US30: A Bullish Candlestick Pattern Appears at the Support Level
Recently, US30 has arrived at a key support level of $32000. As we forecasted in our previous US30 analysis, the price had more rooms to drop, eventually testing the yearly low of $32200 level.
We can see that past prices have bounced up from this level. Clear bullish candlestick patterns can be seen to support the start of each correction. As we zoom in current 4-hour chart, we can see a doji-star followed by an engulfer candle. This is a bullish sign which could indicate the start of a correction from this level.
US session today should provide more directional momentum.
Seller should halt the sell entries as the bullish signals take place
We can see that past prices have bounced up from this level. Clear bullish candlestick patterns can be seen to support the start of each correction. As we zoom in current 4-hour chart, we can see a doji-star followed by an engulfer candle. This is a bullish sign which could indicate the start of a correction from this level.
US session today should provide more directional momentum.
Seller should halt the sell entries as the bullish signals take place
