Previous Analysis: Following the break in price value and break in the previous Market Structure, US30 has begun "CONSOLIDATING" aka "Doing The Money Dance!"
It's following this phase in Market Movement where our anticipatory market analysis will prove valid or not. For after or following a phase of Market Consolidation comes a break-out!
Either way, set your "HIGH Price Level ALERT @ $39,050" and "LOW Price Level ALERT @ $38,200" 'Set it and forget it' and allow the market to lead the way!
Current Analysis: Momentarily US30's price value appears to be falling "BEARISH", after hitting my SL Stop Loss of 1% at a price point of $37,876. I'm now looking for US30 to demonstrate it'll remain "BEARISH!" Wait for the price to return to price value of $38,550. Wait for a rejection-style price action candle i.e. "Bearish Engulfing" "Hammer" or "Pin Bar". Enter accordingly... ENTRY: $38,550 SL STOP LOSS: $39,100 TP TAKE PROFIT: $36,950
"Please be advised by no means is this financial advice! Trade responsibly and always limit your loss."
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Optimal entry price range: Between price point $38,400 - $38,550