Panjang

US30 long idea

110
While the market structure confirmed bullish yesterday, I expect the price delivery to continue bullish towards FOMC meetings. I anticipate the move to be already priced in. However, if bullish price action continues, expect a deep retracement lower with the news, before a continuation higher. If you observe the pattern formed on the 15M, an inverted head and shoulder has been printed despite being in a range. this 2nd leg could be the accumulation of long positions for a draw to at least 33532 with a safe target at 33457

Long term target is 33532. safer target at 33457

Penafian

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