Hi Traders,
US30 has my attention once again. Price Broke a strong resistance and now seems like we have strong potential to continue the momentum, When looking at current price action, Price meets a minor resistance point. I am waiting to see if price is strong enough to push and break the current resistance. If this does happen, I would be waiting for a pullback before entering a buy.
Looking at the previous move down, We see that price has moved very freely, with no traffic or speed bumps, Hence I am now interested as I do expect the same move for price to continue into 32800. We also see the shift in direction with the most current moves creating higher highs and higher lows, I would like to ride this move should price continue.
All we do now is wait for the setup to come to us.
Renaldo Philander
US30 has my attention once again. Price Broke a strong resistance and now seems like we have strong potential to continue the momentum, When looking at current price action, Price meets a minor resistance point. I am waiting to see if price is strong enough to push and break the current resistance. If this does happen, I would be waiting for a pullback before entering a buy.
Looking at the previous move down, We see that price has moved very freely, with no traffic or speed bumps, Hence I am now interested as I do expect the same move for price to continue into 32800. We also see the shift in direction with the most current moves creating higher highs and higher lows, I would like to ride this move should price continue.
All we do now is wait for the setup to come to us.
Renaldo Philander