CHART BREAKDOWN US30: Key Levels, Targets and Thoughts!🎯

Brief Description🖊️:

The chart provides insights into critical market levels, emphasizing an essential supply zone (medium-risk sell zone) spanning from 39160 to 39220, respectively, are highlighted.

Things I Have Seen👀:


Medium-Risk Sell Zone🟠: Noted between 39160 and 39220, suggesting another area with moderate risk for potential selling positions.


Bearish Targets📉:

39070: Possible retracement area.
39000: Possible retracement area.
38920: Essential Demand Zone.
38870: Area with laying low liquidity.
Ultimate Target: 38800- An important level for potential retracement.
Ultimate Target: 38500- An important level for potential retracement.



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.