US30 Short Opportunity?
Looking at US30 on the 15 min timeframe, we can spot that the price may have finished 5 waves up (small cycle), hence a 3-wave correction is expected. Also, the price is retesting the 161.8% Fibonacci Extension critical level (31389) with a rising wedge formation which is considered a reversal pattern for a downside correction, thus our first target for this trade will be the beginning of the wedge at 31166.
Breaking this level will push the price towards retesting the previous wave (iv) at 30586. Goodluck!
M.Y.
Breaking this level will push the price towards retesting the previous wave (iv) at 30586. Goodluck!
M.Y.
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