DJ30 shortHas been falling throughout Asian session further. I would be careful around the next zone 38570 and if there are any reversal patterns in M15, otherwise you can take any pullback (highs in RSI) and pull the trigger. Is pretty safe now :)DShortby UnderlayerUpdated 1
US30 Bullish Outlook: Key Targets and Order Flow InsightsGreetings, Traders! Brief Description🖊️: At the moment, I am expecting a bullish switch in institutional order flow for US30, which will push the price upwards. The price originates from a daily bullish order block, and I am looking for this to support the price, leading to a bullish draw upon confirmation. Things I Have Seen👀: Bullish Support Zone📈: The price is currently supported by a daily bullish order block, indicating a potential upward movement. Price may also look to respect the rejection block and use that as a support to continue the bullish narrative. Engineered Liquidity🔄: Along the way, my anticipation is to absorb all the engineered trendline liquidity that has been presented. Bullish Targets📉: H1 Bearish Order Block: The primary target for this bullish move. What's Important Now❗ To confirm the anticipated bullish draw, we need to observe the price action and look for supportive signals at the daily bullish order block. Stay tuned for real-time developments and further insights. Kind Regards, The_ArchitectLongby The_Archi-tect2
US30 Short positionHigher timeframes are showing a bearish momentum. the 2H timeframe has been n consolidation. Shortby The90sTrader113
[Early Warning] Dow Jones showing weakness, will dip furtherTVC:DJI has formed 5 waves down in daily timeframe. Unless this 5 wave structure turn into a 7 or 11 wave (counter-trend) formation, this is likely a beginning of short term down-trend. Now, this down trend could play out in different ways, 2 of the most likely options are highlighted in the chart. This 5 wave decline could be a larger ABC (or WXY/WXYXZ) which is highlighted in red color. Or worse, this could be beginning on a larger trend down and this is just minor wave i of larger 1. This is highlighted in blue color. Both of these alternatives are bearish in nature. We can expect a bounce which might go around 61.8% (~39,500) though it doesn't need to be that much. Just remember that for this scenario to play out, this 5 wave structure shouldn't change into a 7 or 11 wave structure as mentioned above.Shortby TradeCentral_IN2
Dow Jones and SP500The Dow Jones and SP500 CME_MINI:ES1! support our thesis, with the Dow closing below the 50 EMA yesterday. For both indices, the 2021 ATH is a critical short-term target, offering a chance to catch our breath before the final push. Meanwhile, the VIX, though currently low, made an intriguing upward move yesterday, indicating a potential shift in market sentiment shortly.Shortby ChartScope2
US30, wave 5 should start now towards 42kLooking at US30 we have a high probability of turning into bullish again. RSI long signal Strong daily support Bullish Engulfing candle Possible wave 4 low I expect new ATH to be build soonLongby KyreanUpdated 2
correction It is expected that the corrective trend will change the trend in the current support range and we will see the beginning of the upward trend according to the specified path. By crossing the support range, the continuation of the downward trend will be likelyby STPFOREX2
Short Weekly Based on technical and price action analysis, the US 30 is expected to be short on a weekly timeframe, potentially dropping to 32,500.Shortby shayangh841
US30Certainly! Let's break down the concept of the 38% retracement into its key components for a clearer understanding: 1. **Fibonacci Retracement Levels:** These are horizontal lines used in technical analysis to identify potential support and resistance levels in a price chart. They are based on ratios derived from the Fibonacci sequence. 2. **The 38% Retracement Level:** Specifically, the 38% retracement level is derived from the Fibonacci ratio of 0.382. It indicates a potential reversal or pause in the price movement within a larger trend. 3. **Application of the 38% Level:** - **Uptrend:** In an uptrend, traders draw the retracement from the low to the high. The 38% retracement level serves as a point where the price might find support during a pullback. - **Downtrend:** Conversely, in a downtrend, the retracement is drawn from the high to the low. Here, the 38% retracement level acts as potential resistance during a rally. 4. **Drawing the Retracement:** - Traders identify the most recent significant high and low points in the price movement. - For an uptrend, the retracement is drawn from the low to the high, while for a downtrend, it's drawn from the high to the low. 5. **Usage of the 38% Level:** - Traders observe how price reacts around the 38% retracement level. If the price bounces off this level and resumes the prevailing trend, it validates the retracement and offers a potential entry point. - It's common to combine the 38% retracement level with other technical indicators for confirmation, such as moving averages or trendlines. 