US30 Sell Ideaif we look at H1 timeframe, we will see nice double top. After 2 hours when New York session starts, we may see nice bearish candlestick.
Us30sell
us30 short idea acsending channel presented multiple touches on the trendlines. looking for short positions.
YHKFX.
Good Luck
US30 - PRE NY SESSION ANALYSIS - 05252022US30 - PRE NY SESSION ANALYSIS - 05252022
Price appears to be breaking down as I post this video.
After yesterday's push up, price hung out in the 31900 - 32050 range during Asian/Early London session.
I got in to the positions I have now at approximately 32040 and my ultimate target is 31000.
Trailing stops at 100 points after price.
Let's see what happens, I'll be back with you after NY session!
Happy trading!
US30 to 30540US30, has been on a bearish trend since last week, and continues to break previous structure of lower lows. We now see US30 pulling back to re-test this 1MIN supply zone we identified as a strong resistance. If we break above, then this analysis becomes invalid.
Lets see how this plays out.
US30 - PRE NY SESSION ANALYSIS - 05232022US30 - PRE NY SESSION ANALYSIS - 05232022
Price has pushed back up to the zone/previous level of structure in the 31400 - 31600 area.
It appears that it is retesting this previous structure before it continues with the overall bearish sentiment evident on the higher TFs.
I am looking for price to fully pull back into this zone, my sweet spot I am targeting is 31500 - 31650 with a 100 point stop which will put my SL outside recent structure highs.
However, I will only enter in this area if I see signs of exhaustion/reversal forming on the M5, M15, M30, and/or H1 TFs.
Let's see what happens but this can potentially be an easy 1:3 minimum RRR trade.
Have a great trading day and see you after NY session today!
US30 Weekly Outlook - Where are we headed?! - 05232022US30 Weekly Outlook - Where are we headed?! - 05232022
Last week was absolutely crazy for US30!
There was a HUGE drop on Thursday 05192022 with a lot of volatility throughout the week.
The sentiment on US30 is still definitely Bearish in my opinion.
On the monthly we are seeing a huge bearish candle with 9 days left. We're also pushing down to the 38.2 fib level on the monthly timeframe beginning from the bottom of the Covid drop in March 2020 and the subsequent bull run.
On the weekly we are seeing this reinforced by higher highs and higher lows forming while price is breaking thru previous levels of support.
Most recently this past Friday 05202022 price broke past a Weekly level of support/resistance at 30958.
It then pushed back up late Friday session however it is very likely that this level will get retested again in the near future.
On the daily, H4, and H1 timeframes we are seeing further confirmation of this with actually very clean structure forming lower highs and lower lows on these TFs.
I have adjusted my fib down to this new low of approximately 30650 which was hit on Friday.
I anticipate price will push back up the previous structure highs formed in confluence with a 38.2 fib level and H4 supply/demand zone in this same area.
If this occurs and price exhibits signs of exhaustion/reversal then I will be looking to get into another sell position, targeting recent lows.
100 point stop above structure, 1:2 RRR minimum, begin trailing stop at +150 points leaving a 100 point buffer.
I'll see you tomorrow morning pre NY session.
Enjoy the rest of your Sunday!
US30 - PRE NY SESSION ANALYSIS - 05172022US30 - PRE NY SESSION ANALYSIS - 05172022
Price has been pushing back up so far this week.
Overall from the macro perspective I believe we still are in a bearish market.
However, price is breaking above previous structure highs on the lower TFs.
With this in mind, I have my eye out to see what price does over the next hours/days.
If price continues to push up and forms a floor of support where structure was previously resistance then I may be targeting short term buy opportunities to ride this push up which appears to be a pullback on the higher TFs.
I will have my eye closely on this push up to also see if it begins to run out of gas near levels of supply/resistance and exhibit signs of exhaustion/reversal.
If so, then I will be looking to get back into a sell order to continue with the overall larger bearish trend.
Some significant US sales data news today @ 8:30am and Daddy J. Powell is speaking @ 2pm, other than that smooth sailing the rest of this week with US news.
Happy trading and see you after NY session today!
US30 Potential Sell- Impulsive break of structure
- Liquidity swept
- Imbalance
- Fresh Order Block/Supply area.
Let's see what happens...
US30 - POST NY SESSION ANALYSIS - 05132022US30 - POST NY SESSION ANALYSIS - 05132022
Price bounced around today, didn't go in the direction of my target.
