US30 possible long for 38970accumulation phase around 38150-38800 in 1 hour time frame. demand zone for long 38150-38080, stop loss: 37990, target: 39970Longby PyramidFx6
US30 (Consolidation zone) Technical Analysis The price increased by approximately 1.95%, perfectly reaching our previously mentioned targets. Today’s Outlook: The price is expected to consolidate between 38,580 and 38,790 until a breakout occurs. Bearish Scenario: If the price breaks below the support level at 38,580, it could decline to 38,400. Sustained trading below this level may lead to a further drop to 38,050. Bullish Scenario: Stability above 38,790 indicates a potential bullish trend, targeting 39,050. Pivot Line: 38580 Resistance Levels: 38790, 39050, 39350 Support Levels: 38410, 38020, 37820 Today's expected movement range is between the support level at 38400 and the resistance level at 39050 previous idea: by SroshMayi6
US30 - MON 3 JUNE 24 - TRADE SETUPPrice manipulation to the downside. The market is likely to deliver to the upside. Business DataLongby karenzialvin3
US30 ANALYSIS US30 looking for potential move to the upside 1:2 RR Overall trend buy side this breakout made flyLongby DNA_Trader_Officials0
correction It is expected that the correction process will continue until the support range, then according to the behavior of the indicator in the green support range, the continuation of the movement process will proceed according to the specified paths.Shortby STPFOREX1
US30 longDaily; 38,750 is a region that has been broke and has not been tested There are long wicks being formed to the downside which tells me that price is showing bullish momentum. Moreover, Friday's candlestick closed below 38,550 which indicates to me that price is headed downwards but needs to collect orders first of all. 4 hour; Price has formed a head and shoulders formation by retesting 38,500 Next target is 38,645. Waiting for a good buy setupLongby kingmwenja0
Can we see more bearish movement ??After poor results from the CPI, PPI and Initial jobless claims report, markets have not been able to show any bullish signs last week US30 - As we can see, price came back to retest the zone above 39028.55 (which was the previous weeks high) and broke 4h structures to the downside first at 38441.93. My ultimate target will be the 37212.17 area. The weeks candle still opened and closed with the previous weeks candle (Jun 3), so I will be anticipating a strong move GER40 - The DAX has been bearish consecutively for 5 weeks in a row, showing a very strong bearish weekly candle last week. I will like to see price take the previous months low and head towards 17401.6 Ultimately, I will be looking for more bearish momentum and also price to take each previous week low. The economic calendar seem to be packed for Thursday. Retail sales on Wednesday will be a good indicator to see how the affect of interest rates have affected the US economy and if they will need to adjust the rates sooner than laterUShortby S0202Trades2
Bearish Bias on US30Monthly chart shows that US30 had hit its high around 39k. My bias is for US30 to come down.Shortby kailevel0
DOW JONES - Completed Pattern. OANDA:US30USD While the OANDA:SPX500USD & OANDA:NAS100USD have been hitting new highs the DOW has struggled and has completed a Double ABCD Gartley pattern on friday and sold off into the close. Setting up potential downside targets of 38300, 37800 & to complete the bigger pattern @ around 37k. If we start heading lower on Monday then that could put the wheels in motion for the bigger correction. Big data out mid week will send it one way or the other. Enjoy the week. I will post shorter time frame areas to watch with potential intraday turns points. Shortby L_FUpdated 0
Jun 16, 2024 - US30 PreMarket Analysis 2Jun 16, 2024 - US30 PreMarket Analysis 2 Another approach to the analysis using trend, MA, and indicatorsShortby Trader6040
Jun 16, 2024 - US30 - PreMarket analysisJun 16, 2024 - US30 - PreMarket analysis Following trend and indicators, appears will go up and down later.by Trader6040
Us30 next moveBefore you make Consevation with people's you should check if their mindset is mature enough to discuss different perspectives,are they mature enough to face truth n reality,don't argue with someone who is doing it for win not for the truth,here is successful elite you don't have to miss this elite alot of flites already pass,this the last flite that is leading you to financial freedom.Longby mulaudzimpho0
Long IdeaStill bullish on US30. Re-tracement leg possibly still in progress. Waiting for price to take the low and reach zone before initiating buys. Safe and happy trading week.Longby WikFx0
back testing king aaronbased upon the 3 candlestick rule, my prediction was for the chart to create new highs. Eventually, that was the case, but, before it cleared the liquidity and then proceeded to bullish to new highs. 100 ticks was the objective but still dont know how to do that yet, but soon to come.Long09:31by aarudaprodigy0
Us30 analysis Dow Jones looks like more fallen 😳 1:2 RR Move your SL every 40 pips Overall trend sell in DAY , 4H , 2H ,1HShortby DNA_Trader_Officials0
