From late August to late October us30 was in a bear market rally dropping 5000 pips to pre pandemic highs due to continued FED rate hikes. As FED speakers began to decrease their hawkish tone and discuss their anticipation for less rate hikes in the coming months us30s price began to reflect this as it rejected at the 28900 lows creating a double bottom and forming a demand zone before continuing bullish to now 33100. From this price level if FEDs continue with aggressive rate hikes while Fear, Uncertainty and Doubt (FUD) effect the markets we'll likely see price reject the 33500k key level and begin another bear rally, respecting the overall Higher-Time-Frame downtrend. Or if we see a more optimistic FED impact and continued talks of lower rates than we could likely see price break out above 34000k key level and begin a bull cycle back to ATHs.