US30 OUTLOOK 4H
Hello everyone,
Dow Jones 4H NEW FORECAST
• Bearish Scenario (Price Below 44,550):
When the price drops below 44,550, it signals a bearish trend (meaning the price is expected to decrease). The market could continue its downward movement towards 44,300 and 44,050 levels. These levels act as potential support zones, meaning the price might stabilize or even bounce back slightly. However, if these support levels are broken, the price could continue to decline further.
• Bullish Scenario (Price Above 44,680):
If the price breaks above 44,680, it signals a bullish trend (meaning the price is expected to increase). The breakout above 44,680 indicates that the market has found strength to push higher, and the price could continue to climb towards resistance levels at 44,840 and 45,120. If the price reaches these resistance points, it may face difficulty advancing further, as these levels can act as a barrier. A successful break above these resistance levels would signal even higher targets.
Key Points to Watch:
• If the price is below 44,550, watch for potential support at 44,300 and 44,050. These are your key levels to watch for signs of a reversal or further decline.
• If the price is above 44,680, the market is in a bullish phase, and you should look for further upward movement towards 44,840 and 45,120.
Dow Jones 4H NEW FORECAST
• Bearish Scenario (Price Below 44,550):
When the price drops below 44,550, it signals a bearish trend (meaning the price is expected to decrease). The market could continue its downward movement towards 44,300 and 44,050 levels. These levels act as potential support zones, meaning the price might stabilize or even bounce back slightly. However, if these support levels are broken, the price could continue to decline further.
• Bullish Scenario (Price Above 44,680):
If the price breaks above 44,680, it signals a bullish trend (meaning the price is expected to increase). The breakout above 44,680 indicates that the market has found strength to push higher, and the price could continue to climb towards resistance levels at 44,840 and 45,120. If the price reaches these resistance points, it may face difficulty advancing further, as these levels can act as a barrier. A successful break above these resistance levels would signal even higher targets.
Key Points to Watch:
• If the price is below 44,550, watch for potential support at 44,300 and 44,050. These are your key levels to watch for signs of a reversal or further decline.
• If the price is above 44,680, the market is in a bullish phase, and you should look for further upward movement towards 44,840 and 45,120.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.