US30 BACK TO BULLISH?
For the last 3 months (beginning of September) US30 has completed 3 gold zone Fibonacci setups, while making new highs shortly after.
It is now at the 4th gold zone (.618-.5 give or take) and may be looking to reject anywhere in this realm and buy for ATH or possibly a new ATH. This would be the 4th consecutive gold zone fib setup in 3 months.
With CPI matching the exact forecast and the Feds rate cuts more than likely awaiting to happen, this looks like a perfect time to buy here at this zone.
A first TP would be ATH around 45,085
A second TP could possibly be a NEW ATH several hundred points above the previous (targets never seen before May be hard to pinpoint with an exact TP price)
Nonetheless this looks like a solid trade idea.
Thoughts?
It is now at the 4th gold zone (.618-.5 give or take) and may be looking to reject anywhere in this realm and buy for ATH or possibly a new ATH. This would be the 4th consecutive gold zone fib setup in 3 months.
With CPI matching the exact forecast and the Feds rate cuts more than likely awaiting to happen, this looks like a perfect time to buy here at this zone.
A first TP would be ATH around 45,085
A second TP could possibly be a NEW ATH several hundred points above the previous (targets never seen before May be hard to pinpoint with an exact TP price)
Nonetheless this looks like a solid trade idea.
Thoughts?
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