Rockersgeng

US30 ANALYSIS 28.02.2024

Long
FX:US30   Dow Jones Industrial Average Index
1) Structure still shows a downtrend, but the AO indicates a potential higher low (HL), raising the question of whether this signals a bullish divergence.

2) If divergence occurs, I'll seize the opportunity to look for buying levels.

3) I rely on Fibonacci extensions to identify buy levels, particularly at 1.236 and 1.618 levels, which coincide with trendlines and Support and Resistance (SnR) zones.

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