US30 Analysis 01/03/22
Price is currently in a 338 point range. You could try to trade in this range but I will not because the price is too choppy and will be too difficult to trade. I think price will range throughout most of January.
The reason why I will wait for a break below 36245 is because the candles to the left are not ranging but are clean moves straight down.
And a breakout for bulls is not favorable because price will be creating an all time new high and there is no way to identify a TP. If it breaks out I will wait for a pullback before entering for a trade.
For now I don't see any trades for my trading plan.
The reason why I will wait for a break below 36245 is because the candles to the left are not ranging but are clean moves straight down.
And a breakout for bulls is not favorable because price will be creating an all time new high and there is no way to identify a TP. If it breaks out I will wait for a pullback before entering for a trade.
For now I don't see any trades for my trading plan.
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