✨ Today’s Focus: Dow Jones (US30) – A Major Market Influencer We’re diving into the latest NASDAQ price action to pinpoint crucial levels, assess potential trends, and uncover strategic trading opportunities.
📊 Market Overview: Currently, Dow Jones is positioned in a Discount. The price has broken through significant Seel-side liquidity levels, including the Relative Equal Lows Taken and now is having a retracement back higher, setting the stage for a potential move toward the Previous Week High ( PWH ). A Bullish Smart Money Technique (SMT) signal also aligns with the SPX500 (ES), hinting at possible headwinds.
🔴 Short- and Long-Term Outlook: We’ll explore both bullish and bearish setups, equipping day traders with insights to approach both short-term and long-term trends effectively.
🗣 Short-Term Outlook: In the short term, two scenarios could play out: either a push into the Buy Side Liquidity targeting the Previous Week High ( PWH ) and after that leading to a lower move. Lower timeframes will be crucial for monitoring these moves—drop down to spot key market movements in real-time.
🗣 Long-Term Outlook: Looking long term, there’s potential for a pullback into a Premium level. For entries, tracking lower timeframes is essential. The Bullish SMT divergence with SPX500 (ES) reinforces the possibility of a Upward expansion.
🕓 Key Levels to Watch: These levels will likely shape price movement: - PMH: Previous Month High - PML: Previous Month Low - PWH: Previous Week High - PWL: Previous Week Low - BSL: Buy-Side Liquidity - SSL: Sell-Side Liquidity
Fair Value Gaps (FVGs) serve as pivotal retracement zones, potentially guiding the next price movement.
📈 Bullish Scenario: In a bullish setup, watch for Low-Resistance Sell-Side Liquidity sweeps on lower timeframes (LTF). Look for entry signals targeting higher levels, including a potential move toward the all-time high (ATH).
📉 Bearish Scenario: For bearish trades, focus on lower timeframes such as the 15-minute chart. Short entries within the 4-Hour Imbalance or a breakdown of Low-Resistance Buy-Side Liquidity provide further confirmation.
📝 Final Thoughts: Stay adaptable as market dynamics shift. By monitoring these key levels and setups, you’ll refine your strategy and increase the potential for high-probability trades.
🔮 On the Radar: We’re also tracking NASDAQ, DXY, EUR/USD, and other major markets for evolving insights and timely updates.
⚠️ Disclaimer: This analysis is for educational purposes only and not financial advice. Always do your own research and consult a licensed financial advisor before making any investment decisions.
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