US30 > Can We Launch a Short Entry Here?!
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Analysis of #US30
here we have market broke from its rising channel as I have predicted a relfie rally to the downside is coming, but this is not much of a break it only a 1.5% drop.
As we can see prices is up against its previous trend line support which now turned to resistance, and if we look closer we see market participant ar trying to hang in there and buying the dip as it has been the case for some time now.
I don't think it's short yet if you look closer to structure level I draw on the chart the market seems to find some support here but close below 28286 will open the room for more downside
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Check today analysis below⠀
_____________________________________________________________________________⠀
-DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only⠀
-⚠ Please Note This Is Just a Prediction and I Have No Reason to Act on It and Neither Should You
Analysis of #US30
here we have market broke from its rising channel as I have predicted a relfie rally to the downside is coming, but this is not much of a break it only a 1.5% drop.
As we can see prices is up against its previous trend line support which now turned to resistance, and if we look closer we see market participant ar trying to hang in there and buying the dip as it has been the case for some time now.
I don't think it's short yet if you look closer to structure level I draw on the chart the market seems to find some support here but close below 28286 will open the room for more downside
⠀
Check today analysis below⠀
_____________________________________________________________________________⠀
-DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only⠀
-⚠ Please Note This Is Just a Prediction and I Have No Reason to Act on It and Neither Should You
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