Looking to short us30 once it breaks that support.
Its been facing a lot of resistance at the level, and theres a lot of volume pushing it down.
SL is 1000 PIPS
TP is 3200 PIPS
US30usd TRADE IDEA
Looking at the break out of the flag
Waiting pushing down on the 25736.6 as the first target and working its way towards the 25555.4 as the second target.
Needs to break the 25958.0 in order for all of this to play out.
Entry: 25958.0
Target 1: 25736.6
Target 2: 25555.4
**PROPER RISK MANAGEMENT NEEDED**
**PAST CHARTS DO NOT GUARANTEE...
Pretty easy to see here what is going on with the daily chart. Volume and price action don't match movements being seen. Shorting as there is 975+ PIPs of opportunity.
There are many walls for holding US30 down
The price wants to breakup the main uptrend line. On the other hand 25990 is a strong resistance...
Bulls change their mind soon
Its no surprise that Trumps latest tariff spat has taken the market completely by surprise, as a result of what appeared to be a ceasefire - turned out to be an utmost escalation.
Currently I am eyeing one of two possibilities:
1) Down to 25,471 then re-test back to 27,000 where we either re-test highs or simply fall back down
2) To 25,471 then fall further to a...
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Our last analysis we took a look at price and we decided that price could be retracing back down to our 38.2% FIB level where we got confluence with our daily support (26371). That was our first indication we could be seeing a retracement to that level.
But to add to that, that 38.2%...
I have broken down a very energetic area of us30. This specific index loves to move in whole numbers. We can see a completion from a quarter level analysis I did a few days ago. However I did not brake it down to the pipette. This time I took the time to break it down in depth. The psychology behind this analysis is very simple. Smart money has played out nicely...
Hey Fellow Investors!
Check out my potential short trade idea on US30, AKA Dirty 30, AKA Dow Jones, AKA Easy Money!!!
If price on this weekly candle does not close below per notes on chart, sell position is not valid...
Please enjoy this trade idea, I'll see you on the other side of TP!!!
Signing off,
Golden Boy
Got rejected multiple times at going up. Let's see if we gonna have some sort of support at ascending channel line at around 27050. Easy 100pts to make. Tight stops as always.
If we break the channel line, we should see some major sell off until about 26000.
After anticipating the rise of price in the previous analysis we can see now that price stopped short at our weekly midrange resistance (27,000). Price has been rising for weeks now so a pullback is likely now. As of right now our weekly midrange resistance (27,000) is being tested.
Basing our Fibonacci from the daily time frame, the 38.2% fib level aligns with...
The move has been made, we saw a strong push to the level I was initially aiming for, however I did not think they would pressure the agenda. If we take a look from the initial sky rocketing it was at around 26500 area using quarter theory to 27500. it falls right on it. The market close earlier than anticipated closing on a bearish candle, it was a weak bearish...
