US30 Potential for Bullish Momentum

2022年8月26日

On the H4, with price moving along the ascending trendline and bouncing off the stochastic support, we have a bullish bias that price will rise to buy entry at 33481 where the pullback resistance and 50% fibonacci retracement are. Should price break entry structure, we would expect bullish momentum to carry price to take profit at 34271 where the swing high resistance, 127.2% fibonacci extension, -27.2% fibonacci expansion and 78.6% fibonacci projection are. Alternatively, price could drop to stop loss at 32612 where the pullback support and 38.2% fibonacci retracement are.

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