🔹 Trend Overview:
US30 is in a strong bearish trend after breaking key support levels. The price has dropped significantly and is currently testing the 41,500.00 support zone. If this level fails to hold, further downside is expected.
🔹 Key Levels:
📈 Resistance: 42,000.00 – 42,484.00
📉 Support: 41,500.00 – If broken, price may drop further to 40,700.00
🔹 Market Structure:
⚠️ Bearish scenario: Price could retest 41,500.00 before continuing its downtrend towards 40,700.00
🚀 Bullish scenario: If 41,500.00 holds as support, a short-term pullback toward 42,000.00 is possible.
📌 Risk Management:
-Wait for a confirmation of breakout or rejection before entering trades.
-Monitor for potential fake-outs at 41,500.00 before committing to a position.
US30 is in a strong bearish trend after breaking key support levels. The price has dropped significantly and is currently testing the 41,500.00 support zone. If this level fails to hold, further downside is expected.
🔹 Key Levels:
📈 Resistance: 42,000.00 – 42,484.00
📉 Support: 41,500.00 – If broken, price may drop further to 40,700.00
🔹 Market Structure:
⚠️ Bearish scenario: Price could retest 41,500.00 before continuing its downtrend towards 40,700.00
🚀 Bullish scenario: If 41,500.00 holds as support, a short-term pullback toward 42,000.00 is possible.
📌 Risk Management:
-Wait for a confirmation of breakout or rejection before entering trades.
-Monitor for potential fake-outs at 41,500.00 before committing to a position.
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.
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.