US30 — Bullish Fib Retracement Reaction from Demand Zone

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US30 — Bullish Fib Retracement Reaction from Demand ZoneWall Street CFDFOREXCOM:US30Candle_Man_MontUS30 is showing a potential bullish continuation setup after retesting the key demand zone near 46,800–46,600, aligned with the Fib 0.5–0.618 retracement levels and structural support. Price rejected from this area with strong momentum, signaling that buyers may be preparing for another push toward the 48,000 resistance zone. Key Technical Highlights: Resistance: 48,040 (recent high) Support: 46,800–46,600 (Fib confluence + demand zone) Trendline: Long-term ascending structure remains intact Extension Targets: 47,800 → 48,000 Trade Outlook: The market is holding structure above the retracement zone, with buyers defending the bullish trendline. A confirmed 4H close above 47,360 would validate continuation toward the next upside leg. If price dips again, 46,600–46,400 remains the ideal re-entry zone for longs. A daily close below 46,000 would invalidate the bullish scenario and shift focus toward the 45,200 region. Bias: Bullish continuation favored while price remains above 46,600 — expecting buyers to target 48,000 in the next impulsive move.