I got stopped out around 32050.
A couple hours later I re-entered when price started to show exhaustion around the 32050 level which I was previously stopped out at.
This was showing some confluence with the MA 66 as a static resistance on the H1 timeframe, along with exhaustion showing on the lower timeframe; M15, M5.
I set my stop clear out of structure at 32150.
Initially price went in my direction about 100 points.
Then it pushed straight back up to my SL at 32150.
Did not re-enter and price has just bounced around from about 32200 to 31900.
The weekly candle is closing exhausted bearish, this upcoming week might be a pullback, possibly looking for short term buys.
I have entered 1 small re-entry order at 32159 which I'm going to leave thru the weekend with my usual 100 point stop at 32260.
Let's see if I get stopped out right at market open or what happens.
Time to enjoy my weekend; relax, a little backtesting/wsa video watching/reading, and prepare for a new week :)
Have a great weekend!
US30 - PRE NY SESSION ANALYSIS - 05132022US30 - PRE NY SESSION ANALYSIS - 05132022
As anticipated, price pushed back up during Asian and London session and is now hanging out around the 32000 level.
I have entered a sell position @ approximately 31960 with a 100 point stop which is clearly above previous recent structure lower highs.
There is also confluence in this area with the MA 66 acting as a static resistance, the 23.6 fib level, and a random support/resistance level which is also behaving as resistance at this time.
I am anticipating for price to drop to retest this week's previous low of approximately 31200 which is my TP.
I'll be moving my stops into profit as it starts heading in my direction.
If I get stopped out I'll probably call it quits for the week unless I see price pullback to the 38.2 fib level and show signs of exhaustion/reversal to consider a re-entry.
No major US news today which is good.
Good luck today and see you after NY session this afternoon!
US30 - POST NY SESSION ANALYSIS - 05122022US30 - POST NY SESSION ANALYSIS - 05122022
Nice trading day today locking in about 300 points.
Got in at 11AM EST on a 15min exhausted bullish candle with a big wick.
Entered approximately 31800 and rode down to 31500.
Price has since pushed down further to approximately 31200.
Over the next hours of Asian and London session I am looking for price to pullback to approximately this same 31800 - 32000 level.
If it does, I will be looking for exhaustion/reversal patterns forming with confluences of being near previous structure highs, fib PRZ levels, and supply/demand areas.
By the end of this week, price may potentially drop all the way to the weekly support/resistance level of approximately 30900.
Have a good night and see you before NY session tomorrow!
US30 - PRE NY SESSION ANALYSIS - 05122022US30 - PRE NY SESSION ANALYSIS - 05122022
At the time of this post price is currently around 31600 and appears to be running out of gas.
During Asian and London session price has continued to push down.
US - PPI news at 8:30AM EST so we will see what effect this has.
Currently I don't see any entry for my edge, there may be some short-term countertrend buy opportunities but I am not targeting those.
I am going to wait for price to pull back up to previous levels of structure, aligning with support/resistance levels, supply/demand zones, and fib levels while price is exhibiting signs of exhaustion/reversal to get back in on another sell order to continue riding the downward wave.
Have a great trading day and see you after NY session today!
US30 - POST NY SESSION ANALYSIS - 05112022US30 - POST NY SESSION ANALYSIS - 05112022
Now THAT was a trade!
After my last post, price DROPPED after the negative US - PPI news.
I was in around 32450 and right at 8:30AM she dropped to the floor, at one point going as low as 31800.
I secured profits the whole way down starting at 1:3 RRR approximately at 32150.
Hit my TP of 32000
Had a trailing stop running, moved it all the way down to 32050 as price was around 31900.
Price came back and stopped me out shortly after NY market open @ 9:30AM
I was away from my station but in retrospect, price went back up around my previous entry point and exhibited beautiful exhaustion along with a double top around this 32500 level roughly.
Anyone in the market at that time could have gotten a sweet 1:5 - 1:6 RRR trade.
Awesome trading day, completely satisfied with my gains!
Let's see if we have a fresh high probability opportunity tomorrow morning :)
Have a great night!
US30 - PRE NY SESSION ANALYSIS - 05112022US30 - PRE NY SESSION ANALYSIS - 05112022
Price has pushed back up to approximately 32450 level over last few hours.
Although US Core PPI data is due now at 8:30AM EST, I have still entered a few positions around this 32450 level as the last couple of hour candles showed some signs of exhaustion near the 23.6 fib level and a previous structure lower high.
