Long term uptrend for US30
After large drop in the last 2 months of US30 there is now big opportunities for several long positions as the market aims to break the previous high it failed pass.
There is also a major double bottom on the weekly time frame confirming the formation of a W structure.
As the market raises to complete the W chart pattern it forms bullish flag pole patterns along the way giving us multiple opportunities to enter the market at every retractment.
For the bears to take control of this market a head and shoulders formation needs to take place with the right shoulder being a break and retest of the trend line.
There is also a major double bottom on the weekly time frame confirming the formation of a W structure.
As the market raises to complete the W chart pattern it forms bullish flag pole patterns along the way giving us multiple opportunities to enter the market at every retractment.
For the bears to take control of this market a head and shoulders formation needs to take place with the right shoulder being a break and retest of the trend line.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.