he current situation for US30 lacks interest as price has already cleared a significant portion of the supply, resulting in a bearish move to eliminate remaining trendline liquidity. Currently, I am patiently waiting for a new break of structure to occur and the formation of a fresh supply zone. This will provide an opportunity to initiate sell positions targeting my Demand zone POI at 36700.
Alternatively, if a break of structure doesn't materialize, I'll look for price to descend, fill the imbalance, and accumulate around my 4hr demand zone. From this point, I anticipate a new upward rally, allowing for potential buy entries in line with the bullish trend.
Confluences for US30 Buys are as follows:
- Bullish pressure weakens, evident in a CHOCH and confirmed by a BOS
- A demand zone below triggered a break of structure to the upside.
- The market trend is bullish, aligning with this idea.
- Imbalance above the demand signals favourable reaction at my POI.
- Abundant liquidity above, including trend lines and untouched Asian highs.
- Price needs to dip to a significant demand level for an upward rally to persist.
P.S.If price doesn't reach that low, I'll patiently await another upside break, leaving behind a demand zone for potential buys. Currently, my primary point of interest is at 36700.0, so observing price action at this moment is preferable.
Hope everyone has a profitable first month!
Alternatively, if a break of structure doesn't materialize, I'll look for price to descend, fill the imbalance, and accumulate around my 4hr demand zone. From this point, I anticipate a new upward rally, allowing for potential buy entries in line with the bullish trend.
Confluences for US30 Buys are as follows:
- Bullish pressure weakens, evident in a CHOCH and confirmed by a BOS
- A demand zone below triggered a break of structure to the upside.
- The market trend is bullish, aligning with this idea.
- Imbalance above the demand signals favourable reaction at my POI.
- Abundant liquidity above, including trend lines and untouched Asian highs.
- Price needs to dip to a significant demand level for an upward rally to persist.
P.S.If price doesn't reach that low, I'll patiently await another upside break, leaving behind a demand zone for potential buys. Currently, my primary point of interest is at 36700.0, so observing price action at this moment is preferable.
Hope everyone has a profitable first month!