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CandlesofKarma
Aug 16, 2022 8:02 AM

US30 Weekly forecast 8/16/22  Short

US Wall St 30OANDA

Description

US30 has been in consolidation since its is near a long term bearish trendline. I am expecting that price would eventually want to interact with this trendline noted in red. This consolidation highlighted may use a false break out, and eventually rollover and start creating short opportunities. This is a time where it smart to sit on your hands and DILIGENTLY watch for a position that makes sense. Keeping your eyes on the higher time frame will help you on this one and market structure.

Comment

Reanalyzing since this concept is complete
Comments
CandlesofKarma
This setup and forecast is still accurate.
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