Analysis and Idea on US30 Chart

Disclaimer: This is not financial advice. Prices can move in any direction, so manage your risk accordingly.

Situation Overview:
In the US30 chart, there has been a significant drop in the Consumer Price Index (CPI) recently, causing the price to hit a strong swing level.

Analysis:
Given this context, there's an expectation for an overall correction in price, followed by a bullish trend.

Trading Idea:

Entry Point: Buy above 38,470, especially after a confirmed breakout observed on lower timeframes.
Breakout Confirmation: A break above this level is likely, based on technical analysis.
First Target: Aim for a gain of 200+ points/pips.
Second Target: Similarly, target another 200+ points/pips.
Overall Target: The goal is to capture around 400 points in total.
Risk Management:
It's crucial to remember that this is just an idea and not financial advice. Prices can fluctuate unexpectedly, so it's essential to manage risk effectively.

By following these guidelines, traders can align their strategies with potential market movements while prioritizing risk management.