juwan007

POENTIAL US30 SELL (OPTION B)

Short
OANDA:US30USD   US Wall St 30
US30 is obviously on a strong down trend after resisting at the 34264 area due to current US economic news. The news in specifics is the US NY Empire State Manufacturing Index which came in far worse than expected at -32.90 when forecast was -8.70. I think a descending triangle is forming. Just incase us30 goes for a liquidity grab, another possible selling area would be at the 33345 area. Price may break support and aim to clear liquidity labelled "$$$" and test the one hour order block at 32683 level.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.