There are numerous reasons why US30 is going long.
Here's why;
- Monthly target of 36700 not yet achieved.
- Since the monthly target is not achieved yet, all price is doing is collecting orders before the uproar begins.
- Strong bullish weekly closure.
- From past experience I know that the previous day candle stick closure indicates that price is bullish.
- Three pin pattern on the 4h timeframe.
- Waiting for price to retest 36105 before moving up.
- Targets are at -27.2 fib level at 36300
Here's why;
- Monthly target of 36700 not yet achieved.
- Since the monthly target is not achieved yet, all price is doing is collecting orders before the uproar begins.
- Strong bullish weekly closure.
- From past experience I know that the previous day candle stick closure indicates that price is bullish.
- Three pin pattern on the 4h timeframe.
- Waiting for price to retest 36105 before moving up.
- Targets are at -27.2 fib level at 36300
Note
There are PMI news today at 3pm GMT. That is when I expect bullish momentum to kick in
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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.