US 30 LIVE MARKET ANALYSIS
US30 currently trending bullish. From the "current market price", looking forward to price going the "supply zone" as well as price heading for a third touch of the upper trendline in the "reversal pattern", which is the rising wedge. As we know, a rising wedge is a reversal chart pattern.
So we have two confluences that are giving us reasons to "short" (sell) Dow Jones (US30).
1. Supply zone
2. Rising wedge
Entry lookout price @36267 with a tight SL @36723 and our last expected TP @31632. Giving a 1:10 risk/reward ratio.
So we have two confluences that are giving us reasons to "short" (sell) Dow Jones (US30).
1. Supply zone
2. Rising wedge
Entry lookout price @36267 with a tight SL @36723 and our last expected TP @31632. Giving a 1:10 risk/reward ratio.
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