US30 Near Resistance Zone: Bullish Breakout or Pullback Ahead?
The price has recently reached its all-time high (ATH) and is currently testing the resistance zone near 43,250.
If the price breaks above this resistance zone, it could potentially continue towards higher levels, with the next resistance around 43,750.
However, if the price fails to break this resistance, a pullback is likely, with support at 43,025 and 42,818.
Best Direction:
The best direction will depend on how the price behaves around the resistance zone:
Bullish: If it breaks and closes above 43,250, this suggests a continued upward trend.
Bearish: If it fails to break above this resistance and reverses, look for a pullback towards the support levels at 43,025 and 42,818.
Key Levels:
Pivot Point: 43250
Resistance Levels: 43450, 43650, 43870
Support Levels: 43025, 42820, 42450
Trend Outlook:
Bearish By stability below 43025
Bullish by stability above 43250