Trade Idea
Duration: Intraday
Expires: 06/06/2025 07:00
Technical Overview
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
- Type: Buy Limit
- Entry: 24,171
- Target: 24,555
- Stop Loss: 24,039
Duration: Intraday
Expires: 06/06/2025 07:00
Technical Overview
- Intraday dips continue to attract buyers, reinforcing the strength of the ongoing uptrend.
- Price action is consolidating near all-time highs, with former resistance at 24,170 now acting as support.
- The 20-period 4H EMA sits at 24,162, reinforcing this level as a dynamic support zone.
- With no technical signs of exhaustion, the strategy is to buy into weakness, aiming for a breakout continuation toward 24,555.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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.