US30 Analysis for 01/26/22
SO it looks like price has begun to retrace some of the bearish movement that took place all month. This is the move I was looking for yesterday but I guess today was the day. I believe price is setting up for a short term buying opportunity. BECAREFUL as the trend is still bearish overall and countertrend trading can be extremely risky. SO don't overleverage and be patience for your confirmation candle to enter.
1. Price Broke a level of resistance and created a higher high
2. Possible that price may pull back leading up to market open to forma level of support to then retest the high created earlier and possibly create a new higher high to continue the bullish trend
3. If price breaks and closes below 34505, price can continue bearish until 34380
4. Clean Candle for price to mirror
5. If price breaks 34735 and closes above, it can continue bullish until 34840
1. Price Broke a level of resistance and created a higher high
2. Possible that price may pull back leading up to market open to forma level of support to then retest the high created earlier and possibly create a new higher high to continue the bullish trend
3. If price breaks and closes below 34505, price can continue bearish until 34380
4. Clean Candle for price to mirror
5. If price breaks 34735 and closes above, it can continue bullish until 34840
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