US30 On the Daily, which is in Bullish (directional) Market Bias, you can see that the bull run can potentially rise up to hit major resistance from the S&R Zone above them that begins at 47,571. If the bulls reach it, watch to see if they can cross through to rise above the Zone or not.
US30 On the Hourly, the candle still forming has breached the Swing Highs of 47,418 and 47,454 for me to readjust the Bullish Trendline (in green dotted line). Look closely at it now, the bullish candle is tethered to the trendline, making it Neutral Market Bias. Watch to see if price action moves more to the right of the trendline (making it Bearish Market Bias) or to the left of the trendline (making it Bullish Market Bias).
US30 The Dow is quiet. Too quiet. Price is pinned in a tight range, and it feels like the market is holding its breath. When this happens, it's because two powerful, opposing narratives are at war. Let's break down the arguments from both the bull and bear camps.
US30 Heading over to the 4-Hour timeframe, a new S&R Zone formed from consolidation.
If the bulls rise above the S&R Zone, they can breach the Swing High at 47,454 with a candle close past that price and head for the Bearish Trendline (in red dotted line) to rise above it - flipping the market bias from Neutral to Bullish and go much higher. But, if the bears come in to drop below the S&R Zone, then they can head for the current mean reversion price of 47,205.
There's an imperfect-looking Double Inside Day that formed within the S&R Zone, so a BIG move is coming that will look massive on the lower timeframes.
US30 Are You Ready? The Hourly that is in Bullish (directional) Market Bias from rising above the Bearish Trendline (in red dotted line) is now showing a 3rd pattern that BIGGER than life moves are coming: two Double Inside Days and a Triple Inside Day. This is gonna be a wild ride with more than one BIG move on the way, either to the upside/downside/both sides.
Also, notice the tight consolidation within and below the S&R Zone. They have been tightly "coiling" earlier for over 14 hours. That's more confirmation of a massive breakout from a "coil" that can't tighten anymore.
US30 Price is coiling up here just under 48k. Waiting for a clean breakout and a retest to confirm the next leg. If it holds, we're likely going higher.
US30 Price currently on H4 resistance. bearish breakout would be ideal to Prev. Day lowsssssss. in case of a bullish break. wait for retest above the H4 resistance
US30 On the Daily, which is in Bullish (directional) Market Bias, you can see that the bull run can potentially rise up to hit major resistance from the S&R Zone above them that begins at 47,571. If the bulls reach it, watch to see if they can cross through to rise above the Zone or not.
