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!