US30 Prediction
Updated
Beginning with our weekly timeframe, we have seen that US30 has twice struck a zone of strong resistance. US30 hit an all-time high of 39,984.1 on April 1, 2024. On Monday, May 20, 2024, that level was again hit, forming a double top and, in accordance with our trendline, a resistance level.
The market subsequently dropped right away to the zone 38,023.1, which was a solid area of support. We are now in a bullish rise that I believe will retrace to about 39,007.1. At that point, I will open a sell position and aim to capture my profits at the levels listed below.
TP1: 38,799.2
TP2: 38,348.6
TP3: 38,017.5
TP4: 37,673.3
TP5: 37,282.4
Moreover, if the forex gods are insane
TP6: 36,026.4
I appreciate you viewing my analysis.
Any and all criticism is appreciated.
The market subsequently dropped right away to the zone 38,023.1, which was a solid area of support. We are now in a bullish rise that I believe will retrace to about 39,007.1. At that point, I will open a sell position and aim to capture my profits at the levels listed below.
TP1: 38,799.2
TP2: 38,348.6
TP3: 38,017.5
TP4: 37,673.3
TP5: 37,282.4
Moreover, if the forex gods are insane
TP6: 36,026.4
I appreciate you viewing my analysis.
Any and all criticism is appreciated.
Trade active
The sell orders have been activated after we hit our sale zone. I hope the gods of currency are with you. Note that this is not investment advice. I'm expressing my thoughts and my forecast for what I believe the market will do.
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