US30 Intra-Week Analysis Nov 15th 2022
Last week we saw price break above 33500 and begin trading above, leading us to expect a push to key level 34000 which we saw. Price has begun reacting at this key level 34000 that we've visited and rejected 2 other times. As we've now formed a triple top on higher time frames and now on the intra-day time frames, price action and probability can lead us to assume we will likely reject a third time and begin a more bearish bias from this price point. Valid sells below 33500 otherwise, there's a clear range for buys to 35k if we see breaks and closures above 34k.
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Disclaimer
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.