ARCSx

US 30 Analysis 14-11-2021

ARCSx Updated   
WEEKLY - Does not provide any valuable information other than the passing above a stress zone and a possibility of coming back to retest that same zone.

DAILY - Price doing a short pullback and on the last day of the week bullish engulfing the previous day. If we draw a Fibonacci retracement from the 35500 to the 36600 price is between the 61.80% and the 50% levels and there is a possibility, with the right price action, that price continues the bullish movement that we've been seeing. We'll have to wait and see but in my opinion the real moves will happen when price comes to retest the 35600 level just has I said in the weekly.

4H - From all that I can see if the price remains bellow the stress zone of 36200 I'm bearish to the 35600, but if if price breaks above the stress zone and does the right price action retest then I'm bullish to the 36800 area +/-.

1H - Same view as in the 4H chart.
Comment:
Happy with this one, on point as it should!

New idea posted with more information!
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