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benalistarfx
Jul 17, 2021 11:53 PM

US30 ABCD Complete 

US 30Currency.com

Description

After hitting all of our targets we're now expecting a pullback and the trend to potentially reverse now previous structure is broken.

We now have a bullish ABCD completion, however, I'm not going to enter when the markets open, I'm going to watch the price action to see how it reacts to the current level/the fib levels, if price rejects from the 318 and gives us a reversal confirmation then we will short again next week and go with my trend Bias.

I may also look for buys on the pullback if we get confirmation at current level, but unless I get retest/candlestick confirmation I wont enter quick buys I'll be patient and wait for price to react from the Fib before taking shorts.

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