DJ30 has been in a bullish trend with the formation of higher highs and higher lows. We are looking to go long on the pair from the support level at the price of 38200. This will converse another bullish impulse towards the higher side of the market.

The ascending trendline might be retested at the support level. If the market rejects the trendline at the support level with the price action, there is a strong confluence to be formed.

There is no retracement level on this pair as of now.

EMA 50 is super bullish with an extended steep curve upwards. I do not anticipate the retest to happen at this support of our long positions.

RSI is at 60. It needs to be neutralized at the level of 50 in order to align with the technical factors.

Another buy attempt at 38200

Feb 02 2024