The US30 index declined early Wednesday as investors awaited the Federal Reserve’s interest rate decision.
Currently, the price is trading below the rotating axis, which serves as a stabilizer supporting a potential price decline. A correction is expected, possibly reaching the black barrier trendline. However, caution is advised, as sudden market movements may occur, given that the Federal Reserve is expected to keep interest rates unchanged at 4.25%–4.50%, while market participants closely monitor signals regarding potential future rate cuts.
From a technical perspective, trading below the rotating axis supports a further decline toward 40,695, particularly if the price successfully breaks through the black trend barrier. However, I thought the current movement appeared to be a correction, after which we anticipate a reversal to above 41,640. From this level, the price is expected to rise further, reaching the range zone between 42,320 and 43,015.
Bullish target: 41640, 42320, 43015
Bearish target: 40695, 39790, 39045
Currently, the price is trading below the rotating axis, which serves as a stabilizer supporting a potential price decline. A correction is expected, possibly reaching the black barrier trendline. However, caution is advised, as sudden market movements may occur, given that the Federal Reserve is expected to keep interest rates unchanged at 4.25%–4.50%, while market participants closely monitor signals regarding potential future rate cuts.
From a technical perspective, trading below the rotating axis supports a further decline toward 40,695, particularly if the price successfully breaks through the black trend barrier. However, I thought the current movement appeared to be a correction, after which we anticipate a reversal to above 41,640. From this level, the price is expected to rise further, reaching the range zone between 42,320 and 43,015.
Bullish target: 41640, 42320, 43015
Bearish target: 40695, 39790, 39045
- Traders, if you find this analysis helpful or have your own insights, drop a comment below! I’d love to hear your thoughts.
Trade active
still has a bullish trend toward our target at 42320Trade closed: target reached
FULL TARGET
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.
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.