US30 Near Resistance Zone: Bullish Breakout or Pullback Ahead?

17 Okt

• The price has recently reached its all-time high (ATH) and is currently testing the resistance zone near 43,250.
  
• If the price breaks above this resistance zone, it could potentially continue towards higher levels, with the next resistance around 43,750.
  
• However, if the price fails to break this resistance, a pullback is likely, with support at 43,025 and 42,818.
  
  Best Direction:
  The best direction will depend on how the price behaves around the resistance zone:
  
  
• Bullish: If it breaks and closes above 43,250, this suggests a continued upward trend.
  
• Bearish: If it fails to break above this resistance and reverses, look for a pullback towards the support levels at 43,025 and 42,818.
  
  Key Levels:
  Pivot Point: 43250
  Resistance Levels: 43450, 43650, 43870
  Support Levels: 43025, 42820, 42450
  
  Trend Outlook:
  Bearish By stability below 43025
  Bullish by stability above 43250

18 Okt

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US30 Technical Analysis / UPDATE

The price has successfully broken through the resistance line and stabilized above it, suggesting that US30 is on track to reach 43,640 from 43,215. However, if a 4-hour candle closes below 43,210, this would support a bearish trend, potentially driving the price down to 43,025 and 42,820.

Key Levels:
Pivot Point: 43215
Resistance Levels: 43450, 43650, 43870
Support Levels: 43025, 42820, 42450

Trend Outlook:
Bearish By stability below 43215
Bullish by stability above 43215