US30 Weekly forecast 8/16/22

Zaktualizowano
US30 has been in consolidation since its is near a long term bearish trendline. I am expecting that price would eventually want to interact with this trendline noted in red. This consolidation highlighted may use a false break out, and eventually rollover and start creating short opportunities. This is a time where it smart to sit on your hands and DILIGENTLY watch for a position that makes sense. Keeping your eyes on the higher time frame will help you on this one and market structure.

Uwaga
Reanalyzing since this concept is complete
Beyond Technical AnalysismarketstructurepriceactionTechnical AnalysisTrend Analysisu30

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