US30 Hits Key Supply Zone: Bullish or Bearish Break Ahead?US30 Technical Analysis
The price has reached a key supply zone, a strong resistance area between 44750 and 44925. Breaking above this zone will turn the Dow Jones into a bullish area, potentially setting a new high around 45500.
Currently, the market is reacting within this zone. The next 4-hour candle needs to stabilize below 44750 to confirm a bearish move.
Alternatively, closing a 4-hour or 1-hour candle above 44760 will support a bullish move toward 44930. Breaking above 44925 will further confirm the bullish trend, targeting 45100.
Key Levels
Pivot Point: 44760
Resistance Levels: 44920, 45100, 45500
Support Levels: 44610, 44410, 44240
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