Dow Jones Industrial Cash Index forum
DJI Reached 0.5 Fibonacci retracement level after completed the 1st target.
US30 In trading, setbacks are inevitable. What matters is how you respond. Focus on the lessons learned and develop a growth mindset. Each loss can teach you valuable insights that will enhance your future trading strategies.US30 Intraday Trade Setup
Trade Idea:
SELL Setup:
Entry: 43,471
Stop Loss: 43,521 (+50 points)
Take Profit 1: 43,371 (-100 points)
Take Profit 2: 43,271 (-200 points)
Risk:Reward = 1:2, 1:4
Reason for Entry:
Price at key resistance level
Fibonacci retracement alignment showing potential reversal
Clear risk management with defined stop loss
Multiple support levels for take profit targets
Strong technical resistance confluence at entry point
Note: This is a trade idea based on technical analysis. Always manage your risk and position size according to your trading plan.
US30 I value your perspective—if you have any doubts or differing opinions, please share them. The market is structured to be fair, and with strong analytical skills, you can achieve profitability. Conversely, being unfamiliar with it can lead to losses. While luck may bring temporary success, lasting profits come from precise analysis. Feel free to ask any questions—I’m here to help!
💠US30 18Nov24 Daily Analysis based on Pivots Method
Daily Current Market Price (DCMP): 43,296
Weekly Pivots:
🔶Resistance Levels:
R3: 44,902
R2: 44,462
R1: 44,191
PP: 43,752
🔶Support Levels:
S1: 43,312
S2: 43,041
S3: 42,602
Daily Pivots:
🔶Resistance Levels:
R3: 43,938
R2: 43,774
R1: 43,674
PP: 43,511
🔶Support Levels:
S1: 43,347
S2: 43,247
S3: 43,084
Trade Suggestions (Based on Weekly Pivots):
🔶Swing Buy Trade:
Entry: 43,041 (Weekly S2)
Stop Loss: 42,602 (Weekly S3)
Take Profit 1: 43,312 (Weekly S1)
Take Profit 2: 43,752 (Weekly PP)
🔶Swing Sell Trade:
Entry: 43,674 (Daily R1)
Stop Loss: 44,191 (Weekly R1)
Take Profit 1: 43,312 (Weekly S1)
Take Profit 2: 43,041 (Weekly S2)
🔶Analysis Summary:
Swing High: 44,483
Swing Low: 41,636
Weekly pivot points showing clear structure
Trade suggestions strictly follow weekly pivot levels
Risk management aligned with pivot structure
DJI Target Reached 44309. Before Analysis Chart Link : s3.tradingview.com/l/l8JfKmUa_big.png
tradingview.com/x/Mw1EWJQZ/
US30 If you have any uncertainties or would like to discuss my viewpoint further, please let me know. The market is fair, and those who master analysis can profit. However, a lack of knowledge often leads to losses. While some may enjoy fleeting luck, sustainable success is rooted in careful analysis. I’m here to provide any support you need!Trade Setup: Buy
Entry Price: 44,100
Stop Loss: 43,950
Take Profit 1: 44,300
Take Profit 2: 44,500
Short Reason for Entry: The price is approaching a significant support level indicated by daily Fibonacci retracement, suggesting a potential upward reversal.
US30 Risk management is a systematic process for identifying, assessing, and mitigating potential risks that could impede an organization’s objectives. By proactively evaluating various factors that could result in financial loss, operational disruptions, or reputational harm, businesses can create strategies to minimize these threats. This approach not only safeguards the organization’s assets but also ensures its long-term viability in a competitive landscape.Implementing effective risk management practices can significantly boost profitability. By identifying and addressing risks early on, organizations can avoid costly errors and seize opportunities that arise in uncertain conditions. For example, companies that analyze market volatility and adjust their investment strategies accordingly can enhance their returns, protecting themselves from unexpected economic changes.
Furthermore, a strong risk management framework promotes a culture of informed decision-making within an organization. When employees are trained to recognize and respond to potential risks, they can make more strategic choices that align with the company’s objectives. This proactive mindset not only leads to more efficient operations but also enhances stakeholder confidence, ultimately driving growth and maximizing profits.
US30 Your thoughts are important to me—if you have any concerns or differing views, please don’t hesitate to express them. The market is fair, and with effective analysis, profitability is within reach. However, unfamiliarity can lead to losses. While luck may favor some in the short term, true success is built on solid analysis. I’m here to assist you with any inquiries!Trade Idea: Buy
Entry Price: 43630
Stop Loss: 43500
Take Profit 1: 43750
Take Profit 2: 43850
Reason for Entry: The entry price aligns with a strong support level identified through daily Fibonacci retracement analysis. Additionally, the market shows bullish momentum, suggesting a potential upward movement, making this an opportune point for a buy position.
US30 Your thoughts are important to me—if you have any concerns or differing views, please don’t hesitate to express them. The market is fair, and with effective analysis, profitability is within reach. However, unfamiliarity can lead to losses. While luck may favor some in the short term, true success is built on solid analysis. I’m here to assist you with any inquiries!Trade Idea: Buy
Entry Price: 43534
Stop Loss: 43400
Take Profit 1: 43650
Take Profit 2: 43750
Reason for Entry: The entry price aligns with a key Fibonacci retracement level, and there is strong daily support at this level, indicating a potential upward movement.
DJI Target 44,300 or Top of the Rising Channel Pattern.
US30 Your thoughts are important to me—if you have any concerns or differing views, please don’t hesitate to express them. The market is fair, and with effective analysis, profitability is within reach. However, unfamiliarity can lead to losses. While luck may favor some in the short term, true success is built on solid analysis. I’m here to assist you with any inquiries!Trade Setup : Buy
Trade Entry: 43,850 USD
Stop Loss: 43,650 USD
Take Profit 1: 44,200 USD
Take Profit 2: 44,400 USD
Reason for Entry: The price is currently above the recent swing high, indicating bullish momentum. Additionally, it is approaching key Fibonacci extension levels, suggesting potential upward movement. This setup provides a favorable opportunity to enter a buy position, capitalizing on the anticipated continuation of the upward trend.