I don't normally trade the US30, but I would like to start exploring this indices and the large moves it tends to make.
I have marked out my major levels as my monthly support and resistance.
Currently we are approaching resistance of this downward sloping trend line, but if we break through there could be some room to run higher based on the technicals of this pattern.
I would be open to the idea of a pullback to the 200ma before pushing through. Alternatively a push through, and confirmation of breakout before moving higher. That could be a good long trade.
Major levels of resistance above us including the CC golden pocket, and several monthly levels. If this move up, I would consider a good TP at 34,400 - 34,600.
I would then expect a pullback, before potentially breaking through the huge wall above which can bring us higher and execute the wedge breakout.
What are your thoughts?
I have marked out my major levels as my monthly support and resistance.
Currently we are approaching resistance of this downward sloping trend line, but if we break through there could be some room to run higher based on the technicals of this pattern.
I would be open to the idea of a pullback to the 200ma before pushing through. Alternatively a push through, and confirmation of breakout before moving higher. That could be a good long trade.
Major levels of resistance above us including the CC golden pocket, and several monthly levels. If this move up, I would consider a good TP at 34,400 - 34,600.
I would then expect a pullback, before potentially breaking through the huge wall above which can bring us higher and execute the wedge breakout.
What are your thoughts?
Nota
On the short term, my idea for a retrace before entry: Nota
Small long at the monthly levelTrade attivo
Nota
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You would have one last chance to long this bad boy, congrats if you did Trade chiuso: obiettivo raggiunto
200 PIPS just like thatNota
Looking for a new entry that might give me some higher probabilities. Ill be watching the 200MA at 33,850 region. Watch out for this bearish pattern, RSI divergence.
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potential tradeNota
if you avoid getting stopped out this may likely reach the target Nota
that would be tp Trade attivo
Order placed at exact target $33,850 and what a bounceNota
Nice take profit Trade chiuso manualmente
There is some liquidity above, which we may even see a move too. But I would only be willing to let a portion of the trade ride at this point ie. 10% of the original trade. You might get a pop up further to approx $35,200, but there is potential the market could just reverse from here too. Nota
Exactly as predicted
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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.