US30 Price has formed a potential double top around the 47,000 zone, showing clear resistance rejection. The recent bullish leg is losing momentum, and unless we see a strong breakout above 47,100, this level could act as a short-term ceiling.
Plan for today:
📉 Bearish bias while below 47,000–47,100. Looking for potential pullback targets toward 46,600 and 46,200 if selling pressure continues.
📈 Bullish scenario only if price breaks and holds above 47,100 on solid volume — in that case, we could see continuation toward 47,400–47,600.
Key levels:
Resistance: 47,000 / 47,100
Support: 46,600 / 46,200
Market currently looks tired at the top, so I’ll be watching for rejection confirmation before entering short.
US30 Tesla's Consensus EPS* Forecast is $0.41, which is a massive decrease from previous years $0.62. This should cause a pullback today on US30 and US100.
US30 There's still 3 hours left until a candle close on the Daily.
If the bullish candle still forming makes a close past the Swing High of 47,052 by the end of today's New York session, then more moves tomorrow to the upside. But if the bulls reject the Swing High with its upper wick, then back down again towards the S&R Zone (that begins at 46,690). The last leg of the giant "W" pattern is nearing completion.
US30 The drop earlier may have just been a shallow bearish retracement and not a proper one to the mean reversion price of 46,769.
We'll see if that's true after this 2nd upper wick fill of the second Shooting Star. Will the bears return for a bearish retrace to resume OR will the bullish candle still forming may exceed the previous candle's high of 47,075 to go up more. Watch carefully to know where the candle closes.
After this bear run, the 3rd and last swing of the Popgun pattern will be in play that is the last UP swing.
As a reminder, here again is the sequence of three swings from the Popgun pattern: Up-Down-Up.
US30USD I learned This method By reading Reminiscences of a stock operator....I customize it my own way tho.........when i get another entry for buy...i can close and go for another buy....risking 1% to make 7% i can go 1.5% for my next Trade.....when it works the gain is massive when it don't the loss is small..this is my my last trade for the day......am out of comments for the day so no reply.....
US30 Price has formed a potential double top around the 47,000 zone, showing clear resistance rejection. The recent bullish leg is losing momentum, and unless we see a strong breakout above 47,100, this level could act as a short-term ceiling.
