FX:US30   Dow Jones Industrial Average Index
Since July 1st, US30 has been on a bullish uptrend. This bullish uptrend took place after a bearish trend line was broken on the 4hr time frame.The bearish trend line began on June 9th and ended with a bullish break and retest on July 2nd. Since the breakout, price has surpassed is three most previous highs. In the current screenshot, wave 0-1-2 has a 50% retrace. Id advise looking for a buy entries on corrective wave 4 between 38.20%-50% retrace area.
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.