Tomorrow's Setup (US30)
Price broke through channel in higher timeframe (4h).
My bias was short, but now i guess based on technical factors that it may go long in to the 34149 area.
I'm waiting for price to come to the golden zone of the fib retracement (0.318 - 0.618). While price is doing that it will create a short term down-trend (retracement/pullback). After that I will draw a trend line and wait for the break.
Confluence:
1. Break of trendline
2. Oversold RSI
3. Broken Lower Bolling Band level
If all those conditions line up with tomorrow's fundamentals I'm taking a long position.
My bias was short, but now i guess based on technical factors that it may go long in to the 34149 area.
I'm waiting for price to come to the golden zone of the fib retracement (0.318 - 0.618). While price is doing that it will create a short term down-trend (retracement/pullback). After that I will draw a trend line and wait for the break.
Confluence:
1. Break of trendline
2. Oversold RSI
3. Broken Lower Bolling Band level
If all those conditions line up with tomorrow's fundamentals I'm taking a long position.
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