US30 long
Hello traders, I believe that US30 is due for some buy orders to be filled. Here's why;
- On the weekly timeframe, price broke below a major liquidity region at 40,000 and has not retested the region. Price might collect orders at 39,215 before it retests 40,000
- On the daily timeframe, there is an M formation. There are a lot of orders that have been filled at 39,320. Price may collect orders from that region before going to retest 39,875.
- It is a Monday morning, hence I am waiting for the market to get a sense of where it is headed to before I do anything.
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.