US30 ANALYSIS 23.02.2024
1) AO has shown a decline and is likely to form a LH (Lower High), indicating a potential shift in trend from bullish to bearish.
2) Anticipating a divergence between price movement and indicators, suggesting a loss of bullish momentum.
3) Expecting a temporary upward movement in market structure before a continuation of the downward trend.
4) Utilizing Fibonacci retracement levels to identify optimal selling points, with levels between 1.236 and 1.618 deemed suitable for sell decisions.
5) The current price approaching a trendline, which could act as resistance, reinforcing the potential for a downward movement.
2) Anticipating a divergence between price movement and indicators, suggesting a loss of bullish momentum.
3) Expecting a temporary upward movement in market structure before a continuation of the downward trend.
4) Utilizing Fibonacci retracement levels to identify optimal selling points, with levels between 1.236 and 1.618 deemed suitable for sell decisions.
5) The current price approaching a trendline, which could act as resistance, reinforcing the potential for a downward movement.
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