US30 close to sell-off or ready to fly high?
Hey tradomaniacs,
I think my charts shows all what I wanna say.
61,8% retracements are very common for long-term-traders and was used to sell-off the tryharding bulls to recover from that brutal drop we had in feb. 2018!
We`ve been testing this level for three times plus a fake-out and this could be an amazing chance to sell or buy.
If we see an A-B-C-Pattern showing a strong resistance at this price we could see a very nice chance to buy with an amazing Risk-Reward-Ratio.
Wether the market drops or climbs, it`s a very nice position for both directions. So keep your eyes open and pay attention.
We will see. :-)
Peace out and good trades
I think my charts shows all what I wanna say.
61,8% retracements are very common for long-term-traders and was used to sell-off the tryharding bulls to recover from that brutal drop we had in feb. 2018!
We`ve been testing this level for three times plus a fake-out and this could be an amazing chance to sell or buy.
If we see an A-B-C-Pattern showing a strong resistance at this price we could see a very nice chance to buy with an amazing Risk-Reward-Ratio.
Wether the market drops or climbs, it`s a very nice position for both directions. So keep your eyes open and pay attention.
We will see. :-)
Peace out and good trades
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.