US30: Bearish Momentum Below 41,970 with Key Levels to Watch
US30 Technical Analysis
The price has stabilized in bearish momentum after closing below 41,970.
As long as the price trades below 41,970, it is expected to drop to 41,740, with a further decline toward 41,560 if this level is broken.
Conversely, a 1-hour candle close above 41,970 could push the price to 42,130. To confirm a bullish trend, the price must stabilize above this level.
Key Levels:
Pivot Point: 41970
Resistance Levels: 42130, 42400, 42590
Support Levels: 41740, 41560, 41350
Trend Outlook:
Bearish Momentum: While below 41,970
Bullish Potential: Above 41,970 (with stabilization above 42,130)
Previous idea:
The price has stabilized in bearish momentum after closing below 41,970.
As long as the price trades below 41,970, it is expected to drop to 41,740, with a further decline toward 41,560 if this level is broken.
Conversely, a 1-hour candle close above 41,970 could push the price to 42,130. To confirm a bullish trend, the price must stabilize above this level.
Key Levels:
Pivot Point: 41970
Resistance Levels: 42130, 42400, 42590
Support Levels: 41740, 41560, 41350
Trend Outlook:
Bearish Momentum: While below 41,970
Bullish Potential: Above 41,970 (with stabilization above 42,130)
Previous idea:
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