The Dow Jones Industrial Average Index (US30) on a 1-day timeframe.

Key Elements in the Chart:

1. Entry Zone (40,070 - 39,880):
The recommended entry range for a long position is between 40,070 and 39,880.

2. Target Levels:
Target 1: 40,636.77
Target 2: 41,295.33
Target 3: 42,750.00

3. Stop Loss:
The stop loss level is set at 39,825.

4. Support and Resistance:
Support Zone: Marked in green below the entry range.
Resistance Levels:
First Resistance: 40,636.77
Second Resistance: 41,295.33
Final Cycle Target: 42,750.00

5. Current Price:
The current price at the time of the chart is 40,604.42, which is below the first resistance level but above the entry zone.

Analysis:

1. Entry Strategy:
The recommended entry zone for a long position is between 40,070 and 39,880. Entering within this range allows you to capitalize on a potential upward movement towards the target levels.
2. Target Levels:
The first target level of 40,636.77 is relatively close to the current price, suggesting a short-term target.
The second target of 41,295.33 and the final cycle target of 42,750.00 indicate higher resistance levels and potential profit points for medium to long-term trades.
3. Stop Loss:
A stop loss at 39,825 ensures a predefined risk, protecting the trader from significant downside moves if the market goes against the position.
4. Support and Resistance Analysis:
The support zone indicates a strong buying interest, which can serve as a cushion against falling prices.
Breaking above the resistance levels will be crucial for the continuation of the upward trend.
Trading Plan:
1. Enter Long Position: Within the entry zone (40,070 - 39,880).
2. Set Stop Loss: At 39,825 to manage risk.
3. Monitor Resistance Levels: Watch for price action around 40,636.77 and 41,295.33.
4. Take Profit:
Partial profit at the first target (40,636.77).
Further profit at the second target (41,295.33).
Final profit around the final cycle target (42,750.00).

Chart PatternsDJIdowjonesTrend AnalysisUS30US WALL ST 30Wave Analysis

Anche su:

Declinazione di responsabilità