US30 has broken the trendline and if we see a close below, we can expect the market to move even further down.
Last week we respected the trendline but without any success. There was a spike to 34000 and then we went back down below the line.
If this week closes below 32700 you can take shorts from there with SL at around 33800 (high risk). You can also wait for the retest of the (then) broken trendline (probably when the fed changes its interest rates to 0.25 instead of 0.5 every month).
Trading Plan: none- wait and enjoy your day off.
Last week we respected the trendline but without any success. There was a spike to 34000 and then we went back down below the line.
If this week closes below 32700 you can take shorts from there with SL at around 33800 (high risk). You can also wait for the retest of the (then) broken trendline (probably when the fed changes its interest rates to 0.25 instead of 0.5 every month).
Trading Plan: none- wait and enjoy your day off.
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