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ryanweier
May 12, 2022 8:23 PM

US30 - POST NY SESSION ANALYSIS - 05122022 Short

US Wall St 30OANDA

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US30 - POST NY SESSION ANALYSIS - 05122022

Nice trading day today locking in about 300 points.

Got in at 11AM EST on a 15min exhausted bullish candle with a big wick.

Entered approximately 31800 and rode down to 31500.

Price has since pushed down further to approximately 31200.

Over the next hours of Asian and London session I am looking for price to pullback to approximately this same 31800 - 32000 level.

If it does, I will be looking for exhaustion/reversal patterns forming with confluences of being near previous structure highs, fib PRZ levels, and supply/demand areas.

By the end of this week, price may potentially drop all the way to the weekly support/resistance level of approximately 30900.

Have a good night and see you before NY session tomorrow!
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