US30 / Dropped And Still Has A Bearish Area
Technical Analysis
The price executed a precise retest before declining by approximately 330 points, maintaining a bearish momentum as long as it trades below the critical levels of 43210 and 43350.
The price is expected to remain within the bearish zone, with potential corrective movements up to 43350. However, sustained trading below 43210 and 43350 is likely to extend the downward trajectory towards the targets of 42770 and 42590.
The bullish zone will be confirmed only upon a 4-hour candle close above 43350, which would signal a potential shift in trend.
Key Levels:
Pivot Point: 43220 - 43350
Resistance Levels: 43490, 43750, 43900
Support Levels: 43050, 42970, 42770
Trend Outlook:
Bearish while Under 43350
Bullish Above 43350
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