We need to be decisive here.
US30 has no exact direction from my eye from 4H going down
Yet it is still in a bullish trend from overall momentum, which is 1 out of 3 indications we have that we should be looking for buys.
Moving deeper:
The opening of the market and closing of the opening candlestick will help direct us to look out for specific moves by the market.
Watch for 37640:
- if it breaks straight through here, wait till it gets to 37600 before the next move
- if it bounces/retests here we can assume the continuation of the bigger bullish trend and break of the current trend
US30 has no exact direction from my eye from 4H going down
Yet it is still in a bullish trend from overall momentum, which is 1 out of 3 indications we have that we should be looking for buys.
Moving deeper:
The opening of the market and closing of the opening candlestick will help direct us to look out for specific moves by the market.
Watch for 37640:
- if it breaks straight through here, wait till it gets to 37600 before the next move
- if it bounces/retests here we can assume the continuation of the bigger bullish trend and break of the current trend
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