US30 wheeeww weee lol gotta love days like this. Where your first bias was correct but then you lose the mental battle. I love learning days. Looks like we’re heading towards 40,600 which will give us a nice bull day tomorrow if price reacts accordingly!!!
US30 so the supply zone of 1 hr at 41161 and 41171 reacted so perfectly , given a lot more, today was fantastic, catched a sell from 41430 to 40750 and another one at 41160 to 40750
US30 As the bears touch down on the S&R Zone below them, the bulls may show up in the new hour for a retrace that retests the Bullish Trendline (in green dotted line), then head back down again, towards the Swing Low of 40,607 and further. But if the bulls don't show up, the bears will just drop down more.
US30 On the Hourly that is flipping to Bearish (directional) Market Bias from the bears pushing below the Bullish Trendline (in green dotted line) and going past the S&R Zone after a Bearish Pressure Zone formed (from the upper wicks of the last three candles in succession). There's a S&R Zone below that the bears have to contend with too.
Watch in the new hour if a bullish candle forms to fill the upper wick of this giant Shooting Star (that rejected the S&R Zone above). The bulls can fill it part way or in full, then the bears can head down from there. If this doesn't happen, then the upper wick fill will happen eventually.