US30 shorts

8월 7일

Here is why;
Daily

• Price broke below the region of 39100. There have been two retests. This is as of Tuesday and Wednesday
  
• Wednesday's candlestick engulfed Tuesday's candlestick to the downside. The next noticeable zone 38,500 but I expect price to go even lower.
  

4 hour

• Price has formed a massive 3 pin pattern formation which has broken below 38,865 (this is a minor region where orders were collected). I expect a retest of this region before price continues going lower.