US30USD - ANALYSIS

👀 Observation:
Hello, everyone! I hope you're all doing well. Let me share my personal view on Dow Jones (U.S. Jersey) with you.

🔍 The Setup:
We are currently observing a psychological level at $45,000 on the Dow Jones chart. This level has been tested multiple times in the past, leading to rejections and price declines. However, this time, the price has closed very close to this level, hinting at a potential breakout.

📉 Expectation:
Bullish Scenario:
If the price closes above $45,000 in the daily timeframe, I expect an upward movement toward the next psychological level at $50,000.

Bearish Scenario:
If the price gets rejected at $45,000, I anticipate further price declines, targeting the $40,000 psychological level.

💡 Key Levels to Watch:
Resistance: $45,000, $50,000
Support: $40,000

💬 What’s your take on Dow Jones this week? Share your thoughts in the comments below!

Trade safe