US30 ********* ⏳4 Hour chart 🎲 Possible entry analysis ⛳️ Possible bull/bear target 📚Educational
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1️⃣ Minor head and shoulder around September high 2️⃣ 2800.00 Key dynamic resistance/Support 3️⃣ US 2020 election outcome will be a key driver 4️⃣ .50 Fibonacci and October low bounce 5️⃣ Parabolic price move expected as June, Sep, Oct high forming a Parabolic structure 6️⃣The 02 uptrend trend line was broken 7️⃣ Technical support - Neutral Ahead of Election results 8️⃣ Short term bullish movement towards 28000 9️⃣ June high Immediate resistance 🔟 june low Possible - Bear target #️⃣ Overall Bullish trend
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📉 Technical bias-H4-Neutral
Below 200 Exponential moving average 200EMA acting as immediate support - Bearish trend Possible entry point-28000 Relative strength index - Around 60 well above the neutral area MACD- Is still above the line and about to cross the line and the histogram is still green ,Oscillators are pointing upward Stochastic -at 75 Which is over bought territory Ichimoku cloud -cloud is red-Cloud Support-Bear Bollinger band- Price is around higher band-Middle band will acting as dynamic support/resistance
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Key reversal area's 26000 Key psychological level 26550 September month high 26040 Dynamic support and resistance 28000 Key psychological level-Major key reversal area 29000 October month high 28000 Possible entry- Bearish 27150 -Alternative entry-Bullish
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Bearish entry #US30
Entry price - 28000
Take profit 01 - 27100 Take profit 02 - 26000 Take profit 03 - 25200
🚫 Stop lose 28450
Alternative Bullish entry-27100
⬇️ 10.29% drop expected ⤴️ Account growth 1.59 :10.29 ✅ Risk reward ratio 1 : 6.47
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