Technical Analysis:
1. Daily Chart:
• Trend: Bearish correction after a strong uptrend.
• MACD: Negative, showing increasing bearish momentum.
• RSI: 38.25, indicating oversold conditions but with room for further downside.
• Price Action: The price has broken below the short-term moving average, signaling further weakness.
2. 15-Min Chart:
• Trend: Downtrend with lower highs and lower lows.
• MACD: Bearish crossover, confirming downward momentum.
• RSI: 62.60, indicating price has rebounded but is not yet overbought.
• Resistance: Around 41786, which aligns with prior price rejection.
3. 3-Min Chart:
• Trend: Recent short-term uptrend, but likely a retracement in the larger bearish structure.
• RSI: 77.65 (overbought), indicating a potential short opportunity.
• MACD: Bullish but losing momentum.
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Fundamental Analysis:
• Recent Market Sentiment: High volatility suggests caution. A larger correction is possible.
• Interest Rate & Economic Data: If the Fed remains hawkish, equities could see further declines.
• Geopolitical & Economic Risks: Uncertainty in global markets could weigh on the Dow.
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Trade Setup:
• Position: Short (Sell) US30
• Entry: 41750 (near resistance on the 15-min chart)
• Stop Loss (SL): 41880 (above previous highs, tight risk control)
• Take Profit (TP): 41450 (key support level)
• Risk-Reward Ratio (RRR): 2:1
US30
1. Daily Chart:
• Trend: Bearish correction after a strong uptrend.
• MACD: Negative, showing increasing bearish momentum.
• RSI: 38.25, indicating oversold conditions but with room for further downside.
• Price Action: The price has broken below the short-term moving average, signaling further weakness.
2. 15-Min Chart:
• Trend: Downtrend with lower highs and lower lows.
• MACD: Bearish crossover, confirming downward momentum.
• RSI: 62.60, indicating price has rebounded but is not yet overbought.
• Resistance: Around 41786, which aligns with prior price rejection.
3. 3-Min Chart:
• Trend: Recent short-term uptrend, but likely a retracement in the larger bearish structure.
• RSI: 77.65 (overbought), indicating a potential short opportunity.
• MACD: Bullish but losing momentum.
⸻
Fundamental Analysis:
• Recent Market Sentiment: High volatility suggests caution. A larger correction is possible.
• Interest Rate & Economic Data: If the Fed remains hawkish, equities could see further declines.
• Geopolitical & Economic Risks: Uncertainty in global markets could weigh on the Dow.
⸻
Trade Setup:
• Position: Short (Sell) US30
• Entry: 41750 (near resistance on the 15-min chart)
• Stop Loss (SL): 41880 (above previous highs, tight risk control)
• Take Profit (TP): 41450 (key support level)
• Risk-Reward Ratio (RRR): 2:1
US30 Order cancelled
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.
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.