US30 Potential for Bearish Momentum | 2nd September 2022

On the H4, with price breaking the ascending trendline and moving below the ichimoku indicator, ,we have a bearish bias that price will drop from sell entry at 31904 where the pullback resistance and 23.6% fibonacci retracement are to take profit at 30467 where the pullback support and 78.6% fibonacci retracement are. Alternatively, price could break entry structure and rise to stop loss at 32623 in line with pullback resistance, 50% fibonacci retracement and 78.6% fibonacci projection .

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