Trade Idea: US30 Long ( BUY LIMIT ) Technical Analysis:
1. Daily Chart (Long-Term View):
• The price has recently pulled back but remains in a long-term uptrend.
• The MACD is negative, indicating past selling pressure, but it is starting to turn, which suggests momentum may shift bullish.
• The RSI is at 47.54, close to neutral, meaning there is room for upside movement without being overbought.
2. 15-Minute Chart (Intraday Trend):
• The price is recovering after a dip.
• MACD is deeply negative, suggesting it may be at a bottom, and a reversal could happen.
• The RSI at 48.27 is near neutral, indicating a potential bullish move.
3. 3-Minute Chart (Entry Timing):
• A small uptrend has started, and the price is crossing above the short-term moving average.
• The MACD is turning positive, signaling a potential bullish push.
• RSI is above 50 (56.24), confirming strength in the short term.
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Fundamental Analysis:
• Market sentiment remains bullish overall for US indices due to strong economic data.
• Dow Jones remains in an uptrend on the higher timeframes, and recent dips are likely just corrections before another push higher.
• Liquidity conditions and central bank policy support equities.
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Trade Setup:
Entry: 42,400 (current price area where price is stabilizing)
Stop Loss (SL): 42,250 (below recent support, keeping risk low)
Take Profit (TP): 42,800 (previous resistance level) FUSIONMARKETS:US30
