US Wall St 30Short
US30 shorts
Hello Traders;
I believe that US30 is due for a very huge bearish move
Here's why
Monthly;
Weekly;
Daily;
4 hour;
I believe that US30 is due for a very huge bearish move
Here's why
Monthly;
- Price broke all time highs and never retested the previous region.
- May's candlestick closure is very weak and left a long wick to the upside. The probability of the wick being filled is very low.
Weekly;
- There is a 3 pin pattern that never closed below the pattern.
- If price ever breaks 38,000 then the next target is 37,500.
- Two weeks ago price formed a doji candlestick formation which shows me there are not enough orders to go to the upside.
- The previous week's candlestick has its body showing downside momentum
- I believe that this week price went up to collect orders before we see inevitable downside movement
Daily;
- Price is at a major selling region at 38,875 and rejected it with a 3 pin pattern.
- The next notable daily region to the downside is 38,550
4 hour;
- Price has broken below 38,830 which is a 4 hour region and has retested the region.
- The next notable region is 38,750.
- Waiting for a sell setup
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