Last week we got the bullish move to 32500 as expected then price broke above and continued to test the 33500 area, creating a supply zone at this price sensitivity area. We then had price reject and pull back to the key level 32500 and end the week within this intra-week range of 33500 and 32500. This week as we begin to see some buyers exhaustion and continued...
Last week we saw us30 make that expected move to 32500 after the closure above 31600. We then broke above 32500 and continued to test 33500 before coming back down to the key price sensitivity level of 32700. For the rest of the week as we approach 32600 if we get the break below we can expect price to continue bearish making its way back to previous lows or if...
Last week we saw us30 begin the week with a very short lived pull back the key price sensitivity zone 32600 which is only maintained this bearish structure. We then had sellers drive us back down to the previous lows of 31300 which we broke below shortly after to then bounce off 30800 creating a new low and ending the week back at 31300. This week as we’ve began...
Last week we saw the market cycle beginning to shift as investors begin to price in these aggressive rate hikes. Us30 broke the yearly lows of 32k and drove deeper to test 31200 before rejecting and coming back up to end the above 32k. As sellers continue to print lower lows our bias is still toward the downside. This week we've already came back up to retest a...
Last week began with very low volume and price was just ranging between 33k- 33300 as we were waiting in anticipation for the FOMC rate data to come out. That bull run we saw to 34k on us30 was price reacting to FOMC discussing the 50 bps rate hike as-well as a neutral statement from Powell repeating similar info from his IMF. That move was simply a short lived...
Last week we saw price range between 33200 and 34100 as sellers began taking profits but continued Fear, Uncertainty and Doubt from the IMF meeting impacting price. To end the week we saw buyers try to squeeze in more positions, then a failure to break above 34k and continued outflow to the downside where price came to retest 33k. What i'd expect to see this week...
As expected we got the bullish push on us30 to retest the previous highs of 35400 area. Then as we priced in the IMF meeting discussing rate hikes we saw a huge 1500 pip bear run to 33600 breaking below the previous lows of 34200. Then with a retest of 33500 we failed to break lower creating an order block, consolidation zone and price came back up to slightly...
Last week us30 continued to range between 34900-34200. Price action was nice as price respected the 34900, 34600, 34300 and 34200 key levels. We saw price reject 34200 with a triple bottom creating a new low, as we enter this new week price is forming a reverse head and shoulders candle stick formation which is a good indicator of bullish momentum entering the...
Last week we saw us30 respect the 34200-35400 level 2 range its in and create a steady downtrend to retest the key level/ lower supply zone of 34200. On higher timeframes its evident us30 is forming an uptrend, it formed a level 1 range from 32300-34000, broke out then entered the level 2 range from 34200-35400. For this uptrend to be respected i'd expect to see...
After the russian invasion we saw an influx of investors buys at the bottom around 32400 which led to the bull run we saw and a breakout of the downtrend price has been in since the start of Q1. As we enter Q2 and investors take profits around 34800 we saw lower volume the previous week and price ranging between 34550 and 35400. This week expect price to retest...
Last week was a very a low volume week as price is ranging between 34400 and 34900 after the previous weeks bull run, which is not uncommon after moves as such as price exhaustion takes place and us30 begins to collect orders. No real confirmation of direction can be made until we either get a closure above 35000 for buys or below 34300 for sell, just trade...
Last week price had a 1600 pip bull run to the 34800 key level, as expected we saw price congestion leading to a break out to the upside and continued wick fills as price closed above demand zones. Momentum has slowed as it respects the current downtrend line leading into this week. It's likely we'll see a bearish reversal but confirmation for sells will be valid...
Last we a saw bearish push back to the 32300 supply zone rejection after picking up orders then a continuation bullish, still respecting the overall trend. We are in a consolidation zone on higher timeframes between key levels 32300 and 33600, waiting for confirmation of prices direction. This week price seems to forming a symmetrical triangle, which is a good...
Last week we saw a lot less volume in the market compared to previous weeks due to the russian invasion and all the recent news setting into the price. Which is why we saw price correct and range between the key levels 33000 and 34000. This week price looks like it has neutral bias until we break out in either direction so if we see a break and closure below 33000...
Last week as we know Russia began it's invasion on Ukraine, which had a huge impact on U.S Stocks. We saw us30 drop around 1000 pips in just a couple hours after the news hit, then respected the lower trendline creating a consolidation zone at 32300. With investors flooding into the market to capitalize on this low price we saw a rejection of this price then...
Last week we saw us30 begin the week bullish to correct the bearish move that occurred the week before and collect liquidity before continuing bearish to respect the downtrend, ending the week at key level 34000. This week can expect us30 to continue bearish to 33600 and reject this historical resistance level of before seeing another bullish move. We also got a...
Last week we saw us30 struggle to break above 35800 and drop around 1000 pips to retest the key level 34800 and consolidate after breaking structure. This week so far price created a low then rejected the consolidation level indicating a bearish move. If we see us30 break these lows then expect a continuation bearish while respecting the bearish downtrend price has formed.
Last week we got the initial break above 35000 and as expected a continued bearish move to 35600. US30 continued the week ranging between those 2 levels. This week as price sits right above 35000 struggling to break below its likely we'll see another move back up to 35600, if we break above expect price to make its way back up to All-Time-Highs. Without a break...