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- US30 (Dow Jones) – Bearish Momentum With Possible Retr...
US30 (Dow Jones) – Bearish Momentum With Possible Retracement Zones
Hello traders,
Sharing a technical outlook on US30 (H1) as it’s showing a clear bearish structure after the recent sharp drop.
🔍 Market OverviewPrice has broken below multiple intraday support levels.Bearish momentum remains intact with no strong bullish reversal signs yet.The chart shows two potential retracement zones where sellers may step back in.📌 Key Levels to Watch47,460–47,650 → First retracement zone (possible bearish rejection area)47,090–47,200 → Secondary retracement area before continuationIf price pulls back toward these resistance zones and prints bearish confirmation candles, we may see the next impulsive bearish leg forming.
📈 Scenario OutlookBullish retracement → bearish continuation is the primary expectation.Continuation targets sit near recent lows and lower support zones.💬 What’s your outlook on US30 today?Are you expecting a deeper correction before continuation, or will momentum push straight through the lows?