Dow Jones buyUs30 buy side momentum continuation overall structure represents long side Lets move buy side 🤪 Trail SL every 30 pips 1:2 RRLongby DNA_Trader_Officials2
Dow JonesOverview The chart for the Dow Jones Industrial Average (DJIA) on the 1-hour timeframe shows notable movements with the price interacting with key Fibonacci levels, support, and resistance zones. The indicators used include Moving Averages, Bollinger Bands, Commodity Channel Index (CCI), MACD, Stochastic Oscillator, and Support and Resistance levels. Key Observations 1. Moving Averages (200 MA and 50 MA): • 200 MA (Green Line): The price is currently above the 200 MA, indicating a bullish long-term trend. • 50 MA (Red Line): The price is also above the 50 MA, suggesting short-term bullish sentiment but with potential for correction as the price recently broke below it. 2. Bollinger Bands: • The price is near the lower Bollinger Band, indicating potential oversold conditions in the short term. This often suggests a potential for a mean reversion back to the middle band (20 MA). 3. Commodity Channel Index (CCI): • The CCI is likely below -100, indicating oversold conditions. This suggests a potential for a short-term rebound or consolidation. 4. MACD (Moving Average Convergence Divergence): • The MACD line is below the signal line, and the histogram is showing negative values, indicating bearish momentum. 5. Stochastic Oscillator: • The Stochastic Oscillator is below 20, indicating oversold conditions. This suggests that a rebound may be imminent. 6. Fibonacci Retracement Levels: • Key Fibonacci levels are plotted from the recent low at 38,366 to the recent high at 39,115.4. • 0.236 (38,880.8), 0.382 (38,703.9), 0.5 (38,576.0), 0.618 (38,448.7), 0.786 (38,267.4) 7. Support and Resistance Levels: • Resistance Zones: Significant resistance is seen around 39,115 and higher. • Support Zones: The recent low at 38,366 and significant Fibonacci levels act as support. Comprehensive Technical Analysis 1. Current Trend: • The long-term trend remains bullish as the price is above the 200 MA. However, the short-term trend shows potential bearish corrections as indicated by the break below the 50 MA. 2. Oversold Conditions: • The CCI below -100, the Stochastic Oscillator below 20, and the price position near the lower Bollinger Band indicate that the market is currently oversold. This suggests a potential for a short-term rebound or consolidation. 3. Volume: • Increased volume during the recent decline indicates strong selling pressure, but this could also lead to short-term exhaustion, potentially triggering a rebound. 4. Key Support and Resistance Levels: • Resistance: Significant resistance levels are at 39,115 and above. • Support: The recent low at 38,366 and Fibonacci levels (38,880, 38,703, 38,576, 38,448, 38,267) act as support. 5. Momentum Analysis: • The MACD indicates bearish momentum, but the oversold conditions in the CCI and Stochastic suggest this might not last long without a correction. Best Trade Opportunity Given the current market conditions, the best trade opportunity appears to be a short-term buy trade to take advantage of the oversold conditions and potential for a rebound. Trade Setup: • Buy Level: Around 38,791 (current level near the 0.236 Fibonacci level and lower Bollinger Band) • Stop Loss: Below 38,576 (to account for potential further downside, just below the 0.5 Fibonacci level) • Take Profit: • First target: 39,115 (recent high) • Second target: 39,200 (above significant resistance level) Trade Rationale: • Oversold Indicators: The Stochastic Oscillator and CCI both suggest that the market is oversold and due for a potential rebound. • Fibonacci Support: The price near the 0.236 Fibonacci level indicates potential support. • Risk-Reward Ratio: Entering a buy position near 38,791 offers a favorable risk-reward ratio, especially with a tight stop loss below the 0.5 Fibonacci level. • Volume Consideration: Increased volume during the recent decline indicates potential exhaustion, which might lead to a short-term rebound. Summary • Buy Opportunity: Enter at 38,791 with a stop loss below 38,576. • Targets: 39,115 (first target) and 39,200 (second target). • Rationale: The market shows potential for a rebound given the oversold conditions indicated by the Stochastic Oscillator, CCI, and support around the Fibonacci levels. by KironKavanagh2
US30In the following week we will see whether the bearish channel will hold. 38.979 is acting as resistance and will play a key role in setup. More updates to follow.by Anele_8880
