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US30 - Technical View
US30 Index.
The price has been consolidating this week after a decent drop in the past few weeks. This correction can be referred to as the fourth wave in the Elliott Wave sequence. The trend line created by the previous lows can be used to check the validity of further shorts on the index; a move above the high of 34816 is likely to invalidate the analysis.
Manage your risk while trading.
The price has been consolidating this week after a decent drop in the past few weeks. This correction can be referred to as the fourth wave in the Elliott Wave sequence. The trend line created by the previous lows can be used to check the validity of further shorts on the index; a move above the high of 34816 is likely to invalidate the analysis.
Manage your risk while trading.
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