Based on the 4-hour chart, the Bearish Rising Wedge pattern suggests a potential reversal of the uptrend on US30. The converging trend lines and decreasing volume indicate weakening buyer momentum. A breakout below the lower trendline could confirm the reversal, presenting a short-selling opportunity.
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.