Hello traders,
Sharing a technical outlook on US30 (H1) as it’s showing a clear bearish structure after the recent sharp drop.
If price pulls back toward these resistance zones and prints bearish confirmation candles, we may see the next impulsive bearish leg forming.
Are you expecting a deeper correction before continuation, or will momentum push straight through the lows?
Sharing a technical outlook on US30 (H1) as it’s showing a clear bearish structure after the recent sharp drop.
Market Overview
- Price 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 Watch
- 47,460–47,650 → First retracement zone (possible bearish rejection area)
- 47,090–47,200 → Secondary retracement area before continuation
If price pulls back toward these resistance zones and prints bearish confirmation candles, we may see the next impulsive bearish leg forming.
Scenario Outlook
- Bullish 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?
