Chart patterns and timing work hand in hand.
Last week, the US30 has been consolidating for the 2nd week while creating lower highs and lower lows.
A similar pattern has happened jus about 2 months ago in July as the price rose to a high, consolidated for close to 3 weeks, and fell like a waterfall.
Straight to the point, traders can consider selling US30 right now with a stop loss just above the previous high (must be higher than 27000).
Profit targets at 26400, 25800 and 24800.
Last week, the US30 has been consolidating for the 2nd week while creating lower highs and lower lows.
A similar pattern has happened jus about 2 months ago in July as the price rose to a high, consolidated for close to 3 weeks, and fell like a waterfall.
Straight to the point, traders can consider selling US30 right now with a stop loss just above the previous high (must be higher than 27000).
Profit targets at 26400, 25800 and 24800.
