US30 Completed a Stop Loss Hunt twice overnight to fall again

US30 completed two market sweeps to gain liquidity which is a good indication that price is most likely closer to its reversal point.

Market makers swept stop losses and buy stop orders at 43700 and 43800 last night only to push price lower. As I mentioned over the last week. Price is likely to go all the way to 43300 at which it will likely begin to reverse.

Before it reverses, expect there to be a time of consolidation. Wait for the breakout and retest before deciding to take along trade.

While in consolidation look for the range low and range high to set your intraday trades for smaller profits.