US30 - POST NY SESSION ANALYSIS - 05122022
US30 - POST NY SESSION ANALYSIS - 05122022
Nice trading day today locking in about 300 points.
Got in at 11AM EST on a 15min exhausted bullish candle with a big wick.
Entered approximately 31800 and rode down to 31500.
Price has since pushed down further to approximately 31200.
Over the next hours of Asian and London session I am looking for price to pullback to approximately this same 31800 - 32000 level.
If it does, I will be looking for exhaustion/reversal patterns forming with confluences of being near previous structure highs, fib PRZ levels, and supply/demand areas.
By the end of this week, price may potentially drop all the way to the weekly support/resistance level of approximately 30900.
Have a good night and see you before NY session tomorrow!
Nice trading day today locking in about 300 points.
Got in at 11AM EST on a 15min exhausted bullish candle with a big wick.
Entered approximately 31800 and rode down to 31500.
Price has since pushed down further to approximately 31200.
Over the next hours of Asian and London session I am looking for price to pullback to approximately this same 31800 - 32000 level.
If it does, I will be looking for exhaustion/reversal patterns forming with confluences of being near previous structure highs, fib PRZ levels, and supply/demand areas.
By the end of this week, price may potentially drop all the way to the weekly support/resistance level of approximately 30900.
Have a good night and see you before NY session tomorrow!
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.