US30 - SELL IDEA
The US30 chart on the 45-minute timeframe is displaying a bearish setup following the completion of wave (b). The chart suggests that the index could be heading lower toward the 1.618 Fibonacci extension level at approximately 40,822.86, which represents the target for wave (c).
This bearish outlook is aligned with the Elliott Wave principle, indicating that the downtrend could gain momentum as the market progresses. Traders might consider this target as a potential point for taking profits or as a level to watch for possible price reversals or further bearish continuation.
This bearish outlook is aligned with the Elliott Wave principle, indicating that the downtrend could gain momentum as the market progresses. Traders might consider this target as a potential point for taking profits or as a level to watch for possible price reversals or further bearish continuation.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.