Simple price action outlook - US30

17 Oca

There's a lot of confluences to eye out on here on US30, it is simply printing signs all over. It is currently strong power candles going up and making a change of character. Over the last 24 hours, the candles have been forming a bullish flag pattern smoothly within bearish and bullish order blocks. Now it is up for this cyberspace to work its magic, hopefully repeating the rhythm of the past.

17 Oca

Emir iptal

Should've been more of a neutral at the moment, because there hasn't been a break and retest at the beginning of a momentum push. Price already has had a momentum push, so it might instead be depleted and wants to go down instead. The flag idea isn't gone, just saying it's possible it's just a total roof, so key is to wait for confirmation. Is a flag pattern respected as such, or is it an illusion? A confirmation will confirm with a better accuracy.