Can the Dow Jones Continue Its Bullish Momentum This Week?

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Can the Dow Jones Continue Its Bullish Momentum This Week?Dow Jones Industrial Average IndexTVC:DJIThe-ThiefπŸš€ US30/DJI Dow Jones - Bullish Pullback Opportunity πŸ“ˆ Professional Market Blueprint | Swing Trade Setup πŸ“Š TRADE OVERVIEW Asset: US30/DJI - Dow Jones Industrial Average Index Timeframe: Swing Trade (4H-Daily) Bias: 🟒 BULLISH - Hull MA Pullback Strategy Confirmation: Heikin Ashi Reversal Candle Pattern 🎯 ENTRY STRATEGY - "LAYERING METHOD" 🎯 Approach: Multiple limit orders (Professional Risk Distribution) Layer Entry Points: Layer 1: 46,600 πŸ”΅ Layer 2: 46,800 πŸ”΅ Layer 3: 47,000 πŸ”΅ Layer 4: 47,200 πŸ”΅ πŸ’‘ Tip: Adjust additional layers based on your risk tolerance and account size πŸ›‘ RISK MANAGEMENT Stop Loss: 46,400 ⚠️ DISCLAIMER: This is a reference level only. You manage your own risk. Adjust SL according to your strategy and risk profile. Take Profit Target: 48,800 πŸ“Œ Rationale: Moving Average resistance + Overbought zone + Trap detection ⚠️ DISCLAIMER: This is a reference level only. You manage your own risk. Take profits at your own discretion. πŸ“ˆ TECHNICAL CONFLUENCE βœ… Hull Moving Average - Bullish alignment & pullback structure βœ… Heikin Ashi Reversal - Confirmation candle pattern at entry zones βœ… Moving Average Resistance - Strong rejection level near TP βœ… Overbought Divergence - Potential trap for trap traders βœ… Risk/Reward Ratio - Favorable 1:3+ setup potential πŸ”— RELATED PAIRS TO WATCH - CORRELATION ANALYSIS πŸ“ SPY - S&P 500 ETF (Positive Correlation - 0.92) US30 follows broad market sentiment. SPY strength = DJI bullish momentum. πŸ“ QQQ - Nasdaq-100 ETF (Positive Correlation - 0.85) Tech sector performance impacts overall market. Monitor for divergence signals. πŸ“ IWM - Russell 2000 (Small Cap) (Positive Correlation - 0.88) Small-cap rotations precede index moves. Early trend confirmation signal. πŸ“ GLD - Gold Spot Price (Inverse Correlation - -0.45) Risk-on sentiment (bullish DJI) = weaker gold. Inverse hedge setup. πŸ“ VIX - Volatility Index (Inverse Correlation - -0.70) Rising VIX = market fear = DJI pullback risk. Monitor at entry zones. πŸ“ US10Y Yield (Negative Correlation - -0.55) Rising yields pressure equities. Check yield strength before entries. πŸ“ DXY - US Dollar Index (Weak Negative - -0.30) Stronger dollar = export headwinds. Minor impact, secondary indicator. ⚑ KEY TRADING RULES πŸ”΄ BEFORE ENTRY: Confirm Hull MA slope is positive Wait for Heikin Ashi reversal candle close Check VIX & SPY alignment Ensure no major economic events 🟒 AT ENTRY: Use layering strategy (don't chase) Build position gradually across 4 layers Scale risk based on account size Document entry price & time 🟑 DURING TRADE: Trail stop loss after +1% profit Monitor related pairs for divergence Close 50% at +2% for risk-free trade Let remainder run to target πŸ”΅ EXIT PLAN: Target: 48,800 (reference level) Or: Exit on Heikin Ashi reversal signal Or: Close on MA resistance rejection Never hold into major news events