Dow Jones (DJI) hit the 38050 Target that we set on our last bearish call (March 28, see chart below) and broke below Support 1 (February 13 Low) and the 1D MA100 (green trend-line):
The price now faces more selling pressure being below two MA periods and with the long-term Channel Up (started on the October 13 2022 bottom), having considerable downside to...
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...
Hey Traders
US30 is making its way back towards yesterday's high, presenting us with a potential opportunity to capitalize on the medium-term bearish trend. I'll be keeping a close eye on the 38000 level, as its ability to hold will determine my entry into a short position.
My target for this trade is the first support at 37600, with a further hold for 37250 if...
The DJ30 is rising toward a resistance level, which is a pullback resistance aligning with the 23.6% Fibonacci retracement, and it could reverse from this level to reach our take profit target.
Entry: 37624.38
Why we like it:
There is a pullback resistance level which aligns with the 23.6% Fibonacci retracement.
Stop loss: 38056.29
Why we like it:
There is a...
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...
Dear colleagues, I believe that wave "4" is not yet completed. To complete it, it is necessary to complete the double zig-zag. I expect that the movement "c" will end in the area of 37350, then I expect growth and the beginning of wave "5" with the goal to reach at least the resistance area of 38458. Be careful, perhaps wave "c" will be a bit shorter and it will...
I'm just a newbie in forex, and this is just what on my mind with US30. Lol, please don't hesitate to comment on my analysis. Your comments will really help me improve my analysing skill. Thank You.
The Dow Jones Industrial Average, a bellwether index reflecting market sentiment and economic outlook, experienced a notable shift in dynamics following remarks by Federal Reserve Chair Jerome Powell. After a previous push-down impulse triggered by Powell's speech yesterday, the index exhibited a remarkable recovery during the Asian session, opening the new...
US30
We saw some nice rejections from this 38,000 region yesterday, hoping for the same type of play, we rejected very close to that 38,000 price. Pushing a high on the retest of just 38,030.
Still bullish for the dollar and therefore looking for US30 and US100 to pull south until sentiment changes. Order details as detailed below. Plenty more mileage beyond...
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...
Hoping to take sells off of the demand up on top. Hopefully we see price retrace nicely and not impulsively into our POI.
Goodluck to everyone trading today
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...
US30 have been moving downtrend creating new lows due to the gap we have that haven't been filled from the sell side liquidity now the price just got rejected from the previous lower high
am taking a short from this zone targeting 4000pios
join and enjoy
Hi everyone!
the markete of US30 is continously down.Now it seems a reversal footprints .Markete accumulated for a long time in 4H chart manipulates and now its time to distrbute.
Good Luck
Regards,
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.
Price above the monthly cloud timeframe
Price above the weekly cloud timeframe
Price above the daily cloud timeframe
On the H1 timeframe, I'm waiting for the price to move above the cloud to signal a buy setup.
Previous Analysis:
US30 demonstrates very strong price rejection with "BEARISH" price action candles developed in the previously mentioned price range between $38,050 - $37,900. Price appears to be in an "ACCUMULATION phase", low-key consolidation but a wider range of price movement or fluctuation. Its following this phase in market movement we can begin to...
