Hello, everyone, there is a lot that could happen in the upcoming days which as you can guess will bring along fear and volatile throwing any technicals out the window. But until that happens let's look at what this chart tells us.
We have a massive gap that formed upon open leading me to believe we are heading to close that before any further movement to the downside occurs. The US30 at close on Friday was facing a strong resistance which during the current situation I do not see us breaking through.
My opinion is that we will see a rejection around the 34100 area sending the US30 into free fall. Maybe we will see one last desperate push from the bulls to get us to the 34500 area but all this will do is destroy any deluded bulls who think they can get back to their precious ATH.
Don't be the one to get caught out, the market doesn't forgive, be ready for the upcoming chaos.
As always trade safely out there :)
We have a massive gap that formed upon open leading me to believe we are heading to close that before any further movement to the downside occurs. The US30 at close on Friday was facing a strong resistance which during the current situation I do not see us breaking through.
My opinion is that we will see a rejection around the 34100 area sending the US30 into free fall. Maybe we will see one last desperate push from the bulls to get us to the 34500 area but all this will do is destroy any deluded bulls who think they can get back to their precious ATH.
Don't be the one to get caught out, the market doesn't forgive, be ready for the upcoming chaos.
As always trade safely out there :)
We might see another test of the range up at the 33950 area.
Lets see what happens next :))