Following the US30 reaching to the support of the wedge around 25,050-25,100 after my last idea, US30 continued rise back to the 25800 resistance, forming a triple top - within the same day an immediate reaction came when it broke back below the neckline around 25,600 area as a result of reaching the descending trend line resistance converged with the triple top resistance at the significant 25,800 multiple convergence zone.
As a result of dropping below the neck line at 25,600 , the US30 continued to fall within the 'wedge' area reaching close to the wedge support and initial double top target around 24,800-24,900 support zone.
Total points of drop since sell idea published June 25th:
-On the same day -250 point catch to 25,100.
-The next day additional -850 points catch to 24,960 following the bear trend and averaging on the first short position.
A total of 1,100 points in just a single trading day.
The US30 is facing strong bearish indications both fundamental and technical - it's important to take advantage of this rare volatile time.
Get in touch with me to learn more on how to continue trading the US30 and more.
As a result of dropping below the neck line at 25,600 , the US30 continued to fall within the 'wedge' area reaching close to the wedge support and initial double top target around 24,800-24,900 support zone.
Total points of drop since sell idea published June 25th:
-On the same day -250 point catch to 25,100.
-The next day additional -850 points catch to 24,960 following the bear trend and averaging on the first short position.
A total of 1,100 points in just a single trading day.
The US30 is facing strong bearish indications both fundamental and technical - it's important to take advantage of this rare volatile time.
Get in touch with me to learn more on how to continue trading the US30 and more.
