c US30 Technical Analysis – 8th June 2025
🔍 Chart Overview:
The chart shows a classic range-bound structure with clearly defined support and resistance zones.
📍 Key Zones:
🔼 Resistance Zone: ~$42,900 – $43,000
Marked by multiple rejections (🔴 red arrows).
Price has failed to close above this area convincingly.
Sellers are actively defending this level.
⚠️ Bearish pressure likely to increase if price stays below this level.
🔽 Support Zone: ~$41,750 – $41,850
Marked by strong bullish reactions (🟢 green arrows).
Buyers have stepped in consistently in this demand zone.
A breakdown below this level could trigger further downside momentum.
📈 Current Price Action:
The price is hovering around $42,781.3, just below the resistance zone.
The latest candlestick shows rejection from the top, forming a bearish wick, indicating potential reversal pressure.
The large downward arrow (⬇️) on the chart suggests a bearish bias is expected by the analyst.
📉 Outlook & Strategy:
🔻 Bearish Scenario (High Probability):
If price fails to break and sustain above $43,000, expect a move back down towards the support zone at ~$41,800.
A breakdown below support could lead to deeper downside, targeting $41,500 or lower.
🛑 Invalidation:
A clean breakout and daily close above $43,000 would invalidate the bearish setup and suggest potential continuation higher.
🎯 Trading Tips:
🔹 Short Bias: Look for short entries near resistance with tight stops above $43,000.
🔹 Target: $42,200 → $41,800
🔹 Risk Management: Always maintain a good risk-to-reward ratio and use proper stop-loss.
📌 Conclusion:
⚠️ The chart favors a bearish reversal from resistance unless bulls can push decisively above $43,000. Traders should watch for rejection patterns or breakdown confirmations to align with the bearish move
🔍 Chart Overview:
The chart shows a classic range-bound structure with clearly defined support and resistance zones.
📍 Key Zones:
🔼 Resistance Zone: ~$42,900 – $43,000
Marked by multiple rejections (🔴 red arrows).
Price has failed to close above this area convincingly.
Sellers are actively defending this level.
⚠️ Bearish pressure likely to increase if price stays below this level.
🔽 Support Zone: ~$41,750 – $41,850
Marked by strong bullish reactions (🟢 green arrows).
Buyers have stepped in consistently in this demand zone.
A breakdown below this level could trigger further downside momentum.
📈 Current Price Action:
The price is hovering around $42,781.3, just below the resistance zone.
The latest candlestick shows rejection from the top, forming a bearish wick, indicating potential reversal pressure.
The large downward arrow (⬇️) on the chart suggests a bearish bias is expected by the analyst.
📉 Outlook & Strategy:
🔻 Bearish Scenario (High Probability):
If price fails to break and sustain above $43,000, expect a move back down towards the support zone at ~$41,800.
A breakdown below support could lead to deeper downside, targeting $41,500 or lower.
🛑 Invalidation:
A clean breakout and daily close above $43,000 would invalidate the bearish setup and suggest potential continuation higher.
🎯 Trading Tips:
🔹 Short Bias: Look for short entries near resistance with tight stops above $43,000.
🔹 Target: $42,200 → $41,800
🔹 Risk Management: Always maintain a good risk-to-reward ratio and use proper stop-loss.
📌 Conclusion:
⚠️ The chart favors a bearish reversal from resistance unless bulls can push decisively above $43,000. Traders should watch for rejection patterns or breakdown confirmations to align with the bearish move
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JOIN MY TELEGRAM CHANNEL
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JOIN MY RECOMMENTED BROKER REFFREL LINK
⤵️one.exnesstrack.net/a/uvd1etcgg1
PARTNER CODE⤵️
uvd1etcgg1
t.me/StellarMarketAnalysis
JOIN MY RECOMMENTED BROKER REFFREL LINK
⤵️one.exnesstrack.net/a/uvd1etcgg1
PARTNER CODE⤵️
uvd1etcgg1
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.