US 30 Strong Down Trend Forming, Key Support Broken

13 พ.ค. 2021

A downward impulsive wave (blue) has formed on this time frame that may be strong enough to reverse the overall upward trend found on higher timeframes (green). Price failed to trade above the 35310 target and instead has fallen below 33450. I will be watching out for proper reversal/continuation signals of this trend and share my findings.