π 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 π. However, when viewed on the daily timeframe, price now appears somewhat overextended β οΈ.
π Dropping down to the lower timeframes and applying the Anchored VWAP (AVWAP) indicator, itβs 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.
π‘ Remember β smart money buys at a discount, not at a premium. In bullish trends like this, patience is crucial.
πΉ 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. Iβm not interested in chasing price when itβs this extended β instead, I prefer to wait for the retracement and enter at better value, reducing risk and improving trade quality π―.
β οΈ Disclaimer: This analysis is for educational purposes only and not financial advice. Always trade responsibly and manage risk carefully.