US30 Outlook, Current levels.
US30 currently respecting the 4hr support and respected the trend currently building some upside potentail to become a overall move to the upside.
Currently waiting for the market to show us a sign of which direction we are going to be moving in. Looking for large wicks to the bottom and break of recent structure to confirm a move to the upside. Or larger reversal from points of previous structure to be looking to go to the downside.
The EMAS (Moving Average will also help to determine with direction will be going in and this starts on the lower timeframe.
for now sitting tight and waiting to see what forms.
Junior.
Currently waiting for the market to show us a sign of which direction we are going to be moving in. Looking for large wicks to the bottom and break of recent structure to confirm a move to the upside. Or larger reversal from points of previous structure to be looking to go to the downside.
The EMAS (Moving Average will also help to determine with direction will be going in and this starts on the lower timeframe.
for now sitting tight and waiting to see what forms.
Junior.
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