US30 - Stabilized in Bearish Zone with Key Levels and Scenarios
Technical Analysis: US30
Current Outlook: The US30 has stabilized in a bearish zone, confirmed by the 4-hour candle closing below the support line at 40,650.
Bullish Scenario: To initiate an uptrend, the price must break above 40,650, potentially reaching 40,800 and further towards 41,050.
Bearish Scenario: As long as the price remains below 40,650, it indicates a continued downtrend towards 40,420, especially following the recent correction.
Key Levels:
- Pivot Line: 40,650
- Resistance Levels: 40,820, 41,050, 41,300
- Support Levels: 40,420, 40,060, 39,800
Today's Expected Trading Range: The price is anticipated to fluctuate between the support level at 40,060 and the resistance level at 41,050.
Current Outlook: The US30 has stabilized in a bearish zone, confirmed by the 4-hour candle closing below the support line at 40,650.
Bullish Scenario: To initiate an uptrend, the price must break above 40,650, potentially reaching 40,800 and further towards 41,050.
Bearish Scenario: As long as the price remains below 40,650, it indicates a continued downtrend towards 40,420, especially following the recent correction.
Key Levels:
- Pivot Line: 40,650
- Resistance Levels: 40,820, 41,050, 41,300
- Support Levels: 40,420, 40,060, 39,800
Today's Expected Trading Range: The price is anticipated to fluctuate between the support level at 40,060 and the resistance level at 41,050.
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