The #US30 index recently failed to reach the anticipated range with news driving the price lower instead. It has broken through a minor support level indicating a potential decline towards the 41,600 area. Traders should closely monitor price action on lower time frames for confirmation of this trend especially since the index is currently at all time highs without any significant key levels to support it. This situation suggests that further downside movement could be expected if selling pressure continues.
The #US30 index recently failed to reach a new all-time high and broke below its trendline, leading to a sharp decline. Price has now returned to a consolidation range, which should act as a support zone. From this level, a potential reversal could occur with expectations for the index to retest previous highs if buying pressure strengthens.
#US30 shifted it structure from bullish to bearish. Price now trying to reach out the next major support area around 40,000 and a potential bounce is expected.
US 30 followed the anticipated trajectory, with price pulling back and reaching fresh All-Time Highs. Since there are no previous levels to reference on the left, the focus shifts to observing the trendline. A retracement towards the trendline is expected, potentially leading to further ATH exploration.
#US30 perfectly faked out and moved slightly to the upside, you can expected tiny pullback and target the resistance area around 40,000 (Grey Box). #Write2Earn! #MarketDownturn