US30 - WEEK 9, 2023.
Hey everyone,
My outlook on us30 this week is fairly simple, from a technical standpoint I see a clear confluence favouring my bearish bias with a dynamic resistance aligning its self with general support and resistant (33500 - 33600) which also aligns with one of the recent weekly lows and a order block.. That's four big confluences conveying POTENTIAL highly PROBABLE shorting scenario in which could lead into bearish trend continuation down to towards 32000 and lower.
So I'm staying alert watching price very closely this week, if I see a solid D/4H rejection I will scale down into the lower timeframes seeking a factualised entry with an extremely high R:R towards my target areas marked here on the chart..
My outlook on us30 this week is fairly simple, from a technical standpoint I see a clear confluence favouring my bearish bias with a dynamic resistance aligning its self with general support and resistant (33500 - 33600) which also aligns with one of the recent weekly lows and a order block.. That's four big confluences conveying POTENTIAL highly PROBABLE shorting scenario in which could lead into bearish trend continuation down to towards 32000 and lower.
So I'm staying alert watching price very closely this week, if I see a solid D/4H rejection I will scale down into the lower timeframes seeking a factualised entry with an extremely high R:R towards my target areas marked here on the chart..
Note
WEEK 10* IF YOU'RE FROM AUSTRALIA LIKE MYSELF.
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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.