US30 / Historical Resistance Reached and New All-Time High

Technical Analysis: Historical Resistance Reached and New All-Time High

As mentioned in the previous analysis, the price has reached the historical resistance level of 41,030, stabilized above it, and recorded a new all-time high of 41,390, continuing its run towards 42,100.

Current Outlook:
The price is expected to correct to 41,030. Stability below this level would indicate a bearish trend. However, as long as the price remains above 41,030, the bullish trend will likely continue towards 42,100, especially with the strong impact of earnings on the market.

Bullish Scenario:
Stability above 41,030 suggests a continuation of the bullish trend towards 41,400 and 41,830. There is also the possibility of a retest of the 41,030 level.

Bearish Scenario:
The bearish trend will be activated if the price stabilizes below 41,030 and closes a 4-hour candle under this level. This would confirm a bearish move towards 40,420 and 40,005.

Key Levels:
- Pivot Line: 41,030
- Resistance Levels: 41,390, 41,500, 41,830
- Support Levels: 40,750, 40,450, 40,080

Today's Expected Range:
The price is anticipated to fluctuate between the support at 40,080 and the resistance at 41,830.
Previous Daily chart:

previous weekly chart :