US30 Intra-Week Analysis Mar 14th 2022
Last we a saw bearish push back to the 32300 supply zone rejection after picking up orders then a continuation bullish, still respecting the overall trend. We are in a consolidation zone on higher timeframes between key levels 32300 and 33600, waiting for confirmation of prices direction. This week price seems to forming a symmetrical triangle, which is a good indicator because as price becomes more congested a break out in either direction will indicated the overall direction, likely we'll see a bullish breakout and continuation to retest 33600.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.