CHART BREAKDOWN US30: Key Levels, Targets and Thoughts!

Brief Description🖊️:

The chart provides insights into critical market levels, emphasizing an essential demand zone (low-risk sell zone) spanning from 38835 to 38900. Additionally, medium-risk buy zone and a medium-risk sell zone between 38150-38060 and 38740-38780, respectively, are highlighted.

Things I Have Seen👀:

Important Supply Zone🟢: Identified between 38835 and 38900, serving as a low-risk sell.

Medium-Risk Buy Zone🟠: Positioned between 38150 and 38060, suggesting another area with moderate risk for potential buying positions.

Medium-Risk Sell Zone🟠: Noted between 38740 and 38780, suggesting another area with moderate risk for potential selling positions.

Bearish Targets📉:

38690: Possible retracement area.
38540: Possible retracement area.
38330: Area with laying low liquidity.
38190: Area with laying low liquidity.
Ultimate Target: 38150- An important level for potential retracement.
Ultimate Target: 38000- Liquidity area.

Bullish Targets📈:

38350: Possible retracement area.
38650: Liquidity area.
38740: Possible retracement area.
38835: Possible retracement area.
38930: Liquidity area.



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.