Missed entry.I was looking for an opportunity to sell, and saw the 4h/1h resistance area - didn't enter. next roundby Shin_diamonds0
shortus 30broke out of upward channel towards the downside and we could be seeing a move downwards as a bigger correction apply proper riskUShortby profit70percent0
Weekly Forex Outlook Sun.June.9.2024 - Fri.June.14.2024Like and Comments would be appreciated :D Not Financial Advice, Just my outlook/opinion05:06by unkn0wntrad3r111
DJ30 New Key Levels Trend AnalysisWhen you look at the daily range on DJ30 you can see that those zones ( horizontal blue) do not offer clean entries, because they are being honored. But we get a clear direction and momentum and even though there is no clear RSI value, instead we have much volatility and a diagonal trendline being supported various times. The less distant it bounces from the trendline, the weaker it gets. Pay attention to the new trendline that has been created. It might not be very accurate yet, because we have little data. But this is how it could possibly look like if this continues to drop...DShortby Underlayer1
US30 longWeekly; Price has closed above 38,500 level which is massive zone of liquidity Price has formed a head and shoulder. This indicates that price is headed upwards to 39,100 which is the next daily level Daily; Price has closed above 38,500 or 38,550 which is a massive buy area. It has retested that same zone twice with two candlesticks. If you zoom in on the wicks you can see that yesterday's candlestick formed a higher high in comparison to Monday's candlestick. This indicates that price is going higher. 4 hour; Today price has continued its upward momentum, however, price is slowing down. Moreover, if I intuitively think about it, price is trying to go higher since there would be no reason for today's momentum to continue going higher, if there are no orders or momentum. The slowing momentum tells me that price does not have enough orders to go to 39,100. So if we zoom in and look for areas of possible entries, there are some. First of all the daily body closure at 38,550 is a massive area of buying liquidity. It is also in sync with yesterday's 4 hour region that retraced to go and collect orders at 38,450. The highest probability entry would be if price tested 38,550 and formed a buy formation 38,625. Another possible scenario is if price manages to close above 38,815 and retests it to confirm my bias, which will see me buy to 39,050. Longby kingmwenjaUpdated 1
Rand Continues to Devalue Against Dollar After Shock ElectionWeekly Wrap Up - Hope You Enjoy! DXY - Daily ERL was not breached and Weekly FVG not mitigated either as we closed the weekly with an explosive shift of structure higher on the H4. Daily run of liquidity was liquidity being engineered for an ultimate push higher., EURUSD - Initial bias on EU's daily run of monthly high (TBL) with a confluent 1H MMXM was correct as price ultimately displaced lower. GBPJPY - Fairly neutral the entire week after achieving daily ERL but failing to displace through. Anticipating further HTF consolidation on GJ which it tends to do after an extended impulse. USDZAR - Beautiful structure on this pair the entire week making continuous HH's & HL's. The daily FVG inversion was following by a 1H run of time-based liquidity which manipulated into a 4H 1-sided FVG. Anticipating displacement higher to Daily ERL short term. Political uncertainty around the future of South Africa's governing structure will continue to devalue the rand against the dollar. US30 - As the dollar gains strength I'm anticipating the sell off to continue in equity markets. Price has traded into an order block with a confluent FVG which is indicating an imminent reversal as the M15 begins to shift lower. Sam The Modern Day TraderLong18:00by Sam_Mfeka0
US 30 short - swing trade Taken a nice swing short on US 30 to finish the week Entry 38963 TP 38840 SL 39004 Targeting the sellside liquidity after we trapped the bulls in the 15min breaker. Tape read the move and waited for my SYSTEM TO CONFIRM MY TRADE. Always follow your trading system and the market ranges/ Ideally we would to see the market trade through the HTF sellside sitting around 38800 by the end of the day. Hope you guys had a nice week. Similarly I hope your trading week has been decent and looking forward to next week. As always the bottom line of the week is only a moment in time. Don't let it make you or break you. 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 Patrick27071
