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US30 - SELL IDEA
The US30 (Dow Jones Industrial Average) 45-minute chart shows a potential short setup based on the Elliott Wave analysis. The price appears to have completed a corrective wave (b) and is now heading lower in wave (c). The 1.618 extension level at 40,822.86 serves as a potential target for this downward move.
This suggests a bearish outlook for US30 in the near term. Traders may consider short positions, targeting the 40,822.86 level, which could be a significant support area if the wave count holds.
This suggests a bearish outlook for US30 in the near term. Traders may consider short positions, targeting the 40,822.86 level, which could be a significant support area if the wave count holds.
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