US30 Index is currently trading on a key daily structure resistance. The market is consolidating on 4H time frame, forming a head and shoulders pattern.
If the price breaks and closes below its neckline (35330 level), I will expect a bearish continuation, at least to a support line of an expanding wedge pattern. Bearish breakout of the support of the wedge, will push the Index even lower.
Alternatively, a bullish breakout of the underlined blue structure on a daily will be a strong bullish signal.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.