Itskaleel

Itskaleel

It was noticeable that price exhaustion was going to occur after that huge bull run, along with price action confirmations. The swing trade I called played out perfectly and both targets were hit. 350 pips were caught. Look out for the next Weekly Analysis on Sunday.

Itskaleel

Us30 formed a perfect head and shoulders after rejecting the new ATH which is a strong indication that price will continue down. The previous 1 hour candle breaking and closing below 36300 tells us that price action should fill that wick and clear the range till 36100. Target 1 I have as 36100 and Target 2 as 35600.

Itskaleel

In the previous week we saw us30 continue bullish on a steady uptrend and sit strictly between the trend line until the friday which is when we saw a huge bullish breakout of the trend as a result of the NFP(None Farm Payroll) news. NFP typically has a big effect on price as its directly correlated to the US economy and comes out the first friday of every month....

Itskaleel

As expected last week continued its bullish run printing new All-Time-Highs after a slight pullback to respect the trend. This week i wouldn't expect anything much different as us30s bias is still very bullish. Unless we have valid confirmations from price action and candle sick formations indicated a reversal or beginning of a down trend.

Itskaleel

For the past week and a half us30 has been on a steady uptrend, after rejecting the 34200 level it maintained its bullish momentum for about 1600 pips so far creating a New-All-Time high of 35760. I'd never recommend trading against the trend with us30 so this week we should still see more of a bullish bias with possible pullbacks but i wouldn't be surprised if...

Itskaleel

Last week we saw us30 start off the week ranging between 34400-33800 then creating a nice double bottom rejecting the 33800 zone indicating a bullish move. Which then us30 pushed all the way to the 35000 area to end the week off. This week i wouldn't expect much volume to start as its a holiday but we could see us30 pull back slightly then begin to range and end...

Itskaleel

After starting last week at 35000 us30 was bearish majority of the week and dropped about 1500 pips all the way to the key level of 33600 which we saw it reject as-well the week before. If it fails to break that level this week we can likely assume that we'll see more of a bullish trend in the coming days/weeks. I'll be watching the daily timeframes for more of a...

Itskaleel

Last week as predicted we saw a bullish run after a perfect double bottom and other candle stick formations all indicating the reversal. If you entered the swing trade called last week it would've paid in full. This week we can expect a continuation of this bullish momentum potentially making its way to new All-Time-Highs. US30 always repeats itself so look for...

Itskaleel

Last week us30 made a final push up to retest the trend line before continuing down and ending the week off around 34400 then continuing that momentum leading into this week us30 already dropped to 33600 and is now rejecting that key level with a nice bullish hammer candle on the 4hr which is a good indication of a reversal. I'd expect us30 to continue bullish or...

Itskaleel

Last week as expected us30 began its downtrend to the key level of 34600 after rejecting previous All-Time-Highs multiple times. This week i'd expect to see a slight push back up to correct last weeks bearish move and then begin playing in this lower range. I don't see a move much lower yet unless price action begins proving otherwise.

Itskaleel

The past 2 weeks us30 has been playing in the 300 pip range of 35200 and 35500. On the daily timeframe we've seen it reject the key level of 35000 multiple times implying we can either expect it to bounce off the trend line and continue the overall bullish momentum to All Time Highs or price exhaustion could begin taking place with a break out below 35000 and...

Itskaleel

Last week us30 created a new All Time High right before breaking out of this 2 day uptrend, ending the week just over 1000 pips below the ATH. Which isn't surprising as us30 periodically has very aggressive pullbacks to correct but still respect the overall bullish run we've been on which you can vividly see on the daily timeframe. This week we can expect us30 to...

Itskaleel

Last week us30 had a slight pullback to the 35050 area before continuing its steady uptrend and ending the week about 600 pips past the previous All Time High. This week we can expect to see us30 begin playing within this new range of 35600- 35300 and then with this bullish momentum we could likely see it still pushing up and creating new ATHs towards the end of the week.

Itskaleel

Last week as predicted we saw a huge 500 pip sell off rejecting the previous All Time High and breaking out of the previous 35200- 34800 range us30 was stuck in. After this stop hunt us30 continued bullish around 75 pips past previous ATH creating a new one. This week we could expect to see a slight continuation of this overall up trend if/after a rejection of the...

Itskaleel

As expected last week us30 struggled to break previous ATHs while rejecting that level multiple times and ranged between 35200 and 34800 with no breakouts. This week we should expect to see a breakout in either direction, mainly a bearish bias right now but i'll be using price action to determine which direction we'll see us30 going this week.

Itskaleel

Last week us30 began by dropping almost 1000 pips in one day from 34700-33800 then held a steady up trend back to previous ATHs of 35100 to end the week. This week looks like us30 will continue hold in the range of 35100- 34800 again but with the possibility of breaking out past 35100 and creating a new level above and new ATHs.

Itskaleel

Last week us30 made a push to previous ATHs then began to range between the 35100 and 34700 levels (as called in last weeks analysis) before breaking out towards the downside to retest the lower trend line at 34500 still respecting the overall bullish trend from june 20th. This week looks like either a rejection of 34500 then a continuation bullish past previous...

Itskaleel

Last week us30 began a slight downtrend from the 34800 area before rejecting a key resistance level of 34200 and pushing back up to 34800 to end the week. Still respecting the overall bullish trend that began on June 20th and still staying within the zones ( blue uptrend lines). This week looks like a continuation of that uptrend so far but we can expect to see...