currently we are seeing us30 get rejected off a very strong resistance (exactly as predicted) and now it is time for us30 to go way down!
before we go to 33k we are going to need at least 2 major sell offs and i think that the first one is about to happen.
on this chart you can see a rising wedge (bearish pattern). i do think that we will stay in this wedge for a couple of days if not the entire week
once price breaks down from this wedge expect su30 to start selling off for a week or two.
here are some selling points/ targets for you guys:
a good selling point is at 31,729
your first target/ second selling point is at 31,243
your second target/ third selling point is at 30,939
your third target/ forth selling point is at 30,669
and your final target is at 30,22
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once it hits all these targets you can expect some consolidation to occur and that is a good thing because that makes it a lot safer to enter trades at the bottom!
once it does start to push up from the bottom your target is 33k... i will make another post talking about 33k once we do reach our selling targets!
(TAKE TRADE AT YOUR OWN RISK)
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