US30 Cmp 52700
All important levels are marked on the chart. The index is travelling in a new rising parallel channel (red one). This time, reaching the upper edge of blue channel (around 52800).
Stochastic RSI shows likely reversal too.
If the price is rejected from the present level, it may go into a bearish phase ahead.
A downside projection seems around 47000.
All these illustrations are my own view. This is only for educational purposes. It is a trading advice. Please do your research before any trade.
All the best.
All important levels are marked on the chart. The index is travelling in a new rising parallel channel (red one). This time, reaching the upper edge of blue channel (around 52800).
Stochastic RSI shows likely reversal too.
If the price is rejected from the present level, it may go into a bearish phase ahead.
A downside projection seems around 47000.
All these illustrations are my own view. This is only for educational purposes. It is a trading advice. Please do your research before any trade.
All the best.
Trade active
Reached 51600 on 30.1.26. Good move in desired direction. 
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.
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.