US30: More Room to the Upside in 2024
https://www.tradingview.com/x/7quds98d/
Timeframe: 1-Hour
Market Bias: Bullish Market Bias
1. From Support and Resistance Zone, the Bear Run began.
2. An unusual Bullish Pin Bar formed with an excessively long lower wick from bullish pressure. It rejected the Support & Resistance Zone below it. The Bullish Pin Bar
is also an Anchor Bar that is a climatic move: a version of Support and Resistance for
price action to move between its high and low with a breakout from either end of the Anchor Bar.
3. The Bullish Pin Bar formed a Bullish Pressure Zone with the lower wicks of the two, succeeding candles. Their wicks show LOTS of bullish pressure built up to make a BIG move
going UP. The three candles that formed on Friday, from 2 - 4 p.m. also formed a Double Inside Bar for an EXPLOSIVE move coming - more likely to the Upside.
*Special Considerations: Potential Take Profit to the Upside is 39209 in the long term, as long as bias is predominately Bullish Market Bias.
And, Potential Take Profit to the Downside is 36565 for the long term, as long as bias is predominately a Bearish Market Bias.
Timeframe: 1-Hour
Market Bias: Bullish Market Bias
1. From Support and Resistance Zone, the Bear Run began.
2. An unusual Bullish Pin Bar formed with an excessively long lower wick from bullish pressure. It rejected the Support & Resistance Zone below it. The Bullish Pin Bar
is also an Anchor Bar that is a climatic move: a version of Support and Resistance for
price action to move between its high and low with a breakout from either end of the Anchor Bar.
3. The Bullish Pin Bar formed a Bullish Pressure Zone with the lower wicks of the two, succeeding candles. Their wicks show LOTS of bullish pressure built up to make a BIG move
going UP. The three candles that formed on Friday, from 2 - 4 p.m. also formed a Double Inside Bar for an EXPLOSIVE move coming - more likely to the Upside.
*Special Considerations: Potential Take Profit to the Upside is 39209 in the long term, as long as bias is predominately Bullish Market Bias.
And, Potential Take Profit to the Downside is 36565 for the long term, as long as bias is predominately a Bearish Market Bias.
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