US 30 - Reversal signs?
Updated
For the last 12 months, the index has been moving in a parallel channel. This time came to the lower levels. Today gave a bounce back from the desired level.
If momentum continues, the first target should be 33600.
Setup fails if breaches the lower levels of the parallel channel.
It is only for learning and sharing purposes, not a bit of trading advice in any form.
All the best.
If momentum continues, the first target should be 33600.
Setup fails if breaches the lower levels of the parallel channel.
It is only for learning and sharing purposes, not a bit of trading advice in any form.
All the best.
Note
On it's way. Going ahead. Keep tracking.Note
The momentum continues. Reached 33310. Almost 400 points upside, Keep watching.Trade closed: target reached
Crossed the target of 33600. Reached 33700.
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