Us30index
US30 is preparing for a drop!US30 (4H) has formed a reversal pattern after a fake move to the upside. Price currently has bounced from the monthly Doji and started a local downtrend with bearish price action. There is a possibility for the price to continue to drop it has already grabbed liquidity.
US 30 daily analysisMy daily analysis on US 30. Based on the higher timeframe the price is at the resistance level and that. is an area of confluence. The are two things to take place 10 price breaking the resistance level and making move to the up or 2) the price respecting the level and moving down with the selling position.
US30 Idea H1Here is my view for US30 on H1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
US 30 daily analysisMy daily analysis on US 30 on H1 chart. The price is at a resistance level, therefore we may see two things taking place. 1) price moving down to retest the support level or breaking it and pushing down, as we are still in the bear market. or 2) we will see the price pushing up and breaking the resistance. We just need to wait for one of the two.
👉 US30 Strong resistance. US30 Strong resistance. fracture of the ascending channel movement. potential for price to return to lower support levels
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US30 updated analysisUS30 is in a local uptrend for this entire month. As the monthly candle closed as a bullish candle, we could potentially see a further uprise to the monthly Doji or liquidity zone. As the support shown is daily 20EMA and previous resistance where possible buy opportunity may arise.
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US30 (Dow Jones) Sell SetupFOMC and GDP numbers for Q2 loom large next week. With an interest rate hike, coupled with a higher than expected number for the GDP, a risk off environment will kick off, sending the USD pushing higher and the markets will begin a bear leg.
* The US will be in a technical recession if those numbers come in higher than expected, as this would make it two quarters in a row with bad GDP numbers.
* If price breaks the high of the SZ, then the setup is invalidated.
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