US30 SELL SETUPWith price failing to sweep off an Asian high before NFP , a pull back was expected. We traded the NY session moving bullish as price had started pull backing for that resting liquidity on the buy side. Price tapped into the DAILY POI (POINT OF INTEREST) and just in 0.01% into the risk area and dropped immediately. My team is already milking US30 for the 3rd time today. We're expecting price to move bearish until our TP is hit. EShortby katleho_08667
us30 longThe general trend of the Dow Jones index is upward. With the defeat of this area, it is possible to climb.Dear friend, thank you for following my analysis. aslan_forex_usLongby ASLAN_FOREX0
US 30 Sell idea.US30- Dow Jones. As per my analysis. its seems US30 is going to mitigate FVG residing around 37000-36500 region and from there it could be potential longs.Shortby HamzaGillani3
No-News-Is-Good-News for DowJonesAs is well known among traders, the monthly Non-Farm Payrolls (NPP) report is usually the most relevant release of the day and usually provides many clues as to the Fed's direction for interest rate adjustments, in this case possible cuts. NVidia has become an unusual focus of attention lately, even though short positions in AI giant have been increasing to generate a possible price adjustment, while the famous Meme-Stock GameStop continues to have especially high volatility since the famous youtuber “Roaring Kitty” posted that he would do a live session to trade it. Gamestop jumped 20% on Monday after the influencer posted a 116 million bet on the stock after a 3-year gap. We note this due to the fact that he was one of the key players in the 2021 spike where Reddit forum wallstreetbets made a massive long in favor of the firm literally rescuing it from assured bankruptcy. Shares were up nearly 50% yesterday and an additional 30% in “afterhours”. NPP (Nonfarm Payrolls) in the West's largest economy is expected among analysts to add 180,000 jobs last month, up slightly from April's 175,000, which was the smallest increase in half a year. All this under the expectation of keeping the unemployment rate below 4% for the 28th consecutive month. Economic data reports have theoretically underpinned the easing of tightening labor market conditions that could surprise to the downside. This worries the Fed that an overly strong economy would prevent rate cuts, but this has not happened so far showing a slowdown in inflation and a cooling of the labor market, which is not particularly good in macro terms either. If the employability report shows us that the US economy is losing steam and a slowdown in job creation continues, this would be expected, but if it surprises on the downside, this may generate some negative shock in the markets. A relatively ridiculous situation in macro terms, again because it would show that clearly the purchasing power of Americans is shrinking and there is a risk of a sharp reduction in domestic consumer demand, which only confirms the theoretical environment that the market would turn to a defensive environment in a very deterministic way. Next week the Federal Open Market Committee (FOMC) meets next week, but a cut is not expected at the highly anticipated meeting. Markets are currently trading at 50 basis points heading into December, which is when the first rate cut will begin. As a good first Friday in June, futures started the market weak, awaiting the payrolls, the Dow Jones has started the session slightly higher, up 35 points (0.1%), the S&P500 up 3 points (0.1) and the Nasdaq 100 up 23 points (0.1%) respectively. If the session shows that the evidence of a slowdown is consistent, this may support the long-awaited cuts. Later in the day, the Fed will meet with the ECB to discuss their joint monetary policy due to the possibility of the first Eurozone rate cut since 2019. If we look at the Dow (Ticker AT: USAIND) we see that from May 31 through yesterday's session it has recovered 923 points, or 2.43%. In order to reach the trading zone of the last week of May, it is necessary that the stocks of that market begin to behave with good profitability and the market does what is expected of it. At the moment, the RSI is in the middle zone and the POC is at 39,869 points with an unclear trading bell. That is to say, it does not seem that the market knows very well what can happen and it is precisely for that reason that “no-news-is-good-news” or what is the same, the absence of changes presents us with a bullish continuation without strength. So it would not be surprising if the price looks to head towards 39,500-39,750 points in the coming weeks before the start of the summer, especially in view of next week's meeting of the Fed and the ECB. Ion Jauregui - ActivTrades 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. ULongby ActivTrades2
