US30 | Holding Support โ Ready for the Next Leg Up?๐ US30 (Dow Jones) โ Technical Analysis (4H Chart)
๐น Market Outlook:
Price is trading within an ascending channel, indicating a bullish bias while above key support levels.
The pivot zone at 44,404 is acting as a critical level to maintain bullish momentum.
A break above 44,756 - 44,926 will confirm further upside potential.
๐ฅ Bullish Scenario:
โ
As long as price holds above 44,404 - 44,570 โ Bullish trend remains intact!
๐ Targets:
๐ 44,756 (first resistance)
๐ 44,926 (next key resistance)
๐ 45,099 - 45,323 (major resistance zone & ATH area)
โ ๏ธ Bearish Scenario:
โ A 4H close below 44,404 could trigger a deeper correction.
๐ Support Targets:
๐ 44,260 (first support zone)
๐ 43,910 (strong demand area)
๐ Below 43,763 = deeper pullback likely
๐ Key Levels:
๐ Pivot Zone: 44,404 - 44,570
๐ Resistance: 44,756 | 44,926 | 45,099 - 45,323
๐ Support: 44,404 | 44,260 | 43,910
๐ Conclusion:
โ
Bullish momentum holds above 44,404, targeting 44,756+.
๐ Break above 44,926 will open the door for a test of 45,099 - 45,323.
โ ๏ธ Drop below 44,404 = possible correction to 44,260 - 43,910.
๐ฌ Do you think we push to new highs or see a pullback first? Drop your thoughts! ๐๐ฅ