US30 has been in a bullish trend on 1H. Price has recently bounced off an important Resistance Zone that may caused a trend reversal.
The Bearish Bias is based on the following confluence:
Trade safe. Hit like & follow for more analysis.
The Bearish Bias is based on the following confluence:
- Price has stopped making HHs and HLs
- Resistance Zone (1W, 1D, 4H, 1H) rejection
- Horizontal Support breakout with Bullish Engulfing candle
- Rising support breakout with Bullish Engulfing candle
- Bearish Divergence on RSI (1D, 4H, 1H)
- OBV Divergence (1D, 4H)
Trade safe. Hit like & follow for more analysis.