US30 Potential Rebound from Key Support Zone

US30 Potential Rebound from Key Support Zone 🚀📊

📉 Analysis Overview:

The US30 (Dow Jones Index) is currently testing a major support zone near the 41,800–41,900 range, a level that has held firm multiple times in the past (highlighted with green arrows and orange circles). This area has acted as a demand zone, leading to strong bullish reactions previously.

🔍 Key Technical Highlights:

🔸 Support Zone: Clearly respected at ~41,800. Price is once again bouncing here.

🔸 Resistance Zone: Around 43,250–43,500. This area has acted as a ceiling, where price struggled to break through.

🟢 Reversal Indicators: Multiple successful defenses of the support zone suggest accumulation and possible bullish reversal.

📈 Target Projection: If support holds, the price may rally toward the target zone near 43,496.4, as shown by the purple arrow.

📌 Conclusion:
As long as the 41,800 support holds, US30 shows bullish potential toward the 43,500 resistance. A break below this zone would invalidate the bullish scenario and shift focus back to the lower support near 41,250.

🛑 Risk Management Tip: Watch for confirmation candles and volume before entering long positions. Always set a stop-loss below the support zone.