Considering the reaction of the index in the support range, it is expected that the upward trend will advance to the resistance range and even the resistance levels.
After the possible upward wave, the continuation of the downward trend is expected
Analysis:
Currently, US30 is BEARISH. With US30 performing a text-book Break and re-test of the area of price structure ranging between $38,050 - $37,900. Its at the area of price structure that the Market has to demonstrate price rejection to continue my "BEARISH" bias.
Enter accordingly:
SL Stop: 1%
Entry:
TP Take Profit: 3%
Bullish indications:
Resistance broken at 38227
Inverted head and shoulder pattern broken.
trend line resistance broken.
Made a new high possible change of trend.
Bullish divergence in 4 hr time frame.
Trade plan bias long @ 38247
SL:37953
TP1:38550
TP2:38826
DOW JONES 30 │ US30 │ WEEKLY OUTLOOK
Daily-timeframe
Much like the four-hour timeframe, this timeframe is bearish and tapped into a strong demand. It may reach higher into the supply zone above current price. However do not be fooled into buying, the wick is left behind is too enticing for stop/sell orders the market would definitely like to reach below that area...
DJI Dow Jones Index, Expecting good Upside.
DJI took support from demand zone. made strong pin bar on daily candle.
Shall move up from here untill this zone is not broken.
Expecting targets of 38500, 39000, 39500, 40000+
View for education only.
I'm placing my order at this liquidity grab region where the buyers at some point stepped in but lost the fight. Up there could you could find trapped traders and more sellers interested to sell at that level again.
The US 30 index shows signs of breaking its bearish channel, supported by divergence in technical indicators. A breakout could lead it towards levels of 38000 and 38300. Traders should monitor confirmation of the breakout and consider factors like market sentiment and economic data.
DJIA (US30) has made a bullish reaction off the pivot and could potentially rise towards the 1st resistance.
Pivot: 37,672.13
1st Support: 37,164.30
1st Resistance: 38,025.73
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable...
The US 30 index represents the value of the 30 largest US-registered corporations, also known as the Dow Jones index. It is one of the most-watched indices in the world because of the short list of companies it represents.
Pair : Dow Jones - DJI
Description :
Bearish Channel as an Corrective Pattern in Short Time Frame
RSI - Divergence
Break of Structure
Completed " 123 " Impulsive Waves
Support Level
US30 - LONG
us30 looks like gonna go up to any of the red line and if we get any sell setup we we can sell again, this week im expecting up move.
risk small and use Stop Lost.
Understanding the Pullback of US30 Butterfly Pattern
In the world of trading, understanding different chart patterns is crucial for making informed decisions. One such pattern is the butterfly pattern, which is currently evident in the US30 market. Traders have observed a pullback in the US30 butterfly pattern from level 1.276 to a lower level.
This...
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...
US 30 has made a bullish divergence on 1h and dxy is bearish in aprail month so its right time to place a buy stop at its resiatnace line .
I think the market will continue to rise, thanks to the continued strength of the dollar
