Prior to this analysis, I had published an analysis in daily timeframe. Check it out first. Now you see a setup for a sell position at a lower time frame (1H). If the price reaches the specified block order, we will wait for the trigger in the lower time frame (5m).
Here is my view for US30 on H1. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
The counter trendline is broken and the price is on a resistance level.
The price has just retested the level as per the analysis.
Creating A retest to the black zone before continuation of uptrend market
The market seems to be respecting the trendline, that will only be confirmed once the counter trendline is broken and the price push to the upside at this point is to see as to where the price will push to.
A strong short movement awaits Dove Jones and become to 30000
DAILY TAKEAWAYS: Last weeks TA played out perfectly. 1. Broke two BOS @ 31550 & 32650 2. Broke out of descending channel 3. Broke though major key level zone 32100 - 32450. Looking at what we see now. (4 HR) 1. US30 rejected off bottom of major zone 33350 - 33650. 2. US30 broke through 200 MA which could potentially change trend if a bounce retest is made. 3....
Hello everyoneeeeeeee If you just a little look to the chart you get anything Good Luck Abtin
Hello traders, Everything is clear on the chart for you like always. Good luck. If you like the idea, do not forget to support with a like and follow me for next analysis :) Write your comment and opinion below to me
US30USD YM1! DOW 2022 MAY 30 Week Last week market returned late weekto test edge of rotation zone. Note: Strongest demand volume observed since downtrend. Possible scenarios considered are: 1) Test rotation and rejected, for return to lower levels 2) (a) These levels become support for long (a) 33205 (b) 32728 (c) 31411 Price reaction levels Short on Test...
The price can still retest level 32760.1 as it was a resistance before it can push to the upside or it may pull back as the higher timeframe indicator that the price is at the confluence zone.
The daily chart is showing us that we are currently on a channel and is on a down trend.
The price is currently challenging the confluence zone. If the buyer are strong we are going to have a breakout but if seller are still in the zone we are going to have a strong rejection and more down move is to come. It is also important to know that we are still bearish in the market.
OANDA:US30USD A cup and handle pattern forming on US30 breaking resistance for a bullish setup on US30.
if we look at H1 timeframe, we will see nice double top. After 2 hours when New York session starts, we may see nice bearish candlestick.