DJ30 continuing bullishAfter breaking yesterdays hourly range, DJ30 is continuing bullish today and looking for a new hourly top. We have a stronger pullback in M15, reversals in M1 and M5 that have not indicated continuing yet. I do not expect much indecisiveness of DJ30 today even though, the new hourly floor is a dominant zone.DLongby UnderlayerUpdated 1
US30 ( 4H ) ( BEARISH PRESSURE )US30 Tendency the price is a short pressure in 39,120 Turning level : The turning level in 39,120 , so as long as the price under this level, there will be a bearish trend , but braking in 39,120 , the price comes bullish pressure resistance level : breaking turning level in 39,120 , the price will rise to 39,500 and 39,904 support level : trade under 39,120, the price will reach the support level of 38,564 and 38,281 corrective level : price will attempt in 39,120 , correct itself before decline UShortby ArinaKarayi445
US30 (Sensitive movements)Technical Analysis The price movement will be influenced by the Non-Farm Payroll (NFP) and Unemployment rates. Based on current expectations, the price is likely to exhibit a downtrend, though the market may experience random fluctuations. There is a possibility for a retest up to 38,790, followed by an upward push towards 39,050. Bearish Scenario: If the price breaks below the support level at 38790, it could decline to 38580. Sustained trading below this level may lead to a further drop to 38400. Bullish Scenario: Stability above 38,790 indicates a potential bullish trend, targeting 39,050. Pivot Line: 38790 Resistance Levels: 39050, 39350, 39700 Support Levels: 38580, 38400, 38290 Today's expected movement range is between the support level at 38400 and the resistance level at 39350 Summary: Downtrend Expected: Market influenced by NFP and Unemployment rates. Potential Retest: Price may rise to 38,790. Upward Movement : Post-retest, the price could push up to 39,050. previous idea: Shortby SroshMayi3
US30 to Rush Daily support *I am in no way a financial advisor and you should always do your own due diligence before placing any trade. Do not trade what you are not comfortable with losing. No trade is guaranteed. Price has made a deep pull back to level of structure broken on a retest. 200 day EMA has traveled to the area of structure recently broken with price on the other side of recently broken structure and 200 day EMA being a second confirmation, our 3rd confirmation would be first leg of double bottom made April 18th,2024 (37,286). In my opinion I believe price will travel back to the area of the what seems to be first leg of a double bottom forming and give us a second leg before traveling back to daily high resistance area Shortby l2xinvestors0
US30Key Observations: 1. Moving Averages (200 MA and 50 MA): • 200 MA (Blue Line): The price is currently near the 200 MA, which could act as dynamic support or resistance. • 50 MA (Yellow Line): The price is slightly above the 50 MA, indicating a short-term bullish trend. 2. Relative Strength Index (RSI): • The RSI is around the 50 level, indicating neutral conditions. This suggests that the market could move in either direction from this point. 3. MACD (Moving Average Convergence Divergence): • The MACD line is above the signal line, but the histogram shows decreasing bullish momentum. This indicates a potential slowdown in the uptrend. 4. Bollinger Bands: • The price is near the upper Bollinger Band, indicating that it might be overbought. This often suggests a potential pullback to the middle band (20 MA) or lower band. 5. Fibonacci Retracement Levels: • 0.236 (39,026.2), 0.382 (38,783.9), 0.5 (38,641.1), 0.618 (38,498.3), 0.786 (38,282.5): • The price is near the 0.236 Fibonacci level (39,026.2), which could act as resistance. The other levels serve as potential support if the price retraces. 