US30 Looking at the 4-Hour chart that is in Bearish (directional) Market Bias, the rally has more to go for a potential breakout at the high of the Inside Day pattern at 44,378. And the top of the rally may be around the Swing High of 44,493.
If the bulls breach the Swing High with a candle close past that price, then more moves to the upside, but if they don't even reach or reject that Swing High level of 44,493, then back down again.
US30 Last Call for This Session: It looks like on the Hourly, the bulls want to do a full wick fill that's closer to the previous Shooting Star's high of 44,267. If the bulls close past that price, then they intend to go even higher. But if not, then the bears will eventually show up to drop down and fill the lower wick of the previous Pinbar Hammer and potentially go much lower.
US30 On the Hourly, a Double Inside Day showed up, which means that a BIG move is coming.
There's both an upper wick to fill on the previous, very tall Shooting Star and we now have a tall lower wick to also fill with the previous Pinbar Hammer (that is an aggressive candle), which can lead to either a decent bull run or a new bullish trend.
US30 As a reminder, all of the higher timeframes are aligned again to be in Bearish (directional) Market Bias, which includes the Daily, 4-Hour, and Hourly.
This tall Shooting Star has a very tall upper wick. A bullish candle in the new hour may show up to fill that upper wick, either partially or in full to the candle's high, then head down again. If it doesn't happen right away, the wick will get filled eventually.
This bearish descent from a Shooting Star that signals an Overbought condition is also a top reversal pattern. The bears may create a long bearish trend to finish forming the M-shaped pattern. We'll see if that happens.
US30 Looking at the 4-Hour chart that is in Bearish (directional) Market Bias, the rally has more to go for a potential breakout at the high of the Inside Day pattern at 44,378. And the top of the rally may be around the Swing High of 44,493.
