US30/USD Longs from 36000.0 up to 36750.0

OANDA:US30USD   US Wall St 30
US30 has followed the anticipated trajectory, and I foresee it reaching all-time highs (ATHs) very soon. However, given the recent impulsive upward movement in price, a pullback is likely imminent. This presents an opportunity for us to capitalize on, considering the presence of an 8-hour demand zone where the price could retreat to, regaining bullish momentum for another rally.

Conversely, there's also a possibility of the price surging directly into our daily supply zone, prompting a bearish reaction. While I anticipate the eventual failure of the daily supply, I can foresee price declining from that zone, providing potential selling opportunities.

Confluences for US30 Buys are as follows:

- Price has been impulsively bullish to the upside carrying lots of momentum.

- Overall trend on the higher time frame and lower time frame both show a bullish trend.

- Price left an 8hr demand zone for us to take buys from up to the ATH's

- Due to recent impulsive upward movements, a pullback in price is imminent.

- For the price to gather sufficient strength to reach all-time highs (ATHs), it must retrace back to a nearby demand zone.

P.S. As the price approaches all-time highs (ATHs), it wouldn't be surprising to witness a consolidation. In such a scenario, I anticipate a significant reaction from the daily supply, given its HTF significance. Conversely, should the price quickly exceed the latest supply zone, choosing buy positions would be a more feasible approach.



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