The US30 (Dow Jones Industrial Average) is putting on a show today, pushing higher towards a critical resistance zone.
Key Levels to Watch:
* Resistance: The major ceiling is clearly at ~45,750. The price has tested this level multiple times today and is currently consolidating just below it. A decisive break and close above this could signal a strong bullish continuation.
* Support: Immediate support sits near 45,430-45,490. A break below this zone could see a pullback towards the 45,300 level.
The price action is looking strong, but the real test is happening now at this significant resistance. Volume on a breakout will be key for confirmation.
What's your take?
* Bullish breakout above 45,800?
* Or a rejection for a pullback?
Tags: #US30 #DOWJONES #Trading #Investing #Stocks #Finance #TechnicalAnalysis #PriceAction #Resistance #Support #TradingView
Key Levels to Watch:
* Resistance: The major ceiling is clearly at ~45,750. The price has tested this level multiple times today and is currently consolidating just below it. A decisive break and close above this could signal a strong bullish continuation.
* Support: Immediate support sits near 45,430-45,490. A break below this zone could see a pullback towards the 45,300 level.
The price action is looking strong, but the real test is happening now at this significant resistance. Volume on a breakout will be key for confirmation.
What's your take?
* Bullish breakout above 45,800?
* Or a rejection for a pullback?
Tags: #US30 #DOWJONES #Trading #Investing #Stocks #Finance #TechnicalAnalysis #PriceAction #Resistance #Support #TradingView
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.