6. **Example Scenarios:** - In an uptrend scenario, if a stock moves from $100 to $150, the 38% retracement of this move would be at $131. Traders might watch for the stock to find support around $131 and consider entering long positions. - In a downtrend scenario, if a stock drops from $150 to $100, the 38% retracement level during a rally would be around $119. Traders might anticipate resistance around $119 and consider shorting opportunities. 7. **Significance:** - The 38% retracement level is significant because it often acts as a key support or resistance level where price reversals may occur. - Traders use this level to make informed decisions regarding entry, exit, and risk management within the context of a larger trend. Understanding the 38% retracement level and its application within Fibonacci retracements can provide traders with valuable insights into potential price movements and opportunities in the financial markets.Shortby B9A-88652-NisarAhmad5
DJ30 in new rangeWait for BOS M15 or enter already. 300 pip SL today is crazy. Its a HKL here, middle risk but pretty secure its reaching for a new floor.DShortby UnderlayerUpdated 1
KEEP SELLING US30!!!!!!!!!!US30 have completed over 4000pips move in our favor from our first entry now price just grabbed liquidity from the fvg zone and heading to create new lows am going in on a sell from this zone till my target is completed.........Shortby CAPTAINFX22
US 30 short - swing tradeTaken a swing short on US 30. Once we trapped the bulls and took out the buyside liquidity and closed back below the range entered targeting the HTF OB sitting around 38065 Entry 38118 TP 38080 SL 38127 Noted the daily sellside liquidity (red line) so let's see IF the market wants to hunt it around the NY open. IF we fail to create new lows around here expect us to retrace towards the 15min breaker (blue box) IF we close below the current lows expect us to run the daily sellside and the HTF sellside liquidity of the FVG (yellow box) 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
Hellena | DJI (4H): Short to the support area 37616.32.Dear colleagues, having reviewed the waves I assume that now the price is in a big correction and I expect that the price will continue downward movement to the support area 37616.32 (completion of the wave “C”). Before that a small correction to the resistance area 38978.81 is possible. Manage your capital correctly and competently! Only enter trades based on reliable patterns!Shortby Hellena_Trade1
DOW30The direction of the Dow Jones is currently upward, influenced by dovish signals from the Federal Reserve, favorable economic data, and positive earnings reports. Investors are closely monitoring upcoming inflation data and Federal Reserve comments to gauge future market movements. Disclaimer: Please note that the information provided here is for educational and informational purposes only and should not be considered trading or financial advice. Always conduct your own research and consult with a professional financial advisor before making any investment decisions.Shortby KhalilKarimii1
US30 BUYBased on what price action is showing, the market is s currently showing a reversal chart pattern plus RSI divergence. If the current 2hr candle closes bullish engulfing, I'll be taking a buy from the current price range.Longby WiLLProsperForex2
Buy Setup Currently Trading At 38823 , Buy On Dip Till 38593 For The Target 39468--39778 Longby FibooGannUpdated 1
us30us30 trade idea. buyers are stepping in seems like price created fresh demandLongby luyandanhlapho71
correction It is expected that the continuation of the correction process will advance to the support ranges and specified time. Then it is expected that a trend change will take place and we will witness the beginning of an upward trendShortby STPFOREX1
DJI30I believe that the DJI is set up for a major correction. Looks like a double top has formed. I did 2 different fib lvls. Red lines is 2008 low to this high and orange is COVID low to this high. Lvls clearly marked. Do what you like with this and I could be wrong. THIS IS NOT FINANCIAL ADVICE Shortby SpaceCadetAcademy1
possibility of uptrend It is expected that the downward trend will end in the current support range and we will see the beginning of the upward trend. According to the behavior of the indicator, possible scenarios have been identifiedLongby STPFOREX1
Hot potato All ideas are strictly my interpretation of price action. I am not a professional trader nor is this professional advice. Longby THE_APIS_TRADER2
US30 Intra-Week Analysis May 28th 2024For the past week, us30 has been on a steady downtrend after rejecting the 40000 level. Price began consolidating while ending the week at 39000, and has now broken below giving us reason to believe this bearish run could make its way to 38600. This week if price continues to trade below 39000 and we see Higher Time Frames candle closures below we can expect price to clear the range to 38600. Then either reversing, beginning to make its way back to ATHs, or potentially deeper corrections if price begins trading below.by Itskaleel1
Retracement to Fall Again/take time Hold ItIts fall again because its major top again retracement area come true, once touch 618 will decided ,we go up ? Tp - 39640Shortby ArtaslamUpdated 7