US30 @ Strong Bearish Zone of 1200+ Pips Profit Target..
📉📊 US30 Market Analysis: Bearish Outlook! 📉📉
Traders, here's a comprehensive analysis of the US30 (Dow Jones) index:
US30
📉 Breakdown of Ascending Trendline: US30 has experienced a significant breakdown below the ascending trendline, accompanied by a strong bearish candle. This signals a potential shift in market sentiment towards the downside.
📉 Double Top Pattern Confirmation: A double top chart pattern has formed at the top of the trend in the H4 timeframe, indicating a bearish reversal. This presents a swing trading opportunity.
🎯 Target Zones: Upon the breakdown of the neckline, we can confirm the target zone for this swing trade, with potential profits exceeding 1200 pips, aiming for a level around 37300 from the previous 38500 level.
📊 Volume Confirmation: The increase in volume towards the selling side further validates the bearish outlook, particularly as it coincides with the breakdown of the 50EMA.
Stay vigilant and be prepared to capitalize on this bearish movement in the US30 index! 📉💼 #US30 #DowJones #BearishOutlook
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Traders, here's a comprehensive analysis of the US30 (Dow Jones) index:
US30
📉 Breakdown of Ascending Trendline: US30 has experienced a significant breakdown below the ascending trendline, accompanied by a strong bearish candle. This signals a potential shift in market sentiment towards the downside.
📉 Double Top Pattern Confirmation: A double top chart pattern has formed at the top of the trend in the H4 timeframe, indicating a bearish reversal. This presents a swing trading opportunity.
🎯 Target Zones: Upon the breakdown of the neckline, we can confirm the target zone for this swing trade, with potential profits exceeding 1200 pips, aiming for a level around 37300 from the previous 38500 level.
📊 Volume Confirmation: The increase in volume towards the selling side further validates the bearish outlook, particularly as it coincides with the breakdown of the 50EMA.
Stay vigilant and be prepared to capitalize on this bearish movement in the US30 index! 📉💼 #US30 #DowJones #BearishOutlook
Your likes, follows, and comments mean the world to me and keep me motivated to deliver the best content possible. Thank you for being part of this journey with me.
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Traders, an important observation on US30:
🔍 Triple Top Formation: US30 is showing signs of forming a triple top pattern, indicating a potential reversal in the trend.
📉 Key Order Block: Keep an eye on the identified order block, as it could serve as a critical level for price action.
🕯️ Awaiting Bearish Confirmation: Watch for the formation of a strong bearish candle at or near the triple top formation. This could signal a potential entry point for short positions.
📉🚀 Entry Strategy: Once the bearish candle confirms the reversal, consider initiating your entry positions accordingly to capitalize on potential downward movement.
Stay vigilant and be ready to act as US30 approaches this important price structure! 📊💼 #US30 #DowJones #TripleTop #TradingOpportunity