US30 long

Aug 9

Here is why;
Weekly;

• Price went below 40,000 and never retested the region.
  
• Hence, a retest is due.
  

Daily;

• There is a bullish formation of a higher high that has been formed in the last 3 days.
  
• The target for the daily timeframe is 39,750.
  

4 Hour;

• This is the time zone I am looking for my entry level.
  
• For now, I believe that the best place to enter longs are at 39,350, however, I am waiting for price to show me better confluences before I enter the market