US30 (Dow Jones Industrial Average) on the 1-hour timeframe,
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US30 (Dow Jones Industrial Average) on the 1-hour timeframe with a potential bullish setup.
Chart Analysis:
• The price is currently around 43,415, trading within a support zone (highlighted in red).
• A bullish scenario is suggested, where price is expected to bounce from support and move towards the next resistance level (marked with a blue arrow).
• Key resistance levels are around 43,871, which could be the first target if the price starts moving up.
• Price previously rejected a lower support area, indicating potential buying interest at this level.
• The overall expectation appears to be a breakout above consolidation and a continuation towards higher levels.
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