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 📉📅 US30 Daily Analysis Based on Main Key Levels – 24 April 2025

  • Neom
  • Apr 24
  • 1 min read

Current Market Price: 💹 39,399


🎯 Critical Price Zones


Above Price (Resistance)


🔴 R3: 41,501 | R2: 40,792 | R1: 40,354


Below Price (Support)


🟢 S1: 38,936 | S2: 38,498 | S3: 38,255


Swing Extremes:


🔼 Swing High: 42,819 | 🔽 Swing Low: 37,801


📊 Technical Landscape


  • RSI: Neutral on daily charts, bearish divergence forming on 4H

  • MACD: Histogram flattening near zero line, signaling consolidation

  • Price Action: Testing 39,400-39,600 resistance cluster


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💡 Intraday Trade Opportunities


Trade Idea 1: Intraday Buy


Entry: 🎯 38,255 (Key Support Cluster)

Stop Loss: 🚫 37,801 (Below Swing Low)

Take Profit 1: ✅ 39,471 (Immediate Resistance)

Take Profit 2: ✅ 40,148 (Upper Resistance Band)


Rationale:


  • Aligns with 78.6% Fibonacci retracement from 37,801 low

  • Bullish MACD crossover observed on 4H timeframe


Trade Idea 2: Intraday Sell


  • Entry: 🎯 38,498 (Weakness Below Key Level)

  • Stop Loss: 🚫 39,262 (Above S2)

  • Take Profit 1: ✅ 37,801 (Swing Low)

  • Take Profit 2: ✅ 37,200 (Psychological Support)


Rationale:


  • Price rejection at 38,500 aligns with descending trendline

  • RSI shows hidden bearish divergence on 1H charts


📉 Fibonacci Framework (4H)


  • 61.8% Retracement: 39,100 acts as immediate resistance

  • 127% Extension: 40,900 becomes viable if bullish momentum sustains


⚠️ Risk Parameters


  • Maximum 1:2 risk-reward ratio for all trades

  • Monitor US GDP data releases at 14:30 GMT

  • Reduce position size during FOMC meeting hours

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