9-6-2020 - Tuesday - 4H US30

Since last week, price has been extremely bullish as it continue to make HH and HL formation. However, I believe that price is currently very extended to the upside and will potentially enter a deep correction before it continue to move higher.

As of now, price has not form any clear pullbacks indicating a formation of new HL structure. I will wait for price to show clearer price action before deciding to take a setup.