US30 Key Event,Technical & Structures,Trading Scenario's

97
Key Events to Monitor

WEF Annual Meetings (Jan 20–24 Whole Week)

⦁Any unexpected global economic policy announcements could impact market sentiment and cause sudden volatility.

Unemployment Claims - Jan 23 (High Impact) Previous: 217K | Forecast: 220K

⦁A lower-than-expected value may signal economic strength, likely pushing US30 higher. A higher-than-expected value could lead to a downside move.

Crude Oil Inventories Previous: 2.0m

⦁Impacts energy and manufacturing sectors. A significant deviation from forecasts may cause volatility, indirectly affecting US30.

Flash Manufacturing PMI (Forecast: 49.4) Friday, Jan 24 (High Impact)

⦁Below 50 signals contraction, which could pressure US30 lower.

Flash Services PMI (Forecast: 56.8)

⦁A strong reading here can offset manufacturing weakness, supporting bullish sentiment.

Existing Home Sales

⦁Measures consumer confidence and spending; a significant miss may lead to bearish moves.

Revised UoM Consumer Sentiment (Previous: 73.2)

⦁Strong consumer sentiment is bullish for US30.

Tips for Events and Levels Interaction

⦁During Unemployment Claims and PMIs, watch for false breakouts around key levels like 43,375 and 43,700.
⦁Pay attention to consumer sentiment data: Strong data could cause a surge to resistance; weak data might lead to sell-offs.
⦁Adjust stop-losses wider during high-impact news to avoid being stopped out by volatility.


Technical Analysis: Levels and Structure

Resistance Zones

43,250 – 43,700 (Scalping/Day trading Resistance Levels)
⦁Price faced rejection at this resistance Level 43,250 after the Break above, forming a key short-term supply area.
⦁IF its holds above, More buys to next resistance @ 43700.

44,025 – 44350 (Swing Resistance Levels)
⦁A breakout above 43,700 would likely aim for this region as the next target.

Support Zones

43,250 - 43200
⦁Immediate minor support. A break below could see a test of lower levels.

43025 -42980
⦁Stronger support region where buyers might step in.

42815 - 42775
⦁Critical support to watch if selling pressure intensifies.


Trend and Indicators
⦁Short-Term Trend: Bullish after breaking out of the downtrend line, but price now shows consolidation near resistance.
⦁RSI: Approaching overbought territory, indicating potential short-term pullbacks.
Moving Averages
⦁20 & 40 MA: Positioned bullishly, signaling continued upside momentum unless the price falls below 43,015.

Trading Scenario's

Bullish Scenario
1. If price Rejects Above 43300 - 43250 - (Current Resistance that broke)
Look for bullish reversal signals.
Entry: 43315 - 43325.
StopLoss: 43200.
Targets: 43700 and then 44025.

2. If price pull back to 43025 - 42980 and reject above.
Entry: 43015 - 43025.
StopLoss: 42900.
Target: 43325 and then 43700.


Bearish Scenario
1. If price breaks below 43325 - 43250 and reject below.(Current Support after break out)
Entry: 43250 - 43225.
StopLoss: 43325.
Target: 43025 and then 42775

2. If price Price breaks 42815 - 42775 with and reject below.
Entry: 42775 - 42750
StopLoss: 42815.
Target: 42600 and then 42450 (Supply Zone).




أغلقت الصفقة: تم الوصول للهدف
Both Bullish Scenario's was entered and reached targets

إخلاء المسؤولية

لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.