US30 Rejects Area of Structure While Forming FVG Fair Value Gap
Previous Analysis:
US30 demonstrates very strong price rejection with "BEARISH" price action candles developed in the previously mentioned price range between $38,050 - $37,900. Price appears to be in an "ACCUMULATION phase", low-key consolidation but a wider range of price movement or fluctuation. Its following this phase in market movement we can begin to anticipate a greater push to the downside or a jump up in price value. Either way set your high and low price alerts and let the market lead the way.
Current Analysis:
US30 forms FVG Fair Value Gap, at an area of market structure ranging between the following price points $37,975 - $37,830. If US30 is to demonstrate its continued BEARISH momentum down, I anticipate the price returning to the recently developed FVG, filling it in with price movement, receiving more orders, and rejecting it more continuing the BEARISH 1Hr trend downward.
Enter accordingly:
Entry: When price returns to FVG.
SL Stop Loss: 1%
TP Take Profit: 3%
"Please be advised by no means is this financial advice! Trade responsibly and always limit your loss."
Follow @Peni2Dollarzfx
US30 demonstrates very strong price rejection with "BEARISH" price action candles developed in the previously mentioned price range between $38,050 - $37,900. Price appears to be in an "ACCUMULATION phase", low-key consolidation but a wider range of price movement or fluctuation. Its following this phase in market movement we can begin to anticipate a greater push to the downside or a jump up in price value. Either way set your high and low price alerts and let the market lead the way.
Current Analysis:
US30 forms FVG Fair Value Gap, at an area of market structure ranging between the following price points $37,975 - $37,830. If US30 is to demonstrate its continued BEARISH momentum down, I anticipate the price returning to the recently developed FVG, filling it in with price movement, receiving more orders, and rejecting it more continuing the BEARISH 1Hr trend downward.
Enter accordingly:
Entry: When price returns to FVG.
SL Stop Loss: 1%
TP Take Profit: 3%
"Please be advised by no means is this financial advice! Trade responsibly and always limit your loss."
Follow @Peni2Dollarzfx