US30 Has now created a double top and now also broken structure to the downside looks likely to tank down +500points. I am expecting price to break above Asian Highs for a liquidity grab and then start to show rejections @38570.00 where I will be looking for small time frame confirm for entries with sl@around 38600.00 risking (30points). This may vary depending...
1) Most overbought condition since May 2021 on the weekly RSI 14. 2) Converging trendlines at 38,200 stretching back since late 2021 create solid roof tested 3 times at least on 2 separate trend-lines which would make for a very tough level to break, especially when it's this overbought. ***A correction down to retest the connecting lows trend-line since late...
US30 New forecast The index price succumbed to negative pressures, announcing the postponement of the upward attack, forming several downward corrective waves, through which it settled near 37400. We would like to note that the continued exposure of the price to negative pressures and the stability of the obstacle represented by the level of 37814 will...
Hello Traders! This is my idea related to US30 H1. I see two possible scenarios where I will look for a long entry in case of confirmation of retracement. You can see two resistance zones from where I expect US30 will go bearish. In case of confirmation of retracement from the resistance zones, I will execute long trades until the price of 37760. Traders, if...
Dowjonse moves in a wide range between ( 37782 : 37079) i prefer not to take any orders now untill we see clear trend if it break 37079 and close 4H Candel under this support it will be perfect to take sell order to 35670.00 but if we see it go up and close above 37782 i think it will continue to 41049.00 ( 261.80 % Fibo lvl )
I have noticed that the RSI indicator on US30 is at 69.1 and has been consistently decreasing. This indicates that there is a strong possibility that US30 will start to experience a decline in its value. It is not surprising to see this bearish trend, as other commodities have also been showing similar signals. Based on my analysis, I predict that US30 will...
Hello trader’s what do you think about Us30) Usd30 down trandline market price retest fullback down looking 👀 for berash price cup momentum ) Entry 37368.00 Target 37075.76 safe trade 🙏🙏🩵❤️ pales like 👍🏻 and comments)
This week, my outlook for US30 leans towards a bearish correction downward. Given the recent strong bullish rally, the diminishing bullish pressure indicates a potential retracement to sweep liquidity and address imbalances below. Subsequently, we'll be on the lookout for buying opportunities around the 37500.0 psychological level. The ongoing distribution and...
Greetings! It's important to note that the financial market is currently experiencing a bearish trend, which has been confirmed and requires your attention. In particular, the US30 index is displaying unmistakable indicators of a downtrend that is likely to persist well into the New Year. Given this situation, it's crucial to take immediate steps to safeguard your...
My bias for this weeks forecast is for US30 to see a temporary bearish move to the downside. As price has now slowed down, it shows that bullish pressure has now become exhausted. To add, we can see there was a clean 4hr supply which has triggered this initial bearish move. Having observed the expected retracement and correction back up to 37500.0, I now...
The price has been on a significant bullish rally, breaking historical highs. This suggests that the price has encountered strong buying interest, indicating the presence of buy-side liquidity. From a technical perspective, this suggests that a retracement may be imminent. As further confirmation, on the daily chart, we can see that the price reached the...
Data released earlier Thursday showed that Britain ran up a higher-than-expected budget deficit in November, adding to the strain on the public finances and underscoring the limited room for pre-election tax cuts by Prime Minister Rishi Sunak's government. The main economic data release Thursday, however, will come from across the pond, with the U.S. economy...
SDOW has leveled off at a near-term bottom after a downtrend as confirmed by bullish divergence on the RSI and MACD while the price went sideways in consolidation. Volatility has contracted as have trading volumes. I see this as a buying opportunity with a stop loss of 20.5 below the low pivot in consolidation and the first target at 22 underneath a...
I am expecting bearish Monday for US30 since we are currently sitting at daily key level from Jan 2022. In case of breaking the current level I'm expecting this to increase the probabilities of the next zone to provide some good pips. Weaker zones below marked as possible targets, although I'd secure some of the profits much earlier.
The price is on a ranging mode, as indicated in the chart and we will wait until the index shows an opportunity in trading. Meanwhile, my perspective as for now is that the price might fill in the imbalances caused by the bullish market earlier on and my target would be 35960
Well, the price has broken the resistance zone aggressively, and I anticipate that the price will continue with bearish momentum.
From my US30 analysis we are currently approaching a key level of supply, even though we are very bullish the market requires a pull back in order to mitigate the inefficiencies left below, Hence why I am temporarily bearish this week. I see price reacting from the daily supply and dropping towards 34400.0 or even lower to more discounted zones in order for price...