TheSignalyst

US30 - Potential Bearish Reversal!

Short
CURRENCYCOM:US30   Dow Jones Industrial Average Index
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US30 is sitting around its ATH so we will be looking for sell setups on lower timeframes.

on M30: US30 is forming a channel in blue but the lower trendline is not valid yet, so we will be waiting for a third swing to form around it. (projection in purple)

Trigger => Waiting for that swing to form then sell after a momentum candle close below it. (gray area)

Until the sell is activated, US30 would be overall bullish and can still trade higher.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL indicator
http://www.RichTL.com

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Comments

Great analysis!
+2 Reply
TheSignalyst KlejdiCuni
@KlejdiCuni, keep it up you too
Reply
exceptional analysis, keep it up
+1 Reply
TheSignalyst T_V_TreeTrader
@T_V_TreeTrader, you too bro
Reply
Great one just like always !
Appreciate your great work mate ❤️
Thanks for sharing your outlook 😃
+1 Reply
@Helical_Trades always respect your comments brother 🙌
Reply
The best TA on TradingView
+1 Reply
@YMGroup respect 👑
Reply
Hi my friend! very accurate
+1 Reply
@AtlasTrades thanks mate. Yours too
Reply