Technical Analysis Summary:
Daily Chart (Macro View):
• Trend: Bearish short-term (price is below the moving average, sharp recent drop).
• MACD: Bearish momentum building with a deepening histogram.
• RSI: At 42.22, pointing down – no oversold condition yet, so further downside is probable.
15-Minute Chart (Mid-Term Momentum):
• Trend: Recently broke down from consolidation, failed to reclaim previous high.
• MACD: Strong bearish crossover, deep in negative territory.
• RSI: At 39.20, not oversold – room to fall.
3-Minute Chart (Entry Timing):
• Trend: Weak recovery attempt stalled below moving average.
• MACD: Flat to downtrend.
• RSI: Around 40, suggesting more downside pressure without being oversold.
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Fundamental Context (if relevant to US30):
• Rising geopolitical tensions and weak earnings reports (assumed).
• Dovish Fed fading, bond yields rising — bearish for equities.
• Fear-driven sentiment often hurts cyclical indices like US30.
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Trade Setup (SHORT):
• Entry: 39595 (current price area as per charts).
• Stop Loss (SL): 40087
(Above minor resistance and 15M consolidation top)
• Take Profit (TP): 38650
(Recent support zone, room for price to breathe before demand zone)
US30
Daily Chart (Macro View):
• Trend: Bearish short-term (price is below the moving average, sharp recent drop).
• MACD: Bearish momentum building with a deepening histogram.
• RSI: At 42.22, pointing down – no oversold condition yet, so further downside is probable.
15-Minute Chart (Mid-Term Momentum):
• Trend: Recently broke down from consolidation, failed to reclaim previous high.
• MACD: Strong bearish crossover, deep in negative territory.
• RSI: At 39.20, not oversold – room to fall.
3-Minute Chart (Entry Timing):
• Trend: Weak recovery attempt stalled below moving average.
• MACD: Flat to downtrend.
• RSI: Around 40, suggesting more downside pressure without being oversold.
⸻
Fundamental Context (if relevant to US30):
• Rising geopolitical tensions and weak earnings reports (assumed).
• Dovish Fed fading, bond yields rising — bearish for equities.
• Fear-driven sentiment often hurts cyclical indices like US30.
⸻
Trade Setup (SHORT):
• Entry: 39595 (current price area as per charts).
• Stop Loss (SL): 40087
(Above minor resistance and 15M consolidation top)
• Take Profit (TP): 38650
(Recent support zone, room for price to breathe before demand zone)
US30 Note
BE @ 1:1 RRRTrade closed manually
CLOSED FULL POSITION AS MARKETS CLOSE IN 30MIN AND TRADING WILL BE CLOSED TOMORROW APRIL 18TH FOR THE HOLIDAY WEEKEND (GOOD FRIDAY) 
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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.
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.