US30 - Sell Setup Forming!

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US30 is approaching a strong rejection area in green so we will be looking for sell setups on lower timeframes.

on H4: US30 is forming a wedge pattern in red but the lower trendline is not valid yet, so we will be waiting for a third swing low to form around it to consider it our trigger swing. (projection in purple).

Trigger => Waiting for that swing to form and then sell after a momentum candle close below it (gray zone)

Until the sell is activated, US30 would be overall bullish and can still trade higher.

And of course, as US30 approaches the lower brown trendline, we will be looking for trend-following buy setups.

Good luck!

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~Rich

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