US30 Approaches Key Resistance: Buyers are losing momentum
In this US30 chart, price action is currently testing a key resistance zone. After a period of consolidation and a rally, the price is struggling to break above this zone.
The projection indicates a potential bearish reversal if the resistance holds, with price possibly retracing toward the support level around 41,920.
Buyers are losing momentum, and sellers may start stepping in at this resistance. A failure to break above could trigger a move back down, with a significant drop expected to the highlighted support level. Traders should watch for any bearish confirmation before taking short positions. If the price breaks through resistance, however, it could invalidate the bearish scenario and lead to further bullish continuation.
The projection indicates a potential bearish reversal if the resistance holds, with price possibly retracing toward the support level around 41,920.
Buyers are losing momentum, and sellers may start stepping in at this resistance. A failure to break above could trigger a move back down, with a significant drop expected to the highlighted support level. Traders should watch for any bearish confirmation before taking short positions. If the price breaks through resistance, however, it could invalidate the bearish scenario and lead to further bullish continuation.
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。