Short
US30 UPDATE
Since my previous multi timeframe analysis on US30 everything is still very much valid for the big move to the downside, FOMC tomorrow and i am expecting a 100 BPS hike, which is very bearish for RISK assets and bullish for the USD.
From a technical perspective last week price made a very strong rejection on the zone of confluence.
1. 0.618 weekly fib
2. Previous weekly support turned resistance.
3. Descending weekly trendline
Since the rejection price has formed a LH formation and looks to be printing a beautiful distribution formation just below the trendline, we are looking for any volatility pushes to the upside to pick up orders and take out stops, we have a nice 4H supply we can be looking to short from on the LTF.
From a technical perspective last week price made a very strong rejection on the zone of confluence.
1. 0.618 weekly fib
2. Previous weekly support turned resistance.
3. Descending weekly trendline
Since the rejection price has formed a LH formation and looks to be printing a beautiful distribution formation just below the trendline, we are looking for any volatility pushes to the upside to pick up orders and take out stops, we have a nice 4H supply we can be looking to short from on the LTF.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.