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US30DailyBullish

Dow Jones (US30) daily (SMC): buy the 51700–52100 zone

FXFibo editorial · · 1 min read
Summary

The daily structure in Dow Jones (US30) is bullish: a bullish change of character (CHoCH) at 52992, with price now around 52659. The 51700–52100 area is the main buy zone.

BiasBullishEntry zone51950Stop loss50700Target 152992Target 253807StatusActive
Invalidation: Daily close below 50792
Dow Jones (US30) daily (SMC): buy the 51700–52100 zone

Main scenario

  • Entry zone: 51700–52100 (around 51950)
  • Stop: 50700
  • Targets: 52992 and 53807
  • Enter after candle confirmation or an aligned CHoCH on a lower timeframe

Alternative scenario

A daily close below 50792 invalidates the main scenario and opens the way to 50792.

Key levels

  • Resistance: 52992, 53807, 54000
  • Support: 52100, 51656, 50792

Market-moving events

  • Tue 10 Nov: US CPI
  • Thu 12 Nov: UK GDP and US jobless claims
  • Fri 13 Nov: US PPI and euro-area GDP
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⚠ This analysis is educational and is not a buy or sell recommendation. Trading financial markets carries the risk of losing capital.