Hi Traders,
We are so proud of our members. They have been working the US30 and really have accomplished much. Great Job guys.
To our viewers, this analysis is a simple to support and resistance. So price broke the bearish trendline into and bullish trend then broke the 45deg support line into a bearish move. So what now? When the market opens price will probably come down to test the bearish trendline. If it does not break it then we all for a buy to the 28000 to 29000 according to our TP set on the videos.
However if it breaks the support its going down to about 27000.
Anyway guys, watch the charts and take your trades accordingly.
Cheers to Your Profits !!
We are so proud of our members. They have been working the US30 and really have accomplished much. Great Job guys.
To our viewers, this analysis is a simple to support and resistance. So price broke the bearish trendline into and bullish trend then broke the 45deg support line into a bearish move. So what now? When the market opens price will probably come down to test the bearish trendline. If it does not break it then we all for a buy to the 28000 to 29000 according to our TP set on the videos.
However if it breaks the support its going down to about 27000.
Anyway guys, watch the charts and take your trades accordingly.
Cheers to Your Profits !!
Trade active:
US30
Intraday: under pressure.
Target
28060
Pivot
28360
Our preference
Short positions below 28360 with targets at 27840 & 27450 in extension.
Alternative scenario
Above 28360 look for further upside with 28590 & 28890 as targets.
Comment
The RSI is bearish and calls for further decline.
Intraday: under pressure.
Target
28060
Pivot
28360
Our preference
Short positions below 28360 with targets at 27840 & 27450 in extension.
Alternative scenario
Above 28360 look for further upside with 28590 & 28890 as targets.
Comment
The RSI is bearish and calls for further decline.