US30 we have a nice clean M formation on the daily timeframe , we broke below support and the uptrend line with a bearish impulse, after a impulse we would like to see a correction before the continuation to the downside, we want to reach the neckline of the M formation, if we get the retracement to the neckline, then we will be looking for the continuation to the downside for a nice short swing setup. We can be potentially looking for a 1/4 RR if the prices rises to the neckline and provide to us one overvalid entry to get in that trade.
If you enjoyed this idea smash that like button and share. Don't hesitate to comment below if you have a different opinion as I would love to have more insights on this index.
Thanks and have an amazing trading week.
If you enjoyed this idea smash that like button and share. Don't hesitate to comment below if you have a different opinion as I would love to have more insights on this index.
Thanks and have an amazing trading week.