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US30 - Breakout Setup

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US30 has been in a bullish trend on 1H. Price has recently bounced off an important Resistance Zone that may caused a trend reversal.

The Bearish Bias is based on the following confluence:

  • Price has stopped making HHs and HLs
  • Resistance Zone (1W, 1D, 4H, 1H) rejection
  • Horizontal Support breakout with Bullish Engulfing candle
  • Rising support breakout with Bullish Engulfing candle
  • Bearish Divergence on RSI (1D, 4H, 1H)
  • OBV Divergence (1D, 4H)


Trade safe. Hit like & follow for more analysis.

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