Towards downside to follow trend momentum and take out equal lows
Daily candles always tell a story Push into fib area which aligns with previous key levels Liquidity tapped and wick rejection to upside Break of structure
US30 waiting for push to level and a bounce off for continuation. if price breaks there will be continuation to downside and change of trend
Retail seniment to sell this H&S pattern however price could take out equal highs Possible rally until 34150 where we can look for shorts HTF Downtrend Doubts due to break of structure so possible reversal on HTF for upsides
US30 Range setup Extra confirmations include retail patterns Liquidity Supp and demand Wick rejections
Strong reversal Daily TF shows perfect wick rejection on level Overall counter trend trade NY Open Typical head and shoulders pattern to be liquidated Tapped into demand to the pip
Price on HTF 4H shows H&S pattern with wicks Price making overall downtrend HTF Sells aligns with LTF 15M When price held the resistance I waited for 15m to open to take position. Taking ADVANTAGE OF RANGE BUT ALIGNING WITH OVERALL HTF TREND WHICH IS BEARISH
Good day traders Bearish US30 Setup with good confirmations HTF(4H) was showing a downtrend but we were at a key level where the market could have shown possible retracement. Price pushed passed H&S pattern to take out retail sentiment and went to the next active level on 15m. Wait for price to form wicks and take out sellers before pushing down
Expecting price to push up of key level to go to resistance level and sell off. That area is the place i would look for potential sells
We are currently in a sellers market on HTF. My prediction is for us30 to steep lower and take out the psych level at 33000 before pushing up. I have key areas marked on my chart where il be looking for entries throughout the week if the market conditions are in my favour. WE DID HOWVER BREAK STRUCTURE AS SEEN ON LTF BUT WE'LL SEE HOW PRICE REACTS
Price jumped off active key level Uptrend Looking for long term sells once the level is broken Bullish confirmation on HTF
Low probability trade cause we do not have all our confirmations Please note that we do not have HTF Confirmation. Daily and 4h TF Gives us bullish engulfing candle. However, on LTF we have a descending triangle pattern forming. If price breaks the support we can see sells Price at midrange
Price taking out liquidity for further push down. Market is almost at major support. However, the market looks like it needs liquidity to fuel that move as there alot of sellers in this market. Price could sell off from mid range
Price at midrange Expecting push to trendline Inverse h and shoulders setup for SHORT TERM BUYS
Evening Forecast for the next day (23:01) I expect price to break structure on LTF, we can then look for buys up until liquidity is sweeped. Once liquidity is taken out we can look to sell the market. Traders who bought inverse H&S pattern have been taken out.
Price was at key level with ranges. time frames aligned with LTF. 25 SL
Number of confirmations on this setup. 1) Head & shoulders pattern 2) Bullish flag 3) strong resistance created at range 4) Liquidity providing a mixed bias on where price will push to first. My overall prediction is to short
We have price coming to the midrange area where we see that the level is holding strong due to previous tests. We have a uptrend as confirmation We have 50% retracement as confirmation Liquidity as confirmation