US30 Analysis
Trade idea I'm seeing looking at the 1HR Timeframe. Elaborating off of my most recent post, Fed did raise interest rated by another .25% and even being confluent with chart structure we did get a rejection from both the Daily Level & Daily Trend-line and pushed markets down.
I see a possible continuation of the Bearish trend we have, and our supporting price area to possibly reverse markets in my opinion would be 31.7K. This is a strong also strong level being on all timeframes including 4HR & Daily Timeframe. So there is a possibility for price to reverse here, or continue even further down breaking this level and taking us to the next supporting level at 31.4K.
This is just my personal opinion, Trade Safely!
I see a possible continuation of the Bearish trend we have, and our supporting price area to possibly reverse markets in my opinion would be 31.7K. This is a strong also strong level being on all timeframes including 4HR & Daily Timeframe. So there is a possibility for price to reverse here, or continue even further down breaking this level and taking us to the next supporting level at 31.4K.
This is just my personal opinion, Trade Safely!
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