Technical Analysis Overview:
1. Daily Chart:
• Price has retraced sharply into resistance (near 41,300–41,400), rejecting the 200-day EMA zone.
• MACD still negative but turning up—suggests potential for a failed bounce.
• RSI at 55.33—approaching overbought in a corrective move, ripe for reversal.
2. 15-Min Chart:
• Bearish divergence forming on RSI with lower highs.
• MACD is turning down with momentum fading after a recent high around 41,665.
• Price has broken short-term moving average support, with momentum shifting down.
3. 3-Min Chart:
• Clear bearish structure with lower highs and lower lows.
• MACD and RSI confirm short-term weakness.
• Price hovering near local support (around 41,302), if broken, would confirm further downside.
⸻
Fundamental Context (Macro):
• FOMC & NFP results (recent) suggest continued uncertainty in interest rate direction.
• US manufacturing and employment data have shown mixed signals—equities vulnerable to downside corrections amid macro volatility.
• Seasonally, May is often a pullback month (“Sell in May”).
⸻
TRADE IDEA – SHORT US30
• Entry: 41,295 (current price at resistance zone)
• Stop-Loss (SL): 41,670 (above recent intraday high and 15-min resistance)
• Take-Profit (TP): 40,500 (prior support zone on 15-min chart)
US30
1. Daily Chart:
• Price has retraced sharply into resistance (near 41,300–41,400), rejecting the 200-day EMA zone.
• MACD still negative but turning up—suggests potential for a failed bounce.
• RSI at 55.33—approaching overbought in a corrective move, ripe for reversal.
2. 15-Min Chart:
• Bearish divergence forming on RSI with lower highs.
• MACD is turning down with momentum fading after a recent high around 41,665.
• Price has broken short-term moving average support, with momentum shifting down.
3. 3-Min Chart:
• Clear bearish structure with lower highs and lower lows.
• MACD and RSI confirm short-term weakness.
• Price hovering near local support (around 41,302), if broken, would confirm further downside.
⸻
Fundamental Context (Macro):
• FOMC & NFP results (recent) suggest continued uncertainty in interest rate direction.
• US manufacturing and employment data have shown mixed signals—equities vulnerable to downside corrections amid macro volatility.
• Seasonally, May is often a pullback month (“Sell in May”).
⸻
TRADE IDEA – SHORT US30
• Entry: 41,295 (current price at resistance zone)
• Stop-Loss (SL): 41,670 (above recent intraday high and 15-min resistance)
• Take-Profit (TP): 40,500 (prior support zone on 15-min chart)
US30 Dagangan ditutup: hentian tercapai
MARKET GAPPED UP OVER WEEKEND, SL TRIGGERED
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.
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.