Expecting some upside on the US30
US30
Here on the 4 hour chart, we can see price action forming an expanding wedge. Knowing there is are still imbalances to the upside that are likely to get filled before any more dramatic moves down, I'm looking for the bulls to take control around the ATR of 33189 where I'll be bidding this market. This area will be the 3rd push on the wedge, meeting ATR and likely to see RSI around the 20. The ultimate situation will see the 4 HR chart finish as an SFP at this level. My stop loss is set below the next swing low and I'm targeting the top of the expanding wedge, which is also a major swing high.
The prophet of profits,
The Meditrader
Here on the 4 hour chart, we can see price action forming an expanding wedge. Knowing there is are still imbalances to the upside that are likely to get filled before any more dramatic moves down, I'm looking for the bulls to take control around the ATR of 33189 where I'll be bidding this market. This area will be the 3rd push on the wedge, meeting ATR and likely to see RSI around the 20. The ultimate situation will see the 4 HR chart finish as an SFP at this level. My stop loss is set below the next swing low and I'm targeting the top of the expanding wedge, which is also a major swing high.
The prophet of profits,
The Meditrader
Comment:
Level is approaching. Eyes out traders. This could be setting up perfectly...
