US30 Bullish Momentum Continues with Key Support at 38,790

20 jun 2024

Technical Analysis: US30

The US30 index retested the 38,790 level and then surged approximately 150 points, continuing its upward momentum toward the 39,050 level.

• Bullish Scenario:
  As long as the price trades above 38,790, it will likely push up to 39,050.
  
  
• Bearish Scenario:
  If the price breaks below the support levels at 38,790 and 38,760, it could decline to 38,580. Sustained trading below this level may result in a further drop to 38,400.
  
  
• Key Levels:
  - Pivot Line: 38,790
  - Resistance Levels: 39,050, 39,350, 39,700
  - Support Levels: 38,580, 38,400, 38,290
  
  
• Today's Expected Range:
  The price is expected to move between the support level at 38,760 and the resistance level at 39,050.
  
  In summary, maintaining a position above 38,790 supports a bullish outlook with higher resistance targets, while trading below this level indicates potential bearish movement towards lower support zones.
  
  Previous idea:
  
  

20 jun 2024

Operación cerrada: objetivo alcanzado

The price reached our target and pushed up about +260 points, ✅

now will move between 39045 and 38790 till breaking so it is possible to drop again as long as trades under 39045

21 jun 2024

Nota

Next Movement
Attention: Our chart clearly illustrates all structures

21 jun 2024

Nota

US30 reached all our targets, now will trade between 39310 and 39045 till breaking

we will update you for the next week