US30 Short! SWing

9. Aug. 2023

I hate to be the "bearer" of bad news but I believe the bull run is short lived and over. Price has tapped into and rejected at a supply zone. It is all down hill from here. The technical information on the chart is saying that the Dow Jones has peaked! The Fundamentals seem to be lining up against commodities too. The Jobs numbers are weak, The Fed has risen rates alarmingly fast...and now I believe the consequences will be felt. The US30 has posted its first bearish Order Block (Weekly Time Frame) since June that sell signal just so happens to line up in a supply zone. It is signaling a massive sell off. If you decide to take this trade. Please use proper risk management.