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Us30short

US30 - PRE NY SESSION ANALYSIS - 05112022US30 - PRE NY SESSION ANALYSIS - 05112022 Price has pushed back up to approximately 32450 level over last few hours. Although US Core PPI data is due now at 8:30AM EST, I have still entered a few positions around this 32450 level as the last couple of hour candles showed some signs of exhaustion near the 23.6 fib level and a previous structure lower high. I am targeting 32000, a level which was touched yesterday. If I'm stopped out at 32555 then I will be monitoring price to see if it exhibits exhaustion at higher structure levels near the 38.2 fib around 32700 See you after NY session today! Happy Hunting!
OANDA:US30USDShort
by ryanweier
US30 - PRE NY SESSION ANALYSIS - 05102022US30 - PRE NY SESSION ANALYSIS - 05102022 Price dropped a bit and pulled back during Asian and early NY session. It did not pull back to the zone that I was hoping for which would have lined up with a weekly SR level and 38.2 fib but it has pulled back to the 23.6 fib level which aligns with the structure highs formed over the last few hours. I have entered a short position around 32513 targeting previous structure low of 32080 My stop is approximately at 32620 approximately 100 points above my entry and also above the same structure highs formed over the last few hours at this 23.6 fib level. I will be trailing my stop by approximately 100 points once the trade passes 150-200 points profit. No major news today which is great. Let's see how this plays out :)
OANDA:US30USDShort
by ryanweier
1
US30: Intraday Technical AnalysisUS30 stayed sideways between 32500 and 32300 with false breakout both upside and downside. Today there are a more than three FEDs addresses at different times. My idea is that the US30 will test the supports of 32200 once again and resistance of 32600.My target is entry at 32200 after confirmation of support and my target goal will be 32500 and 32600 for intraday. If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics
U
by JBShark
US30 - POST NY SESSION ANALYSIS - 05092022Price just kind of bounced around today around the new structure lows formed over the last day or so. I am looking for price to pull back up a bit to previous structure lower highs in confluence with a supply/demand zone in that same area as well as a weekly support/resistance level and 38.2 fib. Expect price to move sideways during Asian session tonight and hopefully pullback during early London session, exhibit some exhaustion/reversal signs, and then I will get in with approximately 1:6 RRR which is fantastic. I will see you before NY session tomorrow! Goodnight!
OANDA:US30USDShort
by ryanweier
US30 - PRE NY SESSION ANALYSIS - 05092022US30 - PRE NY SESSION ANALYSIS - 05092022 The bears have continue their push down starting off this new week, getting down into the 32500 range. I anticipate that price will continue to drop as there are no major support levels to hold price up for a good ways. I am looking and waiting for a pullback to previous levels of supply/demand and then exhibit signs of exhaustion and reversal on the lower timeframes up to H1 to consider an sell entry to continue the downward wave. At the time of this writing I don't see that entry opportunity yet but I will have my eye on it. Happy Monday!
OANDA:US30USDShort
by ryanweier
US30 - PRE NY SESSION ANALYSIS - 05062022NFP DAY!!! Since my last post, price has literally just moved sideways. Currently there is very little volume in anticipation of NFP @ 8:30AM EST I don't currently see an entry but I am looking for price to pull back into the 33200-33400 range and exhibit signs of exhaustion/reversal. At that point I will consider and entry but it looks like that is atleast a couple hours away. Also have to take into account that it is Friday and I don't particularly like holding trades over the weekend so I may just sit out today and come back fresh next week unless I see a really good opportunity: 1:3 RRR and SL outside of structure. Let's see what happens today. Watch out for news and Happy Friday!
OANDA:US30USDShort
by ryanweier
US30 - POST NY SESSION ANALYSIS - 05052022THE BEARS ARE BACK IN TOWN. After the push up yesterday following Daddy J. Powell's comments, the market (shocker) has corrected itself and continued with the overall bearish directional bias. IMO the comments made yesterday about the "strength" of our current economic and labor situation were simply a distraction from the fact that they announced the largest interest rate increase since the year 2000. Had they not made these comments, the markets would have not only gone up, they would have PLUNGED. So instead we had this dog and pony show of "everything is fine" while the house is burning in the background. That's why initially the market jumped up 1000 points after this "news" but today the real market factors came back into play and here we have the result. All of the 1000 point gain that was realized yesterday has been completely erased and by all of my measures, the bears are still in control here. I anticipate price to hover sideways during Asian and early London session. I will then be looking to get back in somewhere around good ole 33200-33300 level to continue the ride downwards, targeting previous structure lows. Have a good night and see you tomorrow morning!
OANDA:US30USDShort
by ryanweier
US30 - POST NY SESSION ANALYSIS - 05042022Well that was a doozy! As anticipated, news threw all technicals out the window and pushed price up over 1000 points in 2 hours at the time of this writing. With this new push up we will see where price goes during Asian and London session but it price forms a support at this new 34000 area then potentially we may be looking at a further push up to retest previous levels of support/resistance heading towards 35000. If not, price may run out of gas in this 34000 area and then look to continue the push down to approximately the 33000 or 32500 levels. Have a good night and see you before NY session tomorrow morning!
OANDA:US30USDShort
by ryanweier
US30 - POST NY SESSION ANALYSIS - 05032022Price today pushed down to around 33000 and kind of just hovered between there and 33300 Ranging market full of indecision pending tomorrow's FOMC Meeting. Keep an eye on the news for interest rate decision and other news that can send this moving. I anticipate price will continue in this range of 33000 - 33300 throughout Asian session and early London session tonight. From there I think the bearish move will continue with news fueling this but we will see. Have a good night!
OANDA:US30USDShort
by ryanweier
US30 : Intraday Technical AnalysisAs I said in my previous analysis that US30 is going to test supports of 33000 and 32500. US30 did test 32500 and took support from it with heavy volumes. But because of the FOMC and federal interest rate announcement , I am still expecting that market will test these levels once again. My idea is that bears will try to dominate around 33200-33400 while bulls are going to try to defend 32500. I will take entry at resistance of 33200 and 33400 with targets of 33000 and 32500. If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics
U
by JBShark
2
US30 Sell IdeaUS30 has been trending bearish for weeks and I believe that there will be more bearish continuation. Price is currently ranging after breaking structure to form a new lower low. I think that price is building up liquidity/momentum for the market open before price begins to continue the bearish trend. I and waiting for a break and close of the support level, to then continue bearish with the market volume open. I am in favor of bears but patiently waiting for the signals to make an entry.
UShort
by dreadhead4_life
US30 Following 2008 Crash PatternI was watching the patterns in 2008 crash, and how it might translate into today's situation. Although there are quite some differences between the 2 events. We are having a "war" at this point, and hoping it doesn't escalate. Pray for peace in Ukraine. That aside. I have the image of the 2008 Weekly candle chart pasted for easy reference against the present market candles. If you look up my previous ideas, I have mentioned the same. In 2008, it was a head and shoulders, a break of the neckline, a re-test of the neckline and a further dive down. In the current market, it is not as obvious, but we are making a lower low, on the weekly today (although there is about 6 hours left 'till market closes for the week). As with a couple of weeks prior, a strong rejection bearish candle (1) led to a fall in 4 consecutive weeks. 2 weeks ago, we had a strong rally but held barely under the close of the strong rejection bearish candle (1) shown in orange highlights. With a couple more hours before market closes, I do expect that current momentum holds the candle bearish. Next week, we'll see how the market reacts. Should another bear candle follow, I would anticipate for price to reach lower into a key demand area around 33200.
OANDA:US30USDShort
by geneAnalytics