DJIA 15-Min Breakout Watch –Targeting 42,250 on Bullish Momentum
Dow Jones Industrial Average Index on a 15-minute timeframe. Here's the prediction and key details based on the chart:
Current Situation:
Price: 41,986.51 at the time of the chart.
Supertrend (10, 3): Indicates support at 41,690.11.
The price is approaching a resistance zone marked near 42,000.
An ascending channel pattern is in play, showing bullish momentum.
Forecasted Move:
The chart anticipates a bullish breakout above resistance.
Next Target: 42,250 if the price breaks above the resistance zone.
There’s a highlighted area (circle) indicating a potential breakout point.
Key Technical Note:
A breakout confirmation above the resistance level (~42,000) could trigger a rally towards the target of 42,250.
If resistance holds, the price might pull back towards the channel support or the supertrend level (~41,690).
Conclusion:
Bullish Bias in short term, contingent on breakout.
Watch for price action confirmation at resistance for entry signals.
Current Situation:
Price: 41,986.51 at the time of the chart.
Supertrend (10, 3): Indicates support at 41,690.11.
The price is approaching a resistance zone marked near 42,000.
An ascending channel pattern is in play, showing bullish momentum.
Forecasted Move:
The chart anticipates a bullish breakout above resistance.
Next Target: 42,250 if the price breaks above the resistance zone.
There’s a highlighted area (circle) indicating a potential breakout point.
Key Technical Note:
A breakout confirmation above the resistance level (~42,000) could trigger a rally towards the target of 42,250.
If resistance holds, the price might pull back towards the channel support or the supertrend level (~41,690).
Conclusion:
Bullish Bias in short term, contingent on breakout.
Watch for price action confirmation at resistance for entry signals.
Dagangan aktif
congrates target reached successfully
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.