US30 - retracement before long term continuation to the upside
US30 - Divergence on PA and RSI overbought in 4 hr chart. In daily, a small stop at 35500 area indicating offloading of long orders.
Consolidating near trend line shows weak in long to continue pushing the price.
Expect a downward retracement to 34422 for 2618 retracement.
Wait with short order at 35500 to give a good signal downwards before entering.
Consolidating near trend line shows weak in long to continue pushing the price.
Expect a downward retracement to 34422 for 2618 retracement.
Wait with short order at 35500 to give a good signal downwards before entering.
Trade attivo:
shorted scout at 34450. hopefully more chance to short at 35500.
Trade chiuso: stop raggiunto:
FOMC last night increase volatility and took out the trade. Keep in mind for future trade.