Hey everyone, This is my first published chart markup for US30. Feel free to any advice, questions, or comments. Thanks
Market analysis: Bearish.
Price is currently in my golden zone area. I am looking for price to possibly come back to the 50%, then selling off down to the 1.
Currently price is playing around my 38.2 cont. zone. so keeping my eyes on it right now. If price closes below my 38.2% and shows me a sell candle, that may be a good sell entry for me. If not then waiting for 50 or 618 retracement.
Background Info:
My trading team and I are currently doing a 3 pair challenge where we pick 1 fx pair, energy/metal and indice pair. us30 being mines.
First I want to start off by saying this is a indice pair which moves very fast for me. When I trade indices, I like to do quick snipe entries and exits. Trailing SL.
I markup support and resis. lines on the 1hr chart and then place my fib. on a 15min chart.
Looking for entries off the 15 or 5min chart.
Market analysis: Bearish.
Price is currently in my golden zone area. I am looking for price to possibly come back to the 50%, then selling off down to the 1.
Currently price is playing around my 38.2 cont. zone. so keeping my eyes on it right now. If price closes below my 38.2% and shows me a sell candle, that may be a good sell entry for me. If not then waiting for 50 or 618 retracement.
Background Info:
My trading team and I are currently doing a 3 pair challenge where we pick 1 fx pair, energy/metal and indice pair. us30 being mines.
First I want to start off by saying this is a indice pair which moves very fast for me. When I trade indices, I like to do quick snipe entries and exits. Trailing SL.
I markup support and resis. lines on the 1hr chart and then place my fib. on a 15min chart.
Looking for entries off the 15 or 5min chart.