Technical Justification:
1. Daily Chart:
• Price has recently bounced strongly from a significant support zone around 37,675, confirming a bullish rejection.
• RSI is rising from oversold levels (currently around 48), showing momentum is shifting upwards.
• MACD is still negative but starting to converge, signaling a potential reversal in the mid-term.
2. 15-Minute Chart:
• Strong bullish move, breaking through previous structure highs.
• MACD and RSI are both in bullish territory, RSI ~63, not yet overbought.
• Price consolidating around 40,090, suggesting possible continuation.
3. 3-Minute Chart:
• Micro trend is clearly bullish.
• Minor consolidation after a push upward — ideal for breakout or pullback entry.
• RSI at ~49, healthy for continuation, MACD slightly bullish.
⸻
Fundamental Backdrop (as of now):
• Earnings season in the US is ongoing with strong reports from major companies.
• Rate cut expectations later in the year are improving market sentiment.
• Recent data suggests soft landing scenario, supporting risk-on assets like equities.
⸻
Trade Setup:
• Direction: Long (Buy)
• Entry: 40,050 (pullback entry)
• Stop Loss (SL): 39,750 (below recent breakout base)
• Take Profit (TP): 40,650
US30
1. Daily Chart:
• Price has recently bounced strongly from a significant support zone around 37,675, confirming a bullish rejection.
• RSI is rising from oversold levels (currently around 48), showing momentum is shifting upwards.
• MACD is still negative but starting to converge, signaling a potential reversal in the mid-term.
2. 15-Minute Chart:
• Strong bullish move, breaking through previous structure highs.
• MACD and RSI are both in bullish territory, RSI ~63, not yet overbought.
• Price consolidating around 40,090, suggesting possible continuation.
3. 3-Minute Chart:
• Micro trend is clearly bullish.
• Minor consolidation after a push upward — ideal for breakout or pullback entry.
• RSI at ~49, healthy for continuation, MACD slightly bullish.
⸻
Fundamental Backdrop (as of now):
• Earnings season in the US is ongoing with strong reports from major companies.
• Rate cut expectations later in the year are improving market sentiment.
• Recent data suggests soft landing scenario, supporting risk-on assets like equities.
⸻
Trade Setup:
• Direction: Long (Buy)
• Entry: 40,050 (pullback entry)
• Stop Loss (SL): 39,750 (below recent breakout base)
• Take Profit (TP): 40,650
US30 Trade closed: stop reached
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.