US30 - Potential Short

12 Dis 2024

Key Observations:
1. Fibonacci Levels:
- The chart displays a Fibonacci retracement with key levels:
- 0.5 (44,065) and 0.382 (43,828) are critical short-term support levels.
- The 0.618 level (44,302) appears to act as resistance.

2. Bollinger Bands:
- The price is near the lower Bollinger Band, which often suggests oversold conditions. However, this doesn't confirm a reversal unless supported by other indicators.

3. RSI:
-The RSI is approaching oversold levels (below 30), indicating potential buyer interest soon. However, the RSI has not yet diverged, suggesting momentum still favors the downside.

4. Trend:
-The overall trend is bearish, with lower highs and lower lows. The recent retracement to 44,302** and rejection indicates the continuation of selling pressure.

Recommendations:
Short-Selling Scenario (Preferred):
- Rationale: The trend remains bearish, and the rejection at 44,302 confirms resistance.
- Entry: Wait for price action near the 44,065level. If it breaks downward and retests, consider selling.
- Take Profit: Aim for the 0.382 level (43,828) or 0.236 level (43,534) as targets.
- Stop Loss: Set a stop above 44,302 to protect against a trend reversal.

Buying Scenario (Riskier):
- Rationale: If the price respects 43,828 or 43,534 and forms bullish candlestick patterns, you could consider a short-term buy for a retracement.
- Entry: Look for a reversal signal at these levels (e.g., hammer or bullish engulfing candle).
- Take Profit: Aim for a move toward 44,065 or 44,302.
- Stop Loss: Set a tight stop just below 43,534


Conclusion:
Currently, the trend is bearish, favoring a sell strategy unless strong reversal signals emerge at key support levels.

Please keep in mind, do not risk more than 1% of your account.
Please comment, like and share this idea. it will help a lot.

12 Dis 2024

Dagangan aktif

Market just broke the 50 Fib Retracement and retest, perfect time for Sell entry. Keep in mind, do not risk more than 1% of account. SL slight up of the big pull up, 44125 will be fine. TP down the 43850

Again, keep in mind do not risk more thabn 1% of account

12 Dis 2024

Dagangan ditutup: sasaran tercapai

As you can see the sell was legit and active. At this point you guys can close the sale and secure profits or let it run if you like. It is up to you.