US30 - SELL IDEA
The US30 (Dow Jones Industrial Average) 45-minute chart shows a potential short setup based on the Elliott Wave analysis. The price appears to have completed a corrective wave (b) and is now heading lower in wave (c). The 1.618 extension level at 40,822.86 serves as a potential target for this downward move.
This suggests a bearish outlook for US30 in the near term. Traders may consider short positions, targeting the 40,822.86 level, which could be a significant support area if the wave count holds.
This suggests a bearish outlook for US30 in the near term. Traders may consider short positions, targeting the 40,822.86 level, which could be a significant support area if the wave count holds.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.