US30 Shows Early Signs of Bearish Pressure Within Overall Bullish Structure

Market Analysis – July 17

In the final quarter of 2024, US30 experienced a substantial bearish decline that extended into Q1 2025, driving the index down to the 38,250.0 region. However, a strong bullish reversal occurred in April 2025, marking a significant turning point as the price surged aggressively to current levels.

US30 Key Levels

Demand Levels: 40740.0, 38250.0, 35760.0
Supply Levels: 43300.0, 45180.0, 47300.0

US30 Long-Term Trend: Bullish

The bullish reversal was confirmed by a failed low pattern in April 2025, which led to a strong upward rally. Price broke through the 43,300.0 supply level and is now approaching the next significant resistance at 45,180.0.

Although the broader trend remains bullish, the daily Relative Strength Index (RSI) indicates that the price has entered overbought conditions, with waning momentum—suggesting the possibility of short-term bearish pressure. Provided that price maintains above the 40,740.0 demand zone, the long-term outlook continues to favor bulls. Traders may consider using reliable forex signals to monitor upcoming moves.

US30 Short-Term Trend: Bearish

In the short term, price action has shifted. A double top pattern formed near the recent high triggered a sharp decline, breaking key support and initiating a bearish leg. Currently, US30 is experiencing a corrective bullish retracement, likely targeting a retest of the 4-hour order block before potentially continuing its downward trajectory.

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