US30 is currently trading in a well-defined downward channel, making lower highs and lower lows. The next critical support sits near the 31,880 “Major Low,” where any decisive break could lead to further downside. On the upside, watch for a potential bullish bounce targeting the fair value gap and Fib confluence around 32,400–32,500. A breakout above the channel top may signal a trend shift, while a rejection there would likely keep the bearish momentum intact. Always monitor price action and manage risk around these key levels.
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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.