US30 Intra-Week Analysis Mar 21st 2022
Last week price had a 1600 pip bull run to the 34800 key level, as expected we saw price congestion leading to a break out to the upside and continued wick fills as price closed above demand zones. Momentum has slowed as it respects the current downtrend line leading into this week. It's likely we'll see a bearish reversal but confirmation for sells will be valid if price closes below 34400. If we get a closure above 34800 its likely we'll see price breakout of this downtrend and continue to All-Time-Highs.
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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.