Technical Analysis: US30, Shorts into 34040.0 then Longs
We have been observing a sustained period of significant upward movement in the US30 market. Barring any substantial changes in the underlying fundamentals, it is my expectation that the price will persist in its ascent.
The ascending triangle pattern on the daily timeframe recently experienced a decisive breakout.
With a the relatively strong show of money leaving the market
On the 4H timeframe we are seeing some signs of incoming retracement
If we do end up getting the retracement to the point of interest You can seek entry on the lower timeframes such as 30 mins.
I will try to keep this idea updated as price reacts.
Tools used : LuxAlgo
The ascending triangle pattern on the daily timeframe recently experienced a decisive breakout.
With a the relatively strong show of money leaving the market
On the 4H timeframe we are seeing some signs of incoming retracement
If we do end up getting the retracement to the point of interest You can seek entry on the lower timeframes such as 30 mins.
I will try to keep this idea updated as price reacts.
Tools used : LuxAlgo
Nota
Price is not rejecting the projected zone At this point reversal signal or trend signal can be used as entry I am going to wait for a trend based signal but for reversal a signal has already been printed
Trend base outlook
Nota
It is also worth noting we have a bullish divergence on price Pesanan dibatalkan
C Nicholas Downie
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
C Nicholas Downie
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.