In my previous post on US30, I analyzed and talked about the upcoming Bullish Move which has been going on for the past couple weeks.
Although, it seems this bullish move do not consist ofElliot Impulse Waves, instead it consist of Corrective Waves. The Converging Diagonals shown in the chart are showing that the upward Wave W, which started from 25th May has ended today. I am anticipating correction Wave X to be up to 50% - 61.8% of This whole upward Wave W. This downward Price action can go on for even a month.
For the time being, markets are almost near closing. Theres Holiday on Monday. I expect next week, there will be an SL hunt for today's high with ABC Flat. If I see it, I wont be missing that opportunity to short.
I have pinned my previous analysis I did on US30 HTF below.
Although, it seems this bullish move do not consist of
For the time being, markets are almost near closing. Theres Holiday on Monday. I expect next week, there will be an SL hunt for today's high with ABC Flat. If I see it, I wont be missing that opportunity to short.
I have pinned my previous analysis I did on US30 HTF below.
