Hope everyone had a great weekend!
This chart outlines a critical US30 intraday structure with price currently pulling back into a key confluence zone composed of:
A rising trendline from July 23rd
Two stacked demand zones, the upper around 44,850 and lower near 44,700
Bullish Scenario (Preferred Bias):
If price respects the trendline and upper key zone, we may see a bullish continuation targeting the 45,150–45,250 range.
The clean bounce zone, marked by the green arrow, suggests smart money might defend this level.
Watch for bullish engulfing or low-volume traps near 44,850–44,880 to confirm entry.
Bearish Scenario (Alternate Play):
If price fails to hold the trendline, and breaks below the 44,850 key zone with momentum, expect a drop into the lower zone (44,650–44,700).
A breakdown below this lower demand could shift the bias entirely, opening the door for a deeper correction back into the mid-44,000s.
Weekly Playbook:
Early week: Monitor the reaction at the upper key zone for sniper long opportunities with tight stops.
Mid to late week: If structure fails, flip bias and look for supply rejections on retests for shorts.
Risk: Account for FOMC/major U.S. news events that may introduce volatility traps around these zones.
Verdict: Stay patient. Let price dictate bias at the trendline. If it holds, this could be a textbook bounce continuation setup.
This chart outlines a critical US30 intraday structure with price currently pulling back into a key confluence zone composed of:
A rising trendline from July 23rd
Two stacked demand zones, the upper around 44,850 and lower near 44,700
Bullish Scenario (Preferred Bias):
If price respects the trendline and upper key zone, we may see a bullish continuation targeting the 45,150–45,250 range.
The clean bounce zone, marked by the green arrow, suggests smart money might defend this level.
Watch for bullish engulfing or low-volume traps near 44,850–44,880 to confirm entry.
Bearish Scenario (Alternate Play):
If price fails to hold the trendline, and breaks below the 44,850 key zone with momentum, expect a drop into the lower zone (44,650–44,700).
A breakdown below this lower demand could shift the bias entirely, opening the door for a deeper correction back into the mid-44,000s.
Weekly Playbook:
Early week: Monitor the reaction at the upper key zone for sniper long opportunities with tight stops.
Mid to late week: If structure fails, flip bias and look for supply rejections on retests for shorts.
Risk: Account for FOMC/major U.S. news events that may introduce volatility traps around these zones.
Verdict: Stay patient. Let price dictate bias at the trendline. If it holds, this could be a textbook bounce continuation setup.
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.