Price has been rejected at the key supply zone near 41,119, with a sharp drop confirming bearish momentum.
We’re now trading below 40,736, heading toward the first demand zone around 39,884. If that breaks, the next high-volume support area is 38,397, as shown by the visible range and demand zone.
Bearish Bias
Strong rejection from supply
Lower highs forming
Watching for breakdown below 39,884 to add more short positions
Upcoming Events:
Big US data + FOMC sentiment could accelerate the move. Stay sharp!
What’s your bias – Short or Buy the Dip? Drop your thoughts below!
#US30 #DowJones #SupplyAndDemand #PriceAction #TradingView #SmartMoney #BearishSetup
We’re now trading below 40,736, heading toward the first demand zone around 39,884. If that breaks, the next high-volume support area is 38,397, as shown by the visible range and demand zone.
Bearish Bias
Strong rejection from supply
Lower highs forming
Watching for breakdown below 39,884 to add more short positions
Upcoming Events:
Big US data + FOMC sentiment could accelerate the move. Stay sharp!
What’s your bias – Short or Buy the Dip? Drop your thoughts below!
#US30 #DowJones #SupplyAndDemand #PriceAction #TradingView #SmartMoney #BearishSetup
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.