US30: The First Selling Signs

US30: The First Selling Signs

After a long time US30 confirmed an "Ascending Channel Pattern"

The price broke down from the channel thus confirming that a possible bearish wave
may happen soon.

Considering that we have the US CPI data tomorrow it is likely that we may see US30
moving down further as it is shown in the chart.

Strong support is found near 38190 and 37280

You may find more details in the chart!
Thank you and Good Luck!

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Comment:

Comment:

Comment:

📣 #US30 is getting ready to go down even more

From our previous analysis, the price tested 39k as expected and moved in our direction. The bearish dominance is slowly increasing, despite the strong upward trend that all indices are currently in correction.

Chances are the US30 could continue to move lower over the coming days for a bigger correction. So far the price continues to develop well.
After the stronger than expected CPI data the market may continue to speculate about the rate cut and when it may happen.
This topic may push US30 down even more.

Trade closed: target reached: