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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📣 #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.
Took this Trade I ENTERED at 38291.45 and TP Hit at 37786.57
Just a warm up haha
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TradeShamba
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Testing support 38k if broken expected further down. Keep in mind all factors to go down i.e tax season, inflation, geopolitical issues, world market trends Tokyo China etc…Based from 2020 ATL trend, short term, potentially can come back to 36k as 10% drop from ATH then bounce.
Just a warm up haha
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