US30 (Dow Jones) – Major Demand Zone Hit! Will We See a Reversal
The US30 has just tapped into a high-interest demand zone around the 41,767.01 level, showing signs of bullish reaction after a strong selloff from the 42,800 supply area.
Here’s what I’m watching:
1. Demand Zone Bounce:
Price is holding above the demand zone (orange box), with increasing volume on the bounce – suggesting potential accumulation by smart money.
2. Immediate Resistance Levels:
We have two major upside targets:
42,288.87 – Minor resistance (possible retest zone)
42,810.50 – Key supply zone (major selloff origin)
3. Breakout Potential:
A break and close above 42,288.87 with strong volume could signal continuation toward the upper range.
4. Bullish Confluence:
Price is holding a bullish 15-min structure
Previous support flipped to resistance now acting as potential magnet
Double bottom structure visible within the demand range
Trading Idea:
If the demand zone holds and price breaks 42,012 resistance, I’ll look for longs targeting 42,800+, with stops below the recent low.
What do you think? Will US30 rocket from here or crash through the floor?
Like if you're watching this zone.
Comment your target for this week – bull or bear?
Here’s what I’m watching:
1. Demand Zone Bounce:
Price is holding above the demand zone (orange box), with increasing volume on the bounce – suggesting potential accumulation by smart money.
2. Immediate Resistance Levels:
We have two major upside targets:
42,288.87 – Minor resistance (possible retest zone)
42,810.50 – Key supply zone (major selloff origin)
3. Breakout Potential:
A break and close above 42,288.87 with strong volume could signal continuation toward the upper range.
4. Bullish Confluence:
Price is holding a bullish 15-min structure
Previous support flipped to resistance now acting as potential magnet
Double bottom structure visible within the demand range
Trading Idea:
If the demand zone holds and price breaks 42,012 resistance, I’ll look for longs targeting 42,800+, with stops below the recent low.
What do you think? Will US30 rocket from here or crash through the floor?
Like if you're watching this zone.
Comment your target for this week – bull or bear?
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✅ICMARKETS frankfxx.com/icmarkets
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✅ AUTOMATED BOT: bot.frankfxx.com/
✅ICMARKETS frankfxx.com/icmarkets
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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.