US30 Reversal Brewing? Key Demand Zone Holding Strong!The Dow is reacting sharply from a key demand zone around 41,881 – 41,905, hinting at a potential short-term reversal.
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Technical Breakdown:
Demand Zone Held: Price bounced multiple times off the orange zone, signaling strong buyer interest.
Bullish Candles Forming: Current price action shows momentum shifting in favor of bulls.
Upcoming Target Zones:
42,145 – Minor resistance / possible take-profit for scalpers
42,398 – Major supply zone where sellers could re-enter
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Potential Scenarios:
1. Bullish Play:
Buy above 41,905 after a solid bullish candle close
First TP: 42,145
Second TP: 42,398
SL: Below 41,860
2. Bearish Rejection (Invalidation):
If the price fails to hold 41,880 support, expect a deeper push toward 41,700 and below
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Why It Matters:
We’re heading into a major U.S. data release (see calendar icon on chart). Volatility is expected, so watch this zone closely for a breakout or rejection!
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What’s Your Bias?
Scalping the bounce or waiting for confirmation? Drop your trade setups in the comments below!
#US30 #DowJones #Indices #Forex #PriceAction #TechnicalAnalysis #TradingView
