US30 / Key Levels for Bearish Continuation or Bullish Breakout
US30 Technical Analysis
The price has declined from the previously identified resistance line and is now approaching 42,125. A break below this level is necessary to continue the current trend.
Bearish Scenario: The price must break below 41,960 and stabilize beneath this level to extend the bearish move towards 41,560.
Bullish Scenario: US30 is likely to consolidate between 42,125 and 42,450. A breakout above 42,450 and subsequently 42,590 would strengthen the bullish outlook, targeting 42,770 and 42,910.
Key Levels:
Pivot Point: 42125
Resistance Levels: 42430, 42590, 42770
Support Levels: 41960, 41750, 41560
Trend Outlook:
- Bearish by stability below 42125
- Bullish by stability above 42450
PREVIOUS IDEA:
The price has declined from the previously identified resistance line and is now approaching 42,125. A break below this level is necessary to continue the current trend.
Bearish Scenario: The price must break below 41,960 and stabilize beneath this level to extend the bearish move towards 41,560.
Bullish Scenario: US30 is likely to consolidate between 42,125 and 42,450. A breakout above 42,450 and subsequently 42,590 would strengthen the bullish outlook, targeting 42,770 and 42,910.
Key Levels:
Pivot Point: 42125
Resistance Levels: 42430, 42590, 42770
Support Levels: 41960, 41750, 41560
Trend Outlook:
- Bearish by stability below 42125
- Bullish by stability above 42450
PREVIOUS IDEA:
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