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Us30short

US30 THE DOW 30 CRASH, ONE YEAR LATER UPDATE Last year May we saw a potential crash for the Dow Jones 30 due to inflation fears and now what we predicted is finally happening. In our analysis a year ago Dow 30 was trading at 34,644 after reaching highs of 35100 we saw a potential sell signal on the 1W chart which was the formation of a bearish harmonic. this halted our longs and swings on the Dow. So what is Fueling the Dows Crash at the moment? Same thing which was fueling it about a year ago, inflation fears in the US. US investors have lost their trust in the Fed's ability to control inflation even with the current 75 basis points interest hike we saw this week during the FOMC on Wednesday to try and curb inflation, investors believe that the Feds tools have failed. Recent data has shown that inflation is now at its highest in the last 40 years in the US and analysts have predicted a decline in US GDP in the next coming years meaning the US could be facing a recession or is already in one. WHAT TO EXPECT Currently @ 29,900 Next support for Dow 30 is 29,500 so we expect it to reach this support level before short term retracement back to +30,000 Looking at the Covid Crash we expect Dow 30 to fall at least 10,000 points from its highs which were at 36,400 meaning We expect Dow 30 to reach 26,000 before any reversals, Our initial target from a year ago was 23,500 and we still think this might be a possibility. Our positions Active sell positions @ 31,600 & 31,300 from our last analysis link is attached below New positions Sell Limit @ 31,000 TP @ 30,000 Sell Stop @ 29,000 TP @ 28,000 Sell Stop @ 28,000 TP @ 27,000 Buy Stop @ 30,100 TP @ 30,600 Buy limit @ 29,500 TP @ 30,000 Buy limit @ 26,800 TP @ 28,000 Buy limit @ 23,700 TP @ 33,000 Note these are low risk entries link to previous analysis attached below Note: this is just an analysis based on technical analysis & current events. All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
PEPPERSTONE:US30Short
by fxspott
US30 - PRE NY SESSION ANALYSIS - 06092022US30 - PRE NY SESSION ANALYSIS - 06092022 In the last week or so price has had a nice push up and is now hanging out around the 32750 - 33250 range approximately. This week has been consolidation with price bouncing up and down within a roughly 350 point range. On the daily price appears to be resting on a weekly support/resistance level of approximately 32875 Today I am looking for price to either retest recent highs of approximately 33200 and exhibit signs of exhaustion/reversal to then get into a short order targeting recent lows of approximately 32800. If price pushes down after NY open to approximately this 32700 - 32800 level then I will have an eye out for signs of exhaustion/reversal to get into a long position targeting recent highs of approximately 33200. Being patient and waiting for the right entry. Waiting for confluence of support/resistance levels and/or supply demand zones with market structure / candle patterns that indicate price exhaustion/reversal forming. Have a great trading day and I'll try to get back with you today after NY close! Let's get this bag!!!
OANDA:US30USD
by ryanweier
US30 : Intraweek Technical AnalysisUS30 tried to break the resistance of 33300 multiple times this week ,but it was met with huge selling pressure at 33300. The downward trend is still dominant on the US30 because of the recession of the markets and the increasing interest rates. My idea for coming weeks is to enter at 33,300 with target of the support of 33000 and 32,500. Key support and resistance remain at 33300 and 32500. If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics
UShort
by JBShark