Hi traders
US30 on my radar next week
1. Currently B wave being formed
2. High probability chance of divergence in H1 timeframe
3. About to hit 40k as round number/psychological number
4. Liquidity at 39230 price level OB
5. After every sharp push upwards, there has to be a correction against that push (EXPANDING, RUUNING, REGULAR FLATS)
6. Wait for a slow CORRECTIVE move upwards towards 40k to give a confirmation of a drop
ENTRY: 40000
STOP LOSS: 40160
TAKE PROFIT: 39228
US30 on my radar next week
1. Currently B wave being formed
2. High probability chance of divergence in H1 timeframe
3. About to hit 40k as round number/psychological number
4. Liquidity at 39230 price level OB
5. After every sharp push upwards, there has to be a correction against that push (EXPANDING, RUUNING, REGULAR FLATS)
6. Wait for a slow CORRECTIVE move upwards towards 40k to give a confirmation of a drop
ENTRY: 40000
STOP LOSS: 40160
TAKE PROFIT: 39228
Trade active
Trade closed: target reached:
Take profit has been hit.