I am targeting 32000, a level which was touched yesterday.
If I'm stopped out at 32555 then I will be monitoring price to see if it exhibits exhaustion at higher structure levels near the 38.2 fib around 32700
See you after NY session today!
Happy Hunting!
Dow Jones Prediction H1Here is my view for US30 on H1. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
US30 - POST NY SESSION ANALYSIS - 05102022US30 - POST NY SESSION ANALYSIS - 05102022
Big drop today as expected but unfortunately I was stopped out and didn't reenter :/
Price is now bouncing around 32100 and I am looking for a pullback with signs of exhaustion/reversal for another bearish entry.
Let's see what Asian and early London sessions bring in.
Have a good night!
US30 - PRE NY SESSION ANALYSIS - 05102022US30 - PRE NY SESSION ANALYSIS - 05102022
Price dropped a bit and pulled back during Asian and early NY session.
It did not pull back to the zone that I was hoping for which would have lined up with a weekly SR level and 38.2 fib but it has pulled back to the 23.6 fib level which aligns with the structure highs formed over the last few hours.
I have entered a short position around 32513 targeting previous structure low of 32080
My stop is approximately at 32620 approximately 100 points above my entry and also above the same structure highs formed over the last few hours at this 23.6 fib level.
I will be trailing my stop by approximately 100 points once the trade passes 150-200 points profit.
No major news today which is great.
Let's see how this plays out :)
US30 - POST NY SESSION ANALYSIS - 05092022Price just kind of bounced around today around the new structure lows formed over the last day or so.
I am looking for price to pull back up a bit to previous structure lower highs in confluence with a supply/demand zone in that same area as well as a weekly support/resistance level and 38.2 fib.
Expect price to move sideways during Asian session tonight and hopefully pullback during early London session, exhibit some exhaustion/reversal signs, and then I will get in with approximately 1:6 RRR which is fantastic.
I will see you before NY session tomorrow!
Goodnight!
US30 - PRE NY SESSION ANALYSIS - 05092022US30 - PRE NY SESSION ANALYSIS - 05092022
The bears have continue their push down starting off this new week, getting down into the 32500 range.
I anticipate that price will continue to drop as there are no major support levels to hold price up for a good ways.
I am looking and waiting for a pullback to previous levels of supply/demand and then exhibit signs of exhaustion and reversal on the lower timeframes up to H1 to consider an sell entry to continue the downward wave.
At the time of this writing I don't see that entry opportunity yet but I will have my eye on it.
Happy Monday!
US30 - POST NY SESSION ANALYSIS - 05062022Price has just been bouncing around all day after NFP.
No real direction just bouncing back and forth between 32900 and 33100
I think the bearish momentum is still definitely intact.
Will continue to be looking for shorts starting off this new week.
Enjoy your weekend and see you pre NY session on Monday!
US30 - PRE NY SESSION ANALYSIS - 05062022NFP DAY!!!
Since my last post, price has literally just moved sideways.
Currently there is very little volume in anticipation of NFP @ 8:30AM EST
I don't currently see an entry but I am looking for price to pull back into the 33200-33400 range and exhibit signs of exhaustion/reversal.
At that point I will consider and entry but it looks like that is atleast a couple hours away.
Also have to take into account that it is Friday and I don't particularly like holding trades over the weekend so I may just sit out today and come back fresh next week unless I see a really good opportunity: 1:3 RRR and SL outside of structure.
Let's see what happens today.
Watch out for news and Happy Friday!
US30 - PRE NY SESSION ANALYSIS - 05052022Happy Cinco de Mayo!
Daddy J. Powell sent the market soaring 1000 points with his bullish remarks despite runaway inflation and economic contraction last month.
I think the bullish bias from larger timeframes may still be intact.
We will see where the market goes over the next few hours. May stay out today we'll see.
US30 - POST NY SESSION ANALYSIS - 05042022Well that was a doozy!
As anticipated, news threw all technicals out the window and pushed price up over 1000 points in 2 hours at the time of this writing.
With this new push up we will see where price goes during Asian and London session but it price forms a support at this new 34000 area then potentially we may be looking at a further push up to retest previous levels of support/resistance heading towards 35000.
If not, price may run out of gas in this 34000 area and then look to continue the push down to approximately the 33000 or 32500 levels.
Have a good night and see you before NY session tomorrow morning!
