Due to the news over the weekend, US30 gapped down in price. I believe that this gap will be corrected but price will not make it easy. I think there will be some manipulation and ranges, but price will eventually fill the gap. Waiting for market open volume to come in and push the price bullish. Waiting for a 30m candle close to confirm an entry
1. Price has gapped down and has been trending bullish throughout the Asian and London Session.
2.Price broke out of the range but closed back into the range
3. If price respects the level of support, and can break and close above 33700, there is a strong possibility that price can continue the bullish trend to fill the gap.
4. But If price begins to break its own lows and closes below 33600, price can continue bearish until 33520
1. Price has gapped down and has been trending bullish throughout the Asian and London Session.
2.Price broke out of the range but closed back into the range
3. If price respects the level of support, and can break and close above 33700, there is a strong possibility that price can continue the bullish trend to fill the gap.
4. But If price begins to break its own lows and closes below 33600, price can continue bearish until 33520