US30 Technical Analysis – GTE VIP Sell Alert
Price has tapped into a strong resistance zone near 41,700, where previous rejections occurred. After a sharp bullish push, momentum appears to be slowing, and the market is overextended on the 1H chart. We expect a potential retracement toward the mid-range or support zone near 41,600–41,550. Stochastic is in the overbought area, signaling a possible reversal.
Price has tapped into a strong resistance zone near 41,700, where previous rejections occurred. After a sharp bullish push, momentum appears to be slowing, and the market is overextended on the 1H chart. We expect a potential retracement toward the mid-range or support zone near 41,600–41,550. Stochastic is in the overbought area, signaling a possible reversal.
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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.