6. ATR (Average True Range): • The ATR indicates moderate volatility. This suggests that while there might be significant price movements, they are not extreme. Comprehensive Technical Analysis: 1. Current Trend: • The short-term trend is slightly bullish as indicated by the price above the 50 MA. However, the proximity to the 200 MA suggests caution as the overall trend could be neutral to bearish if the price fails to sustain above the 200 MA. 2. Neutral RSI: • The RSI around 50 indicates no strong momentum in either direction, suggesting potential consolidation or a balanced market. 3. Key Support and Resistance Levels: • Resistance: 0.236 Fibonacci level (39,026.2) and potentially the upper Bollinger Band. • Support: 0.382 Fibonacci level (38,783.9), 0.5 Fibonacci level (38,641.1), and 0.618 Fibonacci level (38,498.3). 4. Momentum Analysis: • The MACD indicates bullish momentum, but the decreasing histogram suggests a potential weakening. This requires monitoring for signs of a bearish crossover. Potential Buy and Sell Levels: Buy Levels: 1. Support at 0.382 Fibonacci Level (38,783.9): • If the price finds support around this level and shows bullish reversal signals, consider entering a buy position. • Buy Level: 38,783.9 • Stop Loss: Below 38,700.0 (just below the support level to avoid false breaks) • Take Profit: First target at 39,026.2 (0.236 Fibonacci level) and second target at 39,200.0 (previous swing high) 2. Lower Bollinger Band Area: • Consider buying near the lower Bollinger Band for a short-term rebound. • Buy Level: Around 38,600.0 (if the lower Bollinger Band is around this level) • Stop Loss: Below 38,500.0 (to account for potential volatility) • Take Profit: Middle Bollinger Band (approximately 38,900.0) Sell Levels: 1. Resistance at 0.236 Fibonacci Level (39,026.2): • If the price rebounds to this level and faces resistance, consider entering a sell position. • Sell Level: 39,026.2 • Stop Loss: Above 39,100.0 (just above the resistance level) • Take Profit: First target at 38,783.9 (0.382 Fibonacci level) and second target at 38,641.1 (0.5 Fibonacci level) 2. Middle Bollinger Band Area: • If the price fails to sustain above the middle Bollinger Band, consider entering a sell position. • Sell Level: Around 38,850.0 (if the middle Bollinger Band is around this level) • Stop Loss: Above 38,950.0 (just above the middle Bollinger Band) • Take Profit: First target at 38,600.0 (lower Bollinger Band) and second target at 38,500.0 Summary: • Buy Levels: • 38,783.9 (with stop loss below 38,700.0 and take profit at 39,026.2 and 39,200.0) • Around 38,600.0 (with stop loss below 38,500.0 and take profit at 38,900.0) • Sell Levels: • 39,026.2 (with stop loss above 39,100.0 and take profit at 38,783.9 and 38,641.1) • Around 38,850.0 (with stop loss above 38,950.0 and take profit at 38,600.0 and 38,500.0)by KironKavanagh2
Daily Analysis - 06/06/2024 - The Modern Day TraderSpotlight Pair: USDZAR - Short - Daily IRL (Fair Value Gap) currently holding with a failure to invert yesterday and a large wick to the upside today indicate bearish pressure. - 1H Market Maker Model with 2 clear corrections before the current pending market structure shift. - M15 inverted fair value gaps which are already indicated an imminent sell off. Be mindful of a mitigation of the 4H fair value gap and then price trading higher around tomorrow's (07/06/24) true open as a strong indication of price heading lower. Sam The Modern Day TraderShort19:58by Sam_MfekaUpdated 0
US30 PredictionBeginning with our weekly timeframe, we have seen that US30 has twice struck a zone of strong resistance. US30 hit an all-time high of 39,984.1 on April 1, 2024. On Monday, May 20, 2024, that level was again hit, forming a double top and, in accordance with our trendline, a resistance level. The market subsequently dropped right away to the zone 38,023.1, which was a solid area of support. We are now in a bullish rise that I believe will retrace to about 39,007.1. At that point, I will open a sell position and aim to capture my profits at the levels listed below. TP1: 38,799.2 TP2: 38,348.6 TP3: 38,017.5 TP4: 37,673.3 TP5: 37,282.4 Moreover, if the forex gods are insane TP6: 36,026.4 I appreciate you viewing my analysis. Any and all criticism is appreciated.Short08:07by thobanizumaUpdated 7
possibility of uptrend If the index can stabilize above the resistance range, it will be possible to continue the upward trend up to the specified resistance levels. Otherwise, the initiation of the corrective process will be likelyby STPFOREX0
Dow Jones analysis TP hitUs30 sell analysis got TP hit instant with 150 pips 1:1 RR got TP It's in the news time happened yesterday Us30 buy side analysis also got 180 pips before In this chartShortby DNA_Trader_Officials0