US30 Ascending Wedge
As you guys know US30 when trading us30 there is always opportunity for the Bears and the Bulls to make money. Its all about timing and awareness to where you are in the overall setup
I see price pushing down- a correction after this slight impulse move. Price will come down to test the trend possibly in the 32750 area. After price will come back up to test 33500 area. I need price to break the area I have boxed before I jump into a buy. Bullish potential is up to 33900 before falling again. I need price to go up and break 33500 before I comfortable catch a buy. Unless I get in low at the 32800 area and go back up to 33500.
Ascending wedges in the larger time frame for me indicates soon to be bearish move
I see price pushing down- a correction after this slight impulse move. Price will come down to test the trend possibly in the 32750 area. After price will come back up to test 33500 area. I need price to break the area I have boxed before I jump into a buy. Bullish potential is up to 33900 before falling again. I need price to go up and break 33500 before I comfortable catch a buy. Unless I get in low at the 32800 area and go back up to 33500.
Ascending wedges in the larger time frame for me indicates soon to be bearish move
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