US30 its not possible short irCommunity discussions
US30 its not possible short ir
US30 the shorts should be approaching soon
US30 48,000 incoming
US30 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/
US30USD we should drop from here, it hit resistance..US30 On the Daily, which is in Bullish (directional) Market Bias, you can see that the bull run can potentially rise up to hit major resistance from the S&R Zone above them that begins at 47,571. If the bulls reach it, watch to see if they can cross through to rise above the Zone or not.