DOWJONS US30📝 Important ranges for this week have been drawn, you can trade them according to your personal strategy.
⏱ TIME:30M
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DJI trade ideas
us 30continuation to upside previous high of the market, and possible having a retracement below at area of breaker creating a mitigation block for a continuation momentum
Dow Industrial - Long - Term Elliott Wave CountIn one or two trading days the Dow Jones Industrial Average (DJI) could complete an extended Elliott wave Impulse pattern that began on October 2022.
Weekly RSI has multiple bearish divergences. If a top is made the decline could continue for several months.
Dow Jones Is Approaching Important SupportHey Traders, in today's trading session we are monitoring US30 for a buying opportunity around 44,000 zone, Dow Jones is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 44,000 support and resistance area.
Trade safe, Joe.
Dow Jones Bull Trend Is Now In Accel Target 159,000 (2042)November is showing to be a full-bodied bull candle and at all-time highs. The 30-year bull trend is now in acceleration phase and is on track to 159,000 by year end 2042.
This week's bull candle signifies a continuation of the trend as the Election rally candle broke out of the high, the following week rested and then this week's candle continued.
This would be the best spot to be a buyer as now we are on path to 50,000 in the medium term. Long term Dow will be hitting 60,000-100,000 over the course of the next 8-12 years
There is still 260% of upside left in this bull run from 44,000-159,000 or 115,000 points left.
Continued growthDow Jones, found support on a key level which was a previous all-time zone, and is headed towards making a new all-time high. The bearish pullback failed to continue, as the price formed a high low bouncing from the 42800 zone. As long as the price is above 42800 and 43k, the indice, will keep moving up until possible reversals.
#US30 #H4 Higher Timeframe Analysis#US30 #H4 Higher Timeframe Analysis
📉 Current Scenario
The price is witnessing strong profit booking. Here's what we’re eyeing:
Key Level: We want the price to create a new low, taking out liquidity below 43313 (previous high & resistance). This is where many stop losses are likely placed.
The Plan: After liquidity grab, we’ll wait for an #H4 candle to close fully bullish above 43550 to enter a buy setup for a bigger target.
📊 Why Share This Analysis?
We rarely post #US30 updates, but this setup offers a solid opportunity worth sharing!
🎯 Trade Parameters
Stop Loss: The low formed during the liquidity grab.
Targets:
🎯 Safer Target: 43900–44000
🎯 Extended Target: Above 44500
Stay tuned for activation! Let's capitalize on this prime opportunity. 💼✨
USA30 updateUs30 create reversal pattern yesterday n manage to turn just before the pull back target,I hope you see this n be able to follow the trend,note that market won't goo exactly as we predicted always it must be tricky it musting be n easy target it need displean n continuation of learning in order to see light,alot of things will develop itselfs n how you see things thank you n have a nice weekend.
Buyers are back!A great discount on D tf. It also made a consolidation and a higher low. Hence I see only buyers here!
US30 Is Going Down! Short!
Take a look at our analysis for US30.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 43,873.82.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 42,150.13 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
Short set-up US30Yesterday I posted my analysis on US30, what I wanted to see, and what I wanted to happen. And now I see the reaction that I want to see, so I open a short with my TP, like you can see on the chart. Let's go!
US30 BUY NOW!!!!!!!!!US30 completed +5000pips from our yesterdays calls today again am expecting to see us30 continues the rally up to the original targets at 44,501 the overall trend is bullish on us30..
Trump effect, US30 still on fire?Hello Traders and Investors
There is no doubt Trumps election into office set the stock market on fire as billions were poured into the markets and stocks skyrocketed astronomically. Last week we saw a 50% fib level major pullback of the initial price move which settled on a major 4H demand zone. The pullback has been met with alot of buying pressure at this major 4H demand level which has supported higher prices as sellers failed to drive the price lower.
There is a high probability price will continue to be bullish and push into the territory of all time highs as price has found adequate support to push higher.
Trade idea
Break and retest buy continuation, price has a good probability of reaching target of 44400.
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Thank you
US30 - Dow Jones Industrial Average IndexThis is primarily a trade recap on the previous buy oportunity i posted a few days ago. we took a loss on the first entry that we placed, but we went back in to fullfill the same trade idea and it eventually popped off in our direction. big blues now, trade is at a good profit level. stay tuned for more ideas.
US30USD ShortFollowing last week's bullish impulse move, there were 3 FVGs created and the price might complete the imbalances so that the bullish movement can continue.
The first imbalance has been completed and I am anticipating that it will complete at 42400.
