Change of Character on US30 - Bearish Opportunity Insigh
the previous trend on US30 was notably bullish. However, we've identified a significant shift in market sentiment, as a strong red candle closed below the prior support level, signaling a potential change of character in the market. We will now await a retracement back to the optimum zone within the Fair Value Gap (FVG) on the daily timeframe. Upon confirmation of this retest, a short position may present itself as a viable opportunity in alignment with the new bearish outlook. This setup highlights the importance of patience in awaiting confirmations for high-probability trades.
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.