US30 is trending down (bearish) and hasn't seen these levels since March 11th 2021. The last time this level was touched was to create a new ALL TIME high back in March 11th 2021.
4 TIME FRAME ANALYSIS
1. Major support / resistance zone 32050 - 32450 was broken during the NY session.
2. Broke back into zone with consecutive bullish candles. (NEED to see a bullish engulfing candle)
3. BOS / break of top of descending channel is needed.
Major Bearish Areas
31200
29600
4 TIME FRAME ANALYSIS
1. Major support / resistance zone 32050 - 32450 was broken during the NY session.
2. Broke back into zone with consecutive bullish candles. (NEED to see a bullish engulfing candle)
3. BOS / break of top of descending channel is needed.
Major Bearish Areas
31200
29600
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