US30 Analysis
Quick update on US30
We've gotten another bullish move starting from Thursday, and i see the possibility of this trend continuing but not for too long.
Two possible resistance points - 34.3K, which I have marked looking at it from the Daily perspective. This is also a Weekly Timeframe level, and we've gotten many rejections from here and i wouldn't be surprised if we could get some type of rejection again. And another area I'm interested in would be 34.6K, if we do get a break through the 34.3K level, which is our Monthly Level.
The monthly level of 34.6K is honestly the best potential price point overall to look for the actual trend reversal, but it's also still possible in my opinion for price to potentially even reach 35K again back from the December CPI Report if price doesn't respect that resistance. I know this may sound crazy, but only time could tell. And getting into details about the thought of 35K - if you go look over any of my published trading ideas where I've mentioned potential Direction Wicks, price has always made its way to that price point again. And the Daily Wick from Dec 13th, has a Potential Direction Wick leading us back to the 35K.
This is just my Personal Opinion, Trade Safely!
We've gotten another bullish move starting from Thursday, and i see the possibility of this trend continuing but not for too long.
Two possible resistance points - 34.3K, which I have marked looking at it from the Daily perspective. This is also a Weekly Timeframe level, and we've gotten many rejections from here and i wouldn't be surprised if we could get some type of rejection again. And another area I'm interested in would be 34.6K, if we do get a break through the 34.3K level, which is our Monthly Level.
The monthly level of 34.6K is honestly the best potential price point overall to look for the actual trend reversal, but it's also still possible in my opinion for price to potentially even reach 35K again back from the December CPI Report if price doesn't respect that resistance. I know this may sound crazy, but only time could tell. And getting into details about the thought of 35K - if you go look over any of my published trading ideas where I've mentioned potential Direction Wicks, price has always made its way to that price point again. And the Daily Wick from Dec 13th, has a Potential Direction Wick leading us back to the 35K.
This is just my Personal Opinion, Trade Safely!
Penafian
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