US30 has extended its bullish structure with a strong impulsive advance, pushing the index into fresh highs.
Following the strength of the latest rally, a corrective phase could develop as the market digests the move. However, the broader structure continues to favour buyers, and this correction may simply prepare the index for another bullish extension.
Our primary scenario is for a deeper short-term retracement followed by renewed buying momentum, potentially driving US30 toward 55,000 and fresh record highs.
Disclosure: We are part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in our analysis.
Following the strength of the latest rally, a corrective phase could develop as the market digests the move. However, the broader structure continues to favour buyers, and this correction may simply prepare the index for another bullish extension.
Our primary scenario is for a deeper short-term retracement followed by renewed buying momentum, potentially driving US30 toward 55,000 and fresh record highs.
Disclosure: We are part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in our analysis.
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Learn how to trade correctly with We Trade Waves. Wave analysis, psychology & mentorship that works! 🌍 45K+ YouTube subs, 600+ 5⭐ reviews
Don’t waste more time and money
Join WTW Pro Now 👉 wetradewaves.com
WTW Team
Don’t waste more time and money
Join WTW Pro Now 👉 wetradewaves.com
WTW Team
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.