US30 Bounce at Channel Support, Bullish Rejection in Play

US30 is respecting the ascending channel support on the 4H chart, showing a clean bullish rejection wick after tapping the lower trendline.

Technical Highlights:

Ascending Channel: Price is holding the upward trend structure.

Rejection Pattern: Clear bounce from the lower boundary, forming a potential inverse head-and-shoulders pattern.

Key Levels:

Support: 45,000 – 45,200

Resistance: 45,800 – 46,200

Bias:
🟢 Bullish — As long as the 45,000 level holds, expect a retest of the upper channel boundary.

Trade Plan:

Entry: Off the channel support zone near 45,200

Target: 45,950 – 46,200

Invalidation: Break and close below 44,850

Sentiment:
Momentum favors continuation to the upside unless structure breaks below the trendline.