US30 Has successfully filled its "gap" caused by this ongoing trade war *cough cough - excuse*
And now we are seeking liquidity at the lower levels before we get confirmation of the trade setup we are looking for to see price make a new all-time high. Right now my eyes see 25800 as a significant area however I am expecting further consolidation...
US30 is short to hit intraday targets !
Head & Shoulder in lower timeframes and key level that higher timeframe is holding.
Do your own analysis & relate this analysis with your skill.
This publishing is for educational purpose only.
After Friday we pulled back to 61.8%. Holding longs is still good but protect your profits.
Expectation is to climb higher before the next sell off. Still bank holiday in China so Chinese markets have not entered yet so not expecting any moves until tomorrow.
Powell speaking this evening though at 6 pm London time.
You can see the weekly RSI divergence on US30 chart. I am expecting last week's sell off (accompanied by high volume) to continue in next few weeks...but this week there may be a correction.
As with Oil, I am bearish on stock market. I am out on both trades after shorting them last week and taking profits.
Waiting for more correction, to short USOil and...
Price recently just hit the monthly low and now its expected to rise back up to it previous highs of the begin of the month! Don't miss out on these pips, watch your lot size, set your TP/SL and be safe out there kid. lol.