Us30index
US 30 daily analysisMy daily analysis on US 30. The inner trendline at the resistance level was broken and the price has push to level 31430.1, which the now a current resistance. The price may move down to retest level 31201.1 level and it reject, we will see the price pushing up or the price will move further down if the level does not hold.
US 30 daily analysis My US 30 daily analysis on H4. The price is currently on at the resistance level. If the price, push to the up, we will see a breakout, but if the bears hold the position. The price will reject and move down. Let us remember that we're still under the bear market at this moment.
US 30 Dow Jones. Weekly Analysis for 27-01/07/22My weekly analysis for US 30. The market is pushing towards the resistance trendline. If the price breakout of the trendline, we will see the market change the direction. If not the price will still move down as we're still in the bear market. I hope you find value in my analysis. Enjoy.
US30| Bears exhausted to push price lower. Expect reversal!Hello traders,
Let's examine the technical aspect of US30. In the beginning of June, we saw US30 dropping hard and eventually broke below the May 2022 low. Instead of bears keeping the momentum to the downside, the market corrected for about two weeks. Looking at the correction there are some details I spotted that may signal bears exhaustion. The market printed a lower low, another lower low and after that bears couldn't be able to push price lower, instead the market created a lower high which of course tells that bears lack sufficient strength to keep up with the momentum. This correction is a typical inverse head and shoulders pattern. I expect the market to rally to the upside with goal of 33000.
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