Bearish Trend Targets 42,450 Unless 42,910 Breaks

23 Okt

US30 Technical Analysis
The price has dropped by approximately 500 points, reaching the support zone as anticipated in yesterday's analysis.

It has now stabilized below the pivot zone, indicating that the bearish trend is likely to continue, targeting 42,580 and 42,450.

As long as the price remains below 42,770, it is expected to decline further toward 42,450. Conversely, a break above 42,910 would signal a shift to a bullish trend, with the next target at 43,215.


Key Levels:
Pivot Point: 42770
Resistance Levels: 42910, 43050, 43215
Support Levels: 42590, 42450, 42300

Trend Outlook:
- Bearish By stability below 42770
- Bullish by stability above 42910

previous idea:

24 Okt

Dagangan ditutup: sasaran tercapai

US30
Live Update

The price dropped perfectly as we mentioned yesterday.

Based on the 4-hour US30 chart you provided, here’s a short analysis:

The price is currently hovering around the pivot line, indicating an important decision area.
A potential double bottom pattern is forming, signaling possible bullish momentum if the price holds above the pivot zone and breaks 42,769, which could lead to a move toward the 43,200 resistance zone.
Failure to hold above the pivot line could trigger a bearish continuation, targeting support levels at 42,200, with further downside toward 41,800 and 41,560.
Watch for a break above the 42,769 level to confirm bullish strength, or a failure to hold the pivot for bearish continuation.

24 Okt

Nota

💠Key Levels:
Pivot Point: 42450
Resistance Levels: 42750, 42910, 43050
Support Levels: 42200, 41990, 41750

💠Trend Outlook:
- Bearish By stability below 42450
- Bullish by stability above 42450