US30 Intra-Week Analysis April 23rd 2024
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. This week if we fail to see price close above 38600 we can expect a slight pullback to 38000 before looking for continued buys.