Dow Jones Testing 46,760 – Bounce or Breakdown Ahead?

Hey Traders, in today’s trading session we’re closely monitoring US30 for a buying opportunity around the 46,760 zone. The Dow Jones remains in a broader uptrend and is currently undergoing a correction phase, approaching a key support and resistance confluence at 46,760.

Market Structure:
The index continues to print higher highs and higher lows, confirming bullish market structure. The current retracement could offer a potential continuation setup if buyers regain control near this level.

Key Level:
46,760 — an important technical zone where trendline support meets horizontal structure, providing a potential reaction point for bulls.

Outlook:
If buying pressure emerges from this area, a move toward 47,400–47,600 could be on the table in the coming sessions.

💬 What’s your take on US30 here?
Do you see a bounce from support or a deeper pullback coming? Share your view in the comments!

Trade safe,
Joe.