US30 Short Setup – Bearish Retest Play
Idea: Looking for a short opportunity after a clean break of structure and trendline.
Breakdown:
Trendline Break: The rising trendline (yellow) has been decisively broken, signaling a shift in market structure.
Structure Shift: We saw a strong impulsive move to the downside, breaking previous higher lows and confirming bearish intent.
Key Resistance Zones: Price is now pulling back toward a key supply zone between 44,100 – 44,300, which aligns with previous support-turned-resistance.
Plan: I’m anticipating a potential lower high formation around this zone, followed by rejection and continuation to the downside.
Target Zone: My short target is the demand area around 42,900 – 42,600 where price last consolidated before the previous rally.
Invalidation: If price reclaims and holds above 44,400, the short idea becomes invalid.
Idea: Looking for a short opportunity after a clean break of structure and trendline.
Breakdown:
Trendline Break: The rising trendline (yellow) has been decisively broken, signaling a shift in market structure.
Structure Shift: We saw a strong impulsive move to the downside, breaking previous higher lows and confirming bearish intent.
Key Resistance Zones: Price is now pulling back toward a key supply zone between 44,100 – 44,300, which aligns with previous support-turned-resistance.
Plan: I’m anticipating a potential lower high formation around this zone, followed by rejection and continuation to the downside.
Target Zone: My short target is the demand area around 42,900 – 42,600 where price last consolidated before the previous rally.
Invalidation: If price reclaims and holds above 44,400, the short idea becomes invalid.
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.