US30 sellers always loser in us30Community discussions
US30 sellers always loser in us30
US30 *Trading Trick:I thought I'd show this while we're waiting for the bearish pullback.
Look at the Volume below of this 1-Hour chart. I highlighted in yellow the tallest volume bar, then highlighted the related candlestick.
There are traders who will create a S&R Zone at the high and low of that high volume candle. It can work, but not all the time. I draw S&R Zones, based on pivots, and you can see that I've actually got two Zones, one above and one below that candle highlighted in yellow.
The high volume can relate to climatic moves, like an Anchor Bar or tall Gap that have support and resistance levels to them.
If you like that trick, you can backtest to see the conditions when the highest volume bar be used as a gauge to draw a S&R Zone.
US30 its not possible short ir
US30 the shorts should be approaching soon
US30 48,000 incomingUS30 When this long bullish trend is over, which is very much in Overbought territory, there's still the Bullish Trendline (in green dotted line) nearby. A bearish pullback can drop down and potentially go to the right of the trendline, flipping the market bias from bullish to bearish for the most profitable moves to be to the downside.Also, this long bull run was from the three patterns: two Double Inside Days and a Triple Inside Day to tell us we may get more than one MASSIVE move (of over 400 ticks). That's right, more than one. So, does that mean we may get a major drop? We'll see.
*Side Note:
If we see a Shooting Star at the top of the bullish trend, that's a significant pattern that has two meanings: the market is Overbought and as a top reversal pattern, a bearish pullback is coming.
**Conservative Take Profit to the Downside:
Between 47,586 - 47,421 - Based on Mean Reversion
US30 lets short it. my tp is 47525
US30 It will go down till the end of the day.US30 going towards ATH... Massive double top may form on the 4HUS30 This is the BIG bullish move from the Double Inside Day that formed over 6 hours ago (shown in 4-Hour chart below).Side Note:
The 8-Hour timeframe is headed for the Swing High of 48,013. We'll see if the bulls can reach and breach this level, shown in this link:
tradingview.com/x/klmRwD1w/
