The weekly candle is bearish, the trend is changing to bearish, and the price is falling back into the sideway zone right now. The market is testing the Support Turn Resistance point(34500). The MACD histogram formed the 2nd bar Below zero. Weekly ending at 34625.2.
The MA9 crossed down MA16 on 16th August 2023, the signal confirmed on 17th August 2023. TKM v1.2 has triggered 6 Short entries on US30 contract at the Open price, 34767, Cutloss set at 35500, First profit target is 33500.
This order is still valid and holding. Although the MA9 crossed up MA16 on 15th September 2023, but we will let go this entry because we are still in our existing position, no Stop and Reverse.
Order status: Short 6 contracts for US30 at 34767, CutLoss 35500, First Profit Target 33500.