US30 Bullish Breakout Setup -4H Timeframe Analysis

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Title:
"US30 Bullish Breakout Setup – 4H Timeframe (Chart Pattern Analysis)"

Entry Point:
Consider entering a buy trade upon a confirmed breakout above the resistance trendline (around 40,800 – 41,000 zone), marked by the blue circle.

Target Point 1:
First target is around 42,500, which aligns with the first resistance zone and previous price structure.

Target Point 2:
Second (extended) target is near 44,000, where the next major resistance zone is marked.

Stop-Loss (SL):
Set SL below the breakout structure and ascending trendline, around 39,500 – 39,700, to manage risk if the breakout fails.

The chart illustrates a bullish ascending triangle pattern, suggesting accumulation before a breakout. The price is also supported by Ichimoku cloud structure showing a possible bullish shift. A breakout above resistance could trigger a strong move toward the outlined targets, offering a solid risk-reward opportunity.

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US30 running in profit