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Dow Jones Industrial Average Index

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DJI trade ideas

Dow Jones (US 30) Pullback to Channel SupportChart Analysis: The Dow Jones Industrial Average remains firmly within an ascending channel (green zone), with the current price nearing key channel support after a pullback. 1️⃣ Ascending Channel: The price continues to respect the upward-sloping channel, which has been intact since mid-August. The lower boundary, near 43,450, is a critical support level to monitor. 2️⃣ Moving Averages: 50-day SMA (blue): The price is testing this level at 43,514, which aligns with the channel support, acting as confluence. 200-day SMA (red): Positioned at 40,705, reinforcing the broader bullish trend and serving as a long-term support zone. 3️⃣ Momentum Indicators: RSI: Currently at 39.77, approaching oversold territory. A bounce from this level could signal renewed buying interest. MACD: Bearish momentum persists, with the MACD line trending downward. However, traders may watch for signs of a crossover near support. What to Watch: A successful defense of the ascending channel support and 50-day SMA could provide a foundation for a rebound toward the channel's upper boundary. If the support fails, the next significant area of interest would be the 42,000 level or the 200-day SMA near 40,705. RSI movement and MACD signals will be key for confirming shifts in momentum. The Dow remains within its bullish channel, but traders will be closely watching how price reacts to this critical support zone. -MW
FOREXCOM:US30
by FOREXcom
US30 Still Bearish and will likely fall to 43300US30 failed to stay above the 43800 support Line causing price to be stalled between 43800 resistance area and 43500 support area. This is a very week support area and price will likely gravitate to the 43500 line by tomorrow so an intraday short is an idea to consider. Price is nicely falling within the trend channel and shows no immediate or on coming sign of recovering. Short- Look to take a short to 43500 TP1 or 43300 TP2 Good Trading.
OANDA:US30USDShort
by leslyjeanbaptiste
US30 Currently in consolidation. Bullish or Bearish Next? US30 has been consolidating since last night with no indication if it wants to go up or down. Price is currently sitting around the trend line and may break the trend line indicating it wants to rise but be mindful of the market makers and their desire to liquidate your funds. Wait for a clear entry point for a bullish move above the support at 44,000 or a clears short entry at 43777. Wait for a retest. If you take a trade now you me be in a consolidation mode for some time. Be patient and wait for a retest of the two zones mentioned. Comment and let me know your thoughts.
OANDA:US30USDShort
by leslyjeanbaptiste
15.12.24The final week of 2024 will see key decisions from the Federal Reserve, Bank of Japan (BoJ), and Bank of England (BoE), likely impacting global markets. Fed Meeting: A 25-basis point rate cut is expected, with attention on guidance for 2025. The market will watch for signs of slower cuts if inflation rises or unemployment increases. BoJ Meeting: The BoJ is likely to hold rates steady, awaiting more data on wages and economic conditions. BoE Meeting: The BoE is expected to keep rates at 4.75%, with rate cuts possibly delayed until February due to UK economic weakness. Global PMI Data: Economic slowdown signals from Europe, the UK, and the U.S. suggest ongoing concerns about global growth. Oil Prices: Prices have risen amid tighter supplies from Russia and Iran sanctions, with potential demand boosts from lower global interest rates. Us30: After price fell below the previous weeks low, price kept on falling inidcating a weaker markets to inflation concerns and other factors. I will like to see if price can reach 42893.15 Ger40: Price struggled to traded out of previous weeks high and shows the strength being lost in the DAX. I'd still ike to see price break higher, till then at the start of the week I have price moving below 20366.4 first
EIGHTCAP:US30
by S0202Trades
US30 POSSIBLE SET UPUS30 has posted ATH post elections & post FOMC closing the weekly daily candle above the previous week and day which confirms that Market is strong bullish where we should be looking for buying only US30 has posted all time high at 44137 and low of the week was at 41642 with 50% level at 43216 which can act as valid buy zone if we look at lower time frame institutional order flow is at 43300 to 43470 probability of tapping this zone is possible which can act as buy zone targeting 1:3 we have inducement at 43651 which will act as SSL level in coming week. Fundamentally United Health Groups earning report is due on 15 Nov which will act as catalyst in move of US30. Manage your risk Note: Only for educational purpose not an investment advise.
BLACKBULL:US30
by Awii_Khan
US30 Intra-Week Analysis Dec 10 2024After showing signs of exhaustion, creating a triple top at All-Time-HIghs and the fear, uncertainty, doubt of a higher interest rate come CPI, US30 made its way back to 44200 as expected after the buyers sentiment began to weaken. This week we can expect the CPI results to hold a little bit of weigh on market direction if there is significant change. If there is an increase as forecasted expect slight bearish pressure or consolidation, otherwise because price is still respecting the uptrend we can see bulls pushing price back up to test ATHs.
CAPITALCOM:US30
by Itskaleel
US30: Key Levels and Bearish Outlook Below 44410Technical Analysis The price has dropped approximately 320 pip, as mentioned in the previous analysis, and has now stabilized below 44410. This supports a bearish outlook, with the next target being 44130. A break below 44130 with a 4-hour or 1-hour candle close will confirm further downside to 43900. To signal a bullish correction, the price needs to break above 44410 by closing a 4-hour candle above this level, potentially targeting 44590. Key Levels: Pivot Point: 44410 Resistance Levels: 44590, 44750, 44920 Support Levels: 44270, 43900, 43760 Trend Outlook: Bearish below 44410, with targets at 44130 and 43900. Bullish correction above 44410, targeting 44590. PREVIOUS IDEA:
OANDA:US30USDShort
by SroshMayi
US30 Short Setup: Riding the Retrace to Key Support Levels!Since the elections, traditional markets have been climbing to new highs, showcasing strong bullish momentum. However, I’m now eyeing a short opportunity on the Dow Jones (US30) as it retraces to key support zones around 44,400–44,500. This area appears to be a strong support zone, and my plan is to capitalize on the retracement for a potential long setup near the 44,000 price range. Currently, US30 is trading below the FibCloud, suggesting room for a retrace to the 44,800 level before continuing lower. My strategy here is to profit from the retracement, then re-evaluate for a long trade based on market conditions near the support levels. Key Levels: • Support Zone: 44,300–44,500 • Resistance Zone: 44,800 • Take Profit: 44,440 • Stop Loss: Above 45,100 Market Outlook: With tomorrow being a U.S. bank holiday, volume may vary significantly. I’ll closely monitor price action and market reactions for further confirmation. This trade aligns with the broader market behavior while taking advantage of shorter-term retracements. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
CAPITALCOM:US30Short
by AR33_
1
Dow Jones reaching 44k zone again, bearish movements after NFPDuring last month the index reached 7% increase in price but now is waiting for the CPI data on Wednesday and FED decision in the following days. The price is now neutral around the 44k zone but the bullish tendency is strong as for now. Main resistance is the 44k zone, upward movements can enhance the actual tendency. Main Support is 43k and 41k zones. Any movements below the 41k could endanger the actual tendency on the chart. There is also a bearish divergence between movements in price and movements in RSI. This signals losing of price momentum and probably can warn about corrections in price. Following this, we have to wait for the new fiscal policies of United States.
FOREXCOM:US30
by jepinedac
DJI Is Bearish! Sell! Please, check our technical outlook for DJI. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 44,642.75. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 43,791.11 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
TVC:DJIShort
by SignalProvider
1