US30 Sell Technical AnalysisUS30 Sell Technical Analysis
The US30 Dow Jones Industrial Average is currently showing a downtrend on the 1-hour chart, as evidenced by the descending trendline and multiple failed attempts to break above resistance. The Stochastic indicators also suggest overbought conditions, with the potential for a downward movement as momentum appears to be weakening. Additionally, previous rejections at the resistance zone highlight seller dominance in this range. A break below the support levels could accelerate selling pressure, making it a favorable setup for a short position.
Us30shortanalysis
US30 USD meltdown (Shorts from 38400.0)My bias for US30 has turned bearish due to the recent Wyckoff distribution that unfolded on the higher time frame, validated by a change of character and a break of structure. This confirmation prompts me to seek selling opportunities to support the downward trend.
I will be targeting sells around the 20-hour supply zone, which recently triggered a Break of Structure (BOS) to the downside. Once we experience a pullback, I will seek a redistribution pattern on lower time frames to initiate sells in line with the prevailing trend.
Confluences for US30 sells are as follows:
- Price played a Wyckoff distribution on the higher time frame and had a CHOCH.
- Continuous breaks of structure have occurred to the downside with strong momentum
- Few clean supply zones have been left including the recent 20hr supply.
- ATH's has been taken, and enough liq has been grabbed to start pushing price down.
- still lots of liquidity and imbalances below that needs to be mitigated.
P.S. Alternatively, I will wait for the daily demand. If price continues to decline, I can capitalize on a retracement back up to the supply zone, making buys a potential option this week. Wishing you all a successful trading week!
Market Dynamics: Large Players Enter as Price Reaches Highs
The price has been on a significant bullish rally, breaking historical highs. This suggests that the price has encountered strong buying interest, indicating the presence of buy-side liquidity. From a technical perspective, this suggests that a retracement may be imminent.
As further confirmation, on the daily chart, we can see that the price reached the liquidity of its previous high and swiftly reversed, creating a breaker pattern. If the price continues to decline, it is likely to experience a shallow retracement to prevent buyers from recovering all their losses.
Additionally, in the highlighted area, we can clearly observe a decrease in buying activity and an increase in aggressive short positions. This could be an indication of the involvement of institutional or large traders, and it's something to keep a close eye on.
Furthermore, the catalysts scheduled for tomorrow add more weight to the possibility of a correction. In my experience, this type of price action often occurs before significant market-moving events. A significant correction is highly probable.
For setting stop-loss (SL) levels, I've shared both aggressive and conservative ideas. I've also provided take-profit (TP) levels based on Fibonacci retracement levels at -272 and -618, with the last one indicated by the white line on the chart.
Please note that trading involves risks, and it's essential to use proper risk management techniques and consider your own trading strategy and risk tolerance when making trading decisions. This analysis is for informational purposes only and should not be considered as financial advice.
us30 short continuationif us30 continues on the market maker cycle it will continue to go short for friday and create level 2 short, and break past the previous days price.
us30 pulled back to the 6.18 fib retracement on the daily chart. we still have lots of space before it reaches the 0 retracement line
US30 ShortThe price formed a bearish pennant triangle, and the price broke the trendline heading towards a major resistance zone. If the price closes above the trendline by the end of the day, then the bullish rally may continue. If the zone offers some resistance, and the price happens to close below the trendline, we will wait for the price to retest the zone, then sell @ 31350, sl @ 31900.
Tp 1 @ 30800 , Tp 2 @ 30250 and Tp3 @ 29700.
Remember, risk 1-3 % of the account.
US30 SCALP SELL 3:1 RRSaw that we had taken buyside liquidity and Asian session lows were still intact -- that was the target i was aiming for and it was achieved.
US30 Analysis 02-14-22US30 tanked last week and I don't think the damage is done yet. I think price can continue bearish once market open volume enters the market. If price begins to breaks its lows, price can continue bearish.
1.Market broke structure.
2.Price formed a low
3.Price is rejecting level of consolidation
4. If price breaks below34610, price can continue bearish to retest the lows
US30 strongly probable can go downHello traders
here you are, my analysis for today the high probable scenario is continuation of down trend that accurated yesterday, when nice oblic support was broken.
As you see us30 is doing its pullback then it can go down again.
targets: 35829/35781
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