Long

Fibonacci Trading And Price Action US30

Updated

I'm sorry I didn't give you this setup sooner. I was tired and oversleeping and then I entered the wrong trade on EUR/USD and forgot to give this to you guys.
I advise people not to trade without a clear setup. In the next few hours there will be an important US market economy.
The DXY is at a fairly high level, a lot of people are buying when the price drops and a lot of people jumping in to sell short because the price is in the resistance area on the H4 frame on the analysis I provided earlier.
Don't do anything in a hurry, wait and see how the price reacts to economic news.

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The price is quite respecting the established resistance area.

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In the US session today, there will be quite sensitive economic news.
For those who do not have a trade setup, I advise you not to trade today on a sentimental basis.
As for those who are opening orders, I think you should reduce your trading volume and leave your stop loss at least to the breakeven point.
As for the issue of opening orders during economic news, we will discuss later with how to set up with fibonacci and support resistance.

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Currently, US30 is showing a selling point on the D1 bracket. If the price fails to break this sell threshold tomorrow and continues to fall, I think everyone should turn trades.

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US30 lost a lot of points, Currently the market is turning to selling and short selling.

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Bear market, I advise you not to jump in to buy, Price will go down further.

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Are there still many people stuck with high buy orders?? The downtrend was selling more than buying but the crowd continued to buy up in despair.
At 35,127 the bulls have bought up and created a thin layer of support. In my opinion, it will be pierced.

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The US30 price is entering the sensitive area and the Bears jump in to slap the price rejection. If you've read the author Alexander Elder's trading for a living, you'll see that as he describes it, bulls buy up - bears sell down. And the pigs poked their blood, and the sheep bleated with fear.
In today's trading day, this description of Mr. Alexander Elder is very clear

Trade closed manually

I find the assessment and expectations about the US30 market quite right.
Bears wearing bull masks and moving in the dark pushed prices up, dragging pigs and sheep with them. Then when they get to the point where they sell off everything and withdraw their buy orders at low prices, the Bulls are also buying high and selling short following the bears in order to salvage some of the high long positions.
In the end only pigs and sheep were killed, cows and bears were fine.
I exited all trades on this US30 futures. Standing at a wide angle you will realize what I say. And I see them not only with my eyes, but I interpret and see them with Fibonacci ratios and support resistance and resistance, sometimes looking at one thing is not enough, you should look at something important. market.

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Another very important thing that I have to say is that you trade with the volume that suits your account, When entering an order I am sure more than 90% of traders will never count if the order is wrong. how many PIPs they may have to pay or how many POINTs they can lose.
This almost always happens to retail traders and become pigs and goats, but they are no longer bears and bulls.

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This is my trading chart according to what I perceive and want to describe.

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US30 is depreciating, don't use your body to block a sinking ship

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Do you think the support established in the US session yesterday at 35.127 can support the price or will it slip through and flow like water?

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Wow look at the chart and see that big players are taking profits and closing sell orders on high to avoid Swap fees.

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They are seeing that DXY is too cheap for the current price and they decide to sell their other holdings and jump into DXY.

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Trade active

Establish a Fibonacci price cluster find important support resistance and establish a trading point. There is currently a bearish divergence on the M30 frame. This is a pretty good point to enter at this point. I entered a short position, if you trade, you should enter with a volume suitable for your account so that even if you lose, you can still protect your account.

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Just take the money, people.
I recommend reducing your volume or bringing your stop loss to breakeven

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Let's go pick up the money that fell on the floor together, okay?

Persephone_AM

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