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Us30-short

Short US30 - Sniper entryConfluence: Have a Look below as I start from 5 Minute to weekly Enter sniper entry on 5 minutes as Lower High came back to test previous higher low and didn't break above 15 Minute Price action bearish 38% Retrace 30 minutes bearish at previous level of resistance that was newfound support earlier today. We had a break and retest of 33705 1 Hour same thing -0 38% retrace ( heavy confluence ) 4 Hour stuck in 500 pip range box - Double top pattern Daily heavy exhaustion on previous candle with a close lower then the previous. Weekly, Heavy resistance on 33523 - could be start of double top Entry short - 33694 SL- 33752 33354 TP
UShort
by earlytrader
2
The crisis is here but worst is to comeUs30 has a huge divergence with Nas100 and S&P500 . These 3 index usually behave the same but lately Us30 has been making a strong bullish move while Nas100 and S&P500 are holding way below. There are multiples catalytics this mont and the following month that can help this move to happen. In my opinion the move has started with the Federal Fund Rate interest rate . The interest rate went up to 75bps. We have NFP coming up, CPI and others. The scenario is not looking good. The curve is not here yet which must likely will make the market to suffer more.
UShort
by Wiiso
2