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2 hours ago

Done, see ?

2 hours ago

📈 US30 Daily Analysis Based on Main Key Levels - May 5, 2025

Daily Current Market Price (DCMP): 41,064

Resistance Above: 41,446 🚀 (Immediate), 41,840 (Strong)
Support Below: 40,808 🛡️ (Critical), 40,170 (Next)

Market Structure

Swing High: 42,819 (Key ceiling)
Swing Low: 37,801 (Key floor)

Price Action: Testing resistance cluster between 41,064-41,446

Trade Setup 1: Intraday Buy 🟢

Entry: 40,808 🎯
Stop Loss: 40,170 ⛔
Take Profit 1: 41,117 ✅
Take Profit 2: 41,446 ✅

Confluence: 61.8% Fib support + bullish RSI divergence

Trade Setup 2: Intraday Sell 🔴

Entry: 41,446 🎯
Stop Loss: 41,840 ⛔
Take Profit 1: 41,064 ✅
Take Profit 2: 40,808 ✅

Confluence: Triple resistance zone + overbought conditions

Technical Indicators

RSI: 62 (Approaching overbought territory)
MACD: Bullish momentum fading near resistance
Volume Profile: Declining at higher prices

Conclusion

US30 shows clear battle between buyers at 40,808 and sellers at 41,446. Range-bound strategies preferred until breakout with volume confirmation.

PRECY-

2 hours ago

I jumped in! It's going up!

beyond50

14 hours ago

New Development:
Near the end of last Friday's New York session, the candles went into consolidation to form a new S&R Zone, making it tall and 4-tired one.

This Zone can either be used by the bulls to rise from that would help to cross the Bearish Trendline (in red dotted line) and head towards the Gap Down to close at 41,620. Or, the bears can use the S&R Zone to drop from and head towards another Zone below (starting at 40,929).

Overall, the Path of Least Resistance is for the bears to head down. Why? Because above the Gap Down (that starts at 41,543), there are numerous Resistance Areas, based on the 4-Hour timeframe.

*Side Note:
A Triple Inside Day pattern also formed along the S&R Zone, which is from "tight coiling" through consolidation that can expand out as a BIG move to come.