US30 Got into this trade late but better late than never. Still expecting more bullish move to the upside
My sl is unexpectedly wide due to my late entry but my lot size has been reduced to compensate for that till we get a higher low to give a better structure for more buys
US30 hahahaha enjoy life brother and sister and try to trade one or two trades per day and try to swing more. Millionares dont stay into the charts all day all the moment and posting what a beautiful buy, what a beautiful sell, what a fantastic day, trading is meant to have some additional revenues to have an easy and happy life with family not to become a ghost of the charts, right now the price is above first daily open of the month, all timeframes expect daily are bullish, we broke h4 high of last weekly range, we will have a pullback here at daily ob for sure but price will continue now its bullish view till the rate cuts decision, price is marked in due to the expectations of rate cuts, the same happened last month, the same will happen this month, moreover investors are worried with pick up fed chair of keving hassent as he will please trump and the stocks will go again up, another thing is FED ended QT officially and will transit to QE pretty soon injecting more money on stocks and crypto, so the major view on fundamentals is bullish, as price is above first daily open the month right now, also technicas are bullish, so if u wana try to catch pullback, trade it with small lot and focus more on buys later.dont liste anyone here, even me if u dont like me, and breathe if you are nervous, chill and take care for your health. Big love from our team
US30 For the Hourly, the bulls are in Overbought territory. A bearish pullback is coming.
We'll either get a shallow pullback of 47,841 or a deeper pullback towards 47,363 (that is the current mean reversion price, based on ATR (Average True Range)). The bulls can rise again after the pullback because the Hourly is still in Bullish (directional) Market Bias.
US30 Still Confused? So I read the messages asking, Why the bull run?
Take a look at the Hourly chart below. We had no breakout from wide and tight, stairstep consolidation that started on Monday. You can see the candles consolidating within S&R Zones that were used as stairs to step up from them.
Afterwards, a very tall bullish Pinbar Hammer (highlighted in yellow) formed with a very long lower wick. That is an aggressive pattern that can either create a decent bull run OR a brand new and long bullish trend. It was helped by the Wedge pattern created by the two trendlines (in red and green dotted line) that encourages moves to the upside.
All those hours of consolidation creates a BIG breakout, which happened with the bullish trend.
And, a giant M-shaped pattern called an Extended M is forming, which is where the 2nd peak of the "M" is taller than the first peak. Typically after that, we'll get the last leg of the "M" that is a long bearish trend. The market will either just drop from a Major Pivot High or lollygag for a while, then drop.
US30 Got into this trade late but better late than never. Still expecting more bullish move to the upside
