Considering some fundamentals, and confluence of technicals, im shorting us30
We all know pain is coming, this is my prediction
Us30 has retraced to a previous support and the top of a channel. I believe Us30 will continue its final leg of the bear market, first trapping buyers with a fakeout out of the channel
If you are still bullish, you deserve to lose moeny
Us30 currently in demand zone. Needs to close the gap before going lower
Looking to short us30 based on the following analysis.
Things not looking good for NAS. Nothing fancy. Just some price action and liquidity zones
Dow has yet to enter into correction territory. Dow has now reached the key fib level and a move to TP1 would take down into correction zones. I do believe a big shock is needed to achieve this. Im hoping the ukraine/russia confilict could be it. Other fundamentals to consider is the 4 rate hikes planned as well as the contracting USA GDP
Im looking at shorting US30 based on the following bearish divegence on daily
Short IDea based on key Supply Zone and Bearish Divergence
Us30 has retraced to the 61.8 Fib level and based on my fib extension the next target is at a key demand zone. A price to my entry level will mean some bearish divergence confirming my short
Bearish Divergence on Weekly Reversal Candle on Weekly
This is my trade at open today. Fundamentals : Dollar has dipped against major currencies = cash flowing into equities No major news ahead Big Tech trading above price pre market Technicals : Nas rejected key level with strong move above key level Rejection of the 61.8 will signal a long for me
This trade is looking good. I would have liked price to come up higher first before dropping
Looking for a retracement on AUDUSD towards the 68 level then long
Descending channel forming within ascending channel on daily. price under 50 EMA under. Lower highs forming.
Us30 Tested supply zone and trend ine numerous times on 15min. Macd Cross on 15 min. Going long