US30 longMonthly;
We had a monthly candlestick closure that is very indecisive and we cannot tell if price is headed upwards or downwards
Weekly;
The previous week's candlestick closed above 38,500 which is a major liquidity region
The next major region is 39,100 (which is also the daily region)
There is also a head and shoulders formation which indicates that price is headed upwards
Daily;
From a daily perspective, I expect price to continue going upwards.
However, there is a chance of seeing a retest of 38620, which is a major region of support.
Price may test 38620 before going upwards so as to collect orders.
Since there is no sign of retracement, I just have to sit on my hands and wait.
4 hour;
38,715 is such a massive region where orders are collected.
For now I am sitting on my hands as I wait for price to fully show me what is happening.
