We entered our last US30 position early, but we got a 400-pip move in the process. This is still a key level on the daily. I'm entering from this zone when price begins to consolidate to show signs of support. Until then, use the alerts to notify you if price creates a lower low on the 2-hour time frame. Again, if this area builds support, there is a good chance that we will see a retest of the daily highs. We also have a bullish divergence printed on the chart as well. This rejection could be the start of the bull run to retest the key level on the daily time frame.
If price continues to fall, wait on a solid close beneath the lows then enter the sell on the rest of structure.
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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.