Short
US30 Top-Down analysis
Overall bearish bias of the index. This setup is high probability due to the confluences, namely:
1. Market Structure
2. Mass Psychology
3. 3-Touch Confirmation
4. Price is still in the process of completing a HTF structure (we are at the middle section right now)
I will go short upon the break of the LTF Head and Shoulders pattern. If a continuation pattern presents itself (e.g. bearish flag) I will scale-in.
1. Market Structure
2. Mass Psychology
3. 3-Touch Confirmation
4. Price is still in the process of completing a HTF structure (we are at the middle section right now)
I will go short upon the break of the LTF Head and Shoulders pattern. If a continuation pattern presents itself (e.g. bearish flag) I will scale-in.
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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.