On Friday we managed to make a sniper entry and NFP melt the price as I expected.
On weekly time frame price is still little bullish, but on Daily time frame a reversal is happened. At this moment price is going down and my target is the previous low. There is a chance from price to form a consolidation, but I think, US30 will make new lower low, because US30 move in bearish channel.
US30-SPX
From this chart we can see, there is no SMT divergence and they both are going down. NASDAQ also dropping.
From COT reports we can see that the Profis already turned the direction and they are net short.
If you red my Fundamental analysis, you know that I am very bearish on US30 and there is no light at the end of the tunnel.
The last earnings from the biggest US companies are disappointing. It is another bearish sign for US30.
ISM PMI, NMI
From the chart below we can see that some of Fundamental indicators are also bearish.
There are another indicators that shows us the bearish direction
On weekly time frame price is still little bullish, but on Daily time frame a reversal is happened. At this moment price is going down and my target is the previous low. There is a chance from price to form a consolidation, but I think, US30 will make new lower low, because US30 move in bearish channel.
US30-SPX
From this chart we can see, there is no SMT divergence and they both are going down. NASDAQ also dropping.
From COT reports we can see that the Profis already turned the direction and they are net short.
If you red my Fundamental analysis, you know that I am very bearish on US30 and there is no light at the end of the tunnel.
The last earnings from the biggest US companies are disappointing. It is another bearish sign for US30.
ISM PMI, NMI
From the chart below we can see that some of Fundamental indicators are also bearish.
There are another indicators that shows us the bearish direction
Strategy:
-Macroeconomics
-Market manipulation
-Liquidity calculation
-Economic and price action indicators
-MTF Pivot points
*Fundamental analysis
*Technical analys
*Quantitative analysis
Free group:
t.me/serpentforexclub
-Macroeconomics
-Market manipulation
-Liquidity calculation
-Economic and price action indicators
-MTF Pivot points
*Fundamental analysis
*Technical analys
*Quantitative analysis
Free group:
t.me/serpentforexclub