US30 What's the Struggle All About? The bulls are having to deal with a two-tiered S&R Zone to break through. If they can't, then back down to the other S&R Zone, like a Ping Pong Game.
But if they break through this, the next goal is to rise above the S&R Zone to go up higher.
US30 On the Hourly, look at the Major Pivot Low (circled in green) of the very tall Doji. Its low is at 46,630. If the candle still forming closes above this level, then we're likely to see a pivot to the upside. But if there's a candle close past 46,630, then more moves to the downside.
US30 What's Below? A new S&R Zone formed, making it two-tiered on the hourly. A bearish candle is dropping from it and towards another S&R Zone below. Let's see if we get a game of Ping Pong between these two Zones.
As a reminder, there's still an Up swing coming, based on the Popgun pattern on the 4-Hour timeframe. After this bear run is over, we'll see a bull run. After that bull run is over, it will pivot for a last swing to the downside, like a See-Saw.
*Personally, I'm not totally convinced we'll get a deeper drop down more because the bulls already showed themselves in the fight earlier when that tall Doji formed. I see the bulls "waiting in the wings" to take the reigns.
US30 Silver Surfers, Unite! We have a Double Inside Day on the Hourly. That means that a BIG move is coming, sometime during this session.
Also, this tall Pinbar Hammer has a long lower wick. If a bearish candle shows up in the new hour to fill it partially or in full, then the next move will be to the upside. But if this doesn't happen right away, the wick can be filled later on.
*Side Note: A gigantic W-shaped pattern is forming. Let's see if we get the last leg, which is a long bullish trend.
US30 the day you lose appetite for trading profits will be your friend…there a no way yu can be on the day every day of the week if you your profitable never…..
US30 What's the Struggle All About?
