US30 Price rallied down with lower lows and highs and recently formed a clear area of support and resistance.
In that zone a couple of confluences have been identified and is a zone of interest.
If price wicks above the previous high but closes underneath the zone with an engulfing candle we enter short with stops above the high and targets at the test of the lows and extended targets at the next zone.
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.