US30 Bullish Setup: Bounce from Channel Support

14 gen

The US30 (Dow Jones Industrial Average) is trading within a rising channel, indicating a bullish market structure. The price has recently bounced off the channel's lower boundary, which aligns with a key support zone around 42,000. This area has acted as a strong level where buyers regained control.

The overall trend remains bullish, as seen in the series of higher highs (HH) and higher lows (HL) within the channel. If the price forms bullish confirmation patterns, I anticipate an upward move targeting the 44,500 level.

Traders should watch for confirmation signals, such as strong bullish candlesticks or higher lows on lower time frames, before entering long positions.

14 gen

Trade attivo

24 gen

Trade chiuso: obiettivo raggiunto

Take Profit Hit