US30 Potential Long Next Week

19 thg 11, 2021

Looking at US30 we can see that we're approaching the bottom of a trend channel. This bottom could potentially act as support for us and could be the beginning of the rally which will take us to all time highs. We are also approaching the 50 EMA which could also act as another layer of support for US30. If US30 manages to break this channel to the downside and the 50 EMA then there will be quite a bit more downside present in the market but for now I'll be looking for potential opportunities to long at that 35500 level which we should hopefully reach by Monday. If that level isn't reached then I'll still be looking for a bounce off the bottom trend channel at potentially other locations.