US30 is always an interesting chart for me to analyse.
we have a ABC directional trend in the red arrows showing us that we could see price reaching a monthly high.
my main focus right now is seeing if price respects the down diagonal parallel channel, if this is the case then we can enter short term buys & Sells from a intraday perspective.
with the sentiment showing around 70% sells right now from the market i am expecting the market movers to continue driving the price higher ultimately to flush everybody out.
therefore i am expecting the Red zonal box to be reached/ touched by the market before seeing a big bullish rally up to the monthly high.
as most of you may know the US30 moves very quickly but also sometimes slowly so lets wait and see what happens throughout the week.
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we have a ABC directional trend in the red arrows showing us that we could see price reaching a monthly high.
my main focus right now is seeing if price respects the down diagonal parallel channel, if this is the case then we can enter short term buys & Sells from a intraday perspective.
with the sentiment showing around 70% sells right now from the market i am expecting the market movers to continue driving the price higher ultimately to flush everybody out.
therefore i am expecting the Red zonal box to be reached/ touched by the market before seeing a big bullish rally up to the monthly high.
as most of you may know the US30 moves very quickly but also sometimes slowly so lets wait and see what happens throughout the week.
Follow our Youtube Channel and please like, subscribe and share!
Social media platforms
Youtube: Learnitempire
Instagram: Vellly
Instagram : Learnitempire
if you connect to our social medias via this trading view post kindly put #Tradingview in our comment section so that we can send you some more set ups directly to you!
Remember
Every day is money day