US30 l DAILY l OUTLOOK
DAILY TAKEAWAYS:
We saw on Friday a nice bullish flag pattern play out. We broke our downtrend trend-line and retested the our bull flag twice clarifying added support to that area.
What we see / need to see now.
1. US30 is still not out of our bearish zone. US30 is still under 200 EMA on our 4 hr chart.
2. US30 retest our downtrend trendline and formed a nice price action support pattern (circled).
3. US30 has entered back into major zone 32050 - 32450.
4. Need to see a higher low formed or a BOS of 32450 which has been a major rejection zone.
We saw on Friday a nice bullish flag pattern play out. We broke our downtrend trend-line and retested the our bull flag twice clarifying added support to that area.
What we see / need to see now.
1. US30 is still not out of our bearish zone. US30 is still under 200 EMA on our 4 hr chart.
2. US30 retest our downtrend trendline and formed a nice price action support pattern (circled).
3. US30 has entered back into major zone 32050 - 32450.
4. Need to see a higher low formed or a BOS of 32450 which has been a major rejection zone.
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