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Us30bearish

US30: Bearish Momentum with CPI-Driven VolatilityTechnical Analysis The price dropped about more than 500 points as we mentioned previously, and is still under bearish momentum because already broken the bearish correction which is 44410. So as long as trade is below 44270 and 44410 it will drop to touch 43900, on the other hand, we have a CPI effect Today that will be expected with more than the previous result, in this case, will support the bearish movement for indices, especially realizing more than 2.7%. due to the high volatility, we have a bullish correction till 44300 or 44410. Key Levels: Pivot Point: 44270 Resistance Levels: 44410, 44590, 44750 Support Levels: 43900, 43760, 43490 Trend Outlook: Bearish Momentum previous idea:
OANDA:US30USDShort
by SroshMayi
US30 USD meltdown (Shorts from 38400.0)My bias for US30 has turned bearish due to the recent Wyckoff distribution that unfolded on the higher time frame, validated by a change of character and a break of structure. This confirmation prompts me to seek selling opportunities to support the downward trend. I will be targeting sells around the 20-hour supply zone, which recently triggered a Break of Structure (BOS) to the downside. Once we experience a pullback, I will seek a redistribution pattern on lower time frames to initiate sells in line with the prevailing trend. Confluences for US30 sells are as follows: - Price played a Wyckoff distribution on the higher time frame and had a CHOCH. - Continuous breaks of structure have occurred to the downside with strong momentum - Few clean supply zones have been left including the recent 20hr supply. - ATH's has been taken, and enough liq has been grabbed to start pushing price down. - still lots of liquidity and imbalances below that needs to be mitigated. P.S. Alternatively, I will wait for the daily demand. If price continues to decline, I can capitalize on a retracement back up to the supply zone, making buys a potential option this week. Wishing you all a successful trading week!
OANDA:US30USDShort
by Hassan_fx
US30 finally breaking down? (sells from 39000.0)My bias for US30 this week is bullish, anticipating a further upward movement before encountering a 2-hour supply zone around 39000.0. Afterward, I expect a slowdown and distribution within this area before a potential downward move. Upon receiving confirmation on lower time frames, selling could target the new trendline liquidity above the 23-hour demand zone. If this scenario doesn't unfold initially, I'll wait for a break in structure to the downside to buy back up, as the overall trend remains bullish. My confluences for US30 Sells are as follows: - Price changed character to the downside on the higher time frame - Lots of liquidity to the downside i.e. trend line liquidity and equal lows. - We've experienced lots of bullish pressure and now bulls are getting exhausted. - Nice supply zone left on the 2 hourly that caused the move to the downside. - In order for price to keep going up it must retrace for healthy price action to continue. P.S. Given the shift in price action to the downside on higher time frames, it appears that a bearish trend is beginning as bullish momentum wanes. Nonetheless, it's crucial to stay flexible and responsive to price movements, adapting to whichever direction it ultimately takes.
OANDA:US30USDShort
by Hassan_fx
x2 Potential Sharks 🦈🦈US30 - Looking at 2 potential sharks here, bullish and bearish playing within the 3D range, 3D TF & Higher is bullish, D is bearish, we had a BOS on the daily. (Price is currently hovering around that level) I'm looking at the blue (Bullish shark) completing first (If price breaks below the Asia low) then taking a long from the DL once completed, up-to the D point of the other shark to cover imbalances and take out trapped liquidity. Let me know your thoughts?
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by benalistarfx
US30 BEARISHNot looking for price to break this level here, with my .01 position open my SL is at the top and would roughly cost me $250. A win to TP would be $500 On Friday El President came out and said he and his wife has the COVID. Market has opened and thankfully gapped up. I am expecting price to drop. I have been expecting price to return to November 2016 the week of the election where price gapped up which should allow for better selling opportunities. Fundamentally speaking I don't see why price opened up and not down, but that's ok. I am expecting Trump to tweet something which will begin to drop price. For me risk management is key here. I am only dropping .01 lots as my goal is to swing. One lot open, and I will watch how the market moves before opening up another trade. Maybe I get in at a high price, which lowers my risk, or I wait for confirmation that price is indeed bearish. One or the other will happen. This is the only US anything I will be trading moving forward.
OANDA:US30USDShort
by SSJNat