for the next week i expect us30 to reverse to the upside for the following reasons :
- price made a support and broke our trend line the to up side
- higher low formed so we expect price to keep pushing up and create a higher high
- by looking at the candles where price is at we can clearly see a bulish engulfing pattern
i will look to take this trade after i see price respecting the nearest support to the left on lower timeframes, also this is not an exact analisis e can never predict exactly the direction or swing points of price so we only set a probability based on some confirmations. please if you see that i'm wrong on something leave a comment.
ps : mondays and fridays are risky days to trade so be careful if you are taking any trades or have an open position (s)
Happy trading :)
- price made a support and broke our trend line the to up side
- higher low formed so we expect price to keep pushing up and create a higher high
- by looking at the candles where price is at we can clearly see a bulish engulfing pattern
i will look to take this trade after i see price respecting the nearest support to the left on lower timeframes, also this is not an exact analisis e can never predict exactly the direction or swing points of price so we only set a probability based on some confirmations. please if you see that i'm wrong on something leave a comment.
ps : mondays and fridays are risky days to trade so be careful if you are taking any trades or have an open position (s)
Happy trading :)