History will repeat itself on this us 30 trade. it entered the 50% zone with a strong reversal pattern.
Note
So we have seen that us30 has been in a downward trend. It left us a nice wick rejection confirming that the buyers are getting weaker. Despite some impulsive moves to the upside, the sellers are still in control. We have wtered the zone for the formation of the LH and got a confirmation with another wick rejection. (inverted hammer of what ever you call it). Also confirmation is given on the fib levels which are inline with our key levels.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.