Long

US30 Potential for Bullish Momentum

On the H4, with price moving above the ichimoku indicator and along an ascending trendline, we have a bullish bias that price will rise to buy entry at 34127 where the pullback resistance is. Once there is upside confirmation that price has broken entry structure, we would expect bullish momentum to carry price to take profit at 35526 where the swing high resistance, 161.8% fibonacci extension and -61.8% fibonacci expansion are. Alternatively, price could drop to stop loss at 33493 where the pullback support, 61.8% fibonacci projection and 23.6% fibonacci retracement are.

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