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Us30-short

US30 Will Go Lower! Sell! Please, check our technical outlook for US30. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 33546. Taking into consideration the structure & trend analysis, I believe that the market will reach 32229 level soon. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
UShort
by SignalProvider
9
US30 Is Bearish! Short! Take a look at our analysis for US30. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 33405. The above observations make me that the market will inevitably achieve 32646 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
UShort
by SignalProvider
7
POTENTIAL US30 SELLUS30 is obviously on a strong down trend after resisting at the 34264 area due to current US economic news. The news in specifics is the US NY Empire State Manufacturing Index which came in far worse than expected at -32.90 when forecast was -8.70. I think a descending triangle is forming and a good sell area would be between 33095.9 and 33214. Price may break support and aim to clear liquidity labelled "$$$" and test the one hour order block at 32683 level.
OANDA:US30USDShort
by juwan007
1
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