Dow Jones Industrial Average Index Trade Ideas — FX:US30 — TradingView (2024)

US30: First green day

US30 - FAKE BREAKOUTHello Traders ! The Dow Jones Index failed to create a new ATH. Currently, The support line is brokenThe Higher low was also broken (change of character). So, I expect a bearish move📉_____________TARGET: 39965.00🎯

US30: A record Higher High is On The Way $43000! Swing TradeBLACKBULL:US30 Fundamentals supports our idea, while looking at the technical side we can confirm that price will drop around 39k to 39.5k this is the zone which remain a key level for the big buyers. Ideally we would wait for price to approach our key level and then take buy entry. However, we might see early price mitigation around $40000 region. Good luck.

DOW JONES ELLIOTT WAVEDOW JONES ELLIOTT WAVEHourly counts of DOW JONES are plotted on the chart.Not a buy sell recommendation just a view.pls do ur own research before going for any trade activity.regards

US30 Expected moveI'm expecting price to come back to fill the NWOG before continuing with the uptrend

PRICE REACHING CRITICAL SUPPLY LEVEL...US30 trading in a descending price channelPrice is currently approaching supply levelsA rejection or breakout may take placeWe'll wait for proper confirmation.

U.S. Equity Investors Eye CPI Data Amid Fed Rate Cut SpeculationU.S. Equity Investors to Focus on Inflation Data to Gauge Potential Fed Rate CutsThis week, U.S. equity investors will closely monitor consumer and wholesale price inflation data to assess the likelihood and magnitude of potential interest rate cuts in September.The Dow Jones is expected to experience heightened volatility, particularly in response to the CPI data and the evolving interest rate environment. The index may attempt to reach 40,670, followed by a potential drop to 40,470 or lower, likely occurring ahead of the CPI release. If the CPI comes in at 2.8% or lower, upward pressure on the price is anticipated. Stabilizing above 40,800 before a decline would signal the end of the bearish correction.Key Levels:Pivot Point: 40,670Resistance Levels: 40800, 41030, 41340Support Levels: 40470, 40320, 40000Expected Trading Range: 40800 - 40320Trend: Bearish as long as the price remains below 40670.

US30 Filled the daily FVG !! BuyUS30 filled the FVG on daily timeframe buy to 40405 as first target

Economic growthI expected fed rate cutAnd if rate cut the cash flow are increase in whole worldAnd people are increase their expensesSo keep eye on 17 September

US30 BUY OPPORTUNITY Buy Position on US30 (4H Chart)Upon analyzing the 4-hour chart, we are seeing significant bullish momentum across the US30 index, signaling a strong continuation of the overall uptrend that has been dominant throughout the week. The current setup presents a high-probability buying opportunity as we catch an entry from a pullback within this bullish trend.This pullback offers a favorable entry point, aligning with the momentum indicators that suggest further upside potential. The target for this position is the US30 all-time high, with the expectation that the ongoing bullish pressure will drive the price to retest these levels.With market conditions and momentum in our favor, this trade allows us to capitalize on the prevailing trend while minimizing downside risk by entering on the pullback.We will set the stop loss 120 pips from entry to manage risk, ensuring that our downside exposure is controlled while allowing the trade room to develop.

US30Both weekly and Daily timeframe concluding that we have a strong Bearish Flag Pattern on both timeframe so strong bearish momentum expected. Expecting TP at 39012.00 as it is nicely aligned with previous structure.

US30: First green day

DOW JONES: Aiming at 42,300 if the 1D MA50 keeps supporting.Dow Jones is neutral on its 1D technical outlook (RSI = 53.462, MACD = 83.230, ADX = 39.913) as it has recovered exactly 50% of last week's pullback. The rebound started exactly on the 1D MA50, empowering the bullish sentiment inside the Channel Up, despite the fact that the price is trading over its median.If the 1D MA50 keeps supporting, the 1D MACD is near a Bull Cross, which inside the Channel Up, is the trigger signal for more upside. This is a strong bullish case for us and within October we are expecting a new HH (TP = 42,300).See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. #### Comments and likes are greatly appreciated. ##

