US30 Potential Retracement.
Hi there,
The US30 looks bearish and shows that it is hitting a support area on the RSI. It might pulse up into the supply area (the shaded area) and then drop again to 42998.32, which could result in an EW 2, but if we break below the EW 2 target area, the market will potentially drop even further.
Overall, the market is bullish; it has a strong bullish sentiment.
Happy Trading,
K.
Not market advice.
The US30 looks bearish and shows that it is hitting a support area on the RSI. It might pulse up into the supply area (the shaded area) and then drop again to 42998.32, which could result in an EW 2, but if we break below the EW 2 target area, the market will potentially drop even further.
Overall, the market is bullish; it has a strong bullish sentiment.
Happy Trading,
K.
Not market advice.
Trade closed: target reached
That is fine
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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.