US30: Bearing Down from Key Resistance Levels for a Swing Short

US30ShortSwing7h ago3 views

Trade Setup

Entry Price

44106.00

Stop Loss

44542.00

Take Profit

43234.00

Risk : Reward

1 : 2.00

RiskReward

Current Market Momentum & The Trend


Alright team, let's talk about the US30. We're seeing some clear bearish momentum kicking in, and as you know, "the trend is your friend." The Dow is currently sitting at 44018.35, down quite a bit with a -181.65 (-0.41%) change over the last 24 hours. This confirms the underlying bearish trend I've been watching. The daily range has been between 43745.88 and 44290.82, showing a struggle to hold higher ground.
My technical analysis indicates that price action is struggling right around the 44050 and 44100 resistance levels. This area is a key level being tested, and it's

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