CHART BREAKDOWN US30: Key Levels, Targets and Thoughts!

2 Tem

Brief Description🖊️:

The chart provides insights into critical market levels, emphasizing an essential supply zone (low-risk sell zone) spanning from 39540 to 39585. Additionally, one medium-risk buy zone between 38860-38820, respectively, is highlighted.

Things I Have Seen👀:


Important Supply Zone🟢: Identified between 39540 and 39585, serving as a low-risk sell.

Important Demand Zone🟢: Identified between 38860 and 38820, serving as a low-risk buy.


Bullish Targets📈:

38920: Possible retracement area.
39000: Possible retracement area.
39120: Possible retracement area.
39360: Possible retracement area.
39460: Possible retracement area.
39540: Significant supply zone.
39600: Liquidity area.


Bearish Targets📉:

39460: Possible retracement area.
39360: Possible retracement area.
39120: Possible retracement area.
39000: Possible retracement area.
38870: Essential Demand Zone
Ultimate Target: 38800- Laying Low Liquidity



What's Important Now❗
Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.