US30 looks to be reversing on the high (daily) timeframe. it made a perfect M formation and has now closed below the 50 ema on the daily timeframe.
when price is below the 50 EMA it indicates a down trend vice versa
price may retest the 50 ema before going down.
NOTE : price pulled back to the 618 on fibs (daily timeframe)
looking for price to reach the 200 ema on d1 timeframe
when price is below the 50 EMA it indicates a down trend vice versa
price may retest the 50 ema before going down.
NOTE : price pulled back to the 618 on fibs (daily timeframe)
looking for price to reach the 200 ema on d1 timeframe