US30 — Support Holding or Further Drop? Key Levels To Watch

US30 (Dow Jones) — 4H Chart

Price is currently hovering around a key support zone near 37,000 after a strong bearish impulse.

Scenarios I'm Watching:

▸ Bullish Scenario:
If the support zone holds and price reclaims 37,500 — I would look for price to retest the 38,300-38,800 zone.
A clean break and hold above 39,500 could open doors towards the 40,000-41,000 resistance area.

▸ Bearish Scenario:
If price fails to hold this support, and breaks below 36,850 — I expect further downside towards the next key supports:

35,800

34,500

33,000

Trading Plan:

Waiting for clear price action confirmation at this support zone.

Will avoid trading in the middle of the range — prefer breakout or retest setups.

Levels marked on chart for clarity.

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Disclaimer: This content is intended for educational purposes only and does not constitute financial advice.