Us30 lookin loonngggg

1 févr. 2021

In the 30 min time frame I found a good buy opportunity. I like to use ABCDE and Elliot Wave Pattern to identify trends which has proven successful in past trends for me. I used both of these here which was a double confirmation for me that buyers will gain control very soon. My RSI also confirmed a rising trend which is just above the 50th and my ADX which shows a bullish trend is developing. You can also see that MA's have crossed. Now I'm just waiting for a good retest on the trend line to place a buy because you DO NOT want to mess with Us30, I have been there it sucks, but if it uses it as resistance I will sell. If it does go long I can expect it to reach 30500 and maybe even higher to 31000. It's also dangling around a major zone which confirms me that a major move is to be expected. I just gotta be patient now. :)

Any comments are welcome, I am a beginner/intermediate trader always looking to learn more. :)

3 févr. 2021

Note

Well Us30 moved exactly as I predicted, if you took this trade you made some major profits. :)