Technical Overview
Daily Chart (Macro View):
• Trend: Recent bounce from major support near ~37,600 after a sharp selloff.
• MACD: Still bearish but showing early signs of momentum reversal (histogram rising).
• RSI: Neutral (~53.8), coming up from oversold territory—indicative of potential recovery.
• Price: Holding above 41,000, a key psychological level and previous consolidation zone.
15-Minute Chart (Swing/Short-Term View):
• Price: Forming higher lows after a significant bounce.
• MACD: Nearing a bullish crossover.
• RSI: Moderately bullish at ~56.87.
3-Minute Chart (Entry Precision):
• Price: Recently broke above short-term moving average.
• MACD: Bullish with strong histogram momentum.
• RSI: Slightly overbought (~52.90), but not extreme.
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Fundamental Context (as of May 2025):
• Market sentiment is cautiously bullish after Fed pause hints and solid tech earnings.
• Inflation pressures are easing slightly, supporting risk-on sentiment.
• Recent volatility due to rate expectations and macro data; however, markets are recovering from sharp selloffs.
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Bias: Long Position
US30 shows a strong recovery setup with macro support, bullish lower-timeframe confirmation, and neutral-to-bullish momentum indicators.
Entry (Buy Limit):
40,960 – small retracement near the short-term EMA and previous breakout on the 3-min chart.
Stop Loss (SL):
40,700 – below the recent swing low and psychological round level.
Take Profit (TP):
41,560 – retest of minor resistance from earlier consolidation area, offering a solid risk-reward.
US30
Daily Chart (Macro View):
• Trend: Recent bounce from major support near ~37,600 after a sharp selloff.
• MACD: Still bearish but showing early signs of momentum reversal (histogram rising).
• RSI: Neutral (~53.8), coming up from oversold territory—indicative of potential recovery.
• Price: Holding above 41,000, a key psychological level and previous consolidation zone.
15-Minute Chart (Swing/Short-Term View):
• Price: Forming higher lows after a significant bounce.
• MACD: Nearing a bullish crossover.
• RSI: Moderately bullish at ~56.87.
3-Minute Chart (Entry Precision):
• Price: Recently broke above short-term moving average.
• MACD: Bullish with strong histogram momentum.
• RSI: Slightly overbought (~52.90), but not extreme.
⸻
Fundamental Context (as of May 2025):
• Market sentiment is cautiously bullish after Fed pause hints and solid tech earnings.
• Inflation pressures are easing slightly, supporting risk-on sentiment.
• Recent volatility due to rate expectations and macro data; however, markets are recovering from sharp selloffs.
⸻
Bias: Long Position
US30 shows a strong recovery setup with macro support, bullish lower-timeframe confirmation, and neutral-to-bullish momentum indicators.
Entry (Buy Limit):
40,960 – small retracement near the short-term EMA and previous breakout on the 3-min chart.
Stop Loss (SL):
40,700 – below the recent swing low and psychological round level.
Take Profit (TP):
41,560 – retest of minor resistance from earlier consolidation area, offering a solid risk-reward.
US30 Trade closed: stop reached
SL MOVED TO BE @ 1:1BE TRIGGERED
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.