US30 possible continuation to 35,000

11 Nov 2023

In my analysis, I've identified a potential continuation of the uptrend with a target set at 35,000. However, in adherence to my trading rules, I am anticipating a retracement to the 33,900 region, aligning with the lower boundary of the established uptrend channel. In this scenario, I plan to initiate a position, setting my stop-loss at 33,800, and establishing multiple targets. I intend to secure a portion of my positions upon reaching the first take-profit level, allowing the remaining positions to run.