๐ Dow Jones at Critical Support โ Will Bulls Step In?
๐ธ The US30 has been in a downtrend, with price testing a major demand zone at 42,250 - 42,500.
๐ธ Key market drivers:
โ Bond yields rising, pressuring equities.
โ Fears of delayed rate cuts impacting investor sentiment.
โ NFP report & Powellโs testimony creating uncertainty.
๐ก Upcoming Catalysts
๐น Stronger-than-expected NFP data โ Could delay rate cuts โ Bearish for US30.
๐น Weaker jobs data โ Could increase rate cut bets โ Bullish for US30.
๐ Technical Analysis (1H Timeframe)
๐ Key Levels & Market Structure
๐น Demand Zone: $42,250 - $42,500 (Strong support)
๐น Resistance Levels:
๐ธ $43,600 โ First upside target.
๐ธ $44,704 โ Major supply zone (potential reversal area).
๐ Bullish Reversal Setup?
๐ Price is testing a high-probability support zone, indicating potential buyer interest.
๐ If price breaks above $42,750, we could see a rally toward $43,600 & $44,704.
๐ Bullish confirmation if price closes above $43,000.
๐ Trade Plan
โ Bullish Scenario
Buy near support if price shows rejection.
Target 1: $43,600
Target 2: $44,704
Stop Loss: Below $42,200.
โ Bearish Alternative
If price breaks below $42,200, expect further downside.
๐ฅ Final Thoughts:
The Dow Jones is at a key support level โ will bulls push back, or will sellers dominate? Comment below with your bias! ๐๐
๐ธ The US30 has been in a downtrend, with price testing a major demand zone at 42,250 - 42,500.
๐ธ Key market drivers:
โ Bond yields rising, pressuring equities.
โ Fears of delayed rate cuts impacting investor sentiment.
โ NFP report & Powellโs testimony creating uncertainty.
๐ก Upcoming Catalysts
๐น Stronger-than-expected NFP data โ Could delay rate cuts โ Bearish for US30.
๐น Weaker jobs data โ Could increase rate cut bets โ Bullish for US30.
๐ Technical Analysis (1H Timeframe)
๐ Key Levels & Market Structure
๐น Demand Zone: $42,250 - $42,500 (Strong support)
๐น Resistance Levels:
๐ธ $43,600 โ First upside target.
๐ธ $44,704 โ Major supply zone (potential reversal area).
๐ Bullish Reversal Setup?
๐ Price is testing a high-probability support zone, indicating potential buyer interest.
๐ If price breaks above $42,750, we could see a rally toward $43,600 & $44,704.
๐ Bullish confirmation if price closes above $43,000.
๐ Trade Plan
โ Bullish Scenario
Buy near support if price shows rejection.
Target 1: $43,600
Target 2: $44,704
Stop Loss: Below $42,200.
โ Bearish Alternative
If price breaks below $42,200, expect further downside.
๐ฅ Final Thoughts:
The Dow Jones is at a key support level โ will bulls push back, or will sellers dominate? Comment below with your bias! ๐๐
โ
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โ
JOIN FREE SIGNALS t.me/frankfxforextrade
โ FOR VIP DM: t.me/frankfx22
โ Latest Video :tinyurl.com/derivbot
โ ICMARKETS frankfxx.com/icmarkets
โ EXNESS frankfxx.com/exness
โ DERIV frankfxx.com/deriv
โ FOR VIP DM: t.me/frankfx22
โ Latest Video :tinyurl.com/derivbot
โ ICMARKETS frankfxx.com/icmarkets
โ EXNESS frankfxx.com/exness
โ DERIV frankfxx.com/deriv
Penerbitan berkaitan
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.