US30 Intra-Week Analysis April 19th 2022
Last week us30 continued to range between 34900-34200. Price action was nice as price respected the 34900, 34600, 34300 and 34200 key levels. We saw price reject 34200 with a triple bottom creating a new low, as we enter this new week price is forming a reverse head and shoulders candle stick formation which is a good indicator of bullish momentum entering the market. With the NY OPEN volume on April 19th we got a 500 pip bullish move breaking above 34600 and now retesting 34900. If we get a break and closure above 34900 that is confirmation for continued buys to atleast 35400.
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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.