supply. drop base drop with 1 erc , 1:3 move away and consolidation away within our trend. take profit can be much lower as I expect the down trend to continue Shortby MastermindGND1