Long
US30)- 3DView
Updated
4hr channel break-out on US30 can present to us several possible scenarios:-
1]. An attempt to penetrate through or a bounce @ 31700 resistance area
2].Possible ranging between 31600 & 31400 zone in the next coming days
3].Price correction to the down side to retest the 31295 area.
4]. If price goes below the 31295 area there will be a high probability of retracing beyond 31000 areas
5].Possible Formation of a Head & Shoulder pattern to further propel price up and take out the last known high
Share , Like & Comment
Risk Disclaimer
My Analysis is a sentiment for the upcoming Week/ Month and should never be treated as a trading recommendation
Trade this sentiment based off your own entry strategy at the right time
All TRADING involves high risk and YOU can LOSE a substantial amount of money, no matter what method you use. All trading involves high risk; past performance is not necessarily indicative of future results. Carefully consider if this trading is appropriate for you. Always limit your leverage and only use funds you are willing to lose🙏
1]. An attempt to penetrate through or a bounce @ 31700 resistance area
2].Possible ranging between 31600 & 31400 zone in the next coming days
3].Price correction to the down side to retest the 31295 area.
4]. If price goes below the 31295 area there will be a high probability of retracing beyond 31000 areas
5].Possible Formation of a Head & Shoulder pattern to further propel price up and take out the last known high
Share , Like & Comment
Risk Disclaimer
My Analysis is a sentiment for the upcoming Week/ Month and should never be treated as a trading recommendation
Trade this sentiment based off your own entry strategy at the right time
All TRADING involves high risk and YOU can LOSE a substantial amount of money, no matter what method you use. All trading involves high risk; past performance is not necessarily indicative of future results. Carefully consider if this trading is appropriate for you. Always limit your leverage and only use funds you are willing to lose🙏
Trade closed: target reached
Related publications
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.