Panjang
US30: Breakout Bearish Channel, The Start of the Trend Reversal?
Hello Fellow Stock Investor/Trader, Here's an Outlook for Dow Jones Industrial Average or US30!
Price Action Analysis
There has been a breakout of the recent double bottom and falling wedge pattern, which is followed by a bullish hammer. This pattern typically confirms a potential reversal or bullish scenario. Furthermore, the candlesticks have moved above the dynamic support/EMA90, indicating the possible start of a bullish trend.
The momentum indicator
The MACD has formed a golden cross prior to the breakout, indicating a potential upward movement for the US30.
If the scenario unfolds as planned, after reaching the historical resistance area, there may be a pullback to 33463 before continuing its movement towards the second target.
The roadmap will be invalid after reaching the target/support area.
Support the channel by smashing the rocket button and sharing your opinions in the comment below!
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the
US30"
Price Action Analysis
There has been a breakout of the recent double bottom and falling wedge pattern, which is followed by a bullish hammer. This pattern typically confirms a potential reversal or bullish scenario. Furthermore, the candlesticks have moved above the dynamic support/EMA90, indicating the possible start of a bullish trend.
The momentum indicator
The MACD has formed a golden cross prior to the breakout, indicating a potential upward movement for the US30.
If the scenario unfolds as planned, after reaching the historical resistance area, there may be a pullback to 33463 before continuing its movement towards the second target.
The roadmap will be invalid after reaching the target/support area.
Support the channel by smashing the rocket button and sharing your opinions in the comment below!
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the
US30"Dagangan aktif
Daily Timeframe: Falling Wedge Impulsive breakoutNota
Finally, reach our first target :)
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.