US30 Short: Daily Trend Line Resistance, Range 1- Overall Downtrend on 1D
2- Price is currently testing the daily trendline resistance
3- There is also a strong Daily resistance
4- Range bound for last 3 days
5- Will go short once the price breaks the support area
Us30update
Our Stop Loss at Break even @ 30140 TP1 @ Fridays High Following our entry at the beginning of the hour OUR STOP LOSS is at Break even @ 30140 TP1 @ Fridays High
Manage the trade accordingly we will not be moving our STOP LOSS NOW until at least the next hour.
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US 30 daily analysis Us 30 daily analysis on 1H chart. The overall market is bearish, as per the market direction. The price is below my trendline at the higher timeframe. Price has respected a resistance level. Therefore, one should look for selling opportunities in this market more than buying. check my weekly analysis.
US 30 weekly analysisUS 30 weekly analysis on a 4H chart. The market is still bearish at this point. The price has given us a retest before turning and moving down. if one has to take a trade, one will have to wait for the price to breakout of the support first or the price reject at the support and only after that you can take a trade.
US 30 daily analysisThis the US 30 daily analysis on the 1H chart. The price has now reject at the support for the second time now, as we see it moving up. This gives us the opportunity to wait and see what will take place at the resistance level if the price reject one take a sell order and if the price break it. it will mean one can take a buy.
US 30 daily analysisMy US 30 daily analysis on 1H chart. The price is currently at the resistance level. We may see the price moving down to retest the support level. If the price respect it it will push to the upside and if not, we will see the price moving down as we all know that the market is bearish at this moment.
US30 Preparing for anothe drop!!US30 (4h) has rejected from a very important monthly resistance with a daily bearish engulfer. Currently price has grabbed liquidity on this 4H session and preparing for a drop as price action is highly bearish with multiple rejection.
A sell trade is high probable.
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