I took a short on US30 1/2 hour ago at 4 pm today on the 22 Feb 2021. I am actually very adverse in trading US 30 burnt by it so trades this occasioanlly , but this trade has a huge potiential to turn out good.
Reason being, US30 has been making lower highs and testing support. One thing I can share is conventional support and resistance theory tell you that the more a support is tested, the stronger it gets. this support was already tested 5 times showing its very weak. However the opposite is true.
Furthermore at the weekly level last week US30 printed a doji suggesting it might a turning point, suggesting it might go now down to the origin of the move.