"US30 Market Analysis: Assessing Breakout Potential and Bearish
Updated
US30 Analysis - April 2024
Overview:
The US30 index is currently showing signs of upward momentum, poised for a potential breakout if it surpasses the resistance level at 38749.14. However, there's a notable bearish sentiment with significant downward pressure, particularly evident around the 38022.02 level.
Trade Opportunities:
1. Breakout Scenario:
- If US30 breaks above 38749.14, there's a possibility of further upward movement, indicating a bullish trend continuation.
2. Bearish Momentum:
- Should the index experience a strong bearish momentum and drop below 38022.02, it could signal a reversal with potential shorting opportunities.
Observations:
- Last week, buyers faced rejection around the 38102.13 level, suggesting a shift in market sentiment towards sellers.
- Despite recent uptrends, the current strength of sellers indicates a potential change in market dynamics.
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Feel free to adjust the text to better fit my analysis and trading perspective thanks for support.
Overview:
The US30 index is currently showing signs of upward momentum, poised for a potential breakout if it surpasses the resistance level at 38749.14. However, there's a notable bearish sentiment with significant downward pressure, particularly evident around the 38022.02 level.
Trade Opportunities:
1. Breakout Scenario:
- If US30 breaks above 38749.14, there's a possibility of further upward movement, indicating a bullish trend continuation.
2. Bearish Momentum:
- Should the index experience a strong bearish momentum and drop below 38022.02, it could signal a reversal with potential shorting opportunities.
Observations:
- Last week, buyers faced rejection around the 38102.13 level, suggesting a shift in market sentiment towards sellers.
- Despite recent uptrends, the current strength of sellers indicates a potential change in market dynamics.
---
Feel free to adjust the text to better fit my analysis and trading perspective thanks for support.
Trade active
Now analyse target achieved more than half and work strongly in favour waiting for next move to down in sell of US30 if you agree with this idea please share your compliments with us we are happy to see you connect with us thanks for support.
Trade closed: target reached
target reached successfully ..
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