US30 Bias
After a nice drop at the end of last week, US30 is looking bearish in my opinion.
On the weekly and monthly timeframes it has broken below the support area that it has respected for the last few months.
On the lower timeframes we see a strong downtrend which has not yet pulled back to the 38.2 fib level or beyond.
I am anticipating for price to pull back to this area which also has confluence with a resistance level and zone.
After a nice drop at the end of last week, US30 is looking bearish in my opinion.
On the weekly and monthly timeframes it has broken below the support area that it has respected for the last few months.
On the lower timeframes we see a strong downtrend which has not yet pulled back to the 38.2 fib level or beyond.
I am anticipating for price to pull back to this area which also has confluence with a resistance level and zone.