US30 Weekly forecast 8/16/22
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US30 has been in consolidation since its is near a long term bearish trendline. I am expecting that price would eventually want to interact with this trendline noted in red. This consolidation highlighted may use a false break out, and eventually rollover and start creating short opportunities. This is a time where it smart to sit on your hands and DILIGENTLY watch for a position that makes sense. Keeping your eyes on the higher time frame will help you on this one and market structure.
Note
Reanalyzing since this concept is complete
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