$US30 / Dow Jones – Rising Structure at Risk 📉
US30 is currently trading inside a broader ascending structure, but price is now reacting at a major horizontal resistance zone near 49,600–49,700.
🔎 Current Technical Picture:
• Multiple rejections from the 49.6k supply zone
• Weak bullish follow-through after recent highs
• Price compressing against rising trendline support
This creates a classic squeeze between:
Strong horizontal resistance
Ascending trendline support
📌 Key Levels to Watch:
🔴 49,600–49,700 → Major supply
🟢 48,400–48,500 → Primary demand zone
🟢 47,800 → Higher timeframe support
📊 Scenario Outlook:
If price fails to break and sustain above 49.7k:
→ Trendline breakdown likely
→ Liquidity sweep below recent lows
→ Move toward 48.4k demand zone
If resistance is reclaimed and held:
→ Structure remains bullish
→ Upside continuation toward 50k+ possible
Market is sitting at a structural decision point.
Rejection from resistance increases downside probability.
Patience before confirmation is key.
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