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Us30analysis

US30 Outlook, Current levels.US30 currently respecting the 4hr support and respected the trend currently building some upside potentail to become a overall move to the upside. Currently waiting for the market to show us a sign of which direction we are going to be moving in. Looking for large wicks to the bottom and break of recent structure to confirm a move to the upside. Or larger reversal from points of previous structure to be looking to go to the downside. The EMAS (Moving Average will also help to determine with direction will be going in and this starts on the lower timeframe. for now sitting tight and waiting to see what forms. Junior.
CAPITALCOM:US30
by juniorfordwor
US30 Correction All the reasons we could expect the correction in Dow Jones. There all multiples confluences that supports this idea 1.The price has took the liquidity from previous low. The price has strongly rejected the zone 2.The price is also too extended. When price is over extended the immediate action that we could expect form price is a correction. 3. The Most important reason is that if we look at SP:SPX and OANDA:NAS100USD which are strongly correlated to CURRENCYCOM:US30 , they did not take the liquidity form the previous low. This situation is telling us that the us30 was taking liquidity because the other correlated asset did not make the move to the low of the previous low.
ULong
by Wiiso