US30 longHere is why:
- Price broke all time highs, therefore there is evidence of price going higher
- The monthly, weekly and daily candlestick closures are showing evidence that price is definitely going higher.
- On the 4 hour timeframe I can see that price has reached a major level of resistance. However, there is no convincing rejection, indicating that price is going higher.
- I would have to wait for a convincing buy pattern, before I enter long. Therefore I am waiting for buy confluences to form on the 4 hour timeframe. Moreover, I would have to wait for the New York session before I make any move.
Us30longsetup
US30 Alert: Key Sell Opportunity and Potential Bullish Surge!Greetings Traders!
Brief Description🖊️:
Today, I am focusing on trading the US30, with an interest in taking a selling opportunity to reach the H4 bullish order block.
Things I Have Seen👀:
Liquidity Engineering🔄: Currently, price is engineering liquidity right above the H4 bullish order block using a retail pattern (support zone).
Confirmation Buy Zone🟢: Once the price reaches the H4 bullish order block, I will look to buy against the sell stops (stop losses) upon confirmation.
Bullish Targets📈:
-1st Objective (H1 Buy Stops): Anticipating price having to reach into the H1 buy stops, which is high probable.
-2nd Objective (Daily FVG): Anticipating a minor bullish run to reach and potentially fill the DAILY timeframe Fair Value Gap (FVG).
What's Important Now❗
Time is crucial. I only trade indices during the New York session morning and afternoon due to the favorable volatility. Stay observant for real-time developments.
Stay tuned for a video analysis on the US30.
Best Regards,
The_Architect
Long US30- Classic bullish setu
SUGGESTED TRADE:
Swing Trade
Long US30
Entry - 32740
Stop - 32600
Take - 33100
Risky Trad
US30 seems to be bottomed out After bad CPI numbers US30 managed to get to 28600 which is previous low.
Scenario 1. US30 is currently forming a kind of double bottom or "W" pattern, it will be confirmed as it breaks the neckline which is around 30312-30473. Breaking that zone would confirm that's its double bottom. Target of this pattern is usually the size from bottom to the neckline. which is at 32410.
Scenario 2. As you can see only 4hour candle chart, US30 is also forming up descending broadening wedge i.e. bullish chart pattern (said to be a reversal pattern) breaking out of this and would make our new target on top of the descending broadening wedge.
If you look carefully at fibs 0.382 (30790) seems to be like the important area which US30 must break and create support above it in order to move higher
Entry: breakout of neckline
TP1 : 0.618 fib (32129)
TP2 : 32564
TP3 : 34296
S.L : 2%
Remember I will be only taking trade as it breaks and creates support above the neckline
Trade safe.