Short
US30 Smooth Retracement? 21.07.2021
The index was performing well yesterday 20.07.2021, more than 500 dollars with stop at price/index 34,600 USD.
Potential retracement at price 34,360 USD.
>> The Fibo retracement to at least 61% of the move might be possible, considering the volatility these days.
>> The problem with indices is that the Stock market is open after 16:30 EEST and then is where usually prices move rapidly.
>> If the retracement does not happen before the stock market opening, better to not have open positions, especially during the opening.
Potential retracement at price 34,360 USD.
>> The Fibo retracement to at least 61% of the move might be possible, considering the volatility these days.
>> The problem with indices is that the Stock market is open after 16:30 EEST and then is where usually prices move rapidly.
>> If the retracement does not happen before the stock market opening, better to not have open positions, especially during the opening.
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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.