Dow Jones is turning back to its resistanceWill the bullishness of US dow Jones will fly high or fall back from the resistance.. Lets watch with own unique 100% working levels
DDDow Jones Industrial Average Index
44,653.65USDR
+52.78+0.12%
As of today at 17:58 GMT
USD
No trades
US30 trade ideas
us30 looking for buyas per price action showing price can be riverce we can see in 1 hr time frame AMD formation with daily bias and daily poi ..... with proper r:r ratio.... one can enter.
Need To Open price on monday with in the range . if there is a big gapdown or gap up then ignore this analisys....
Dow Jones its jus Retest of 1 year old breakout pointThe B leg that went deep 95+% of A then failed tells us its flat correction.
After doing year long correction breakout in Dow was seen in Dec 2023
Good Chance is to have sharper up move once retest is completed.
Internal wave count may not be accurate and best if ignore, focus more on support area near breakout point.
Let me know your thoughts below
Dow jones US buy near 38k upside Target 39900 and fresh new ATHOn Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Dow (US30) seems bullish, indicating a buying area on the chart Referred to one one-hour chart, the Dow (US30) seems bullish:
# After rejecting sell side stops, closed above the nearest swing high.
# Breaker Block.
# Fairly taken inducement.
# 3 points confirmation alert.
Note: This is not a recommendation, or educational purpose only. DYOR before taking action.
Dow jones US 30 ready for big fall 38700 and below level comeOn Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Historical Impact of Fed Interest Rates on Dow JonesThe current market cycle looks eerily similar to the 2005 - 2010 era.
Dow started going up after the last rate hike in expectation of a rate cut and eventually peaked around the time the cut started i.e. Sep 2007.
Very similar behaviour is evident in current cycle where market has been rising since the last rate hike. If the Fed cut is expected in June 2024, then there is still some upmove left, but we are close to the top.
P.S.: 1: Numbers mentioned are the rates after the said action.
2: Similar price action was developing in 2015-2020 period, however, it can't be considered as a valid reference on account of COVID crash.
us30 short a clear fvg and oderflow or instutation level is seen in us30 .
if it retraces back and valid our setup by rejecting the block the short can be plan.
targeting the daily low.
note : setup will be invalid if it first wipes out the daily liquidity (below line) or selll side liquidity.
the us30 must retrace back from here toget a valid sell.
DJIA : First Lower High Lower Low after 38740 breakDJIA will halt it's uptrend and make First Lower High Lower Low after 38740 level breaks.
Then 38438, 37919 will be seen.
If level 37550 broken then whole uptrend will be upside down.
watch carefully A profit booking by Trend Investor may close all/max. long positions.
US 30 Trade Idea Setup - Dow has been moving impulsively for the past months
- The important outlook here is that the trend is slowing down and one rebalancing is needed
- You can keep longing as long as Dow doesn't invalidate 38,900 post that you still need a confirmation
- Calling the TOP out here is stupidity
- follow the trend and long whenever you see deep retracements
