US30 4H TF Analysis 2-18-22
Price has been trending down all week, but now price is currently at a strong level of support leading up to NYSE open. If price fails to break and close below 34250, price can begin to reverse and go bullish. But if price continues to break the lows, then it can continue bearish until 34095 and then 33880
1.Price is currently trending bearish
2. Structure has been broken
3. If price fails to break back into this level, price can continue bearish. If this candle begins to close in this range, price can continue bullish
4. Once price begins to break the lows, it can fill the wick to the left and possibly retest this low.
1.Price is currently trending bearish
2. Structure has been broken
3. If price fails to break back into this level, price can continue bearish. If this candle begins to close in this range, price can continue bullish
4. Once price begins to break the lows, it can fill the wick to the left and possibly retest this low.
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.