US30 ( TRYING TO CREATE A NEW HISTORICAL PEAKS ) ( 1D )
Updated
US30
HELLO TRADERS
TARGET LEVEL :
HELLO TRADERS
- TENDENCY : the price stabilizing above turning level , indicates is under bullish pressure
- TURNING LEVEL : between 39,855 and 39,106 level , this range of level strong , if the price stabilizing this range create a new resistance level , breaking 39,106 it will trying to reach a support level
- PRICE MOVEMENT : the price in previously can be created a strong range between 39,855 and 39,106 called turning level , in the last weekly price stabilizing 39,106 , after rising to 40,275,
- currently price 40,026 , in my think need a corrective before reach a new historical peaks , if the price breaking turning level active bearish zone .
- PRICE ACTION : two conditions
- LONG CONDITION : have two cases to rising for reach a resistance level , first case the price corrective 39,855 before rising to resistance level at 40,987 , second case price breaking 39,855 by open 4h candle below this level reach 39,106 after rising .
- SHORT CONDITION : if the price breaking 39,106 by open 1D candle below this level reach a support level at 38,027 , then stabilizing this level reach a 37,258 .
TARGET LEVEL :
- RESISTANCE LEVEL :40,987 , 41,776
- SUPPORT LEVEL 38,027 , 37,258
Trade active
Trade active
- stable above turning level , retest a turning level before rising to reach resistance level .
- stable below turning level reach a support level .
TARGET LEVEL :
RESISTANCE LEVEL :40,987 , 41,776
SUPPORT LEVEL 38,027 , 37,258
Trade active
Trade active
reach target , know the price corrective before rising
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