Bearish engulfing candle at the retest of the uptrendline here. and if this current H4 candle closes like that as well, it'll be another bearish engulfing on the H4. I can see downside to the yellow zone at least.
Fib retracement levels of .618-.79 on the hourly seems to be holding very well.
The more times US30 touched this trendline, the more prices pushed...
US30 is approaching our first support at 24154 (78.6% Fibonacci retracement, Horizontal swing low support, 100% Fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 26251 (horizontal swing high resistance, 100%, 61.8% fibonacci extension, 76.4% fibonacci retracement).
Stochastic (89,5,3) is also...
US30 is approaching our first support level at 24154 (100% Fibonacci extension, 78.6% Fibonacci retracement, Horizontal swing low support) where a strong bounce might occur above this level pushing price up to our major resistance at 26251 (horizontal swing high resistance, 100%, 61.8% fibonacci extension, 76.4% fibonacci retracement).
Stochastic (89,5,3) is also...
US30 is approaching our first support at 24150 (100% Fibonacci extension , 78.6% Fibonacci retracement , Horizontal swing low support) and a strong bounce might occur above this level pushing price up to our major resistance at 26262 (100% Fibonacci extension , 78.6% Fibonacci retracement , Horizontal swing low support).
Stochastic (89,5,3) is also approaching...
US30 is approaching our first support at 24060 (100% Fibonacci extension, 78.6% fibonacci retracement, Horizontal swing low support) where a strong bounce might occur above this level pushing price up to our major resistance at 26251 (horizontal swing high resistance, 100%, 61.8% fibonacci extension, 76.4% fibonacci retracement).
Stochastic (89,5,3) is...
price high in US30. Net change is buying increase 3% from 81% to 84%, while short decrease 3% from 19% to 16%. Net Change is100% which indicate reversal for US30.
The question is not if it's going to drop that hard, the question is if it's gonna honor the fibs and provide a good entry.
When it hits the fan, don't say you weren't warned.
Ascending Triangle forming on the 30 minute timeframe. Possible bearish outbreak to the downside. Pattern on 1 Day timefame is an evening star; expect bearish continuation.
C Wave looks like it is done finally, I would be looking for a sharp decline that breaks the lower trend line of the channel producing a zig zag for D and then a sharper move up for E which should look strong but not have much strength behind it. Once this is done I would expect all hell to break loose and begin a sharp decline in Wave 3.
Wave E cannot go above...
WAVE C is done, its finished.
This is a pivotal point to short, as part of the triangle wave 2 forming this is a very bearish formation that we are seeing.
Prices should not exceed 25,000 again until this entire move down is complete and it should fall for a long time.
If I get enough support with this idea I will make a video idea so please follow and...
The $US30 is showing bearish signals and divergence with RSI and Stochastic. Strong retest on the 200 EMA. It might be holding there for a while, with strong hands supporting it. Fundamentals with economy indicators are good, but fundamentals with companies are not showing good signs overall speaking. Trade carefully I'll short it.
Disclaimer: This is not a...
