US30 WEEKLY POSSIBLE SWINGA beatiful set up,i gotta say one of the must accurate set ups are the ones on the weekly and monthly timeframe if the proper criteria lines up and this is one of them,here we got the following confirmations:
1.Price has formed a weekly triple top
2.Reached maximum history high that has been respected in the past years
3.End of a bullish 3rd structure and impulse
So i would love to see a bearish reverse pattern to confirm this and short it for 1 or 2 months to 25500 area
Us30sell
Donald Duck runs USA Not in a million years is price going to break our red resistance zone, this zone is an all time high for US30.
For all you people who think that it will break and continue to rise just answer me this.... How the hell is price going to do this with Donald Duck in charge of your country, when you are in the most debt the country has ever been in, unemployment is rising, crime rate is rising, homelessness is rising... you telling me this is the recipe for a healthy and growing economy?
All the people who think this need to go bang there head against a brick wall and hopefully it knocks some sense into them, because it sure as hell cant knock any sense out if there is none to knock out.
I best end this rant before I get banned off here ;p haha.
Benefit from PEOPLES STUPIDITY.26950 area is very important as this is an all time high price that I can almost guarantee you WILL NOT be broken any time soon.
It doesn't take a genius to work out why this level will not be broken... look at the muppet you have running the country he's like a spoilt little child running around a toy store running up debt and annoying people, The US is the most debt it has ever been in, unemployment is high and crime is up.... Give Mr Trump a round of applause :)
Yet he keeps telling people the economy is fine... this is what he wants you to think so you keep spending money and getting yourself in debt, and most people are too blind to see what's happening... All I know is I'm going to benefit from peoples stupidity.
When the recession hits and most people loose everything because they were blinded by b#llshit do you really think the people at the top of the food chain that caused this crash are going to go broke? NOPE because they knew it was coming and therefore invested in safe havens.
This is my rant over... but expect another 1 pretty damn soon ;p haha.
US30USD - BEARISH - $25100 - $24400US30USD - BEARISH - $25100 - $24400
US30USD is ready... All I am going to say...
It has finally made the real retrace that I have been looking for...
Tested the EMA on the H4 TF...
Which matched up with my volume profile line.
Also tested the last High on the M30 TF.
Now lets look for the continuation...
US30 Short to Demand/ Support ZonesBearish engulfing candle at the retest of the uptrendline here. and if this current H4 candle closes like that as well, it'll be another bearish engulfing on the H4. I can see downside to the yellow zone at least.
Fib retracement levels of .618-.79 on the hourly seems to be holding very well.
The more times US30 touched this trendline, the more prices pushed through it