Hey Traders, in today’s trading session we’re closely monitoring US30 for a buying opportunity around the 46,760 zone. The Dow Jones remains in a broader uptrend and is currently undergoing a correction phase, approaching a key support and resistance confluence at 46,760.
Market Structure:
The index continues to print higher highs and higher lows, confirming bullish market structure. The current retracement could offer a potential continuation setup if buyers regain control near this level.
Key Level:
46,760 — an important technical zone where trendline support meets horizontal structure, providing a potential reaction point for bulls.
Outlook:
If buying pressure emerges from this area, a move toward 47,400–47,600 could be on the table in the coming sessions.
💬 What’s your take on US30 here?
Do you see a bounce from support or a deeper pullback coming? Share your view in the comments!
Trade safe,
Joe.
Market Structure:
The index continues to print higher highs and higher lows, confirming bullish market structure. The current retracement could offer a potential continuation setup if buyers regain control near this level.
Key Level:
46,760 — an important technical zone where trendline support meets horizontal structure, providing a potential reaction point for bulls.
Outlook:
If buying pressure emerges from this area, a move toward 47,400–47,600 could be on the table in the coming sessions.
💬 What’s your take on US30 here?
Do you see a bounce from support or a deeper pullback coming? Share your view in the comments!
Trade safe,
Joe.
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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.
Free Telegram Group:
t.me/+0LGgMsgX9TViOGZk
The 1% Traders Club:
t.me/+dMaf68BK5c5hZDA8
t.me/+0LGgMsgX9TViOGZk
The 1% Traders Club:
t.me/+dMaf68BK5c5hZDA8
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.