DreamAnalysis | US30 On the Edge Don’t Miss These Key Levels!✨ Today’s Focus: A Critical Asset in the Market – US30 (Dow Jones)
We’re diving into its recent price action and breaking down what might come next, based on key market levels.
📊 Current Market Overview:
After a strong expansion upward, marking the Previous Month High (PMH), US30 is now gradually retracing lower. The price has formed Equal Highs (EQH) on the buy side and sits near the Previous Week Low (PWL) on the sell side. Let’s explore how these levels shape both bullish and bearish scenarios.
🕓 Key Levels to Watch:
Here are the crucial zones we’re monitoring:
- PMH: Previous Month High
- PML: Previous Month Low
- PWH: Previous Week High
- PWL: Previous Week Low
- BSL: Buy-Side Liquidity
- SSL: Sell-Side Liquidity
- Daily FVG: Daily Fair Value Gap (imbalance zone)
These levels represent key areas where price might accumulate liquidity or retrace for order collection. Fair Value Gaps (FVGs) are potential zones for the market to rebalance before continuing its trend.
📈 Bullish Scenario:
To confirm a bullish bias and seek long positions, we need to see Sell-Side Liquidity cleared. The nearest target is the Previous Week Low (PWL), a critical SSL level. Once price dips below it, we can look for entries on lower timeframes (LTF) and target the Buy-Side Liquidity (BSL).
📉 Bearish Scenario:
For a bearish play, we’re watching the Equal Highs (EQH) on the buy side. If the price takes these out, we’ll look for lower-timeframe entry models and aim to target Sell-Side Liquidity (SSL).
📝 Conclusion:
As always, adaptability is key. Keep an eye on these critical levels to refine your strategy and identify potential opportunities.
🔮 Looking Ahead:
Stay tuned for updates as we track NASDAQ, DXY, EUR/USD, and other major currency pairs. Expect timely insights as market trends develop.
⚠️ Disclaimer:
This is for educational purposes only and not financial advice. Always conduct your own research and consult a licensed financial advisor before making investment decisions.