Daily Reversal Signal

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US30 has made a strong push to the downside on the 1HR/4HR timeframe but it's setting up a reversal signal for the daily to get a nice potential push to the upside. If the 1HR manages to break the High it made, we'll get a strong push to the target area.

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تم فتح الصفقة

If we could close the daily candle at this level. We'll complete the reversal pattern to signal the lower timeframes to continue pushing higher, reversing into a bullish trend on the lower timeframes.

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تم إغلاق الصفقة يدويًا

Daily timeframe completed a healthy 3 bar reversal. The 4HR timeframe is still pending a reversal to the upside for those who have a bearish fib. We could still see some resistance at this level. Will follow the 1HR timeframe for any transition or continuation to the upside to get back into this trade.