US30 Aftermarket Analysis
Price can continue to the downside if it fails to break above the level of resistance. A confirmation for entry would be at the break of the minor level of support if price were to reject the level of resistance. I think price is going to continue bearish leading up to the news report tomorrow. We will see what happens at 8:30am.
1. Price broke below market structure.
2. A low was formed
3. Price formed resistance.
4. If price fails to break and close above resistance, it can probably retest the lows for TP 1 and fill the wicks for TP2
5. Would only look for buys above here to retest the high and possibly create a new higher high
1. Price broke below market structure.
2. A low was formed
3. Price formed resistance.
4. If price fails to break and close above resistance, it can probably retest the lows for TP 1 and fill the wicks for TP2
5. Would only look for buys above here to retest the high and possibly create a new higher high
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