My possible projection for US30 is to go short. If price doesn't respect my first 4H supply zone, then I'll be looking to enter on the next refined 4H supply zone from the Daily. Make sure you get entry confirmation on a lower timeframe once price taps into any of these zones.
Cheers to a profitable week.
Us30 has been on a bearish rally for some months now.
As structure and impulsiveness of the moves show a Strong Bearish Momentum.
The market mones in a Impulse, Correction(accumulation), impulse structure. As such following this principle we can see that we had a Impulsive move to the Downside in this Bearish channel and is Currently correcting.
It is advisable...
From my perspective based on H1 chart last week rebound at US30 probably was dead cat bounce. Bear is taking charge again. My bias is bearish. The risk for short is above senkou b (I marked as risk area on my chart). Probably we might see the possibily to visit below 30k level again.
Manage your tradr wisely. 🙏🙏🙏
I believe US30 has completed its pullback and it is due to drop 200 pips. My target is at the -27.2 of the Fibonacci level on the 1-hour timeframe. Let's see how it goes!
