US30 - PRE NY SESSION ANALYSIS - 05092022
The bears have continue their push down starting off this new week, getting down into the 32500 range.
I anticipate that price will continue to drop as there are no major support levels to hold price up for a good ways.
I am looking and waiting for a pullback to previous levels of supply/demand and then exhibit signs of exhaustion and reversal on the lower timeframes up to H1 to consider an sell entry to continue the downward wave.
At the time of this writing I don't see that entry opportunity yet but I will have my eye on it.
Happy Monday!
The bears have continue their push down starting off this new week, getting down into the 32500 range.
I anticipate that price will continue to drop as there are no major support levels to hold price up for a good ways.
I am looking and waiting for a pullback to previous levels of supply/demand and then exhibit signs of exhaustion and reversal on the lower timeframes up to H1 to consider an sell entry to continue the downward wave.
At the time of this writing I don't see that entry opportunity yet but I will have my eye on it.
Happy Monday!