US30 A giant W-shaped pattern is forming. The bullish retrace earlier that ended with a Shooting Star is the neckline. This bearish drop would be the 3rd leg of the "W" and can head towards 43,921 (or around that price).
We'll see if we get a simple or complex W-shaped pattern (with pullbacks and consolidations) as the 3rd and 4th leg forms.
*Side Note: This is also the last swing to the downside from the Popgun pattern that made See-Saw moves: Down-Up-Down.
US30 Results: On the Hourly, the bullish candle made a breakout at the high of the Inside Day pattern at 44,130. It's upper wick breached the S&R Zone to do a partial upper wick fill of the previous tall, Doji candle.
So, if there's no more of a continued move by the bulls to the upside, the bears can show their hand to drop down for a true breakout from the low of the Inside Day at 43,908 (shown as an orange line). But if the bull run continues, they they can rise above the S&R Zone and breach the Swing High of 44,131.
US30 If You Like Scalping: The Hourly that is in Bearish (directional) Market Bias went into a market pause with no clear direction with the formation of an Inside Day.
Breakout from the Inside Day for true direction can either be at the pattern's high at 44,130 or low of 43,908 (shown as orange lines).
*Special Note: Above the High of the Inside Day at 44,130 are resistance areas: Gap Down, two levels of S&R Zones. If the bulls rise up, they may be blocked, then the bears can take it down again. We'll see. The Path of Least Resistance is to go down.
US30 A giant W-shaped pattern is forming. The bullish retrace earlier that ended with a Shooting Star is the neckline. This bearish drop would be the 3rd leg of the "W" and can head towards 43,921 (or around that price). 
