US30 Range breakout setup

14 ביוני 2022

Price is currently in a range after a huge drop in price. I believe that price is setting up for a brief retracement before meeting resistance once again to continue the bearish trend to retest the new low that was created. Waiting for the market open to bring in volume and then a break and close above or below needs to happen before placing an entry. This is a scalp trade setup.