US30 Consolidation bearish range action within a clearly defined ascending channel. The price has recently approached the upper boundary of this channel, where it appears to be facing resistance.
A projected path is drawn suggesting a potential short-term rejection from the upper channel line, with price possibly pulling back toward support zones the trendline reinforcing the resistance zone near 48,000–48,250, where buyers may be weakening. If a rejection occurs at this level, the drawn arrows indicate a potential multi-step decline toward the identified support areas.
Overall, the chart suggests the index is in a broader uptrend, but currently positioned at a high-risk resistance zone where a corrective move downward is possible if the price reacts then we could see support side target will be 47,200 / 46512,
You may find more details in the chart.
Trade wisely best of luck buddies.
Ps; Support with like and comments for better analysis thanks for supporting.
A projected path is drawn suggesting a potential short-term rejection from the upper channel line, with price possibly pulling back toward support zones the trendline reinforcing the resistance zone near 48,000–48,250, where buyers may be weakening. If a rejection occurs at this level, the drawn arrows indicate a potential multi-step decline toward the identified support areas.
Overall, the chart suggests the index is in a broader uptrend, but currently positioned at a high-risk resistance zone where a corrective move downward is possible if the price reacts then we could see support side target will be 47,200 / 46512,
You may find more details in the chart.
Trade wisely best of luck buddies.
Ps; Support with like and comments for better analysis thanks for supporting.
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Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Join My telegram Channel
t.me/AnalysisGold2
Free Forex Signals
t.me/Jamessignals11
t.me/AnalysisGold2
Free Forex Signals
t.me/Jamessignals11
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.