We’re seeing a potential breakout and retest setup forming on the US30, with clear market structure and volume confirmation.
🔹 Range Formation
Price recently consolidated in a defined range between ~40,230 and ~40,400. This range was respected multiple times, showing strong participation from both buyers and sellers.
🔹 Volume Profile Insight
The Point of Control (POC) — marked by the red horizontal line — sits just below the current price level. This is the price area where the highest volume was traded, indicating strong interest and potential future support.
🔹 Trade Idea
A bullish breakout was initiated above the range, targeting the 40,683.64 zone:
Entry: Just above the range high
POC (Support zone): Around 40,231
Stop Loss: Below the POC (~40,141)
Take Profit: Next major resistance (~40,683)
🔹 Current Behavior
Price is now retesting the POC — a critical moment. If it holds, we could see another push higher. A clean breakdown below the POC would invalidate the bullish scenario and suggest sellers are gaining control.
🧠 Key Watch Levels:
Hold of POC = potential long continuation
Break below 40,141 = reevaluate bias
🎯 Reminder: Trade the reaction, not the prediction. Let price confirm your thesis before acting.
🔹 Range Formation
Price recently consolidated in a defined range between ~40,230 and ~40,400. This range was respected multiple times, showing strong participation from both buyers and sellers.
🔹 Volume Profile Insight
The Point of Control (POC) — marked by the red horizontal line — sits just below the current price level. This is the price area where the highest volume was traded, indicating strong interest and potential future support.
🔹 Trade Idea
A bullish breakout was initiated above the range, targeting the 40,683.64 zone:
Entry: Just above the range high
POC (Support zone): Around 40,231
Stop Loss: Below the POC (~40,141)
Take Profit: Next major resistance (~40,683)
🔹 Current Behavior
Price is now retesting the POC — a critical moment. If it holds, we could see another push higher. A clean breakdown below the POC would invalidate the bullish scenario and suggest sellers are gaining control.
🧠 Key Watch Levels:
Hold of POC = potential long continuation
Break below 40,141 = reevaluate bias
🎯 Reminder: Trade the reaction, not the prediction. Let price confirm your thesis before acting.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.