Itskaleel

Itskaleel

After creating a double top at All-Time-Highs, us30 began a steady bearish correction back to the 37200 key level. Then rejecting and still maintaining the overall bearish market structure on higher timeframes. Now looking on the daily timeframe we see a strong hammer head candle formation after rejecting 37200, indicating a reversal and potential bullish move....

Itskaleel

Us30 has just been consolidating at these highs for the past couple weeks, while still maintaining this bullish market structure. Last week with CPI coming in fairly neutral we saw another retest of the previous All-Time-High before coming back down to test 38650, respecting this lower time frame uptrend. With continued rate cut bets holding wait and decreasing...

Itskaleel

As expected, once we saw price trading below 38800 we got the bearish move to continue down to test the 38500. After seeing a lot of back and fourth movement price came back down to test 38500 again creating a double bottom, which is an indication of a potential reversal which we saw pushing price back to 38800. After the CPI data came out the volatility showed...

Itskaleel

Last week we got that expected push down to 38800 before seeing a retest of 39000, price simply ranged between those 2 levels with a lower volume output. With price now struggling to hold above 38800 we may begin to see a push to 38500, a continuation of the downtrend from the 39280 All-Time-High. Confirmations if we see a Higher-Time-Frame closure below 38800....

Itskaleel

We ended last week in a consolidation zone just after creating another All-Time-High slightly under 39300. We've had a slow start to this week regarding volume, but price has now broken below this demand zone, potentially making its way to test 38800. If we break below 38800 expect price to continue down to 38500 or even 38200. Our main bias on the other hand...

Itskaleel

2 weeks ago we saw us30 sitting just under 38800 All-Time-High, then with rate cut hopes and stock market greed impacting the market we got continued higher highs creating a new ATH at 38900. Last week inflation data was released higher than expected ending any near rate cut hopes and giving us a correction on us30, we saw price drop to 38000 level before making...

Itskaleel

In the past 2 weeks, us30 has strictly been rallying, printing new All-Time-Highs weekly. Last week we finally saw an almost 500 point correction after FED Powells FOMC speech where he indicated that they don't plan to cut rates any time soon, ending the rate cuts narrative driving the market. Despite that, this correction was short lived as we continued to print...

Itskaleel

Last week on us30 we expected rejection of the 37200 area, a bullish move to break above 37600 and continue to print new All-Time-Highs. At this key price point if we fail to continue to make new ATHs expect buyers to begin taking profits, leading to a short term corrective phase as the rate cut bets narrative begins to be phased out. If we fail to break below...

Itskaleel

Last week we got a second retest of 37800 All-Time-High creating a double top indicating a bearish reversal which we then saw ending the week and now testing 37200. Still playing the stock market greed and rate cuts narrative our bias is still bullish specifically if price breaks above 37600. Since we are currently at one of our targets from last week 37200 we can...

Itskaleel

As us30 begins to show exhaustion and profit taking we end the week at 37200. With jobs data supporting the optimism of more rate cuts in the future and stock market greed, we can still maintain a bullish bias on us30. However, we have to look out for the CPI (inflation data) for a true picture of whether or not we can keep this current sentiment. As of now, our...

Itskaleel

Us30 has been on a steady uptrend over the holidays which typically host a lot irregular movement entering a new year and business quarter. With that being said we've been creating new All-Time-Highs for the past 2 week, representing the optimism still in the market with hopes for continued rate cuts. We could likely see buyers begin taking profits at these new...

Itskaleel

Us30 is now testing All-Time-Highs after breaking out bullish last week from the 36000-36200 liquidity zone. With this data heavy week upon us, the FED interest rates being released will likely impact whether we see us30 continue bullish creating new ATHs. For that to be the case we'd like to see FEDs continue to keep rates steady as expected or lower them and...

Itskaleel

Us30 has continued its bullish rally, breaking out above the 35600 level and previous highs. This is a strong indicator that us30s bullish momentum is not over and with economic data supporting this we could easily see price reach new All-Time-Highs. After last weeks bullish move us30 is now trading in a demand zone between 36000-36300, as buyers begin taking...

Itskaleel

As expected from the previous week, we've began to see price exhaustion occur as we enter the 35500-35600 range (previous highs, key demand zone) after the bull run. Its likely price will begin consolidating in that zone (white rectangle) before see either a rejection of this key level signified by a break below 35400 or a break above 35600 pushing price back up...

Itskaleel

It's been a while since I've done a US30 trades analysis & predictions but to get back into it we're gonna look from where I left off. Since August 2023 US30 has been in a steady downtrend till early October. This was a result of the FEDs not giving any clarity as to when rates would begin to decrease and other geo-political impacts. We then began to see some...

Itskaleel

Last week on US30 we saw price continue respecting the downtrend and break below 33000 after retesting the upper trend line to then continue back to 32600 key level. With price failing to break lower we rejected and broke out to the upside to end the week above 33600. Now that price is trading above 33600 we can now begin validating buys to 34000. Typically we'd...

Itskaleel

Last week on us30 we finally broke out of the 33500-33000 Higher Time Frame consolidation zone. We saw bearish candle closures below 33000 supporting our overall bearish bias, with that we saw the expected pullback picking up more seller orders before clearing the range to 32600. Then while failing to continue to break below that support level we ended the week...

Itskaleel

For the past couple of weeks, us30 has been experiencing exhaustion after testing 34000 key level but failing to break above, due to the greed from stock market buyers still holding positions and trying to squeeze as much profit as possible. We have been playing within that 33000-33500 range and showing a lot of indecision despite the overall bias being bullish. ...