US30 Looking at the Daily, the 3rd and last swing from the Popgun pattern is left, which is a move to the upside.
Here again are the sequence of the 3 wide consolidation swings from the Popgun that move like a See-Saw: Up-Down-Up.
Let's see if bulls can break through several Resistance Areas on the Daily: cross through the S&R Zone that starts at 46,616; the high of the Inside Day at 46,634 for a breakout; and Bearish Trendline (in red dotted line) acting as a strong "rope".
*Take Profit Projections to the Upside: 46,521 - Top of the S&R Zone 46,634 - High of Inside Day for a Breakout 46,690 - Top of S&R Zone 47,052 - Swing High 47,378 - Creation of a New Major Swing High
US30 Incoming Wave! On the Hourly, a Double Inside Day showed up. That means a BIG move is coming, either to the upside or the downside for this Sunday.
You can see that the candles are within a channel created by two S&R Zones, so a breakout is in order.
*Side Note: If you'd like to see a previous example of BIG moves from two, back-to-back Double Inside Day patterns, look to the left of the chart. The first one led to the long bullish trend (highlighted in green) of 201 ticks in length and the second Double Inside Day (circled in blue) led to a very long bearish trend (highlighted in red) of 558 ticks in length.
US30 *Trading Tip: Many traders are familiar with the W, M, and V-shaped patterns I call alphabet patterns on all charts and timeframes. But are you familiar with the J-Hook and S-Hook?
The J-Hook is a pattern with consolidation in its middle to create a curve that leads to a continuous bullish trend (highlighted in green). The S-Hook pattern with consolidation in its middle to create a curve that leads to a continuous bearish trend (highlighted in red). There are very tall to smaller versions of these two patterns that are very common.
So, a J-Hook + S-Hook = Head-and-Shoulders Pattern
An S-Hook + J-Hook = Inverse Head-and-Shoulders Pattern
*The Hourly pattern on the chart below is an Inverse Head-and-Shoulders Pattern.
*Side Note: In Japanese Candlestick Analysis, there are other kinds of alphabet patterns not common to many traders.
US30 Check out the new S&R Zone on the Hourly chart below. As the tall bullish candle rises above it to fill the upper wick of the previous tall Shooting Star, we'll see if the bulls can reach and breach the Major Pivot High at 46,217 (shown as a circled red arrow) with a candle close past that price. If not, back down it goes from this Resistance Area.
We'll see if the new S&R Zone blocks a bearish retrace to prevent going below this Zone.
Also, there's now a S&R Zone, above and below. There may be a game of Pickleball between the Zones until a breakout.
US30 It's like a Ghost Town today. Where is Everyone? Hello (knock, knock).
Anyways, on the Hourly chart below, look at the previous two bullish candles. Each one had a hard time closing past the high of its previous candle. That's a sign of a waning, bullish thrust. This current candle is having trouble doing the same. A bearish pullback is coming - potentially to around 45,902 that is the current mean reversion price for the Hourly. But, there may be an upper wick fill in the new hour before the pullback.
*Suggestion: Please read my post from 14 hours ago entitled "Trading Tip" to avoid confusion about these candles with tall wicks.
US30 Looking at the Daily, the 3rd and last swing from the Popgun pattern is left, which is a move to the upside. 
