Buyside goal hit easy on this session. Now to see if we treat the new imbalance as support
Always remember: We expect continuation out of long bodies. If you've never observed this before, long bodies are consolidation and continuation ranges ๐ง
US30 consolidates near 38,309 with 38,255-38,498 forming immediate range. Break above 38,498 eyes 39,579, while loss of 38,255 may trigger move toward 37,842.
US30 The Hourly flipped it's market (directional) bias from bearish to bullish after crossing to the right of the Bearish Trendline (in red dotted line). You'll see a decent rise, then retrace to the downside for a retest of the trendline (that either comes close to it or touches the trendline). This would complete the 3rd and final swing to the downside for the Popgun pattern that makes See-Saw moves.
Afterwards, the bull run resumes towards the Gap at 39,106. We'll see how far it goes before the bearish retrace shows up.
US30 False Breakout: Look at the Hourly chart showing that after the long bearish drop for the breakout to the low of the Inside Day pattern at 37,996, the bulls are retracing back with a Morning Star to retest the pattern's low. That means that we had a false breakout from the Inside Day.
The bulls can rise more to retrace towards the high of the Inside Day (at 38,265) and further towards 38,400, which is low of the Inside Day pattern on the Daily. Along the way, the bullish thrust can potentially cross the Bearish Trendline (in red dotted line) to flip the market bias from bearish to bullish for change in direction.
NAS100 
SPX 
US30 
QQQ 
SPY
