21-5-2020 - H4 US30 - Potential retracement towards 62 level
Price has previously bounce on the 38 level and has now temporary formed a Double Top at the previous Resistance. I'll be expecting a shift of momentum to the downside as part of the deeper retracement.
I'll wait for clear market structure to form on the Lower TF before looking for a setup.
Bias = Bearish
Structure = Double Top, Potential to form range
Setup = Fib 2.0 second bounce
I'll wait for clear market structure to form on the Lower TF before looking for a setup.
Bias = Bearish
Structure = Double Top, Potential to form range
Setup = Fib 2.0 second bounce
