US30 Last Call for This Session: On the 4-Hour timeframe, it's still in Bearish (directional) Market Bias from the candles moving below the Bearish Trendline (in green dotted line).
Here's some new developments: - The last three candles produced a Double Inside Day, so that means a BIG move is coming, either to the upside or the downside. And, it can show up on Sunday or Monday when the market opens again.
- The last two candles produced an Inside Day, which is a market pause with no true direction. A breakout needs to happen, either at the pattern's high of 47,356 or low of 46,836 (shown as two orange lines).
- Also, the tall bullish candle is a Major Pivot Low (with green arrow circled), so a Minor Pivot High or Major Pivot High needs to show up from a coming bullish move.
US30 Going back to the 4-Hour, the candle is closing as both a Piercing Pattern and in combination with the previous candle, a Bullish Outside Day pattern.
As a Bullish Outside Day, a Limit Line was placed at the candle's high of 47,356. If the bulls intend to really go up, then the next candle forming would breach that Limit Line to close above it and another bullish candle after that to "clear" above the Limit Line by not touching it with any of its candle parts. If one or both don't happen, then back down it goes.
US30 A drop down can potentially go towards 47,064 or around there. The Swing Low of 46,923 is nearby. And, the Hourly is still in Bearish (directional) Market Bias.
US30 Switching to the 4-Hour, this bullish rise is forming a Two Bar Reversal. That bodes well for bull riders because the probability is greater that another bullish candle forms after that. Let's see if the candle closes as a Two Bar Reversal in over 2 hours.
Also, a continued rise can be towards the current mean reversion price of 47,617 (near the Bearish Trendline in red dotted line).
*Side Note: This is the 3rd and last swing to go Up from the Popgun pattern that can be seen on the 4-Hour chart. A swing from timeframe looks BIG on the lower timeframes.
US30 Check out the Major Pivot Low (of green arrow circled) on the Hourly. That means that a pivot to the upside needs to happen to either create either a Minor Pivot High or Major Pivot High.
It eventually needs to go up to create one of those two.
US30 In response to interest about the Federal Reserve that's historical, here's some facts: - Federal Reserve and IRS, both created around the same time, are unconstitutional and started by foreigners. What Trump is doing with tariffs is constitutional. - The royal Payseur family of Marie Antoinette (who was beheaded), left France for the Carolinas in the U.S. - The Payseurs bought up railroad companies, mines, and other industries. - The family also owned Jekyll Island where the meeting was held for the creation of the Federal Reserve. - Payseurs are wealthier than Rothschilds, Rockefellers and other uber-wealthy bloodline families in America and throughout Europe. - They used lawfare for the United States to become a corporation and no longer a republic; - The policing force of their railroad company morphed into the CIA; - Descendants from the Payseurs (of different last names) became company owners of large companies like Heinz that are listed in the S&P 500.
*There's more history, but I'll stop there. This is one of the reasons why I tend to ignore what the Federal Reserve does because of its history.
US30 Last Call for This Session:
