Dow Jones US30 Analysis: Bullish Trend, Trade Plan

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Dow Jones US30 Analysis: Bullish Trend, Trade PlanDow Jones Industrial Average CashFX:US30fxtraderanthony📊 The US30 (Dow Jones) remains in a strong bullish trend, showing a clear sequence of higher highs and higher lows on the 4-hour chart 📈. However, when viewed on the daily timeframe, price now appears somewhat overextended ⚠️. 🔎 Dropping down to the lower timeframes and applying the Anchored VWAP (AVWAP) indicator, it’s evident that price is trading well above VWAP, signaling a premium zone. The risk here is that traders may continue buying into strength without acknowledging that price could easily retrace back into VWAP. 💡 Remember — smart money buys at a discount, not at a premium. In bullish trends like this, patience is crucial. 📹 In the video, I outline my trade plan, which focuses on waiting for a healthy pullback and then looking for a bullish setup if the structure aligns in our favor. I’m not interested in chasing price when it’s this extended — instead, I prefer to wait for the retracement and enter at better value, reducing risk and improving trade quality 🎯. ⚠️ Disclaimer: This analysis is for educational purposes only and not financial advice. Always trade responsibly and manage risk carefully.