US30 Dow Jones is currently declining within a descending channel and approaching a major demand zone near 45,700–45,900 Price has reacted from the lower trendline, signalling potential bullish reversal.
A breakout above the minor descending trendline could trigger a push toward 46,700–47,500 resistance zone the blue zone marks strong supply/resistance where previous rallies were rejected. overall structure shows bearish pressure short-term but potential recovery from support if buyers step in.
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A breakout above the minor descending trendline could trigger a push toward 46,700–47,500 resistance zone the blue zone marks strong supply/resistance where previous rallies were rejected. overall structure shows bearish pressure short-term but potential recovery from support if buyers step in.
"Thank you for your support! If you found this idea valuable or learned something new, please consider liking and leaving a comment. I’d really appreciate hearing your feedback and thoughts."
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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.