📍 US30 Market Recap – 07/08/2025
The bulls lost steam, and momentum shifted 📉
After tapping a local high near 44,867, price got rejected hard and broke below both EMAs for the first time in over a week 🚨
🧠 What’s Changed:
Clean lower high formed around 44,800s
EMA structure broken → 20 EMA crossed below the 50 EMA
Price now consolidating under 44,450 zone
📊 Key Levels:
🔼 Resistance: 44,521 → previous EMA zone
🔽 Support: 44,250 → then 44,000
📈 Trade Setup Ideas:
🔻 Short Setup (Primary Bias):
Look for rejection around 44,450–44,500 zone
Entry: Bearish engulfing or break/retest from 15min or 1H
Targets: 44,250 → 44,000
SL: Above 44,600
🔹 Long Setup (Only if Reclaimed):
Bulls must reclaim 44,600 and flip it to support
Watch for strong breakout candle + volume
Target: 44,800 → 44,867
SL: Below 44,450
The bulls lost steam, and momentum shifted 📉
After tapping a local high near 44,867, price got rejected hard and broke below both EMAs for the first time in over a week 🚨
🧠 What’s Changed:
Clean lower high formed around 44,800s
EMA structure broken → 20 EMA crossed below the 50 EMA
Price now consolidating under 44,450 zone
📊 Key Levels:
🔼 Resistance: 44,521 → previous EMA zone
🔽 Support: 44,250 → then 44,000
📈 Trade Setup Ideas:
🔻 Short Setup (Primary Bias):
Look for rejection around 44,450–44,500 zone
Entry: Bearish engulfing or break/retest from 15min or 1H
Targets: 44,250 → 44,000
SL: Above 44,600
🔹 Long Setup (Only if Reclaimed):
Bulls must reclaim 44,600 and flip it to support
Watch for strong breakout candle + volume
Target: 44,800 → 44,867
SL: Below 44,450
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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.
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.