US30 Technical Analysis – 8th June 2025

c US30 Technical Analysis – 8th June 2025

🔍 Chart Overview:
The chart shows a classic range-bound structure with clearly defined support and resistance zones.

📍 Key Zones:

🔼 Resistance Zone: ~$42,900 – $43,000

Marked by multiple rejections (🔴 red arrows).

Price has failed to close above this area convincingly.

Sellers are actively defending this level.

⚠️ Bearish pressure likely to increase if price stays below this level.

🔽 Support Zone: ~$41,750 – $41,850

Marked by strong bullish reactions (🟢 green arrows).

Buyers have stepped in consistently in this demand zone.

A breakdown below this level could trigger further downside momentum.

📈 Current Price Action:

The price is hovering around $42,781.3, just below the resistance zone.

The latest candlestick shows rejection from the top, forming a bearish wick, indicating potential reversal pressure.

The large downward arrow (⬇️) on the chart suggests a bearish bias is expected by the analyst.

📉 Outlook & Strategy:

🔻 Bearish Scenario (High Probability):

If price fails to break and sustain above $43,000, expect a move back down towards the support zone at ~$41,800.

A breakdown below support could lead to deeper downside, targeting $41,500 or lower.

🛑 Invalidation:

A clean breakout and daily close above $43,000 would invalidate the bearish setup and suggest potential continuation higher.

🎯 Trading Tips:

🔹 Short Bias: Look for short entries near resistance with tight stops above $43,000.
🔹 Target: $42,200 → $41,800
🔹 Risk Management: Always maintain a good risk-to-reward ratio and use proper stop-loss.

📌 Conclusion:
⚠️ The chart favors a bearish reversal from resistance unless bulls can push decisively above $43,000. Traders should watch for rejection patterns or breakdown confirmations to align with the bearish move