US30/USD Longs from 38600.0

由Hassan_fx提供
My bias remains strongly bullish for US30 this week. We've witnessed another significant break in structure to the upside, accompanied by robust bullish momentum, reinforcing the prevailing trend. I anticipate a retracement back to a demand level to sustain this upward movement.

Upon reaching the daily demand zone, I'm eyeing a refined 10-hour demand zone for a potential bullish reaction. Additionally, I'll be on the lookout for a Wyckoff accumulation pattern within this area

My confluences for US30 Buys are as follows:

- Price broke structure to the upside once again leaving a clean daily demand.

- Overall trend and the current trend remain to be very bullish.

- Candlestick anatomy also shows that bulls remain stronger than bears.

- Can expect a pullback to mitigate the levels of demand.

- Wick left to the upside that needs to get filled and price has been moving impulsively.

P.S. We observed a minor sell-off two weeks ago, followed by a resurgence that breached the previous high. Currently, I'm not actively seeking selling opportunities. However, I wouldn't be surprised if price establishes a supply zone, offering a chance to sell back towards the marked demand zone.
Beyond Technical AnalysisSupply and DemandTrend AnalysisUS30us30analysisus30bullishus30buysus30ideaus30indexus30longus30trendus30update
Hassan_fx

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