US30 Sell Opportunity

If you have been following my analyses, you know that I am still bearish on US30 as it still hasn't managed to close a weekly candle above 34500 which is a very critical level if using Fibonacci and Elliott Waves. Looking at the 4H chart, we can see that the price has rejected the 78.6% Fibonacci Retracement level with wave (E) and now we are looking for a sell position to target 34226 as our first target.

Breaking 34226 will push US30 towards 33825 as our second target and even towards the bottom of the ascending formation around the 33600 area if the sellers' power were dominating the market.