US30 in consolidation patter but will likely fall some

16 בדצמ׳ 2024

US30 is showing resilliance at support level 43700 with the entire day hovering on or around that support line. Price is currently within the trend line channel and and therefore would have to consolidate above that support area in order to maintain its levels. If price within the next 8 hours does not recover above the current support line it will likely fall some more. The next support level is at 43500. Look to short the US30 from a retest of the current support line to at least 43500. Make sure to set your TPs properly because it will be a fast fall to a rebound when it does.

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