US30 long 48150 tpCommunity discussions
US30 long 48150 tp
US30 down to 47000
US30 Switching to the Hourly, the bears are dropping from the two-tiered S&R Zone. If the bears don't drop below that Zone to no longer touch it, then it's still being used as Support for an eventual move up from it.The previous, tall bearish candle is an Exhaustion bar. Through observation, I've noticed that anywhere from 1 - 3 smaller candles form after an Exhaustion Bar, then a reversal to the upside. It's best to watch for bottom reversal candle patterns, like a Hammer, Bullish Spinning Top, Two Bar Reversal and other examples.
*Side Note:
A giant M-shaped pattern is forming with the last leg as a long, bearish trend. I had expected the 2nd peak of the "M" to be higher, but didn't happen. Oh well.
US30 The bears will attempt a breakout on the 4-Hour timeframe at the low of the Inside Day at 47,957 (shown as an orange line). If a true breakout, they can drop more to the current mean reversion price of 47,907. If it's a fake breakout from the Inside Day's low of 47,957, then the bulls can counter the move to head back up again towards the S&R Zone (that begins at 48,275).Reminder:
After this bear run is over, we'll see a pivot for the bulls to swing upwards as the last move of the Popgun pattern.
*Side Note:
The mean reversion level for the 8-Hour timeframe that the bears can potentially drop to is 47,805.
DJI this will eventually follow spx and nasdaq, just a matter of time to collapse
US30 price may be looking to push up higher before any continuation of a drop
US30 When will the important news be?US30 :sighs: where's Zen when you need him
US30 🚨 bloodbathUS30 Bloody Mary!!!!