US30 is truly my favorite pair to look at and I look at it consistently everyday, I try to keep it simple with my analysis so it doesn't seem overwhelming due to the volatile movements, with that being said I am expecting a BUY since price is now back at the bottom of our channel
Note: Price has been in a Flag Channel since MARCH 2021
Major Structure:
Monthly/Weekly/Daily -
Price has been In an Bull Flag for a few months now, for major structure I have price still BULLISH creating a HH/HL, although the economic factors like Covid 19 (Omicron, Delta Variants), Inflation (@ all time high 7%), Labor Stats, Short Squeezing etc. could cause some sort of Correction/Crash
Major/Minor Structure:
4HR/1HR -
Price is just about to hit our -61.8 Retracement on our Fibs for Major Structure, which means we should expect some sort of Reversal in price which is another confluence for our BUY
Minor Structure:
1HR/30MIN
Price is heading towards our -61.8 Fib Level on Minor structure as well, with it being Wednesday and this being our Intraday timing, HOTW is currently on a Sunday, but I'm expecting a Mid week reversal with the LOTW either being made on Wednesday night or London session Thursday, with a Rally to follow into Friday and making its HOTW.
I'd love any feedback or commentary from those knowledgeable of Fibs, major structure or use a similar strategy ..
From C
Note: Price has been in a Flag Channel since MARCH 2021
Major Structure:
Monthly/Weekly/Daily -
Price has been In an Bull Flag for a few months now, for major structure I have price still BULLISH creating a HH/HL, although the economic factors like Covid 19 (Omicron, Delta Variants), Inflation (@ all time high 7%), Labor Stats, Short Squeezing etc. could cause some sort of Correction/Crash
Major/Minor Structure:
4HR/1HR -
Price is just about to hit our -61.8 Retracement on our Fibs for Major Structure, which means we should expect some sort of Reversal in price which is another confluence for our BUY
Minor Structure:
1HR/30MIN
Price is heading towards our -61.8 Fib Level on Minor structure as well, with it being Wednesday and this being our Intraday timing, HOTW is currently on a Sunday, but I'm expecting a Mid week reversal with the LOTW either being made on Wednesday night or London session Thursday, with a Rally to follow into Friday and making its HOTW.
I'd love any feedback or commentary from those knowledgeable of Fibs, major structure or use a similar strategy ..
From C