WIth US30 currenty in consolidation, I am waiting to see what happens.
IF price breaks out of the channel at all, and closes above the channel on 1 hour or 2 hour time frame, I expect movement to the upside. At this point, I expect US30 to blast through some daily resistances.
If price does not break out of the channel, I expect it to ride the channel in consolidation until the opening of the NY session, before continuing in the channel.
NOTE: THIS IS AN UPDATED CHART FROM A PRIOR POST
IF price breaks out of the channel at all, and closes above the channel on 1 hour or 2 hour time frame, I expect movement to the upside. At this point, I expect US30 to blast through some daily resistances.
If price does not break out of the channel, I expect it to ride the channel in consolidation until the opening of the NY session, before continuing in the channel.
NOTE: THIS IS AN UPDATED CHART FROM A PRIOR POST