US30 Long Idea: Bullish Retest of Key Flipped Level

Hello TradingView Community,
This post outlines a potential long trade setup on the Dow Jones Industrial Average Index (US30) on the 15-minute timeframe.
Technical Analysis:
The chart shows the price has been trading within a range, with a key horizontal level at approximately 46,732.10 acting as a significant resistance. We have recently seen a strong bullish breakout above this level, indicating that buyers may be taking control.
The trading idea is based on a classic "resistance-turned-support" pattern. After breaking out, the price is now pulling back to retest this former resistance from above. The expectation is that this level will hold as new support, providing a solid base for a continuation of the upward move.
Trade Setup:
The long position tool on the chart visualizes a potential trade plan for this bullish scenario:
Entry: Approximately 46,732.10 (at the retest of the new support).
Stop Loss: 46,490.84 (placed below the key support structure to invalidate the idea if the level fails to hold).
Take Profit: 47,430.58 (targeting a new higher high).
This setup provides a structured plan with a favorable risk-to-reward ratio for a potential continuation of the bullish momentum.
Disclaimer: This analysis is for educational and discussion purposes only and should not be considered as financial advice. Trading indices involves a high level of risk. Please conduct your own research and manage your risk appropriately.