DOW JONES Nothing has changed. Bull trend intact and eyes 48000.Dow Jones (DJI) is having yet again short-term volatility following the August 30 All Time High (ATH), but as we explained last week this is natural, since the medium-term Channel Up hit its top and was looking for the 1D MA50 for buyers and a Higher Low potentially a little lower.On the longer term though, the trend is intact and is heavily bullish. The 1W MA50 (blue trend-line) is holding and as long as it supports, there is no evidence showing a correction. In fact, this is the exact same pattern that the index has been following since the 2009 bottom of the U.S. Housing Crisis.As you can see on this 1W chart, the market first bottoms on the 1W MA200 (orange trend-line) and starts a recovery phase by breaking above the 1W MA50. After a lengthy consolidation on it with a few tests (to confirm it as Support), it enters a structured Channel Up until the Cycle's peak. The first two Cycles rose by exactly +75% from their bottom to top, while the COVID one peaked at +70%.As a result, assuming a minimum +70% rise for this Cycle also, we can target at least 48000. It appears that the index is currently past half-way through the Cycle, already within the standard Channel Up.In addition, you can observe the similarities between the Cycles on the 1W RSI fractals as well, which tend to 'cool down' once this Channel Up starts forming.------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** -------------------------------------------------------------------------------💸💸💸💸💸💸👇 👇 👇 👇 👇 👇

US30 - It looks a retest while below 41030Futures Edge Higher Ahead of Jobless Claims DataThe price rebounded after touching its support zone around 40,000, then gaining approximately 900 points. Currently, it is likely to test 41,030 before potentially reversing toward 40,670, as the market is consolidating between these levels. However, sustained trading above 41,030 would favor a bullish continuation, targeting 41,180 and 41,340.also today we have PPI and Jobless data that will impact the market Key Levels:Pivot Point: 40,960Resistance Levels: 41,180, 41,340, 41,550Support Levels: 40,680, 40,470, 40,320Expected Trading Range: 40,660 - 41,030A breakout above 41,030 would confirm bullish momentum, while failure to hold above this level could trigger further declines.

Dow Jones Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring US30 for a buying opportunity around 40750 zone, US30 was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 40750 support and resistance area.Trade safe, Joe.

CPI Report to Drive Market Volatility with Bullish PotentialU.S. Futures Poised for Volatility as CPI Report Looms, Focus on Bullish TrendU.S. futures remain stable as markets await the much-anticipated CPI report, with the outcome expected to have a significant impact on market movements. Current projections suggest the CPI will come in around 2.5%, indicating a weakening USD, which could drive indices into a strong bullish trend. However, if the CPI exceeds 2.7% or 2.8%, market movements could become unpredictable, with a potential downward shift.The price has retested its support level, as previously noted. For today, volatility is expected, with a greater focus on an uptrend, assuming the CPI result aligns with the 2.5% forecast. Stability above 40,470 will likely support a rise towards 40,790 and 41,030, with further potential depending on the CPI data. In the bearish scenario, if the CPI exceeds 2.8%, a downtrend toward the levels identified in the chart could materialize.Key Levels:Pivot Point: 40650Resistance Levels: 40790, 41030, 41180Support Levels: 40320, 40010, 39900Expected Trading Range: 40320 - 41030Trend: Bullish while above 40470.

Bearish drop?DJ30 is rising towards the resistance level which is a pullback resistance and could reverse from this level to our take profit.Entry: 40,629.65Why we like it:There is a pullback resistance level.Stop loss: 41,194.90Why we like it:There is an overlap resistance level that lines up with the 61.8% Fibonacci retracement.Take profit: 39,867.90Why we like it:There is a pullback support level that is slightly above the 61.8% Fibonacci retracement.Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.

SELL US30 TP 40250Closing the gap. Then we go long. Manage your risk.

Dow is short-term overbought and in a bearish trend

US30 ; BEARISH Watching for the long drop off in US30 if condition holds

DowJones30From a technical standpoint, today's outlook remains bearish, supported by the positive U.S. jobs data. The price is projected to reach 40,470 and 40,320, with a potential break below 40,320 paving the way toward 40,000. Alternatively, if the price stabilizes above 40,470, it may consolidate between 40,470 and 40,800.

US30 - Rate Cut Uncertainty Drives Market ConsolidationFutures Muted Amid Uncertainty Over Fed Rate Cut Size Traders are increasingly pricing in the likelihood of a significant rate cut, with the probability of a 50-basis point cut now at 41%, up from 14% last Thursday, according to CME's FedWatch Tool. Former New York Fed President Bill Dudley has advocated for a strong case in favor of a 50-bps cut.Technically:Currently, the market is likely to test 41,030 before advancing towards 41,340, as it consolidates within the 41,030 to 41,340 range. As long as the price remains above 41,030, it is expected to attempt to reach 41,340. However, closing a 4-hour candle below 41,030 could signal a bearish trend towards 40,810.Key Levels:Pivot Point: 41,180Resistance Levels: 41340, 41550, 41900Support Levels: 41030, 40800, 40670Expected Trading Range: 41,030 - 41,340Trend: Consolidation between 41,030 and 41,340.Above 41,030 indicates an uptrend, while below 41,030 downtrend.Previous idea: