BUY ANALYSIS ON US30

12 feb 2023

We know that US30 is currently bullish and its proper to look for buying opportunities. Remember the trend is your friend. we can see price break out and retest a descending channel or a falling wedge. The breakout and retest also created a bullish pennant chart pattern. Looking at the market structure, price failed to create a lower low and then went ahead to create a higher low (HL) which is a characteristic of a bullish trend. So we have multiple confirmations which are bullish market structure, break out and retest of a descending channel, bullish pennant chart pattern. Lets go long. Apply proper risk management guys. Thank you.