Dow Jones US30: Spotting a Potential Pullback Opportunity!

Apr 1

📉 The Dow Jones US 30 is currently in a dominant bearish trend on the higher timeframes, but 📈 the 1-hour chart reveals a shift in structure with bullish momentum emerging. This could signal a potential short-term retracement back into the previous range, aligning with the 50% Fibonacci retracement zone. 🔄 There’s also a bearish imbalance overhead that may attract price action for rebalancing. While this setup offers a possible buying opportunity, ⚠️ it carries significant risk given the prevailing bearish sentiment. Stay sharp and manage your risk! 🛡️

Disclaimer
⚠️ This is not financial advice. Trading involves substantial risk, and you should only trade with capital you can afford to lose. Always conduct your own analysis or consult a professional before making decisions. 💡

Apr 1

Trade closed: target reached

2.5R gained if you caught this idea from the video.. sell on the retest of the range if we get a BoS.