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US30 We've got a false breakout at the Inside Day's low of 47,229 (shown as an orange line) on the Hourly.

The bulls can head for the pattern's high of 47,454 (shown as an orange line) for a breakout there. Watch to see if it's another fake attempt or a true one. That level is also in line with the Swing High of 47,454. A breach of this with a candle close past this level would mean more moves to the upside. Let's see how far the bulls go.

*Side Note: A tall, M-shaped pattern is forming. A bullish rise would be to create the 2nd peak of the "M".
Snapshot

US30 Last Call for This session:
The candles are still consolidating within a tall Inside Day pattern. It's a market pause with no true direction.

A breakout from the Inside Day will either be from its high at 47,454 or low of 47,299 (shown as two orange lines).

*Side Note:
The long bullish trend earlier formed a Major Pivot High at 47,454 (shown as a circled red arrow), so it's the first leg of the M-shaped pattern forming.
Snapshot


US30 On the Hourly, we have a Double Inside Day. That means a BIG move is coming. It can happen during this remaining session or in the After Hours.
Snapshot


US30 Ready for More Excitement?
Going back to the 4-Hour timeframe, there's the beloved Popgun pattern still in play.

Here again are the sequence of 3 swings by the Popgun that are consolidation moves like a See-Saw: Up-Down-Up.

After this Up move by the bulls is over, they will pivot to the downside for the bears to make their Down move. When the bear run is over, we'll see another pivot for a swing back Up so the bulls to can make their final move.
Snapshot

US30 Looking at the Daily, the bullish candle is headed for the S&R Zone. There's still 4 1/2 hours until a candle close.

Let's see if the bulls will reach that S&R Zone that begins at 47,572 as a take profit projection.
Snapshot

US30 I Spy a Giant "W"
(See Hourly chart below)
Snapshot