In the direction of analysisThe analysis is following well, on this downward trend line, you can take a TB position and the goal is the low weekly floor .Shortby ehsan_13510
Us30 possible sellUsing a break and retest strategy with price action analysis for us30 involves identifying key support and resistance levels and then waiting for the price to break through these levels before entering trades on the subsequent retest.Shortby thulasizwephetha230
DOW JONES - ShortHigher for longer rates making it difficult to raise the index even as NASDAQ and SP500 are shooting up. Apple's recent bull run has proven quite powerful, yet it hasn't been felt on the DJ. On the technical side we have a beautiful H&S pattern. Looking to see if it'll play out.Shortby thelifeIlead_0
Idea on DOWJONES / US30 next market movementsYesterday was the CPI and FOMC saw the market strongly make a bearish movement, which in my engulfing show that the market will continue bearish. However, when looking to the left the price reaches on my target price to make a upward movements, but it will be confirmed after the H1 candle closed. Waiting for the price reaction. The reason is D1, H4, H1. Only pure engulfing.by Zamani940
US30Detailed Analysis of Dow Jones Industrial Average (DJIA) on 1-Hour Chart Indicators Used: • Moving Averages (MAs) • Bollinger Bands • Support and Resistance Levels • MACD (Moving Average Convergence Divergence) • Stochastic Oscillator • Volume Technical Analysis: 1. Moving Averages: • Short-term (Red) and Long-term (Green) MAs: The price is currently below both the short-term and long-term moving averages, indicating a bearish trend. • Price Action: The price has shown resistance at the moving averages, confirming the bearish outlook. 2. Bollinger Bands: • Band Width: The bands are widening, indicating increased volatility. • Price Position: The price is near the lower band, suggesting bearish momentum. 3. Support and Resistance Levels: • Immediate Resistance: Around 39,000, aligning with recent highs. • Immediate Support: Around 38,500, which aligns with previous lows and a key support level. 4. MACD: • Histogram and Signal Line: The MACD histogram is showing negative values, and the MACD line is below the signal line, confirming bearish momentum. 5. Stochastic Oscillator: • Current Reading: The Stochastic Oscillator is in the oversold territory but not yet at extreme levels, suggesting potential for further downside before a possible bounce. 6. Volume: • Recent Activity: Volume spikes during price drops suggest strong selling pressure, reinforcing the bearish outlook. Observations: • Bearish Momentum: Indicators collectively suggest bearish momentum, with price below the moving averages and the MACD indicating negative momentum. • Support Test: The support level at 38,500 is critical. A break below this could accelerate the downtrend. Best Trade Opportunity: Trade Setup: • Entry Point (Short): Consider entering a short position if the price breaks and sustains below the support level at 38,500. • Confirmation: Look for confirmation with continued bearish signals in the MACD and Stochastic Oscillator. • Stop Loss: Set a stop loss above the immediate resistance level at 39,000 to minimize potential losses. • Target: Aim for a target around the next support level at 38,000. Alternative Long Trade Setup: • Entry Point (Long): Consider entering a long position if the price holds above the support level at 38,500 and shows bullish reversal signals. • Confirmation: Look for a bullish crossover in the MACD and Stochastic Oscillator exiting oversold territory. • Stop Loss: Set a stop loss below the support level at 38,400. • Target: Aim for a target around the resistance level at 39,000. Confidence in the Trade: Confidence Factors: • Technical Confirmation: Multiple indicators aligning with the bearish trend provide confidence in the short trade setup. • Support and Resistance: Clearly defined support and resistance levels provide a reliable framework for trade planning. • Volume: Strong selling pressure indicated by volume spikes adds weight to the bearish sentiment. Factors to Monitor: • Market News: Keep an eye on any significant news or events that might affect the DJIA, as they can quickly change the market sentiment. • Volume: Continued observation of volume trends for confirmation of price movements is essential. Summary: • Primary Trade: Short position below 38,500 with a target of 38,000. • Alternative Trade: Long position above 38,500 with a target of 39,000. • Confidence Level: Moderate to high for the short trade setup, given the strong bearish indicators and selling pressure. Monitor for confirmation before entering Shortby KironKavanagh0
WALL STREETAfter a successful rally to the upside, the volatile index is experiencing a difficult time continuing its rally upwards. Encountering a minor psychological level, price is bound to be repelled towards a bearish direction as it confluences with a mitigation level. Remember even if price doesn't go your way, NEVER STOP TRUSTING YOUR SETUP.Shortby Iron-DUpdated 115