US30 / IT LOOKS A BULLISH SAFE AREA
Updated
US30
Technical Analysis: As previously noted, the price touched 42,030 and stabilized above it as expected. Today is likely to be a critical session, as a strong correction could potentially drive the price down to 41,770 or 41,565 by the condition closing 4h candle below that.
However, stability above 42,030 would support a gradual bullish move towards 42250 and 42700.
Key Levels:
Pivot Point: 42030
Resistance Levels: 42,300, 42,450, 42,700
Support Levels: 41,770, 41,565, 41,340
Trend Outlook:
Consolidation: 42000 - 42350
Bullish: Above 42,040
Bearish: Below 42,030
Previous idea:
Technical Analysis: As previously noted, the price touched 42,030 and stabilized above it as expected. Today is likely to be a critical session, as a strong correction could potentially drive the price down to 41,770 or 41,565 by the condition closing 4h candle below that.
However, stability above 42,030 would support a gradual bullish move towards 42250 and 42700.
Key Levels:
Pivot Point: 42030
Resistance Levels: 42,300, 42,450, 42,700
Support Levels: 41,770, 41,565, 41,340
Trend Outlook:
Consolidation: 42000 - 42350
Bullish: Above 42,040
Bearish: Below 42,030
Previous idea:
Trade active
US30
Update
The price is expected to consolidate between 42,070 and 42,210 until a breakout occurs. A sustained move below 42,070 would likely drive the price down to 41,770. Conversely, stability above 42,210 would indicate a shift towards a bullish trend.
Key Levels:
Pivot Point: 42070
Resistance Levels: 42210, 42450, 42700
Support Levels: 41770, 41565, 41340
Trend Outlook:
Consolidation: 42070 - 42210
Bullish: Above 42210
Bearish: Below 42070
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