US30 Intraday Setup
Technical Outlook — 10 June, 2025
Market Context:
The Dow Jones (DJI) is currently consolidating around 42,730, hovering near the "Previous Day High" after several attempts to break higher. Price action is forming a potential ascending triangle or a tight range, suggesting a crucial decision point for the intraday trend. The market is showing indecision at key resistance.
Key Levels & Trade Plan:
Resistance:
Immediate: ~$42,890 - $42,950 (Previous Day High / Upper boundary of consolidation).
Major: ~$43,100 - $43,150.
Support:
Immediate: ~$42,700 - $42,750 (Lower boundary of consolidation / Ascending trendline).
Strong: ~$42,545 - $42,600.
Lower/Previous Day Low: ~$42,280 - $42,390.
Trade Plan:
Bullish Breakout (Long):
Trigger: Clear 1-hour close above $42,950 with good volume, confirming breakout from consolidation/Previous Day High.
Target: $43,100, then $43,150.
Stop Loss: Below breakout level (e.g., $42,850).
Bearish Breakdown (Short):
Trigger: Clear 1-hour close below $42,700 with strong selling volume, breaking the ascending trendline/consolidation.
Target: $42,600, then $42,390.
Stop Loss: Above breakdown level (e.g., $42,780).
Dip Buy (Long):
Trigger: Price holds $42,545 - $42,600 with clear bullish reversal signals (e.g., strong wick, bullish engulfing) on the 1-hour timeframe.
Target: Resistance levels.
Stop Loss: Below the confirmed support (e.g., $42,500).
Risk Management: Always use proper position sizing and set a stop loss.
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Disclaimer: This content is intended for educational purposes only and does not constitute financial advice.
Technical Outlook — 10 June, 2025
Market Context:
The Dow Jones (DJI) is currently consolidating around 42,730, hovering near the "Previous Day High" after several attempts to break higher. Price action is forming a potential ascending triangle or a tight range, suggesting a crucial decision point for the intraday trend. The market is showing indecision at key resistance.
Key Levels & Trade Plan:
Resistance:
Immediate: ~$42,890 - $42,950 (Previous Day High / Upper boundary of consolidation).
Major: ~$43,100 - $43,150.
Support:
Immediate: ~$42,700 - $42,750 (Lower boundary of consolidation / Ascending trendline).
Strong: ~$42,545 - $42,600.
Lower/Previous Day Low: ~$42,280 - $42,390.
Trade Plan:
Bullish Breakout (Long):
Trigger: Clear 1-hour close above $42,950 with good volume, confirming breakout from consolidation/Previous Day High.
Target: $43,100, then $43,150.
Stop Loss: Below breakout level (e.g., $42,850).
Bearish Breakdown (Short):
Trigger: Clear 1-hour close below $42,700 with strong selling volume, breaking the ascending trendline/consolidation.
Target: $42,600, then $42,390.
Stop Loss: Above breakdown level (e.g., $42,780).
Dip Buy (Long):
Trigger: Price holds $42,545 - $42,600 with clear bullish reversal signals (e.g., strong wick, bullish engulfing) on the 1-hour timeframe.
Target: Resistance levels.
Stop Loss: Below the confirmed support (e.g., $42,500).
Risk Management: Always use proper position sizing and set a stop loss.
If you found this analysis valuable, kindly consider boosting and following for more updates.
Disclaimer: This content is intended for educational purposes only and does not constitute financial advice.
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.
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.