US30 Are we truly in a short-term Bullish move? Friday took FOMC day low and moved into a Bullish OB and then rallied, the daily candle closes above the high of the previous daily candle, We can aim to find/trade a short-term bullish move, but we must wait for confirmation.
Entry Price: 42,757 Stop Loss: 42,600 Take Profit 1: 42,900 Take Profit 2: 43,050
Reason for Entry: The entry price of 42,757 aligns with a solid support level, confirmed by the daily Fibonacci retracement. Price action indicates a potential bullish reversal at this level. The first target is 42,900, with a secondary target at 43,050, both corresponding to nearby resistance zones. Stop loss is placed at 42,600 to manage risk.
Trade Idea: Sell Intraday Trade Setup
Entry Price: 42,931 Stop Loss: 43,100 Take Profit 1: 42,800 Take Profit 2: 42,650
Reason for Entry: The entry price of 42,931 coincides with a strong resistance level identified by the daily Fibonacci retracement. Price action shows signs of weakness, suggesting a potential reversal towards lower levels. The first target is 42,800, with the second target at 42,650. The stop loss is set at 43,100 to control risk.
Summary: US30 is at critical levels, with support at 42,757 and resistance at 42,931. The Buy Setup at 42,757 targets 42,900 and 43,050, while the Sell Setup at 42,931 targets 42,800 and 42,650. These setups are based on daily Fibonacci retracement levels and strong support/resistance zones.
๐ Reason for Entry: US30 is approaching a strong support level at 42,757, making it a good point for entering a buy trade. The first target is 43,104, followed by 43,476. The Stop Loss is placed at 42,195 to manage risk.
๐ Reason for Entry: US30 is approaching Resistance 3 at 43,104, which provides an opportunity to enter a sell trade. The Stop Loss is placed at 43,476, with targets at 42,757 and 42,650.
๐ก Summary US30 is trading at 42,829.
Resistance Levels: 44,452, 44,683, 45,056 Support Levels: 42,757, 42,476, 42,302
Swing High: 45,065 Swing Low: 43,327
Intraday Buy: Enter at 42,757, targets 43,104 and 43,476. Intraday Sell: Enter at 43,104, targets 42,757 and 42,650.
US30 Hi guys, due to the news of CPI 8rvtge inflation, the whalers had done a very nice game favour the Bulls and by lloking to my idea they went to the edge of the raising channel which was breached yesterday! Giving the feeling to the retail traders that it will go in a big bullish wave. We are for more than two weeks in bearish wave. And the index did not deliver any green daily candle for 2 weeks! You may see ooh the wave today was massive, I see it as absolutely nothing abd it is not more than to trap the Bulls. Yes you could see another push up yet again will not breakthrough the riding edge in yellow line and my targets will be the points the index will go to. That applied for all indexes which you think they went bullish but I see it as a happy day for bulls in more than 20 days ๐๐ The smart one honestly who saw my idea to get the view and waited for news then followed the bullish rally till it's end then shorted once the yellow line was touched! Because you have the overall view and only you who can decide. Stay safe and happy weekends