US30 - Once A Castle, Always A Castle!

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

📈US30 has been bullish, trading within the rising channel in blue.

After rejecting the $45,000, has been in a correction phase and approaching the lower bound of the channel.

Moreover, the zone marked in green is a strong structure.

🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the structure and lower trendline acting as non-horizontal support.

📚 As per my trading style:
As #US30 approaches the blue circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich