US30 (DOW JONES/ WALLSTREET 30) MARKET ANALYSIS

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 Good morning traders, I hope you're all well and doing fine. Into the markets today, US30 price dropped back to the daily demand level at 31687.98 & 31289.90 and closed the previous market week inside demand. Market opened with price inside demand, formed rejection wicks followed by a small rally. Price filled the major daily range from the daily demand to supply at 34179.1o & 33852.10 and back to demand. Took buy entries yesterday during London session at 31412.40 with SL at 31070.31. Setup taken is a drop base rally, a reversal setup and my 1st target is at the 1st H4 high at 32342.58. 






Price has been in consolidation at demand without any major movements the whole of yesterday. Today price has shown some bullish momentum as London session has opened about 30 minutes ago. My bias still remains bullish and my targets unchanged for this trade.






Price faked out a rally to 31549.59 then dropped back into demand again, taking out my positions and hitting SL. Price dropped back into demand, formed candle close inside demand followed by a strong H4 bullish engulfing candle that closed above demand. Took buy entries next day during NYSE at 31475.30 with SL at 31262.02. Setup taken is a drop base rally, a reversal setup.





Price rallied 540 points to the 1st H4 high at 32011.44 and still showing more bullish potential to my area of interest on H1 & H4 at 32307.22 which was my target. Price gained momentum, rallying 800 points to the H4 high and minor supply at 32264.15 until markets closed for the weekend.
Markets opened today with price still on a strongly bullish trend as price hit my target at 32307.22 during London session and still showing more bullish potential. Once price completely takes out the minor H4 supply, I anticipate a continuation of the rally to 33344.70, the next H4 high.













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