US30 Drops After Breakout
US30 is in a bearish trend and has started a downside move, after a bullish retrace.
Currently, price has approached to the yellow support level, but I personally expect a downside breakout on it because we are facing a strong bearish pressure.
If the yellow level broken out to the downside and price closed a bearish confirmation candle below 35600, we can expect more drop at least to (35380 - 35240) which is a demand zone.
Currently, price has approached to the yellow support level, but I personally expect a downside breakout on it because we are facing a strong bearish pressure.
If the yellow level broken out to the downside and price closed a bearish confirmation candle below 35600, we can expect more drop at least to (35380 - 35240) which is a demand zone.
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.