US30 Scalping Setup 01/25/22
Overview: The overall bias of the market is currently bearish. We have been dropping in price for basically a whole month with red day after red day. Price has not mad any kind of retracement so today might be that day. If not, the bloodbath may continue. We will see what happens once the market opens at 9:30am.
**Scenario 1: Price continues its bullish momentum during the open of the market at 9:30 once 34550 is broken and the target is 34800
**Scenario 2: Price fails to continue bullish and begins to break its low at 33940 to continue bearish until 33704
As always wait until the market opens and wait for your candle confirmation to enter
1. Price formed a low but had a strong rejection from the 33210
2. Formed a new high
3. Looks like Support has formed
**Scenario 1: Price continues its bullish momentum during the open of the market at 9:30 once 34550 is broken and the target is 34800
**Scenario 2: Price fails to continue bullish and begins to break its low at 33940 to continue bearish until 33704
As always wait until the market opens and wait for your candle confirmation to enter
1. Price formed a low but had a strong rejection from the 33210
2. Formed a new high
3. Looks like Support has formed
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