US30 Daily Outlook - 06 Dec, 2022
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Merry Xmas folks!
Am back fresh and stronger!
US30 has been ranging between 33500 and 34500 since November 22, 2022 (see psychological levels on chart).
Daily TF looks very bullish where we expect a flip of the daily candle for price to continue heading downwards with targets between 33824 and 33611 levels.
Moving to intraday (4H, 1H, M30 TF), with strong support at 33871 area, price may yet create another wick rejection around that area. This level could serve as sniper entry (if and only if you wait patiently to see price hit and close above the 33871 price level- i recommend you use lower time frames to get in at a very profitable price).
Fibonacci retracement tool have been used to make out possible sniper entry area for proper guidance as well. Patiently wait for price in 30 mins/1H TF to hit and close above the fibo level then apply breakout strategy to get in as required and use your risk management strategy to place SL.
I hope this yield great results for us all.
Disclaimer: This is just an idea and never a green light to expose your capital to wall-street wolves. Do not take this as a financial advice hence follow my recommendations at your own risk(s)
Am back fresh and stronger!
US30 has been ranging between 33500 and 34500 since November 22, 2022 (see psychological levels on chart).
Daily TF looks very bullish where we expect a flip of the daily candle for price to continue heading downwards with targets between 33824 and 33611 levels.
Moving to intraday (4H, 1H, M30 TF), with strong support at 33871 area, price may yet create another wick rejection around that area. This level could serve as sniper entry (if and only if you wait patiently to see price hit and close above the 33871 price level- i recommend you use lower time frames to get in at a very profitable price).
Fibonacci retracement tool have been used to make out possible sniper entry area for proper guidance as well. Patiently wait for price in 30 mins/1H TF to hit and close above the fibo level then apply breakout strategy to get in as required and use your risk management strategy to place SL.
I hope this yield great results for us all.
Disclaimer: This is just an idea and never a green light to expose your capital to wall-street wolves. Do not take this as a financial advice hence follow my recommendations at your own risk(s)
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