Long
US30 long idea
While the market structure confirmed bullish yesterday, I expect the price delivery to continue bullish towards FOMC meetings. I anticipate the move to be already priced in. However, if bullish price action continues, expect a deep retracement lower with the news, before a continuation higher. If you observe the pattern formed on the 15M, an inverted head and shoulder has been printed despite being in a range. this 2nd leg could be the accumulation of long positions for a draw to at least 33532 with a safe target at 33457
Long term target is 33532. safer target at 33457
Long term target is 33532. safer target at 33457
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.