Market Analysis

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@nsg_usd - 2 hours ago
Quoted - asuquokelvin

I won't sell until price takes out the low I circled

That's a valid reason not to sell because price might decide to protect the low and reverse to continue the rally.
Same thing with the trend support, there's no way price invalidates the trend support that it won't invalidate the Low. but at the moment, it is reacting at it at the 0.7038 price level.

N
@nsg_usd - 2 hours ago
Quoted - godspowerdan

US30 sells.

Price spent time accumulating in a range before breaking out. I am looking at this as an accumulation, manipulation, then distribution setup. I am positioned for sells from my key level, targeting the lows.

Entry: 52,888.6

SL: 53,014.1

TP: 52,053.1

I'm not convinced that the resistance level will hold price for sells despite the additional confluence of the trend support being revisited at the 52882-price level as a resistance.
But if price respects the level and sells, then it will be a good short opportunity with SL above 53000 price level, and TP at 52404.

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