Short
US30 drops (short)
hey guys, hope everyone is doing great, as you can see on the chart, i marked the trendline, the price is likely to drop first and then go up again, however, most retail traders will enter long first when they see the price touches the trendline after dropping and they will expect the price to go up, however, they will be stopped out from their long position, and see the break of the trendline, they will try to enter short since the trendline was broken, but the smart money will bring the price to higher levels after taking out all the short positions that retail traders made. we are expecting the price to come to mitigate the supply zone that was formed on the 1h chart first before dropping to the lowest levels, we are going to enter short once the 1h supply zone gets mitigated. if we can catch this trade the RRR will be 1:41 🥵
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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.