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 📉 US30 7th March 2025 Daily Analysis Based on Main Key Levels

  • Neom
  • Mar 7
  • 1 min read

Daily Current Market Price (DCMP): 42,620


Key Levels & Technical Overview 🔍


Price Structure


Above DCMP (Resistance):


▶️ 42,919 (Immediate Resistance) 🔴

▶️ 43,076 (Mid-Term Barrier)

▶️ 43,332 (Critical Sell Zone)

 

Below DCMP (Support):


▶️ 42,408 (Primary Support) 🟢

▶️ 42,251 (Fib 50% Retracement)

▶️ 41,996 (2024 Low Confluence)


Swing Levels


Daily Swing High: 45,050

Daily Swing Low: 44,079


Technical Indicators


Fibonacci: 42,408 aligns with 61.8% retracement from 2024’s ATH (45,050).

RSI: Neutral at 49, no divergence observed.

MACD: Bearish crossover confirmed below 42,770 resistance.


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Intraday Trade Setups 💡


Trade Idea 1: Intraday Sell


Entry: 🎯 42,770 (Weekly Pivot Resistance)

Stop Loss: 🚫 43,332 (Resistance 3)

Take Profit 1: 🏁 42,408 (Support 1)

Take Profit 2: 🏁 42,251 (Fib 50% Retracement)


Rationale: Price rejects 42,770 resistance (weekly pivot + Fib 38.2%) amid bearish MACD crossover.

 

Trade Idea 2: Intraday Buy


No valid setup below DCMP meets risk-reward criteria due to lack of bullish confirmation.


Strategic Insights & Risk Management 🔥


Bearish Momentum: Breakdown below 42,408 could accelerate declines toward 41,996 (2024 low).


Bullish Reversal Signal: Close above 42,919 needed to invalidate bearish structure.


Position Sizing: Limit risk to 1% per trade; use 1:2 reward ratio for sell setup.


Technical Tools in Focus 🔧


Price Channels: Descending channel from 45,050 signals bearish dominance.


Volume Profile: Low liquidity near 42,770 increases volatility risks.

Elliott Wave: Potential Wave C continuation if 42,408 breaks.


Final Note: Monitor 42,408-42,770 range for breakout confirmation. Neutral bias prevails until decisive close outside this zone.

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