4HOUR US30 RETRACEMENT SELL

27 apr 2020

US30 is now in a short term 4hour bull bias. The initial push is slowly dying out, the retracement or exhaustion from this push higher will be a great selling opportunity if it happens. Multiple confluences for reversal including 78.6 longer term Fibonacci, supply and demand zone, market structure making a new HH and expecting to make a LH, push exhausting retracemt coming, 24000 round psychological number. Expecting price to hit 24,000 before reversing and coming back down to the 50% fib level or around 23,600.