🔻 US30 Reversal: How the Indicator Gave the Short from the Top
Yesterday, the ELFIEDT – X-REVERSION indicator gave stacked SELL signals near the very top of the move on US30 (15m chart) — before the full selloff began.
🧠 Here's how disciplined traders could have executed it step-by-step:
1️⃣ Signal Confirmation
A double “DOWN” label printed at the close of a large bullish candle.
This is where most retail traders are still buying — but the indicator identifies it as potential exhaustion.
2️⃣ Immediate Action Plan
Once the bar closed, a short trade could be entered at market or on a minor pullback.
✅ Stop-loss is always placed just above the signal candle’s high.
This setup offers minimal risk and sets up a great R:R profile.
3️⃣ Trade Progression
The next few candles confirmed rejection.
Even after some sideways chop, price continued lower — eventually giving up 400+ points from the signal area.
4️⃣ Why It Worked
Price was overextended.
RSI confirmed reversal (bearish momentum shift).
Signal printed on the close, giving live execution opportunity — no repainting.
✅ Key Lesson: The strongest trades with this system come when you follow the rules without hesitation. The signal doesn't lag — it prints at the very edge of emotion and momentum.
💡 Bonus Tip: If you trade other US indices like NAS100 or SPX at the same time — when they all print reversal signals simultaneously, the move is usually stronger.
📍 This was a textbook short setup using X-REVERSION.
Yesterday, the ELFIEDT – X-REVERSION indicator gave stacked SELL signals near the very top of the move on US30 (15m chart) — before the full selloff began.
🧠 Here's how disciplined traders could have executed it step-by-step:
1️⃣ Signal Confirmation
A double “DOWN” label printed at the close of a large bullish candle.
This is where most retail traders are still buying — but the indicator identifies it as potential exhaustion.
2️⃣ Immediate Action Plan
Once the bar closed, a short trade could be entered at market or on a minor pullback.
✅ Stop-loss is always placed just above the signal candle’s high.
This setup offers minimal risk and sets up a great R:R profile.
3️⃣ Trade Progression
The next few candles confirmed rejection.
Even after some sideways chop, price continued lower — eventually giving up 400+ points from the signal area.
4️⃣ Why It Worked
Price was overextended.
RSI confirmed reversal (bearish momentum shift).
Signal printed on the close, giving live execution opportunity — no repainting.
✅ Key Lesson: The strongest trades with this system come when you follow the rules without hesitation. The signal doesn't lag — it prints at the very edge of emotion and momentum.
💡 Bonus Tip: If you trade other US indices like NAS100 or SPX at the same time — when they all print reversal signals simultaneously, the move is usually stronger.
📍 This was a textbook short setup using X-REVERSION.
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Disclaimer
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.
Join us to get free access to all indicators we created!
Disclaimer
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.