Daily Reversal Signal
Updated
US30 has made a strong push to the downside on the 1HR/4HR timeframe but it's setting up a reversal signal for the daily to get a nice potential push to the upside. If the 1HR manages to break the High it made, we'll get a strong push to the target area.
Trade active
If we could close the daily candle at this level. We'll complete the reversal pattern to signal the lower timeframes to continue pushing higher, reversing into a bullish trend on the lower timeframes.Trade closed manually
Daily timeframe completed a healthy 3 bar reversal. The 4HR timeframe is still pending a reversal to the upside for those who have a bearish fib. We could still see some resistance at this level. Will follow the 1HR timeframe for any transition or continuation to the upside to get back into this trade.
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