US30 - Bullish Wave 5 Push to 42,000 📈
We're still in a Wave 4 correction on the daily, but price just retested Wave 4 lows at 38,900 area and held (for now). Now forming a double bottom on the 4H, and Wave 1 is starting on the 1H.
Looking for a Wave 5 push up toward 42,000 before a major selloff.
Key Levels:
🔹 Support: 38,970
🔹 TP Zones: 40,000 → 41,000 → 42,000
🔻 Short Bias kicks in after Wave 5 completes (Target: 38,100-38,200)
Plan: Buy dips while above 38,900, scale out near 42K, watch for reversal confirmation.
We're still in a Wave 4 correction on the daily, but price just retested Wave 4 lows at 38,900 area and held (for now). Now forming a double bottom on the 4H, and Wave 1 is starting on the 1H.
Looking for a Wave 5 push up toward 42,000 before a major selloff.
Key Levels:
🔹 Support: 38,970
🔹 TP Zones: 40,000 → 41,000 → 42,000
🔻 Short Bias kicks in after Wave 5 completes (Target: 38,100-38,200)
Plan: Buy dips while above 38,900, scale out near 42K, watch for reversal confirmation.
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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.