US30 could not break .50 FIB LEVEL! Possible short coming up!
I was keeping an eye on US30 as it was testing the 50.0% fib level. I was anticipating it dropping to the 38.2% level and making a bounce up and going to retest some of the key levels. However, since it was able to hold the 50.0% fib level (which is an important level to hold for) it shot up to hit those key levels earlier than I thought.
It is testing a major resistance level right now. Keep an eye out for a short position! But also don't count out a breakout in the upwards direction. Trade safely and with discipline.
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