US30 Is Very Bearish! Short!

19 בספט׳

Please, check our technical outlook for US30.

Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish

The market is testing a major horizontal structure 41,801.97.

Taking into consideration the structure & trend analysis, I believe that the market will reach 40,853.86 level soon.

P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.

Like and subscribe and comment my ideas if you enjoy them!

20 בספט׳

הערה

Great beginning for a trade, let’s hope it goes further!