Quick update on US30.
We've seen price pickup bearish momentum, and i see the possibility of the continuation until we get to 32.5K - Which is our Monthly Support level. So there's a chance that we could get a Bullish reversal from here, along with the supporting downward Trend-Line that I have marked off. As you see once price reaches that Trend-Line we've gotten bullish moves. But this possibly being the third time price touches this Trend-line, theres a higher chance that we could potentially see price break through, then reverse afterwards.
Being confluent with those two things, it makes me confident in taking this setup overall.
This is just my personal opinion, Trade Safely!
We've seen price pickup bearish momentum, and i see the possibility of the continuation until we get to 32.5K - Which is our Monthly Support level. So there's a chance that we could get a Bullish reversal from here, along with the supporting downward Trend-Line that I have marked off. As you see once price reaches that Trend-Line we've gotten bullish moves. But this possibly being the third time price touches this Trend-line, theres a higher chance that we could potentially see price break through, then reverse afterwards.
Being confluent with those two things, it makes me confident in taking this setup overall.
This is just my personal opinion, Trade Safely!