US30 - Potential Bearish Reversal!

CURRENCYCOM:US30   Dow Jones Industrial Average Index
Hello everyone, if you like the idea, do not forget to support with a like and follow.

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!
This analysis is done using RichTL indicator

Telegram Channel


Mudrex is the world's leading algo-trading platform.
Sign up & Get $25 credit


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