US30 Weekly Sell Setup: 44400 Entry, 45051 SL and 42400 TargetUS 30CAPITALCOM:US30The_Chart_SchoolThis is a proposed sell setup for US30 with longer time frames weekly and H4 timeframe target. The strategy anticipates a significant downward move, capitalizing on current market conditions and key technical levels. Entry Point: Sell at 44450 Stop Loss (SL): 45051 Target (TP1): 42400 Target (TP2): Deep down if the support fails to hold Reasoning & Details: Resistance at 44400-44500: The US30 has been consolidating around the 44400-44500 region. This area has consistently acted as a significant resistance level, as evidenced by multiple rejections in recent trading. A failure to sustain price above this level, or a confirmed bearish candlestick pattern in this zone, would strongly reinforce the sell setup. Weekly H4 Timeframe Perspective: The target of 42400 is based on a weekly analysis, suggesting that this is not a short term scalp but rather a move expected to unfold over several days or even weeks. This longer timeframe allows for wider price swings and potential pullbacks without invalidating the overall bearish thesis, focusing on the broader trend. Stop Loss Placement (45055): The stop loss at 45055 is strategically placed above recent highs and psychological resistance levels, specifically around the 45000-45100 area. This placement aims to protect capital by exiting the trade if the market unexpectedly breaks above critical resistance, indicating a continuation of the uptrend. 45042.77 is an identified resistance. Placing the stop loss slightly above this provides a reasonable buffer. Initial Target at 42400 (Key Support): This target aligns with a key support level that, if reached, would represent a substantial decline from the entry point. identified 42430 as a critical resistance, which could now act as a support if broken from above. A strong move to this level would indicate significant bearish momentum. Further Downside Potential (Beyond 42000): A critical aspect of this idea is the potential for further price depreciation if the 42000 support level fails to hold. Should price break convincingly below 42000, it would signal a deeper bearish move, opening the door for a more extended sell-off. This suggests a potential for a cascading effect, where a break of this major psychological and technical support could lead to significant further declines, potentially towards 41155 or even 40215 as indicated by some pessimistic forecasts. Note; This is a trading idea based on technical analysis and current market observations. Trading in financial markets carries inherent risks. Always conduct your own thorough research and manage your risk appropriately.