Overall Trend of the pair is Bearish
Price is making LL and LH at the Daily timeframe.
The current price is bullish trying to get to the possible sell zones.
Right now!
We have two possible setups it depends on how the 4H candle closes.
For a Bullish run, we have
- Price is on top of the support
- Possible Inv. Head and Shoulder formation
For a Bearish...
Weekly timeframe:
In this big timeframe we see that an Inverted Head and Shoulder pattern is made. Were the right shoulder is a
"Bullish engulfing".
>So Us30 opened bearish because price, had to go for the 50% of that big bullish engulfing.
4H timeframe confirmations:
1- Key Zones- Critical level of support 34880 and 34800 been hit and retested (Critical...
Daily side:
We see how price has that bullish momentum on its side. Making proper adjustments in structure and making its fibonacci touch ups.
Also Big Inverted Head and Shoulder made with the big drop.
4H timeframe don't lie
Confirmations:
1- Key zone- support (34820) been broken and touch.
2- Market Structure- we have a possible inverted head and shoulder...
