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Us30idea

US30 l DAILY l OUTLOOKDAILY TAKEAWAYS: Last weeks TA played out perfectly. 1. Broke two BOS @ 31550 & 32650 2. Broke out of descending channel 3. Broke though major key level zone 32100 - 32450. Looking at what we see now. (4 HR) 1. US30 rejected off bottom of major zone 33350 - 33650. 2. US30 broke through 200 MA which could potentially change trend if a bounce retest is made. 3. If we continue to push bullish there is a major BOS @ 34050 that has acted as a rejection / resistance zone. 4. Viewing top MACD indicator it is the first time in months we have been above the 200 level. Previous TradingView TA linked
OANDA:US30USD
by CORNINO
US30 l DAILY l OUTLOOKLooking back at May 16th & May 22nd (LINKED IN DESCRIPTION) TA that was sent on US30 the following was stated and played out for both. MAY 16th TA “We saw on Friday a nice bullish flag pattern play out. We broke our downtrend trend-line and retested the our bull flag twice clarifying added support to that area. What we see / need to see now. 1. US30 is still not out of our bearish zone. US30 is still under 200 EMA on our 4 hr chart. 2. US30 retest our downtrend trendline and formed a nice price action support pattern (circled). 3. US30 has entered back into major zone 32050 - 32450. 4. Need to see a higher low formed or a BOS of 32450 which has been a major rejection zone.” MAY 22nd TA DAILY OUTLOOK / TAKEAWAYS: 1. US30 is still overall bearish . Retesting major levels 31250 & 30750 for the first time MARCH 2021. 2. Last time these levels were touched we reached ALL TIME HIGHS. 3. US30 is still breaking in and out of descending channel . 4. US30 bounced off of major zone 30750 and is now retesting major zone 31250. 5. NEED TO SEE A FULLY ENGULFING CANDLE TAKE OVER AND ENTER BACK INTO DESCENDING CHANNEL . 6. ENGULFING candle needs to clear BOS and retest BOS to see continued upwards bullish movement. MAY 25th TA DAILY TAKEAWAYS: 1. US30 saw multiple retests of BOS / support and resistance level 31550. 2. Fake of candle breaking through BOS (circled) rejection wick. 3. We have broken out of descending channel once again. 4. Need to see a minor retest of descending channel then a break into major zone 32100 - 32450. 5. Next major BOS is positioned at 32650.
OANDA:US30USD
by CORNINO