📍 US30 Technical Breakdown – 08/04/2025
US30 sold off sharply, breaking down from the 44,600–44,700 range and diving as low as 43,500. Price is currently bouncing near 43,750, but the trend remains weak with lower highs and a breakdown structure intact.
The market lost its key support zone and is now attempting a weak relief rally. Bulls must reclaim 44,000 to avoid further selling pressure.
📊 Current Market Behavior:
📉 Sharp downside momentum
🔄 Small bounce after aggressive breakdown
🧱 Old support at 44,600–44,700 now acting as resistance
⚠️ Bearish structure intact unless reclaimed
📌 Key Levels:
🔹 Resistance Zones:
43,950–44,000 → Minor intraday resistance
44,600–44,720 → Major breakdown zone
44,943 → Swing high before selloff
🔹 Support Zones:
43,600 → Intraday bounce zone
43,500 → Recent low
43,200 → Next potential demand area
🧠 Bias:
📉 Bearish Intraday
Market still under heavy pressure with no major reversal signals. Relief rallies likely to be sold until key levels are reclaimed.
US30 sold off sharply, breaking down from the 44,600–44,700 range and diving as low as 43,500. Price is currently bouncing near 43,750, but the trend remains weak with lower highs and a breakdown structure intact.
The market lost its key support zone and is now attempting a weak relief rally. Bulls must reclaim 44,000 to avoid further selling pressure.
📊 Current Market Behavior:
📉 Sharp downside momentum
🔄 Small bounce after aggressive breakdown
🧱 Old support at 44,600–44,700 now acting as resistance
⚠️ Bearish structure intact unless reclaimed
📌 Key Levels:
🔹 Resistance Zones:
43,950–44,000 → Minor intraday resistance
44,600–44,720 → Major breakdown zone
44,943 → Swing high before selloff
🔹 Support Zones:
43,600 → Intraday bounce zone
43,500 → Recent low
43,200 → Next potential demand area
🧠 Bias:
📉 Bearish Intraday
Market still under heavy pressure with no major reversal signals. Relief rallies likely to be sold until key levels are reclaimed.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.