🚀 US30 Bouncing Back – 23/04/2025 🚀
📈 Dow Showing Strength Off the Lows!
After bottoming near 38,400, US30 surged back above the key 38,955 level and is now consolidating just below 40k. Short-term trend has flipped bullish 📊.
🔍 Key Observations:
✅ Higher low confirmed
📈 Strong bullish impulse off 38,400
🔄 Retesting EMA support as price consolidates
📍 Still under major resistance at 40,701
🎯 Trade Plan:
🔹 Bullish bias above 38,955
🚀 Long setups valid on break & close above 40,000 → target 40,701 / 41,200
❌ Rejection from here could form a lower high → watch for bearish divergence
🧠 Psych Note: Don't chase this late rally — wait for confirmation above resistance or a pullback for re-entry.
📈 Dow Showing Strength Off the Lows!
After bottoming near 38,400, US30 surged back above the key 38,955 level and is now consolidating just below 40k. Short-term trend has flipped bullish 📊.
🔍 Key Observations:
✅ Higher low confirmed
📈 Strong bullish impulse off 38,400
🔄 Retesting EMA support as price consolidates
📍 Still under major resistance at 40,701
🎯 Trade Plan:
🔹 Bullish bias above 38,955
🚀 Long setups valid on break & close above 40,000 → target 40,701 / 41,200
❌ Rejection from here could form a lower high → watch for bearish divergence
🧠 Psych Note: Don't chase this late rally — wait for confirmation above resistance or a pullback for re-entry.
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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.