US30 on Track for 43K

前天

Happy Monday, traders.

Here’s my latest analysis and trade idea for US30. Since April 6th, US30 has been in a strong bull run, breaking above the descending weekly trend line while continuing to print higher highs and higher lows.

Although price action has shown some uncertainty since May 22nd, the bigger picture remains bullish it’s just noise. The trend is intact, and we’re now pushing back above the 50 EMA.

Currently, US30 is forming a wedge between two descending trendlines I’ve marked on the chart. I expect some consolidation within this structure, with a potential pullback into my entry zone.

From there, I’m anticipating another short-term push higher, with a target in the Golden Zone between 43,100 and 43,400. My entry range is between 42,179 and 42,481, with a stop-loss just below the current swing low at 41,980.

I expect this move to develop sometime within the next couple weeks.

What do you think will it play out? Let me know in the comments.

US30

昨天

交易進行

Entry zone has been reached. Positions entered at 42,425 and 42,360. Let's see how this plays out 💸