Market Analysis – July 24 The US 30 index has successfully broken out from an ascending triangle on the daily chart. On July 12th, the well-defended resistance zone at 40,094.0 was breached. The price is currently undergoing a pullback after this breakout, seeking support to sustain the bullish stance. US 30 Key Levels Demand Levels: […]
Market Analysis – July 17 The US 30 index has broken through the significant resistance zone at 39,986.0 on the daily chart, reaching an all-time high. The index shows no signs of slowing down, maintaining strong bullish momentum. US 30 Key Levels Demand Levels: 39,987.0, 39,505.0Supply Levels: 41,000, 42,000 US 30 Long-Term Trend: Bullish In […]
Market Analysis – July 12 US 30, the Dow Jones Industrial Average, is manifesting a technically robust pattern on the daily chart indicative of bullish sentiment. The index has formed what appears to be an ascending triangle—a pattern marked by a series of equal highs, which constitute a resistance line, and a succession of higher […]
Market Analysis – July 4 The US 30 index has established a bullish trend, emerging from the significant bullish order block at the 38,560 demand level on the daily chart. The market structure is characterized by consistent higher lows, which form a bullish trendline, supporting a positive outlook for further price appreciation. US 30 Key […]
Market Analysis – June 24 The US 30 price has surged from the bullish order block at 38,560.0. This pullback has formed a higher low, reinforcing the market’s bullish stance. The appearance of full-sized bullish candles on the daily chart indicates the market’s intent to push towards 39,986.0. US 30 Key Levels Demand Levels: 39115.0, […]
US30 Analysis – June 18 US30 continues upward as the price sets to invalidate the $39,140 weak high. The Dow Jones Industrial Average’s chart demonstrates a bullish outlook. This bullish outlook is supported by technical indicators such as the 9-day SMA, MACD crossover, and a positive histogram, indicating short-term positive momentum. US30 Key LevelsResistance Levels: […]
Market Analysis – June 7 US30 continues upward as the price bounces at the demand zone of $38019.0. Notably, on the daily chart, US30 has always been reacting towards the $38019.0 price level. The occurrence of the BOS (Break of Structure) at $40022.0 indicates that the market’s overall trend is bullish. However, the bullish move […]
Market Analysis – May 30, 2024 The US 30 experienced a significant downturn after approaching the 39986.0 supply zone. This level, historically a point of resistance, saw bears assert dominance, leading to a notable price drop. This pattern mirrors the decline observed in the previous month, reinforcing the supply zone’s impact on market movements. Key […]
Market Analysis – May 22 The US 30 experienced a price decline that was halted after mitigating the bullish order block at 37,238.0. The price then resumed its ascent, reaching the current year’s high. While the US 30 market remains bullish, a pullback appears imminent due to overbought conditions. US 30 Key Levels Demand Levels: […]
