US30 Sets For Bearish Correction At Premium Zone

US30 Analysis – February 11

US30 is preparing for a bearish correction at the premium zone. The 9-day SMA is currently positioned at $44,640, slightly above the current price, indicating weakening short-term momentum. The Stochastic Oscillator is declining from overbought levels, with the %K line at 44.53, suggesting a potential pullback. Despite this, the broader trend remains bullish as the price continues to establish higher highs and higher lows over the long term.

US30 Key Levels

Resistance Levels: $45,100, $47,000, $48,000
Support Levels: $43,400, $41,700, $40,000

US30 Long-Term Trend: Bullish

The chart indicates that the price recently pulled back from the $45,100 resistance, confirming a short-term supply zone. A retracement has begun, with the nearest demand zone at $43,400 acting as potential support. If this level holds, buyers may regain control and push the price higher. Increased selling pressure could test the next significant support at $41,700.

The overall bullish order flow suggests that this pullback is a healthy correction rather than a trend reversal. The price is expected to consolidate near the $43,400 order block before resuming its uptrend. A successful rebound from support could lead to a retest of $45,100 and a potential move toward $47,000. However, if the price drops below $41,700, the bullish outlook would be invalidated, signaling a deeper decline.

US30 Short-Term Trend: Bearish

US30 is displaying bearish momentum on the four-hour chart following a market structure shift. The index is under selling pressure after failing to establish a higher high above the $45,100 resistance.
The Stochastic Oscillator is currently in the oversold region, indicating a possible short-term bounce before further downside movement. The next major target is the demand zone around $43,400, where buyers may intervene to slow the decline. Forex signals suggest monitoring this level for potential trading opportunities.

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