US30: Shorting the Range as Resistance Holds

US30ShortIntraday3d ago5 views

Trade Setup

Entry Price

44219.00

Stop Loss

44249.00

Take Profit

44159.00

Risk : Reward

1 : 2.00

RiskReward

Market Snapshot & Trend Analysis


Alright team, let's zero in on the US30 (Dow Jones 30). We're currently seeing the index trading around 44212.51, with a marginal 24h change of 0.03%. What's key here is the overall sideways trend we've been observing. The daily range is quite tight, spanning from 44193.75 to 44231.27.
My technical read is that we're nearing the upper end of this established range. We've got clear resistance levels at 44231.27 and 44250 just above current price action. This tells me that sellers could be stepping in at these higher

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