Itskaleel

US30 Intra-Week Analysis Sept 20th 2021

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 begin ranging between 34200 and 33800 as it rejects this key level. This may be a good area to enter a SWING TRADE to new All-Time-Highs, stops should be below the previous 4hr and obviously enter using proper risk management.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.