US30 bearish setup; Price at key resistance _ Target at 44400
Technically, US30 price is currently challenging a significant resistance level at 44830. This area has historically been a strong turning point, suggesting a potential reversal. Our entry at 44830 is positioned to capitalize on a confirmed rejection from this level. The stop loss at 44952 provides a tight risk management, placed just above the resistance to invalidate the setup if price breaks higher. The target at 44400 aligns with a prior key support level, representing a likely area for profit taking as the market corrects.
Fundamentally, While the long term outlook for US equities remains largely positive, recent economic indicators suggest some short term headwinds. Reports of a potential slowdown in the services sector and cautious rhetoric from central banks regarding interest rates are creating an environment ripe for profit taking in overextended markets. Additionally, ongoing discussions around trade tariffs introduce a layer of uncertainty that could dampen investor sentiment, providing a fundamental justification for a temporary pullback from current highs.
Entry: Sell at 44824
Stop Loss: 44952
Target: 44400
This is for educational purposes, not a financial advice.
Fundamentally, While the long term outlook for US equities remains largely positive, recent economic indicators suggest some short term headwinds. Reports of a potential slowdown in the services sector and cautious rhetoric from central banks regarding interest rates are creating an environment ripe for profit taking in overextended markets. Additionally, ongoing discussions around trade tariffs introduce a layer of uncertainty that could dampen investor sentiment, providing a fundamental justification for a temporary pullback from current highs.
Entry: Sell at 44824
Stop Loss: 44952
Target: 44400
This is for educational purposes, not a financial advice.
Trade active
Trade active at 44840.
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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.
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.