US Wall St 30Long
US30/USD Analysis
Updated
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Date/13/Jan/2025
Current Price 41,860
In My Analysis Of US30/USD (Dow Jones Industrial Average) Exhibits a Clear Downtrend Within a Descending channel, I highlight It As dynamic Resistance (upper trendline) And Dynamic Support (Lower Trendline). The price is Currently Testing the Channel Support Near The 41,462 Level, Showing Potential for Either a Bounce or Further Breakdown.
A consolidation channel Where the Price was Range-bound After Previous Declines. A Breakdown From this Consolidation Suggests Bearish momentum.
If the price respects the Support, a Reversal Toward the Dynamic Resistance near 43,940 or the Broader Resistance Zone near 44,973 may Occur. Conversely, a break Below the channel Support could Lead to Further bearish Movement Toward lower Support levels.
We should Monitor price Action at Critical levels And use confirmation for Potential Entries.
Note: This Idea Only For Educational Purposes and not A Trading Advice Thanks For Your Support
Date/13/Jan/2025
Current Price 41,860
In My Analysis Of US30/USD (Dow Jones Industrial Average) Exhibits a Clear Downtrend Within a Descending channel, I highlight It As dynamic Resistance (upper trendline) And Dynamic Support (Lower Trendline). The price is Currently Testing the Channel Support Near The 41,462 Level, Showing Potential for Either a Bounce or Further Breakdown.
A consolidation channel Where the Price was Range-bound After Previous Declines. A Breakdown From this Consolidation Suggests Bearish momentum.
If the price respects the Support, a Reversal Toward the Dynamic Resistance near 43,940 or the Broader Resistance Zone near 44,973 may Occur. Conversely, a break Below the channel Support could Lead to Further bearish Movement Toward lower Support levels.
We should Monitor price Action at Critical levels And use confirmation for Potential Entries.
Note: This Idea Only For Educational Purposes and not A Trading Advice Thanks For Your Support
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