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Us30short

US30 SHORTThe US30, also known as the Dow Jones Industrial Average, is a stock market index that measures the stock performance of 30 large, blue-chip companies trading on the New York Stock Exchange and NASDAQ. Inversely related to the US Dollar, they move in the opposite direction. A rise in the US 30 signals a decline of the US Dollar and vice versa. On the weekly time frame which represents our long-term outlook we have a bearish set up. The index failed to break a previous high and created a new low. We are witnessing signs of a strong dollar recovery that will result in the bearish continuation of the US30. On the daily time frame, we registered a break in structure. Presently we are witnessing a bullish correction of the bearish impulse move. We have two options of entry; a. The aggressive entry represented by the unmitigated daily supply at 33,500 that broke structure. b. Conservative entry represented by the unmitigated swing supply structure that engineered the move represented by 34,080 price handle. While we do have a bearish imprint on this index, we favour the conservative entry though our analysis shows the aggressive entry is still valid. We have two exits favouring short term (scalpers &day traders) and long-term (swing & position) traders, 30,400 and 28,300 respectively. Our analysis and trade strategy is based on smart money concepts (SMC), particularly supply and demand. We are naturally swing traders with long term market outlook influencing our analysis.
CAPITALCOM:US30Short
by morrisgitau
1
US30 SHORT 27TH MARCH 2023 We have clearly seen a bearish structure from the daily to the hourly timeframe, and also we have see price hit the daily POI as well although not shown here, we also have seen a nice order flow from the 1hr order block which has fueled our bias even more there by giving us more confidence in the direction and and the 15mins order block we are selling off of. Let's see how this plays out ahead of London open... cheers!! remember to use good risk management.
UShort
by Undercover_Trading
DOW JONES (US30) - Short from bearish order block ✅Hello traders! ‼️ This is my perspective on US30. Technical analysis: As we can see here we are in a bearish market structure from 4H timeframe perspective, so I am looking for shorts. I expect price to continue the retracement to fulfill the imbalance higher and then to reject from bearish order block for a short position. Fundamental analysis: Tomorrow we have news events on USD. Federal Reserve of USA planned to raise interest rate by 0.25%, also we have FOMC Press Conference the same day. Due to these news the analysis can be invalidated. Like, comment and subscribe to be in touch with my content!
UShort
by Snick3rSD