Unless we see some news come out on tariffs, we could see some downside on US30 today. It is falling inside a wedge pattern right now, and I expect the price action to fall within that wedge with a potential to go down during the New York session. I will be waiting for a break of the upper green zone (around 42150), then a pullback and rejection, to take sells down towards the 42000 (and possibly lower) areas.
I am not looking for any buys on US30 today, unless I see some really big green candles towards the upside during the 9:30 am EST.
I am not looking for any buys on US30 today, unless I see some really big green candles towards the upside during the 9:30 am EST.
Trade active
some tariff related news coming out from the EU and UK. watchout for that downward sloping trendline. if price breaks above it, then NYSE can take price higher.Trade closed: target reached
Target reached. I have closed 90% and only holding the remaining 10%. Cheers and happy weekend!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.