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Us30short

SHORT POSITIONUS30;TECHNICAL BEARISH:FORECAST US30 (DOW) failure on breakout could lead to a sharp breakdown The psychology of an ascending triangle failure If a bearish breakout occurs, a 1200 point move lower is possible…. Is the breakout to new all-time highs in U.S. blue chip names cause for concern? It will be if certain developments begin to play out soon. Volatility has been low, complacency has set into a market where complacency looks as if it should be replaced with heightened alertness. Today, I am only going to take a look at one particular pattern in one index, however; there are multiple macro developments which at the very least raise caution flags that the entire ‘risk-trade’ could soon come under pressure. I recently went into greater detail on the subject – read here for more. Soon, I will revisit the topics in that article with some additions. The US30 (DOW) has been coiling up into a wedge since the beginning of the year. Traders across all asset classes have felt this constriction in volatility, as price swings in everything from stocks to rates to commodities to FX have become increasingly smaller. To see that, all one needs to do is look at a daily chart of almost anything with the 10-day ATR indicator plotted at the bottom – average daily swings are dripping lower. The US30 during this triangulating process has witnessed nearly a 45% decline in daily price movement. If the following scenario occurs, it is very likely that bigger, maybe much bigger price movement will return. On Monday, the US30 broke out to new all-time highs. How exciting, right? Not so fast…that breakout has already failed, for now at least, and we sit just about where we started the year. Why this fascinates me – when triangles, like the one the DOW is stuck in now, breakout and fall back into the pattern, it had better regain breakout levels soon or it is in real risk of breaking out in the opposite direction. If you find this helpful and want more FREE Updates on TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ 1_GFX English Support Team ❤️
UShort
by AFFINITY_MARKETS
2
us30 will push down right now we are seeing us30 pump due to the fed releasing positive news about the economy.... but i do not think that us30 will hold the current price for very long! i think us30 will start to push down before testing highs again... here are your selling points/ targets: a good selling point is at 33,034 and your final target is at 32,759 once it hits the target i do think that us30 will push up to 31,110 why i think it will push down: currently we are rejecting a major trend line (red trend line) we have rejected this trend line 3 times! (TAKE TRADE AT YOUR OWN RISK)
UShort
by r2d22010
9
us30 could have a 3,000 point sell off!last week we saw markets completely go parabolic (over 1,000 points in 1 week!).... i do think that this is super bearish.. why? because you usually dont see moves like this but when you do it tends to have a sell off right after. here i have another chart showing that 33k is the top for a month or so: on this chart you can see fib tools/a bolinger band indicator. every time it tests/crosses over the top resistance line of the bolinger band we always end up coming down to test the support line(bottom line) currently we are above the resistance bolinger band line which means we could be getting a sell of very soon! not only that! on the second chart you can see that we are very close to crossing that pivot ring (hours away) this means that we could be hours away from a huge move (every time it crosses a pivot ring we tend to have a giant move!) i do believe that we will push down since we do have a lot of tools/indicators showing that 33k is the top. here are your selling points/ targets: a good selling point would be at 33,027 your first target/ second selling point is at 32,342 your second target/ third selling point is at 32,136 your third target/ forth selling point is at 31,482 and your final target is at 29,572 why 29,572? 29,572 is a long term support and on both of these charts (short term charts) (also a long term chart) shows that we could test 29,572 before we go up to 36k! (TAKE TRADE AT YOUR OWN RISK)
UShort
by r2d22010
8
Us30 will start to come down from here!right now we are seeing price test the top of our rising wedge which is a good thing! starting next week we could drop to 32,554 and go up to 32,816 right after.... i do believe that next week we will break this huge rising wedge which will push us down. plan: + price breaks rising wedge +price falls around 400 points +we consolidate after hitting a strong support +hit 33k late march/early april here are your selling/buying points + targets buying point and target(risky trade) a good buying point is at 32,554 and your only target is at 32,816 selling point/ targets: a good selling point is at 32,750 and your first target is at 32,554 (if it does go up to 32,816 that would be a better selling point) your second selling point is at 32,682 and your final target is at 32,363 a good SL would be at 32,830 (TAKE TRADE AT YOUR OWN RISK)
UShort
by r2d22010
3
Us30 is extremely over extended!right now we are seeing us30 rally (its been going parabolic for a few days now) this is super bearish. right now we are going parabolic + we are in a rising wedge. ( could lead to consolidation next week and possibly a sharp sell off in 2 weeks) i do think that we are very close to topping out! here are your selling points/ targets: Yellow Path: a good selling point is at 32,559 your first target/ second selling point is at 32,363 and your final target is at 32,158 red path: a good selling point is at 32,716 your first target/ second selling point is at 32,559 and your final target is at 32,363 once it does hit these targets i do think we will push up before we break out (TAKE THIS TRADE AT YOUR OWN RISK)
UShort
by r2d22010
3