US Wall St 30Short
US30 - Bullish Shark Pattern
Possibly a bullish shark pattern forming with a possibility of a profitable short position.
After a steady drive up on the bottoming of a steep down correction from the previous high reached Jan 21, we are now back up just short of it.
In an overbought market, there could be a large correction down after retesting the high.
If the high test passes we could see a correction at 1.113 retracement from the main drive down.
After a steady drive up on the bottoming of a steep down correction from the previous high reached Jan 21, we are now back up just short of it.
In an overbought market, there could be a large correction down after retesting the high.
If the high test passes we could see a correction at 1.113 retracement from the main drive down.
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.