Hi Guys,
The US 30 is heading into a zone that may see some resistance and selling pressure.
The red box highlighted on the chart contains the 0.68 fib extension of the covid low to bear market high to bear market low, an important fib level that has taken a while to form and reach. Also the red box contains the 1.13 retracement of the high to the low of the recent correction. Two pretty nice levels to look for some sell opportunities.
Safe Trading all.
The US 30 is heading into a zone that may see some resistance and selling pressure.
The red box highlighted on the chart contains the 0.68 fib extension of the covid low to bear market high to bear market low, an important fib level that has taken a while to form and reach. Also the red box contains the 1.13 retracement of the high to the low of the recent correction. Two pretty nice levels to look for some sell opportunities.
Safe Trading all.
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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.