Dow Jones for buyTrend/ momentum /news all on buy side The Dow Jones Industrial Average (DJIA) was facing challenges earlier today, driven by mixed economic data and global market sentiment. Key economic reports pointed to ongoing uncertainty, with investors closely watching for further clarity on interest rate policies and economic trends. The market also seemed to be under pressure from external factors such as geopolitical tensions
Potentially short set-up US30As you can see in the picture, on 12th November I shared my short setup on US30 and it hit my TP. Now after a small bounce, if i see a rejection sign at the level I'm watching, I'm planning to open another short position to target lower levels, as shown on the chart. Why? Because we've already seen 1.2.3.4.5 Elliot wave impulse on the daily and I'm expecting an ABC correction to follow, I'm waiting now. If it go higher than where I want to see a rejection this trade is invalide then for me. When I go In I will let it know.
US30 TODAYUS30 TODAY for me is very potential to move very big move UP
Look on Daily there is very strong bullish structure
On H4 and H1 i see first something to change to UP
US30 - 15 Min ( Best Buy And Sell Scalping after Break Out ) ⚡️ US30
Best Break Our / Key level's 15m Tf
🚨Bullish After Break Out key level + High Volume / 43465 Area
🚨Bearish After Break Out key level + High Volume / 43050 Area
⚡️ We Only Sent Most Accurate Opportunity and Analysis Not by Number ..
🔻 Announcement Coming After Successful Break
Price Action Analysis: Resistance Test and Bearish TargetsTechnical Analysis
Today's price is expected to test the resistance zone before initiating a bearish movement.
However, as long as the price remains below 43,620 and 43,760, it is likely to drop towards 43,350 and 43,210. A break below these levels could extend the downward move further to the 42,770 area.
Key Levels:
Pivot Point: 43600
Resistance Levels: 43720, 43900, 44110
Support Levels: 43350, 43210, 42970
US30 BUY till TargetI think it will hit the target or beyond.
REASON Bullish
1. CHOCH area zone so bullish trend
2. FIB ZONE
3. RSI bullish
4. Order flow zone area
What do DJI, SPX and NDX have in common?Well the obvious answer is that they are Major USA indices and they also share some of the big players as stocks which make up their composite Indices.
My answer the Question...
The beauty of Trading View is the ability to combine all sorts of aspects of trading information together, whether it be writing new scripts, combining indicators or in my case combing major indices together in Logarithmic view to get a new way of future price discovery (for SPX & NDX) by looking backwards or left at price structure on the next highest valued Indice.
As we know A.T.M all 3 Indices are at A.T.H's so at some point in the near future there will be a move higher into new price territory. The question then is where is the price target? Where is the next resistance level when there is no price structure to the left on that Indice?
What I noticed historically about these Indices is that past price structure (major highs and lows) from the higher valued Indice (Mostly DJI) is horizontally plotted forward into the future onto the lesser valued Indice. Like looking left historically at an instrument with a lot of data for support and resistance levels.
Obviously with DJI being the highest dollar value Indice and it also moving higher past its all time high at some point into unknown price territory, we will have to rely on its own price structure for support levels or Fibonacci levels for clues about were price will find resistance levels in the future.
On SPX and NDX though we have a different story. As these 2 Indices move higher into unknown price territory with no price structure of their own to the left looking back, we can use the past price structure of the higher dollar valued Indice (DJI) market highs and lows to assess future levels of resistance or to find future price targets.
With SPX we will be able to use NDX and also DJI to find future higher price targets and resistance.
With NDX we will be able to use DJI to find future higher price targets and resistance.
Some examples,
If you pull up these 3 indices on a line chart yourself you will find that with NDX and SPX the support levels for the Dotcom and GFC crash's were DJI's historical price structure levels from 1961-1981. $731-$965.
If you look at SPX the present high and previous equal high on 01/2022 you will find it is mirrored in price structure on NDX 2015-2016 period and that the 2000 Dotcom peak is acting as a support level $4380 for present SPX price structure. NDX 01/2022
If you go way back in time to the 1930's Great depression market crash you will find the Aug 1929 SPX high $32.50 was in fact a resistance level which became support level for DJI back in 1898 and 1903 respectively.
The major past Cycle Highs on the higher valued Indice prior to recession tend to be the resistance levels for for future highs on the lower valued Indices. Or resistance levels that were broken and became support on DJI became resistance dollar value levels for SPX and NDX.
It is obvious that vertically this 3 indices would show similar reactions to market shocks but I'm not quite sure why horizontally there are so many matching price support and resistance levels.
This is a Monthly Chart over a 130 year period so the levels are harder to see and not precisely dollar accurate but if you use a weekly or daily chart you will see the levels line up very well.
So, obviously in my head I'm wondering what the heck is happening here exactly?
Some of these older levels have played out over 50-60 years into the future on DJI to the SPX and NDX, more recently the time frame is reducing to around 10-20 years.
Fibonacci levels also work on this chart going from lowest value Indice at a recession low to next business cycle high on highest value Indice.
Maybe W.D Gann could explain this accurately for me....Like is there some sort of Fractal playing out here or do the Wall street crew already use this method or is it the madness of the crowd echoing forward through time unwittingly expressing human emotion into charts of financial greed and fear? Who knows? I'd like to hear Traders ideas about this phenomena.
