US30 WEEKLY FORECAST 07/04/2021

4 ก.ค. 2021

Well, past week was a movie in the markets. There were great movements on about all instruments, i mean after all that's what NFP brings to the table right. As nas100 and spx500 have been chilling at their all time highs, us30 seems to be the only lagger here. It is at a crucial area at the moment, extreme region of the 4H leg, this area is ultimately going to decide if bears still have it or the bulls have completely taken over. We see a beautiful reaction off of the 80% of the 2H extreme candle but the lower timeframe still remains bullish as bullish can get so the first sensible thing to do for me would be to look for longs inside the first level of demand on the 4H or the institutional candle to take us above past week highs causing a 4H break of structure to the upside, in which case i will be looking for signs of distribution on the lower time frames to eventually catch a buy from around the last point we see signs of re-accumulation.

THIS IS JUST MY ANALYSIS, IN NO WAY THIS IS FINANCIAL ADVICE! I AM NOT LIABLE FOR ANY OF YOUR ACTIONS IN THE MARKETS, TRADE RESPONSIBLY AND APPLY PROPER RISK MANAGEMENT. AFTER ALL THIS IS A MARATHON NOT A SPRINT!!!