US30 - Potential Targets

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How I see it in the shorter term:

KEY LEVEL OF CONFLUENCE, NOW SUPPORT @ 41640.00

Potential "LONG" -
TP 1 = 42355.00
TP 2 = 42890.00

Potential "SHORT" -
(Requires a break and hold below KEY SUPPORT)
TP 1 = 40652.00

Keynote:

Stocks are still not showing the "reversal" type quality and energy.
Upwards might only be a higher TF correction.
On the 4HR TF there is also signs of a potential bearish flag.

Thank you for taking the time to study my analysis

Penafian

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