US30 has been on a 9 week bullish run. As we know the market moves in cycles, so, I'm patiently waiting for sell off opportunities and we could have that now. Looking at the 4H, we have equal highs (double top). I conclude this because we have a small bearish doji followed by a strong bearish candle that just closed in the range of the previous high. If this resistance holds at 37700 then ill be bearish on US30 with my first target being 37135 and second target being 36540. Lets wait and see if the market will give us this move in the next coming weeks. Happy trading and a happy new year to you in advance :)
Comment:
Target finally reached at 37135. Took a mighty long time due to the market in a range. Patience was key!