Bearish Trend Targets 42,450 Unless 42,910 BreaksUS30 Technical Analysis
The price has dropped by approximately 500 points, reaching the support zone as anticipated in yesterday's analysis.
It has now stabilized below the pivot zone, indicating that the bearish trend is likely to continue, targeting 42,580 and 42,450.
As long as the price remains below 42,770, it is expected to decline further toward 42,450. Conversely, a break above 42,910 would signal a shift to a bullish trend, with the next target at 43,215.
Key Levels:
Pivot Point: 42770
Resistance Levels: 42910, 43050, 43215
Support Levels: 42590, 42450, 42300
Trend Outlook:
- Bearish By stability below 42770
- Bullish by stability above 42910
previous idea: