Expires: 01/05/2025 06:00
Trade Summary
Duration: Intraday
Technical View
The primary trend remains bullish, with recent downside viewed as corrective.
Current selloff is nearing exhaustion, as indicated by daily chart signals.
A Buy-the-Dip strategy is preferred, aligning with bespoke support at 3225.00.
A break above 3350.00 could reaffirm bullish momentum, with measured resistance targets at 3370.00 and 3400.00.
Upcoming US Data Risks (High Impact)
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Trade Summary
- Type: Buy Limit
- Entry: 3225.00
- Target: 3385.00
- Stop Loss: 3185.00
- Risk/Reward Ratio: ~4:1
Duration: Intraday
Technical View
The primary trend remains bullish, with recent downside viewed as corrective.
Current selloff is nearing exhaustion, as indicated by daily chart signals.
A Buy-the-Dip strategy is preferred, aligning with bespoke support at 3225.00.
A break above 3350.00 could reaffirm bullish momentum, with measured resistance targets at 3370.00 and 3400.00.
Upcoming US Data Risks (High Impact)
- 13:15: ADP National Employment Report
- 13:30: Advance Estimate GDP & Employment Cost Index
- 15:00: Personal Income and Outlays
- 15:30: EIA Petroleum Status Report
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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.