US30 A new S&R Zone formed on the Hourly that continues to move within a multi-tiered Inside Day pattern for a market pause - consolidating within it until a breakout from either the pattern's high of 44,488 or low of 44,213 (shown as two orange lines).The Bearish Pinbar (as tall Shooting Star) has a tall upper wick (that needs to get filled. It also rejected the Bullish Trendline (in green dotted line) and breakout from the Inside Day's high of 44,488, while within the S&R Zone.
Let's see if there will be a breakout from consolidation, above or below the S&R Zone. If going above it, maybe the bulls can break the trendline to close above it, flipping the market bias from bearish to bullish.
