US30 - Breakout Setup

US30 has been in a bullish trend on 1H. Price has recently bounced off an important Resistance Zone that may caused a trend reversal.

The Bearish Bias is based on the following confluence:

• Price has stopped making HHs and HLs
  
• Resistance Zone (1W, 1D, 4H, 1H) rejection
  
• Horizontal Support breakout with Bullish Engulfing candle
  
• Rising support breakout with Bullish Engulfing candle
  
• Bearish Divergence on RSI (1D, 4H, 1H)
  
• OBV Divergence (1D, 4H)
  

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