US30 (DOW JONES/ WALLSTREET 30) MARKET ANALYSIS

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 Good morning traders, I hope your weekend is going on well and you're all okay. Into the US index markets, US30 price dropped to a key demand level on H4 and the daily chart at 31687.98 & 31302.14 which is the previous H4 and daily bullish BOS. Price has filled the major daily range from demand to supply at 34105.48 & 33737.83 and back to demand. Price dropped inside demand, formed H1 & H4 candle close inside demand followed by a rally out of demand in form of a large bullish engulfing candle on H4. 
Took buy entries during London session at 31624.10 with SL at 31430.03, before the expected NFP report release on Friday during NY session. Setup taken is a drop base rally, a reversal setup and my 1st target is at 32360.01.



Price formed more rejection candles followed by another push up during the NFP release as price gained momentum, rallying 405 points to the 1st H1 high at 32030.94. Price rallied to the H1 high and failed to break it showing possible reversal signs hence closing my positions. Price dropped back to demand closing the week at 31385.00 back inside demand.



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