Hi Folks:
Long time I do not share any idea on indexes, particularly on US30. I am not planning to SHORT INDEXES, never ever will advise to do so as they tend to go up always with some hiccups in between. It is too risky to short. Instead let the price fall and then join the next leg up and get the dividends!
Being said that, I am just sharing the actual scenario. A couple of ascending channels spotted and one descending channel about to hit an important area.
Based on the outcome we will see what comes next. Profit taking for the year end?
Mind that if FED is accelerating tappering and increase rated, money will flow elsewhere quickly so it will start slowly to fall.
Some of the relevant SR levels are in the chart, will keep updating it a bit more regularly as long as it produces some changes.
Cheers
DISCLAIMER: again, NEVER EVER SHORT INDEXES unless you know what you're doing.
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Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.
Long time I do not share any idea on indexes, particularly on US30. I am not planning to SHORT INDEXES, never ever will advise to do so as they tend to go up always with some hiccups in between. It is too risky to short. Instead let the price fall and then join the next leg up and get the dividends!
Being said that, I am just sharing the actual scenario. A couple of ascending channels spotted and one descending channel about to hit an important area.
Based on the outcome we will see what comes next. Profit taking for the year end?
Mind that if FED is accelerating tappering and increase rated, money will flow elsewhere quickly so it will start slowly to fall.
Some of the relevant SR levels are in the chart, will keep updating it a bit more regularly as long as it produces some changes.
Cheers
DISCLAIMER: again, NEVER EVER SHORT INDEXES unless you know what you're doing.
-------------------------------------------------
Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.
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.
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.