๐จ US30 Trade Outlook โ 17/03/2025 ๐จ
๐ Market Structure & Key Levels
US30 remains in a downtrend, but price is currently consolidating near the EMAs. The market is at a decision point, with a potential breakout or rejection looming.
๐ Key Observations:
โ Bearish Trend โ Price still below major EMAs.
โ Key Resistance โ 41,255 - 41,400 is a crucial supply zone.
โ Support Holding? โ 41,000 is acting as a short-term floor.
๐ฏ Trade Plan:
๐ป Short if rejection at 41,255, targeting 40,800 - 40,600.
๐น Long if breakout & retest above 41,400, targeting 41,600 - 41,800.
โก๏ธ Patience is key. Wait for confirmations! ๐ฅ
๐ Market Structure & Key Levels
US30 remains in a downtrend, but price is currently consolidating near the EMAs. The market is at a decision point, with a potential breakout or rejection looming.
๐ Key Observations:
โ Bearish Trend โ Price still below major EMAs.
โ Key Resistance โ 41,255 - 41,400 is a crucial supply zone.
โ Support Holding? โ 41,000 is acting as a short-term floor.
๐ฏ Trade Plan:
๐ป Short if rejection at 41,255, targeting 40,800 - 40,600.
๐น Long if breakout & retest above 41,400, targeting 41,600 - 41,800.
โก๏ธ Patience is key. Wait for confirmations! ๐ฅ
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.
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.