US30 (DOW JONES/ WALLSTREET 30) MARKET ANALYSIS
Good evening traders, an insight into the US30 market as it is the 2nd day of the trading week and what opportunities it presents. I hope you're all well and doing okay. Price rallied from the major H4 & daily demand zone at 28864.28 & 28621.70 to the major H4 & daily supply zone at 30379.39 & 30002.47, breaking it and forming a higher high at 30823.20 on H1 & H4. Price dropped to retest the broken supply as new demand before a continuation of the rally forming a new bullish range. I missed out on optimum entries at the retest of the new demand zone but looking for potential buy positions as the market structure shifted to bullish.
Price dropped back to the broken supply for another retest on H4 before a continuation of the rally. Took buy positions during late NY session at 30396.10 with SL at 30103.74. Setup taken is a rally base rally, a continuation setup. Price dropped into demand, formed rejection wick and H4 candle close above demand showing good confluence for the bullish bias. However I'm still waiting on better confluence and more momentum supporting the bullish sentiment.

Price dropped back to the broken supply for another retest on H4 before a continuation of the rally. Took buy positions during late NY session at 30396.10 with SL at 30103.74. Setup taken is a rally base rally, a continuation setup. Price dropped into demand, formed rejection wick and H4 candle close above demand showing good confluence for the bullish bias. However I'm still waiting on better confluence and more momentum supporting the bullish sentiment.

Price rallied to the 1st H1 high at 30829.67, failed to take it out and dropped again before London session. As we got into London session I was looking at 2 scenarios, either price drops back to demand and goes lower or price takes out the H1 high at 30829.67 and continues rallying. Price failed to take out the H1 high and instead dropped back to demand closing my positions at break even. Price dropped back deep into demand, formed a H4 rejection wick followed by a candle close above demand showing the demand zone still holds. However price is still forming lower highs so there's still not a shift in market structure to bullish yet.
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