Dow Jones (US30) Outlook ICT Concepts
Dow Jones Industrial Average (US30) Analysis
💰 Welcome to Your Channel!
Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on US30, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains.
💡 Previous Analysis Review:
In the previous analysis, we expected the price to expand lower after the Market Structure Shift (MSS), which occurred as anticipated.
📍 Current Market Overview:
The current price is around 38,643.10. The Dow Jones Industrial Average (US30) has swept both the Previous Month Low (PML) and Previous Week Low (PWL), which are significant liquidity levels. The price is currently within a 4H Fair Value Gap (FVG), marked by a line on the chart.
🔍 Identifying Key Levels:
• PMH: Previous Month High
• PWH: Previous Week High
• PWL: Previous Week Low
• PML: Previous Month Low
• BSL: Buy-Side Liquidity
• SSL: Sell-Side Liquidity
• 4H FVG: 4-Hour Fair Value Gap
• MSS: Market Structure Shift
📊 Key Considerations:
• Swept PML & PWL: The price has swept the Previous Month Low and Previous Week Low, indicating the potential for a reversal or at least a short-term expansion higher.
• Inside 4H FVG: The price is within the 4H FVG, which could serve as a support zone for a possible expansion higher.
• Reaction to Bearish FVGs: The key to the next movement lies in how the price reacts to the two bearish FVGs above.
📈 Bullish Scenario:
Given the current price action and key considerations, a bullish scenario is possible if the following conditions are met:
• Support from 4H FVG: The 4H FVG provides support, and the price begins to expand higher.
• Reaction to Bearish FVGs: Watch the reaction to the bearish FVGs above; if the price can break through these, it would confirm the bullish bias.
📉 Bearish Scenario:
A bearish scenario should be considered if the following conditions are met:
• Sweep of Lower Time Frame BSL: On lower time frames, we need to see buy-side liquidity levels swept before considering short positions.
• Target Lower Objectives: After the sweep of lower time frame BSL, the price could target lower objectives such as the SSL (Sell-Side Liquidity) marked below on the chart.
📊 Chart Analysis Summary:
• Bullish Expectation: The price is in a key area after sweeping PML and PWL, and being inside the 4H FVG. We can expect a possible expansion higher from here, especially if the price holds within the 4H FVG and breaks through the bearish FVGs above.
• Bearish Expectation: For a bearish scenario, wait for lower time frame buy-side liquidity to be swept, followed by a reversal to target lower levels like the SSL below.
Conclusion:
The Dow Jones Industrial Average is at a critical juncture after sweeping key liquidity levels and entering a 4H FVG. The next move depends largely on the reaction to the bearish FVGs above. A bullish scenario would see an expansion higher if the 4H FVG holds and the price breaks through the bearish FVGs. A bearish scenario would require a sweep of lower time frame BSL and then a move lower to target SSL and other lower objectives.
🙏 Thank you for joining us!
Exploring US30 today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning!
⚠️ Disclaimer
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
💰 Welcome to Your Channel!
Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on US30, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains.
💡 Previous Analysis Review:
In the previous analysis, we expected the price to expand lower after the Market Structure Shift (MSS), which occurred as anticipated.
📍 Current Market Overview:
The current price is around 38,643.10. The Dow Jones Industrial Average (US30) has swept both the Previous Month Low (PML) and Previous Week Low (PWL), which are significant liquidity levels. The price is currently within a 4H Fair Value Gap (FVG), marked by a line on the chart.
🔍 Identifying Key Levels:
• PMH: Previous Month High
• PWH: Previous Week High
• PWL: Previous Week Low
• PML: Previous Month Low
• BSL: Buy-Side Liquidity
• SSL: Sell-Side Liquidity
• 4H FVG: 4-Hour Fair Value Gap
• MSS: Market Structure Shift
📊 Key Considerations:
• Swept PML & PWL: The price has swept the Previous Month Low and Previous Week Low, indicating the potential for a reversal or at least a short-term expansion higher.
• Inside 4H FVG: The price is within the 4H FVG, which could serve as a support zone for a possible expansion higher.
• Reaction to Bearish FVGs: The key to the next movement lies in how the price reacts to the two bearish FVGs above.
📈 Bullish Scenario:
Given the current price action and key considerations, a bullish scenario is possible if the following conditions are met:
• Support from 4H FVG: The 4H FVG provides support, and the price begins to expand higher.
• Reaction to Bearish FVGs: Watch the reaction to the bearish FVGs above; if the price can break through these, it would confirm the bullish bias.
📉 Bearish Scenario:
A bearish scenario should be considered if the following conditions are met:
• Sweep of Lower Time Frame BSL: On lower time frames, we need to see buy-side liquidity levels swept before considering short positions.
• Target Lower Objectives: After the sweep of lower time frame BSL, the price could target lower objectives such as the SSL (Sell-Side Liquidity) marked below on the chart.
📊 Chart Analysis Summary:
• Bullish Expectation: The price is in a key area after sweeping PML and PWL, and being inside the 4H FVG. We can expect a possible expansion higher from here, especially if the price holds within the 4H FVG and breaks through the bearish FVGs above.
• Bearish Expectation: For a bearish scenario, wait for lower time frame buy-side liquidity to be swept, followed by a reversal to target lower levels like the SSL below.
Conclusion:
The Dow Jones Industrial Average is at a critical juncture after sweeping key liquidity levels and entering a 4H FVG. The next move depends largely on the reaction to the bearish FVGs above. A bullish scenario would see an expansion higher if the 4H FVG holds and the price breaks through the bearish FVGs. A bearish scenario would require a sweep of lower time frame BSL and then a move lower to target SSL and other lower objectives.
🙏 Thank you for joining us!
Exploring US30 today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning!
⚠️ Disclaimer
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
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