US30| Tariffs Trigger Sharp Market Reversal, Market Eyes 41,660
The price reversed and declined sharply to below 42,429. This movement followed President Donald Trump's announcement of a 25% tariff on “all cars that are not made in the United States,” marking the latest tariff development to unsettle the market. Investors — increasingly concerned by signs of weakening consumer sentiment and the heightened risk of an economic slowdown — are looking to April 2 for much-needed clarity.
Given these conditions, I anticipate that the decline will continue until the full prevouse gap is filled, reaching the 41,660 level, which acts as the rotational axis, and this level will push the price to make a short correction. A break below this level may lead us to the rejection barrier.
A reversal of the bullish trend above the 42,429 level would reactivate the upward momentum, signalling a potential continuation of the bullish trend.
Bullish target: 42.444,43.017, 43.338.
Bearish target:41.660, 40.693, 39.791
Given these conditions, I anticipate that the decline will continue until the full prevouse gap is filled, reaching the 41,660 level, which acts as the rotational axis, and this level will push the price to make a short correction. A break below this level may lead us to the rejection barrier.
A reversal of the bullish trend above the 42,429 level would reactivate the upward momentum, signalling a potential continuation of the bullish trend.
Bullish target: 42.444,43.017, 43.338.
Bearish target:41.660, 40.693, 39.791
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The market is waiting—you can make money, and you should.
The market is waiting—you can make money, and you should.
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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.
Profit isn’t about luck, it’s about strategy. Get free signals and trade smarter: Telegram Channel [t.me/ArinaMarketAnalysis].
The market is waiting—you can make money, and you should.
The market is waiting—you can make money, and you should.
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.