📉 US30 Bearish Rejection at Resistance – Potential Drop Ahead 🚨
The US30 (Dow Jones Industrial Average) is exhibiting signs of bearish weakness after rejecting a strong resistance zone around 42,898.9 - 43,800.8. Here's a breakdown of the current market structure and outlook:
🔍 Technical Analysis
📌 Resistance Zone (Sell Pressure)
Price has failed to break above the marked resistance area multiple times.
Strong wicks and rejections indicate seller dominance near the top.
A short-term bounce into the resistance is anticipated before a likely reversal.
📌 Support Zone (Buy Interest)
The key support is at 39,396.2 - 39,585.5.
This zone has previously served as a strong demand area, with multiple bullish reversals in the past.
📌 Bearish Projection Path
Chart shows a potential rejection pattern playing out.
Price is expected to retest the resistance, then decline towards the support zone.
Intermediate support levels:
41,225.0
40,630.2
🔄 Outlook
🛑 Scenario A (Likely):
Price tests the upper resistance again and forms a double top or shooting star before declining toward the 39.5k support zone.
✅ Scenario B (Invalidation):
If price closes above 43,800 with strong volume, bearish bias will be invalidated, and a bullish continuation can be expected.
🧭 Trade Idea (Not Financial Advice)
🔹 Entry: Short near 42,800–43,000 (after confirmation)
🔹 Target 1: 41,225
🔹 Target 2: 40,630
🔹 Final Target: 39,585
🔹 Stop Loss: Above 43,800
Conclusion:
⚠️ The chart indicates a high-probability short setup unless bulls manage a strong breakout above resistance. Eyes on the price action near resistance for confirmation. 📉📊
The US30 (Dow Jones Industrial Average) is exhibiting signs of bearish weakness after rejecting a strong resistance zone around 42,898.9 - 43,800.8. Here's a breakdown of the current market structure and outlook:
🔍 Technical Analysis
📌 Resistance Zone (Sell Pressure)
Price has failed to break above the marked resistance area multiple times.
Strong wicks and rejections indicate seller dominance near the top.
A short-term bounce into the resistance is anticipated before a likely reversal.
📌 Support Zone (Buy Interest)
The key support is at 39,396.2 - 39,585.5.
This zone has previously served as a strong demand area, with multiple bullish reversals in the past.
📌 Bearish Projection Path
Chart shows a potential rejection pattern playing out.
Price is expected to retest the resistance, then decline towards the support zone.
Intermediate support levels:
41,225.0
40,630.2
🔄 Outlook
🛑 Scenario A (Likely):
Price tests the upper resistance again and forms a double top or shooting star before declining toward the 39.5k support zone.
✅ Scenario B (Invalidation):
If price closes above 43,800 with strong volume, bearish bias will be invalidated, and a bullish continuation can be expected.
🧭 Trade Idea (Not Financial Advice)
🔹 Entry: Short near 42,800–43,000 (after confirmation)
🔹 Target 1: 41,225
🔹 Target 2: 40,630
🔹 Final Target: 39,585
🔹 Stop Loss: Above 43,800
Conclusion:
⚠️ The chart indicates a high-probability short setup unless bulls manage a strong breakout above resistance. Eyes on the price action near resistance for confirmation. 📉📊
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JOIN MY TELEGRAM CHANNEL
t.me/StellarMarketAnalysis
JOIN MY RECOMMENTED BROKER REFFREL LINK
⤵️one.exnesstrack.net/a/uvd1etcgg1
PARTNER CODE⤵️
uvd1etcgg1
t.me/StellarMarketAnalysis
JOIN MY RECOMMENTED BROKER REFFREL LINK
⤵️one.exnesstrack.net/a/uvd1etcgg1
PARTNER CODE⤵️
uvd1etcgg1
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.