US30 Approaching Key Resistance–Potential Reversal Setup in Play

14 เม.ย.

🧠 Chart Overview
Asset: US30 (likely the Dow Jones Industrial Average)

Timeframe: Appears to be 1H or 2H

Indicators:

EMA 50 (Red): 40,119.5

EMA 200 (Blue): 39,897.3

Price at time of chart: Around 40,503

🔍 Key Technical Levels
🔴 Resistance Zone

Range: ~40,750 to 40,850

Price has tested this level multiple times and is currently hovering near it.

The resistance is holding, and no strong breakout has occurred.

🟦 Support / Focus Zone

Range: ~39,200 to 39,600

Marked as the “FOCUS POINT” – likely the expected target on a breakdown.

EMAs Insight:

Price is above both the 50 EMA and 200 EMA, suggesting short-term bullishness.

However, since it’s stalling at resistance, it could flip bearish on rejection.

🧭 Price Action Narrative
The chart suggests a potential fakeout above resistance, followed by a sharp rejection.

The path drawn shows a short-term dip, targeting the FOCUS POINT (support zone).

Rejection at resistance aligns with typical distribution behavior.

📌 Trade Idea (Bearish Bias)
Entry Idea: Short near or just above the resistance level (~40,800)

Target: 39,400 zone

Stop-Loss: Above the resistance level (~40,900+)

Risk/Reward: Favorable if price fails to break above resistance convincingly

📉 Bias: Bearish Reversal
Unless price breaks and closes above resistance with strong momentum, the chart favors a pullback scenario.

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