The US 30 index has initiated a strong bullish push by targeting the liquidity-rich regions beneath the key order blocks around $36,169.0. The price is currently advancing toward relative equal highs on the daily chart, where a significant liquidity pool resides, attracting further buying interest.
After breaking above the 40,039.0 resistance level, the US 30 index quickly formed a double top pattern, triggering a notable dip. The price dropped below a crucial bullish order block, which seemed poised to act as support. Following this dip, the Stochastic indicator entered oversold territory, signaling a bullish reversal. The market quickly rebounded, recovering sharply from the zone.
The move below the bullish order block initially suggested a potential bearish reversal. However, the swift recovery indicated that the bearish momentum was short-lived. The MACD (Moving Average Convergence and Divergence) indicator now shows building bullish momentum, further reinforcing the uptrend.
US 30 Short-Term Trend: Bullish
On lower timeframes, the market structure also displays clear bullish forex signals. However, the presence of a fair value gap on the sell side could pose a temporary challenge to the ongoing upward movement. If US 30 manages to break through this gap, it is expected to push higher, potentially reaching 41,400 in the near term.
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