US30: The Next Big Move? Bullish Breakout or Bearish DropUS30 Intraday Setup
Technical Outlook — 10 June, 2025
Market Context:
The Dow Jones (DJI) is currently consolidating around 42,730, hovering near the "Previous Day High" after several attempts to break higher. Price action is forming a potential ascending triangle or a tight range, suggesting a crucial decision point for the intraday trend. The market is showing indecision at key resistance.
Key Levels & Trade Plan:
Resistance:
Immediate: ~$42,890 - $42,950 (Previous Day High / Upper boundary of consolidation).
Major: ~$43,100 - $43,150.
Support:
Immediate: ~$42,700 - $42,750 (Lower boundary of consolidation / Ascending trendline).
Strong: ~$42,545 - $42,600.
Lower/Previous Day Low: ~$42,280 - $42,390.
Trade Plan:
Bullish Breakout (Long):
Trigger: Clear 1-hour close above $42,950 with good volume, confirming breakout from consolidation/Previous Day High.
Target: $43,100, then $43,150.
Stop Loss: Below breakout level (e.g., $42,850).
Bearish Breakdown (Short):
Trigger: Clear 1-hour close below $42,700 with strong selling volume, breaking the ascending trendline/consolidation.
Target: $42,600, then $42,390.
Stop Loss: Above breakdown level (e.g., $42,780).
Dip Buy (Long):
Trigger: Price holds $42,545 - $42,600 with clear bullish reversal signals (e.g., strong wick, bullish engulfing) on the 1-hour timeframe.
Target: Resistance levels.
Stop Loss: Below the confirmed support (e.g., $42,500).
Risk Management: Always use proper position sizing and set a stop loss.
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Disclaimer: This content is intended for educational purposes only and does not constitute financial advice.
