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Us30short

US30USD: Losing MOMENTUM after the CHANNEL'S BREAKOUTHello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the US30, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Top Down Technical Analysis: The market as been following a huge descending channel since a while, and just recently we could see a breakout to the upside. Considering the potential double top (which it hasn’t reached yet) and the correctively way it’s actually moving, there is a possibility that the breakout will fail and the price could come back inside the main structure. When, where and why would we step into the market? The price, in LTF is still moving to the upside, and we would wait the breakout of the double top, studying the price action in that specific zone. In the scenario of reversal impulse following by a breakout of the LTF rising wedge, we would definitely be looking for a short term short trade, following the potential momentum reversal.
Don’t forget that overall the impulse is still rising up, and the market after the current breakout, could just spend more time above the resistance marked on the chart, forming a bigger structure for further bullish movement.

Always study the price action, react on it without trying to chase the move! If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
OANDA:US30USDShort
by Cybernetics_tl
18
US30 SHORTFinishing up this week we can see price is wanting to initiate downside liquidity. With the Cot Reports coming out Tuesday and release to the public on Friday evening leading to promising sells due to the Nasdaq investors and institutions have a heavier number in sells than buys. Not to much of a difference with the Bulls being 15,662 & 16,145 in sells. With the numbers being so close we can see a slight momentum to finish of the week but a new push going into Monday of next week.
UShort
by hollowbanks412
US30 Bullish Reversal or Bearish Continuation?Us 30 has pulled back into a range where it can potentially drop again to the downside. This may only be able to happen if price stays below 34259.35. If price stays below we could possibly see price fall back down to 28598.73. However, and it is a big however, if price pushed past 34259.35, this could be a massive move for traders or investors looking for reasons to buy back into the stock market. Especially since the dollar index has just reversed. Let us see how the next few daily candles close to provide us evidence of which way price wants to go. Thanks for reading❤️📖
EIGHTCAP:US30
by ShaquanLopez