DennisDims

US30: Anticipating Retracement to 34,300 Support

Short
CAPITALCOM:US30   Dow Jones Industrial Average Index
The US30 has been on a remarkable bullish streak, surging toward monthly resistance levels. As historical data suggests, these levels often trigger retracements.

With the current bullish momentum showing signs of exhaustion, a retracement to the key support level at 34,300 appears likely.

Monthly resistance has been consistently hit, signaling a potential reversal.

This analysis is based on historical price action, technical indicators, and personal interpretation. Always conduct thorough research before making trading decisions.
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