US30 On the Hourly, the bears are about to attempt a drop down for a breakout from the Inside Day pattern that price action has been widely consolidating within.
Conservative Take Profit Projections: 43,994 - Low of Inside Day for a Breakout 43,881 - Top of S&R Zone
A complex M-shaped pattern is forming and this may be the last and 4th leg that is typically a long, bearish trend.
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US30 On the Hourly that is in Bearish (directional) Market Bias, a Two Bar Reversal is forming for a continued move to the downside. The candles are moving within a two-tiered, Inside Day pattern for a market pause with no true direction.
A breakout from the Inside Day can either be at the high of 44,104 or low of 43,994.
*Conservative Take Profit Projection to the Downside: 43,994 - Low of Inside Day 43,881 - Start of S&R Zone 43,781 - Low of Inside Day on the 4-Hour Timeframe