US30 3/25 Outlook
Updated
Price just invalidated a 15min LPOTM today. I expect next week to either be a consolidation week or a big red week.
Looking for price to retrace and mitigate a 1min OB to short from that area. not interested in longs till price hits a 4HR bullish OB or if it takes out today's high.
Looking for price to retrace and mitigate a 1min OB to short from that area. not interested in longs till price hits a 4HR bullish OB or if it takes out today's high.
Note
Trade active
Trade active
TP 1 Hit.
Note
Risk Mitigated Note
Decided I will exit trade fully at 2nd TP. It is monday and such a move all the way down is unlikely.Note
Trade Aftermath, captured entire down move and exited before reversal.
Trade active
Beautiful reaction in US30 off analysis
Note
Price reacts as expected. Price does not turn around for no reason randomly. There is ALWAYS a goal to be achieved when price moves. The trick is to only trade once the market shows its hand.
Note
I could see price reversing off this OB to target the one untapped in the 4HR POI. This is not a live order I have placed in the market.
Let the algo show you its hand.
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.