US30 - SELL IDEA

Looking at the US30 30-minute chart, I can see a clear pattern indicating a potential downward move. The market appears to have completed a corrective wave (b) after a five-wave upward structure. Now, it seems poised for a continuation of the decline, targeting the 1.618 Fibonacci extension of wave (c), which aligns with the price level around 40,840.31.

This setup suggests a bearish opportunity, where the index may experience further downside pressure. It's a situation where short positions could be considered, with profit targets aligned with the Fibonacci extension level. The current price action and wave structure support this outlook, making it a potentially favorable trade.