US30 Scalping Setup 1/21/22
The market has been bearish all week. The daily candle wicks have been filled and price keeps respecting market structure. Looks like there might be more bearish trend continuation if the lows created from yesterday are broken. If price fails to break these key levels, it can form support to then break the level of resistance and retrace the entire bearish move from yesterday. US30 likes to retrace its big moves made in the market, so either situation can happen. The key is to wait for NYSE open to determine which way will volume push price.
1. 1.Strong bearish candle
2. 2.Price formed a low
3. 3.Resistance was formed and currently bearish to retest the low
4. A break of the low can continue the bearish momentum to create a new lower low
5. Buying opportunity if price breaks 34815 to fill the clean traffic to the left
1. 1.Strong bearish candle
2. 2.Price formed a low
3. 3.Resistance was formed and currently bearish to retest the low
4. A break of the low can continue the bearish momentum to create a new lower low
5. Buying opportunity if price breaks 34815 to fill the clean traffic to the left
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