US30 Poised for Consolidation with Bearish Bias Below Key Level
The price reached our targets perfectly, The US30 is expected to consolidate between 41,345 and 41,030 until a breakout occurs.
Stability above 41,365 will support a rise towards 41,760.
Stability below 41,365 will favor a decline towards 41,030, with a move below this level indicating a bearish trend to 40800 and 40480
Key Levels:
Pivot Line: 41345
Resistance Levels: 41450, 41720
Support Levels: 41180, 41030, 40800
Expected Trading Range Today: The price is likely to fluctuate between support at 40800 and resistance at 41365.
Trend: Bearish as long as the price remains below 41365.
previous idea:
Stability above 41,365 will support a rise towards 41,760.
Stability below 41,365 will favor a decline towards 41,030, with a move below this level indicating a bearish trend to 40800 and 40480
Key Levels:
Pivot Line: 41345
Resistance Levels: 41450, 41720
Support Levels: 41180, 41030, 40800
Expected Trading Range Today: The price is likely to fluctuate between support at 40800 and resistance at 41365.
Trend: Bearish as long as the price remains below 41365.
previous idea:
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