US30 PRICE POINT THEORYSo I'm away on holiday at the moment and am experimenting on a few ideas that have been running through my head these past few months
so we are going to see one here with U30
the initial drop was inside a range for 3-4 phases before it drop and I went in to calculate the amount of points that it did
and guess what it was about 1530 in price terms
and after that drop we had a pull(small one I might add ) then price dropped again and to my surprise the close of the last low was exactly 1530 as well
coincidence maybe ,,but hindsight we need a relief to cover the drop that happened these past few days
I have allocated the pricings for the targets on both pushes upwards in the next few days
lets see how this plays out .
Usd30long
US30 Scenario!!If the price holds the important support around 26,400 we will see new highs in mid-term
US30USD Approaching Support, Potential Bounce!US30USD is approaching its support at 23913 (78.6% Fibonacci retracement , horizontal swing low support) where it could potentially bounce to its resistance at 25459 (50% Fibonacci retracement , horizontal swing high resistance). Stochastic (21,5,3) is approaching its support at 6.2% where a corresponding bounce could occur.
