US30 (Dow Jones Industrial Average) on the 1-hour timeframe,
US30 (Dow Jones Industrial Average) on the 1-hour timeframe with a potential bullish setup.
Chart Analysis:
• The price is currently around 43,415, trading within a support zone (highlighted in red).
• A bullish scenario is suggested, where price is expected to bounce from support and move towards the next resistance level (marked with a blue arrow).
• Key resistance levels are around 43,871, which could be the first target if the price starts moving up.
• Price previously rejected a lower support area, indicating potential buying interest at this level.
• The overall expectation appears to be a breakout above consolidation and a continuation towards higher levels.
Would you like a deeper breakdown or specific trade idea?
Chart Analysis:
• The price is currently around 43,415, trading within a support zone (highlighted in red).
• A bullish scenario is suggested, where price is expected to bounce from support and move towards the next resistance level (marked with a blue arrow).
• Key resistance levels are around 43,871, which could be the first target if the price starts moving up.
• Price previously rejected a lower support area, indicating potential buying interest at this level.
• The overall expectation appears to be a breakout above consolidation and a continuation towards higher levels.
Would you like a deeper breakdown or specific trade idea?
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.