US30 Waiting For Buy Setup
Updated
The monthly timeframe appears to be bullish, while the weekly timeframe is showing bullish signals as well. However, the daily support has been broken at 39234.0 and the price is currently heading towards the weekly support at 36163.3. Despite this, the higher timeframes still seem to be bullish and it is likely that this is just a retracement. At the moment, the market is overbought. I remain bullish and plan to wait for a buy setup on the H4 timeframe.
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