US30| BEARISH PRESSURE HOLDS AS MARKET AWAITS BREAKOUT DECISION
Hi
US30 TECHNICAL ANALYSIS
The market is currently consolidating within a tight range, as seen in the red-circled area, reflecting indecision between buyers and sellers. This phase typically precedes a breakout, and given the prevailing descending channel, the likelihood of a bearish move remains strong. The inability to push beyond the resistance zone reinforces the expectation of further downside movement.
A break below 43,360 would signal the start of the next leg down, opening the path toward 42,730. If selling pressure persists, the price is expected to continue its decline, targeting 42,292. A more significant drop could bring the market to the lower boundary of the support zone around 41,755. The overall structure suggests that as long as the price remains contained within the descending channel, bearish momentum will dominate.
For a bullish shift, the price must break above the descending channel and hold above the resistance zone. A confirmed breakout beyond 44,090 and sustained movement above 44,470 would indicate a trend reversal.
US30 TECHNICAL ANALYSIS
The market is currently consolidating within a tight range, as seen in the red-circled area, reflecting indecision between buyers and sellers. This phase typically precedes a breakout, and given the prevailing descending channel, the likelihood of a bearish move remains strong. The inability to push beyond the resistance zone reinforces the expectation of further downside movement.
A break below 43,360 would signal the start of the next leg down, opening the path toward 42,730. If selling pressure persists, the price is expected to continue its decline, targeting 42,292. A more significant drop could bring the market to the lower boundary of the support zone around 41,755. The overall structure suggests that as long as the price remains contained within the descending channel, bearish momentum will dominate.
For a bullish shift, the price must break above the descending channel and hold above the resistance zone. A confirmed breakout beyond 44,090 and sustained movement above 44,470 would indicate a trend reversal.
Trade closed: target reached
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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.
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.
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.