Previous Analysis:
US30 is BEARISH. With US30 performing a text-book Break and re-test of the area of price structure ranging between $38,050 - $37,900. Its at the area of price structure that the Market has to demonstrate price rejection to continue my "BEARISH" bias.
Current Analysis:
US30 demonstrates very strong price rejection with "BEARISH" price action candles developed in the previously mentioned price range between $38,050 - $37,900. Price appears to be in an "ACCUMULATION phase", low-key consolidation but a wider range of price movement or fluctuation. Its following this phase in market movement we can begin to anticipate a greater push to the downside or a jump up in price value. Either way set your high and low price alerts and let the market lead the way.
Enter accordingly:
Entry: Preferably any price valuation between the High and Low price range; $38,050 - $37,900.
SL Stop Loss: 1%
TP Take Profit: 3%
"Please be advised by no means is this financial advice! Trade responsibly and always limit your loss."
Follow @Peni2Dollarzfx
US30 is BEARISH. With US30 performing a text-book Break and re-test of the area of price structure ranging between $38,050 - $37,900. Its at the area of price structure that the Market has to demonstrate price rejection to continue my "BEARISH" bias.
Current Analysis:
US30 demonstrates very strong price rejection with "BEARISH" price action candles developed in the previously mentioned price range between $38,050 - $37,900. Price appears to be in an "ACCUMULATION phase", low-key consolidation but a wider range of price movement or fluctuation. Its following this phase in market movement we can begin to anticipate a greater push to the downside or a jump up in price value. Either way set your high and low price alerts and let the market lead the way.
Enter accordingly:
Entry: Preferably any price valuation between the High and Low price range; $38,050 - $37,900.
SL Stop Loss: 1%
TP Take Profit: 3%
"Please be advised by no means is this financial advice! Trade responsibly and always limit your loss."
Follow @Peni2Dollarzfx