DJIA Bullish Breakout with Retest Targeting 45,301
Dow Jones Industrial Average Index (1H) Analysis:
🔹 Trend: Price is moving in an ascending channel, indicating a short-term bullish trend.
🔹 Support Zone: Strong support identified between 44,476.4 – 44,610.9, previously a consolidation area.
🔹 EMA Strategy: Price is trading above the 70 EMA (44,465.4), supporting bullish momentum.
🔹 Breakout Confirmation: Price has broken above the mid-resistance level and is retesting the support zone—ideal for a buy entry on pullback.
🔹 Price Action: Bullish structure with higher highs and higher lows; momentum favors buyers.
🔹 Target: Next resistance / target at 45,301.5, offering a 1.55% potential upside.
🔹 Risk Management: Stop-loss just below the support zone (~44,470) to protect against a false breakout.
📈 Conclusion: Buy on retracement to support zone for a move toward 45,301.5 with bullish confirmation.
🔹 Trend: Price is moving in an ascending channel, indicating a short-term bullish trend.
🔹 Support Zone: Strong support identified between 44,476.4 – 44,610.9, previously a consolidation area.
🔹 EMA Strategy: Price is trading above the 70 EMA (44,465.4), supporting bullish momentum.
🔹 Breakout Confirmation: Price has broken above the mid-resistance level and is retesting the support zone—ideal for a buy entry on pullback.
🔹 Price Action: Bullish structure with higher highs and higher lows; momentum favors buyers.
🔹 Target: Next resistance / target at 45,301.5, offering a 1.55% potential upside.
🔹 Risk Management: Stop-loss just below the support zone (~44,470) to protect against a false breakout.
📈 Conclusion: Buy on retracement to support zone for a move toward 45,301.5 with bullish confirmation.
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join my tellegram channel
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join my refferal broker
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t.me/JaMesGoldFiGhteR786
join my refferal broker
one.exnesstrack.org/a/g565sj1uo7?source=app
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.