📊 US30 (Dow Jones) – 16 May 2025 Update 🚨
Dow Jones just bounced cleanly off the 20 EMA and is now attempting to break through 42,400 resistance 📈
🔎 Technical Breakdown:
📍 Current Price: 42,338
🧭 Key Resistance: 42,400
✅ Strong bounce from 41,800 zone
📊 EMAs sloped up, confirming bullish momentum
This looks like a bullish retest and continuation setup 🔁. Price had a healthy pullback, tapped dynamic support, and now buyers are stepping back in.
🔥 Key Scenarios:
Bullish case 🟢:
Break + close above 42,400 = potential leg up toward 42,600–42,800
EMAs in bullish alignment = trend continuation likely
Bearish case 🔴:
Rejection + close back below 42,200 = retest of 41,800–41,600 support
Would still be a buy-the-dip zone for now
🧠 Pro Tip:
➡️ Don’t short a trending market just because it “looks high”
➡️ Let structure guide you, not emotion
➡️ Tight consolidations near highs = strength 💪
Dow Jones just bounced cleanly off the 20 EMA and is now attempting to break through 42,400 resistance 📈
🔎 Technical Breakdown:
📍 Current Price: 42,338
🧭 Key Resistance: 42,400
✅ Strong bounce from 41,800 zone
📊 EMAs sloped up, confirming bullish momentum
This looks like a bullish retest and continuation setup 🔁. Price had a healthy pullback, tapped dynamic support, and now buyers are stepping back in.
🔥 Key Scenarios:
Bullish case 🟢:
Break + close above 42,400 = potential leg up toward 42,600–42,800
EMAs in bullish alignment = trend continuation likely
Bearish case 🔴:
Rejection + close back below 42,200 = retest of 41,800–41,600 support
Would still be a buy-the-dip zone for now
🧠 Pro Tip:
➡️ Don’t short a trending market just because it “looks high”
➡️ Let structure guide you, not emotion
➡️ Tight consolidations near highs = strength 💪
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.