CHART BREAKDOWN US30: Key Levels, Targets and Thoughts!

Brief Description🖊️:

The chart provides insights into critical market levels, emphasizing an essential supply zone (low-risk sell zone) spanning from 39.550 to 39.580, respectively, is highlighted.

Things I Have Seen👀:


Important Supply Zone🟢: Identified between 39.550 to 39.580, serving as a low-risk sell.



Bearish Targets📉:

39.500: Possible retracement area.
39.350: Possible retracement area.
39.170: Possible retracement area.
39.000: Essential Demand Zone
Ultimate Target: 38.750- Laying Low Liquidity



What's Important Now❗
Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.